-0.18 /
-0.22%
83.14
NAV on 2021/07/26
| NAV on 2021/07/23 |
83.32 |
| 52 week high on 2021/06/14 |
85.21 |
| 52 week low on 2020/09/07 |
56.5 |
| Total Expense Ratio on 2021/03/31 |
1.53 |
| Total Expense Ratio (performance fee) on 2021/03/31 |
0 |
| Basic Materials |
113.21 |
13.41% |
| Consumer Goods |
41.84 |
4.96% |
| Consumer Services |
227.00 |
26.89% |
| Financials |
145.32 |
17.22% |
| General Equity |
49.62 |
5.88% |
| Health Care |
21.32 |
2.53% |
| Industrials |
73.00 |
8.65% |
| Liquid Assets |
6.82 |
0.81% |
| Technology |
100.32 |
11.89% |
| Telecommunications |
65.60 |
7.77% |
|
CONSUMERSRVS |
227.00 |
26.89% |
|
BASICMATERIAL |
113.21 |
13.41% |
|
TECHNOLOGY |
100.32 |
11.89% |
|
FINANCIALS |
92.87 |
11% |
|
INDUSTRIALS |
73.00 |
8.65% |
Management company:
Prescient Management Company Ltd. (PIM) |
Formation date:
2016/08/31 |
ISIN code:
ZAE000222345 |
Short name:
U-PSTEYEQ |
Risk:
Unknown |
Sector:
South African--Equity--General |
Benchmark:
FTSE / JSE Shareholder Weighted Total Return Index net of fees |
Steyn Capital Management (Pty) Ltd
Andre Steyn
Steyn Capital Equity Prescient Comment - Mar 19
2019/06/24 00:00:00
The portfolio benefitted in the month from a Global Technology holding which traded up as further clarity on Chinese gaming regulations buoyed the share price of its major underlying investment, and a Retail holding which benefitted from a positive trading statement. Our Insurance holdings and Bank holding also traded up in the month alongside the SA Financials sector generally, and a Poultry holding benefitted on expectations of increased global protein prices following the devastating impact of disease on the Chinese pig herd. This was only partly offset by a Tobacco holding, which traded down following some downward revisions by a US competitor on volume expectations in that jurisdiction. At month end, we held 99.28% of our capital in 33 positions.
The Steyn Capital Equity Prescient Fund will seek to follow an investment policy which will secure for investors medium to long-term capital growth. The Fund will endeavour to deliver solid performance and average or lower volatility over time. In order to achieve this objective the fund will invest in selected shares across all industry groups as well as across the range of large, mid and smaller cap shares. The fund will seek to capture value by focussing on equity selection opportunities. The portfolio will predominately invest in South African markets, but is however permitted to include investments in offshore jurisdictions subject to the investment conditions determined by the Registrar from time to time. The portfolio is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time. The portfolio will aim to be fully invested in the securities set out in 3.1 and 3.2 above at all times, with any amounts not invested at any given point in time being kept as cash in the bank account of the fund. Nothing in the supplemental deed shall preclude the manager from varying the ratios of securities, to maximise capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash in terms of the Deed and any Supplemental Deeds thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities of the aggregate value required from time to time by the Act. The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out. For the purpose of this portfolio, the manager in consultation with the Investment Manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.
