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   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 2024  ]