Page 284 - Profiles's Unit Trusts & Collective Investments - September 2024

Mazi Asset Management Prime Africa Equity Fund

Mazi Asset Management Prime Africa Equity Fund
Mazi Asset Management Prime Africa Equity Fund
Sector: Regional—Equity—General
Fund benchmark: MSCI EFM Ex ZA HISTORICAL PERFORMANCE All figures to 30 June 2024
Code (A): MCAFCA R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Yrs Return Value Inflation Return Value Inflation Volatility
MANAGEMENT 1 (A) (9.47)% R905 R1 052 (16.33)% R1 099 R1 229 22.23
2 (A) (0.50)% R990 R1 109 (8.45)% R2 200 R2 523 23.12
Mazi Asset Management (Pty) Ltd.
3 (A) 1.08% R1 033 R1 191 (5.45)% R3 313 R3 911 21.74
FUND FOCUS 4 (A) (0.10)% R996 R1 249 (2.92)% R4 525 R5 374 20.01
The Mazi Asset Management Prime Af- 5 (A) 0.08% R1 004 R1 276 (2.11)% R5 689 R6 886 20.85
rica Equity Fund is a Regional general eq- HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
uity portfolio that seeks to sustain high
long-term capital growth. Period Ending End Price Feb Aug 12-mnth DY%
30 Jun 24 (A) 79.71 0.71 - 5.74
DETAILS as at 30 June 2024 31 Dec 23 (A) 89.55 0.50 3.86 4.87
All fees and charges include Vat
31 Dec 22 (A) 91.02 0.39 3.76 4.57
Formation date: 26 Oct 2015 31 Dec 21 (A) 104.92 0.25 2.39 2.52
Min lump sum: R5 000 31 Dec 20 (A) 88.63 0.68 3.31 4.50
Minimum monthly: R500
No of unitholders: 7 Risk / Return Profile
Annual fee (A): 1.61%
TER (A) 06/24: 1.37%
TER Perf% (A): 0.00% 20
Fund value: R1.34bn 3yr Compound return(%)
Income declaration: 31/08, 28/02 10 11 22
Income payment: 03/09, 03/03
-1
Volatility p.a. Scale adjusted to accommodate exceptional
return/volatility.
PORTFOLIO ALLOCATION
June 2024 December 2023
Sector Value (R000) % of Fund Value (R000) % of Fund Difference
Other Regions 122 692 9.13% 159 887 10.75% (1.61)%
Africa 60 958 4.54% 58 680 3.94% 0.59%
Egypt 406 994 30.30% 611 633 41.10% (10.80)%
France 13 610 1.01% 12 587 0.85% 0.17%
United Kingdom 30 729 2.29% 26 589 1.79% 0.50%
Kenya 324 553 24.16% 172 700 11.60% 12.56%
Mauritius 121 699 9.06% 111 181 7.47% 1.59%
Morocco 15 413 1.15% 14 691 0.99% 0.16%
Nigeria 133 501 9.94% 257 808 17.32% (7.39)%
Switzerland 9 072 0.68% 17 335 1.16% (0.49)%
USA 102 540 7.63% 24 374 1.64% 6.00%
Liquid Assets 1 637 0.12% 20 802 1.40% (1.28)%
TOTAL 1 343 399 100.00% 1 488 268 100.00% (9.73)%
TOP HOLDINGS BY VALUE
June 2024 December 2023
Short Name/ Sector Units Value %of Units Value %of
JSE Code Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund Difference
COMMINTERBANK Foreign 7 051 207 418 15.44% 7 051 304 890 20.49% -
MCBGROUP Foreign 830 121 699 9.06% 830 111 181 7.47% -
SAFARICOM Foreign 46 207 112 899 8.40% 39 357 63 864 4.29% 6 850 000
EQUITYBANK Foreign 17 394 103 790 7.73% 14 080 55 311 3.72% 3 313 700
KENYACOMMBANK Foreign 16 354 72 178 5.37% 12 854 32 862 2.21% 3 500 000
SONATEL Foreign 106 60 958 4.54% 106 58 680 3.94% -
EGYPTKUWAITCO Foreign 4 439 57 800 4.30% 4 439 72 955 4.90% -
EASTCOEGYPT Foreign 6 314 43 628 3.25% 4 694 78 104 5.25% 1 620 691
GUARANTYTRUST Foreign 61 768 33 491 2.49% 108 575 84 681 5.69% (46 806 947)
CLEOPATRAHOSP Foreign 11 327 31 855 2.37% 11 327 31 088 2.09% -
TOTAL 845 719 62.95% 893 617 60.04%
Price History Relative Strength to MSCI World index
110
1.5
104 1.3
98 1.1
92 0.9
86 0.7
80 0.5
18 | 19 | 20 | 21 | 22 | 23 18 | 19 | 20 | 21 | 22 | 23

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