NewFunds Shari'ah Top 40 Index 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: NFSH40
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)
23 Oct 2019 5.77c
18 Jul 2019 1.23c
23 Apr 2019 10.05c
16 Oct 2018 6.07c
17 Jul 2018 1.99c
23 Apr 2018 5.81c
23 Jan 2018 2.57c
26 Sep 2017 2.18c
20 Jun 2017 1.28c
31 Mar 2017 2.03c
31 Dec 2016 0.31c
30 Sep 2016 0.68c
30 Jun 2016 2.79c
31 Mar 2016 1.15c

Fees
TER (31 Mar 2019): 0.35%
Perf Fee TER (31 Mar 2019): 0%
Annual: 0.313%
Performance: n/a
 
Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
BHP 44 323 14.41 30.10%
ANGLO 26 893 9.46 19.76%
MTN GROUP 38 160 3.67 7.67%
SASOL 11 831 2.99 6.25%
MONDIPLC 10 277 2.98 6.23%
Totals   33.52 70.01%

 
Asset Allocation
 
Sectoral Breakdown
NewFunds Shari'ah Top 40 Index ETF
Price
 
Performance to 12 Dec 2019
R1 000 Lumpsum (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 8.65% 1 086.50 1 003.50
6 Months 1.27% 1 012.70 1 013.30
1 Year 19.23% 1 192.30 1 037.30
3 Years 6.23% 1 198.70 1 143.70
5 Years 3.56% 1 191.10 1 280.10
10 Years 4.77% 1 593.50 1 665.20
 
R100 per Month (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 7.34% 314.92 300.62
6 Months 9.69% 634.84 603.63
1 Year 12.65% 1 285.47 1 222.97
3 Years 8.15% 4 090.25 3 837.73
5 Years 5.89% 6 991.57 6 753.49
10 Years 4.17% 14 905.58 15 595.38
* Values for periods greater than one year are annualised
 
Back to Top

ProfileData has taken care in preparing this information but
does not accept any liability for errors or out-of-date information.
© Copyright Reserved 2019  ]