Cadence Opportunities Fund Battles March Volatility but Extends FY Outperformance and Lifts Dividend

The latest update is out from Cadence Opportunities Fund Ltd. ( (AU:CDO) ).

Cadence Opportunities Fund reported a 16.2% gross loss in March against a 7.3% fall in the All Ordinaries Accumulation Index, yet maintained a 0.3% post-tax NTA gain for the quarter and is up 35.9% for the 2026 financial year to date, materially outperforming the market. The manager has trimmed gold and silver exposure while retaining gold as a core holding, highlighted strong performance from critical minerals positions such as Lindian Resources, and benefited from a short in Pop Mart International, and the company has declared a higher fully franked interim dividend of 7.5 cents per share with an active DRP and on-market buy-back to support capital management when shares trade below NTA.

Critical minerals holdings, including rare earth and tungsten-related investments, contributed positively amid heightened geopolitical focus on secure supply chains, with Lindian advancing a Malawi rare earths project and acquiring a Kazakhstan downstream facility tied to a US–Kazakhstan strategic partnership. The interim dividend equates to a 7.1% fully franked yield based on the prior share price, and the DRP combined with buy-backs is positioned to offer shareholders an efficient reinvestment option and potential value accretion when the stock trades at a discount to asset backing.

More about Cadence Opportunities Fund Ltd.

Cadence Opportunities Fund Ltd is an Australian listed investment company that actively manages a portfolio across equities and related securities. The fund focuses on opportunistic, event-driven and thematic investments, including significant exposure to gold, silver and critical minerals, alongside selective short positions in global equities.

Average Trading Volume: 24,029

Technical Sentiment Signal: Buy

For detailed information about CDO stock, go to TipRanks’ Stock Analysis page.