Cadence Opportunities Fund Limited (CDO) Earnings Call Transcripts

Cadence Opportunities Fund Limited's Latest Earnings Call - Q3 FY2026

In the March 2026 quarter, Cadence Opportunities Fund Limited (CDO:AU) reported a slight decline of 0.2%, outperforming the index by 2.5%. The fund has achieved a remarkable 36% increase over the past nine months and has returned 24.5% per annum since its inception seven years ago. Management indicated a shift in investment strategy due to changing market conditions, reducing exposure to certain sectors and increasing cash holdings to 30%. They highlighted strong dividend reserves, with $0.73 per share available for future distributions, significantly above the market average.

Reported metrics

Guidance from management

Management did not provide specific numerical guidance for the upcoming quarters but indicated a cautious approach due to ongoing market volatility and economic pressures.

What analysts pressed on

Analysts expressed concerns regarding the fund's significant cash position and the implications of reduced exposure to gold and silver. There were questions about how management plans to navigate the changing investment landscape and the potential impact on future returns.

Main topics on the call

• Investment Strategy Shift — Management noted a fundamental change in the investment landscape, stating, "We are no longer in a buy the dip world". The fund has reduced exposure to gold and silver by 70% and increased cash holdings to 30%, indicatin...
• Dividend Reserves — CDO has a strong dividend reserve of $0.73 per share, which equates to over four years' worth of dividends based on the interim payout of $0.075. Management emphasized that this positions the fund favorably compared to t...
• Performance Against Index — The fund is up approximately 36% over the past nine months, outperforming the index by 34.3%. Management stated, "Since inception, the fund is up 24.5% against the All Ordinaries index up 10%", highlighting its strong re...
• Market Conditions and Outlook — Management described the current market as facing "structurally higher interest rates, inflation, high energy prices and currency wars", which they believe will pressure asset valuations. They foresee continued challenge...

Read the full Cadence Opportunities Fund Limited transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 Cadence Opportunities Fund Limited earnings call transcripts on record, spanning November 26, 2024 to June 10, 2026. Based on this history, Cadence Opportunities Fund Limited reports quarterly. The most recent call on file is dated June 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CDO

Exchange

ASX

Country

AU

Sector

Financials

Industry

Capital Markets

Calls on record

6

First call

November 26, 2024

Most recent

June 10, 2026

Reporting cadence

quarterly