FAQ

Frequently Asked Questions

Listed below are responses to a number of frequently asked questions from prospective and current shareholders:

How do I invest in Cadence Capital Limited (CDM) and Cadence Opportunities Fund (CDO)

Cadence Capital Limited is listed on the Australian Securities Exchange (ASX) and trades under the ASX code:CDM. Cadence Opportunities Fund is listed on the Australian Securities Exchange (ASX) and trades under the ASX code:CDO. Buying (or selling) CDM and CDO is the same as buying (or selling) BHP or CBA on the ASX. You can buy and sell directly through an online or full service broker, or you can speak to your financial planner or adviser who can invest in CDM and CDO on your behalf. For more information visit our How to Invest page.

What are the differences between Cadence Capital Limited (CDM) and Cadence Opportunities Fund (CDO)

Cadence Capital Limited (CDM) and Cadence Opportunities Fund (CDO) are both listed investment companies.

The key differences between the respective investment strategies are:

  • The CDO Investment Strategy is focused on benefiting from shorter-term trends to a greater extent than the CDM strategy
  • CDO takes smaller initial Position sizes and adds to Positions in smaller subsequent lots than CDM
  • CDO has a greater ability to participate in trading opportunities

Notwithstanding the above differences, the Manager employs the same proven investment processes in implementing the respective strategies of CDM and CDO.

Fees

Cadence Capital Limited

Cadence Asset Management charges a Management Fee of 1% pa.

In addition, Cadence Asset Management Pty Limited is to be paid, annually in arrears, a performance fee, being
20% of:
• where the level of the All Ordinaries Accumulation Index has increased over that period, the amount by
which the level of the portfolio exceeds this increase, or
• where the All Ordinaries Accumulation Index has decreased over that period, the amount of the increase in
the value of the portfolio.

It is important to note that no performance fee is payable in respect of any performance period, where the portfolio has decreased in value over that period.

Cadence Opportunities Fund

In return for the performance of its duties under the Investment Management Agreement, the Manager is entitled to be paid monthly a Management Fee equivalent to 1.25% (plus GST) per annum of the Value of the Portfolio (calculated on the last Business Day of each month and paid at the end of each month in arrears).

In addition to the Management Fee, the Manager is entitled to a fee (Performance Fee) equal to 15% (plus GST) of the Portfolio’s performance over each 12 month period subject to a high-water mark mechanism.

Change of Shareholder contact details

Please send any change in shareholder contact details (change of address, phone, email) through to our share registry, Boardroom Pty Limited. Please update your change in email address for our monthly newsletter by emailing us

What is the current NTA of Cadence Capital Limited (CDM) and Cadence Opportunities Fund (CDO)

Net Tangible Asset (NTA) information is published in our monthly newsletters.  Also included in the monthly newsletters is a summary of investment performance and the fund’s top portfolio positions.

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