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 Fees TER (31 Dec 2019): 0.40% Perf Fee TER (31 Dec 2019): 0% Annual: 0.46% Performance: n/a   Top Holdings on 31 Dec 2019 Share No Units Value (Rm) % of Fund BHP 47 714 15.74 30.24% ANGLO 28 316 11.29 21.70% SASOL 12 736 3.87 7.43% MONDIPLC 11 063 3.61 6.94% ANGGOLD 9 465 3.00 5.76% Totals   37.50 72.07%   Asset Allocation   Sectoral Breakdown NewFunds Shari'ah Top 40 Index ETF Price   Performance to 26 Mar 2020 R1 000 Lumpsum (NAV-NAV Incl. Dividends) Period Return Value(R) Inflation(R) 3 Months -27.16% 728.40 1 016.70 6 Months -19.87% 801.30 1 020.20 1 Year -22.63% 773.70 1 049.80 3 Years -1.91% 943.70 1 136.30 5 Years -4.26% 804.50 1 297.90 10 Years 1.34% 1 142.10 1 673.00   R100 per Month (NAV-NAV Incl. Dividends) Period Return Value(R) Inflation(R) 3 Months -36.68% 232.43 304.29 6 Months -44.12% 463.17 609.91 1 Year -48.05% 929.23 1 230.38 3 Years -12.94% 2 964.25 3 858.68 5 Years -6.51% 5 105.44 6 778.89 10 Years -2.15% 10 788.48 15 652.77 * 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 2020  ]