Page 246 - Profile's Unit Trusts and Collective Investments 2021 issue 2

Mazi NCIS Market Neutral Retail Hedge Fund

Mazi NCIS Market Neutral Retail Hedge Fund
Mazi NCIS Market Neutral Retail Hedge Fund
Sector: South African—Hedge
Fund—Unclassified
FUND EXPOSURE 30 JUNE 2021
Fund benchmark: STeFI Gross Exposure 53.7%
Net Equity Exposure 33.2%
MANAGEMENT
Total Net Exposure 36.3%
Mazi Asset Management (Pty) Ltd.
Net Property Exposure 2.9%
Net Preference Shares Exposure 0%
FUND FOCUS
The Market Neutral Fund is managed to
generate positive returns over a rolling TRAILING RETURNS
12- month period irrespective of the Data Point: Return Calculation Benchmark: STeFI Composite ZAR
directional performance of the equity YTD 1 Year From Inc
markets. The fund prioritizes capital
preservation and strives for returns in Mazi NCIS Market Neutral 10.76% 17.85% 301.71%
excess of CPI+2% over any 36 months STeFI Composite ZAR 1.83% 3.57% 272.63%
period while maintaining volatility of CPI 2.93% 3.52% 221.96%
monthly returns lower than the SA All
Bond Index.
The Fund can invest in a wide range of
assets, such as shares, bonds, listed
property and cash, both in South Africa
and internationally. The Fund’s absolute
equity exposure is limited to 200% (2x
gearing). Effective net equity exposure
is capped at a maximum of 40%.
Exposure to foreign assets (excluding
Africa) is limited to 25%.
The fund is mandated to use derivative
instruments
DETAILS as at 30 June 2021
All fees and charges include Vat
FUNDS Income declaration: 30/06, 31/12
Risk rating:
Medium
Income payment:
02/07, 02/01
HEDGE HISTORICAL MONTHLY PERFORMANCE May Jun Jul Aug Sep Oct Nov Dec Year
Jan
Feb
Mar
Apr
2020
4.57%
4.49%
0.34%
0.24%
2.74%
0.92%
0.24%
0.94%
1.30%
2.22%
-0.99%
-0.71%
2019 -0.18% -3.50% -4.88% 3.21% -0.44% -1.15% -1.90% -2.51% -0.61% 0.33% -0.45% 1.77% -2.57%
0.97%
2018 -2.29% 0.83% -0.02% 1.01% -1.15% -0.12% -0.02% 2.10% -1.94% -0.40% -1.13% 0.23% -2.96%
2017 1.45% 0.19% -0.60% 0.19% -0.35% -0.53% -0.51% 0.12 0.45% 3.49% -0.83% -2.21% 0.76%
2016 -4.22% -0.93% 0.25% -0.65% 2.48% -2.78% -1.56% -0.49% -0.24% -0.93% 0.09% -0.22% -8.96%
2015 -1.11% 2.23% 2.44% 0.39% 0.36% 0.19% 1.69% -0.01% 0.52% 2.28% 1.35% 3.05% 14.14%
2014 0.90% -0.02% -3.20% 1.51% 1.37% 0.70% 1.90% 0.78% 2.22% -0.78% 0.55% 1.96% 8.05%
2013 2.72% 2.30% 2.45% -0.32% 5.32% -1.71% 2.84% 1.19% 1.07% 1.74% 1.62% 0.33% 21.21%
2012 1.08% 2.13% 2.18% 1.18% 0.38% 1.69% 0.86% 0.71% 1.24% 1.86% 0.52% 0.62% 15.42%
2011 0.99% 0.95% 0.05% 0.87% 0.69% 0.57% 0.01% 1.03% 2.86% 0.40% 1.88% 2.59% 13.64%

244 Profile’s Unit Trusts & Collective Investments — HEDGE FUNDS