Newfunds S&P Namibia Bond ETF  
Regional--Interest Bearing--Variable Term
 
Focus and Objective
The Portfolio has been established with the intention of allowing an Investor to obtain market exposure to the Top 10 largest Sovereign Bonds issued by the Government of the Republic of Namibia. The Portfolio will track and replicate the total return version of the S&P Namibia Sovereign Bond 1+ year Top 10 Index in local currency of the Republic of Namibia, an index whereby each constituent bond has a maturity of greater than or equal to 12 months. The index is created and maintained by S&P Dow Jones Indices, and is a subset of the full Namibia Sovereign Bond Index. The Portfolio will replicate the performance of the index in local currency, rebalance monthly in line with the Index, and reinvest all income received by the Portfolio into the constituents securities of the index thereby increasing the net asset value of the Portfolio. The Portfolio will be listed on both the Namibian Stock Exchange (NSX) and Johannesburg Stock Exchange (JSE) as an Exchange Traded Fund (ETF), and can be traded throughout any trading day at prevailing market prices.

Management
NewFunds (Pty) Ltd.
 
Comparative Performance
 
 
Technical Overview
Formation Date: 28 Nov 2019
JSE Code: NFNAMB
Benchmark: S&P Namibia Sovereign Bond 1 + Year Top 10 Index
Holdings: n/a
Unit Holders: n/a
Original Price: n/a
Pricing System: Forward
Minimum Lump Sum: n/a
Minimum Monthly: n/a

Fees
TER (31 Dec 2019): 0.23%
Perf Fee TER (31 Dec 2019): 0%
Annual: 0.12%
Performance: n/a
 
Top Holdings on 31 Dec 2019
Share No Units Value (Rm) % of Fund
GC24 5 950 000 6.36 2.66%
Totals   6.36 2.66%

 
Asset Allocation
 
Sectoral Breakdown
Newfunds S&P Namibia Bond ETF
Price
 
Performance to 27 Mar 2020
R1 000 Lumpsum (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months -9.50% 905.00 1 016.70
 
R100 per Month (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months -15.81% 269.49 304.29
* Values for periods greater than one year are annualised
 
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