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)
15 Apr 2021 7.08c
15 Oct 2020 4.68c
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

Fees
TER (31 Dec 2020): 0.41%
Perf Fee TER (31 Dec 2020): 0%
Annual: 0.40%
Performance: n/a
 
Top Holdings on 31 Mar 2021
Share No Units Value (Rm) % of Fund
BHP 42 475 18.16 29.38%
ANGLO 24 840 14.43 23.34%
IMPLATS 15 631 4.28 6.92%
SIBANYE-S 58 198 3.78 6.12%
MONDIPLC 9 743 3.70 5.98%
Totals   44.34 71.75%

 
Asset Allocation
 
Sectoral Breakdown
NewFunds Shari'ah Top 40 Index ETF
Price
 
Performance to 13 May 2021
R1 000 Lumpsum (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 9.52% 1 095.20 1 009.90
6 Months 30.44% 1 304.40 1 015.00
1 Year 55.80% 1 558.00 1 036.10
3 Years 12.27% 1 415.20 1 116.30
5 Years 9.87% 1 600.80 1 231.10
10 Years 5.84% 1 764.20 1 639.90
 
R100 per Month (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 4.16% 308.39 300.44
6 Months 18.64% 668.71 604.77
1 Year 38.44% 1 481.70 1 222.48
3 Years 18.55% 4 842.35 3 799.43
5 Years 13.06% 8 494.98 6 623.42
10 Years 7.44% 17 848.57 15 220.52
* Values for periods greater than one year are annualised
 
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