Satrix Shariah Top 40 ETF  
South African--Equity--Large Cap
 
Focus and Objective
Another NewFunds innovative offering, South Africa's first Shari'ah compliant Equity Exchange Traded Fund (ETF). The NewFunds Shari'ah Top 40 Index ETF tracks the Shari'ah Top 40 index jointly established by London's FTSE International Limited (FTSE) and Johannesburg's JSE Limited (JSE). This FTSE/JSE Shari'ah Top 40 Index is designed to reflect the Shari'ah compliant companies identified from the FTSE/JSE Africa Top 40 index by Yasaar Limited (Yasaar), which provides independent Shari'ah compliance solutions in terms of stringent Shari'ah standards and principles. The Shari'ah ETF has been certified Shari'ah compliant by Absa Bank's Shari'ah Board. NewFunds Shari'ah ETF is structured as a portfolio within NewFunds CIS, an FSB approved Collective Investment Scheme, and listed on the JSE Limited. The Shari'ah ETF is a cost efficient, transparent, and easy-to-access investment product that conforms to the principles of Shari'ah Law. This product is long overdue in a South African market that urgently needs more local Islamic investment products to service the estimated 350 000 to 400 000 Muslim households in South Africa.

Management
NewFunds (Pty) Ltd.
 
Comparative Performance
 
  
Technical Overview
Formation Date: 6 Apr 2009
JSE Code: STXSHA
Benchmark: FTSE/JSE Shari’ah Top 40 index
Holdings: 21
Unit Holders: 1
Original Price: 237
Pricing System: Forward
Minimum Lump Sum: R1 000
Minimum Monthly: R300
Risk Rating: High
 
Dividend Yield
Vertical lines represent dividends.
 
Dividend History (last 3 years)
17 Oct 2023 5.43c
25 Jul 2023 4.76c
24 Apr 2023 2.40c
18 Oct 2022 11.48c
19 Jul 2022 1.39c
25 Apr 2022 12.45c
19 Oct 2021 19.11c
20 Jul 2021 1.03c
15 Apr 2021 7.08c
15 Oct 2020 4.68c

Fees
TER (30 Jun 2023): 0.40%
Perf Fee TER (30 Jun 2023): 0%
Annual: 0.40%
Performance: n/a
 
Top Holdings on 30 Sep 2023
Share No Units Value (Rm) % of Fund
ANGLO 23 203 12.19 27.38%
MTN GROUP 34 480 3.89 8.74%
GFIELDS 16 828 3.45 7.76%
MONDIPLC 9 272 2.93 6.59%
SASOL 11 036 2.88 6.47%
Totals   25.35 56.94%

 
Asset Allocation
 
Sectoral Breakdown
Satrix Shariah Top 40 ETF
Price
 
Performance to 5 Dec 2023
R1 000 Lumpsum (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 1.31% 1 013.10 1 020.80
6 Months -11.76% 882.40 1 034.60
1 Year -15.77% 842.30 1 064.50
3 Years 7.11% 1 229.00 1 219.90
5 Years 9.26% 1 557.40 1 309.30
10 Years 3.64% 1 429.50 1 713.00
 
R100 per Month (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 2.03% 304.07 303.90
6 Months -2.18% 592.42 613.27
1 Year -11.95% 1 125.10 1 245.44
3 Years -1.92% 3 495.26 3 995.64
5 Years 5.03% 6 835.04 6 969.45
10 Years 5.12% 15 697.70 15 531.13
* Values for periods greater than one year are annualised
 
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