Page 245 - Profile's Unit Trusts and Collective Investments 2021 issue 2

Mazi NCIS Long Short Qualified Hedge Fund

Mazi NCIS Long Short Qualified Hedge Fund
Mazi NCIS Long Short Qualified Hedge Fund
Sector: South African—Hedge Fund—
Unclassified
FUND EXPOSURE 30 JUNE 2021
Fund benchmark: STeFI Gross Exposure 114.3%
Net Equity Exposure 85.6%
MANAGEMENT
Total Net Exposure 90.2%
Mazi Asset Management (Pty) Ltd.
Net Property Exposure 4.5%
Net Preference Shares Exposure 0%
FUND FOCUS
The fund is a Qualified Investor Hedge
Fund, aiming to provide investors with PERFORMANCE/RETURNS
equity like real returns that are YTD 1 Year From Inc
uncorrelated to the fortunes of the Mazi NCIS Long Short 26.19% 37.44% 53.47%
South African capital markets.
STeFI Comp 1.83% 3.57% 72.63%
The benchmark of the portfolio will be
the STeFI Composite Index. The FTSE/JSE Capped SWIX All Share TR ZAR 13.31% 23.87% 54.25%
investable universe of the fund includes
listed equities, property collective
investment schemes, property loan
stock, real estate equity, money market
instruments, bonds, fixed deposits, and
other interest bearing securities,
derivatives, and assets in liquid form.
The fund may also invest in participa-
tory interests or any other form of par-
ticipation in portfolios of collective
investment schemes. The fund may,
from time to time, invest in, or enter
into, listed and unlisted financial
instruments. The investment manager
may make foreign investments. The
fund’s leverage is limited to 4 times the
total net asset value of the fund, at any
given moment. As additional mandate
stipulations, the fund prioritises capital
growth, over the long term, and limits HEDGE
downside risk, over the short term. In
addition, the fund targets returns in
excess of CPI + 4%, over any 36 month
period, at moderate levels of volatility.
Effective equity exposure ranges FUNDS
between 50% and 80%. Foreign
exposure is limited to 25%. The fund
can take on debt, to fund investments.
The effective exposure is the net
position, taking long and short positions
into account. A short position results
from selling securities that the fund
borrows, in the belief that the price will
go down, which will allow the fund to
buy the securities at a lower price than
what it sold it for.
DETAILS as at 30 June 2021
All fees and charges include Vat
Risk rating: Medium - High
Income declaration: 30/06, 31/12
Income payment: 02/07, 02/01
HISTORICAL MONTHLY PERFORMANCE
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2021 3.23% 7.27% 8.32% 2.01% 3.33% -0.19% - - - - - - 26.19%
2020 -1.38% -5.28% -9.25% 6.49% 0.00% 7.02% 0.94% -0.61% -0.98% -1.08% 8.06% 3.55% 6.23%
2019 0.21% 1.27% -0.69% 2.78% -1.40% -0.24% -2.68% -4.42% 0.71% 1.46% -1.20% 0.89% -3.48%
2018 -2.54% 0.37% -0.82% 1.65% -2.45% -0.21% 0.63% 1.57% -1.68% -2.01% -0.82% 0.79% -5.50%
2017 2.70% 0.25% -0.57% 0.51% 0.58% -3.07% 0.22% -0.32% 0.78% 3.63% -1.45% -0.77% 1.84%
2016 -6.51% -1.07% 3.16% -1.11% 4.09% -4.67% -0.22% -0.76% 0.00% -1.54% 0.50% -0.64% -8.85%
2015 0.25% 3.92% 3.01% 1.58% -0.60% -1.24% 2.28% -0.49% 1.76% 3.07% 1.65% 2.96% 19.54%
2014 - - - 1.25% 1.23% 1.50% 2.55% 1.31% 0.28% 1.56% 0.70% 2.04% -

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Profile’s Unit Trusts & Collective Investments — HEDGE FUNDS