Cadence Opportunities Fund (ASX:CDO) disclosed in its October 2026 NTA and investment update that the fund was down 3.3% in September, while the All Ordinaries Accumulation Index was up 0.7% for the same month, with Turaco Gold, Cyprium Metals, Lindian Resources, Broken Hill Mines, Aeris Resources and Samsung Electronics named as the largest detractors from performance.

Key Points

  • The fund fell 3.3% in September 2026, compared to a 0.7% gain for the All Ordinaries Accumulation Index.
  • A 7.5 cents per share fully franked final dividend was paid on 15 October 2026, with a profits reserve of 55 cps and franking credits of 10.7 cps disclosed.
  • A special December quarter dividend of 2 cents per share fully franked was announced in July, with an ex-date of 15 December 2026 and payment date of 23 December 2026.
  • CDO has paid $0.92 per share in dividends ($1.314 per share including franking) since inception.
  • The AGM and Investor Briefing is scheduled for 2:00pm AEDT on Thursday 19 November 2026 at the Museum of Sydney, Warrane Theatre.

September Performance: Top Detractors and Contributors

According to the filing, the top contributors to fund performance in September were CSL, Many Peaks Minerals, Monday.com, FleetPartners and Pro Medicus. Among the detractors, Broken Hill Mines (ASX:BHM), described as a zinc, silver and gold producer in the Broken Hill region of NSW, experienced a softer-than-expected September quarter operationally, compounded by softer commodity prices. The filing states the fund reduced its BHM exposure in October. FleetPartners (ASX:FPR) entered into a Binding Implementation Scheme with SG Fleet for a total consideration of $5.30 per share, representing an 85% premium to where the stock traded before the initial offer.

Dividend Position and Historic Yield Disclosure

The filing states that in 2026, CDO's franked and gross yields were around two and a half times higher than those of the All Ordinaries Index, with the filing noting this outperformance in yield is higher than the previous five-year average. Following the payment of the 7.5 cents per share fully franked final dividend on 15 October 2026, CDO holds a profits reserve of 55 cents per share, described as more than 3.5 years' worth of dividends, and franking credits of 10.7 cents per share, described as 1.7 years' worth of fully franked dividends. Total dividends paid since inception amount to $0.92 per share, or $1.314 per share including franking.

AGM Scheduled for November 2026 at Museum of Sydney

The filing advises that the fund's AGM and Investor Briefing will be held at the Museum of Sydney, Warrane Theatre, at 2:00pm AEDT on Thursday 19 November 2026. A dial-in facility will be available for investors unable to attend in person. The filing also notes that Karl Siegling was interviewed by Alex Gluyas of the Australian Financial Review on 28 September 2026 in an article titled "This fund manager loves fallen ASX darlings but is ignoring Firmus," in which Siegling discussed stocks Cadence Capital has been investing in and those it is not.