NewFunds Shari’ah Top 40 Exchange Traded Fund Report - July 2022

Transcription

1. NewFunds Shari 'ah Top 40 ETF Minimum Disclosure Document - 31 July 2022 Portfolio details Portfolio objectives The Shari’ah Top 40 Index ETF is an investment instrument created to comply with Islamic ethical investing, it gives investors diversified exposure to the broad market and allows investors to earn a market related performance while still complying with the Shari’ah principles of investing. The NewFunds Shari’ah Top 40 Index ETF tracks the price* performance of the FTSE/JSE Shari’ah Top 40 Index, an Index is designed to reflect the Shari’ah compliant companies identified from the FTSE/JSE Africa Top 40 Index by Yasaar Limited (Yasaar). The Shari’ah Top 40 ETF is structured as a Financial Services Board (FSB)- approved Collective Investment Scheme Portfolio, issued under the NewFunds CIS umbrella. Listed on the JSE Limited, the Shari’ah Top 40 ETF provides investors with a daily disclosed, lowcost, and easy-to access investment product that conforms to Shari’ah principles. Manager Asset Manager Asset Administrator and Pricing House Market Maker Trustees Performance and statistics Cumulative wealth chart NewFunds (RF) (Pty) Ltd Absa Alternative Asset Management (Pty) Ltd Maitland Fund Services (Pty) Ltd Absa Bank Limited Standard Chartered Bank Benchmark Index FTSE/JSE Shari'ah Top 40 Index Index Calculation Agent FTSE/JSE Wealth 300 ASISA Fund Category 250 South African - Equity - Large Cap 200 Exchange 150 100 2010 2011 2012 2013 2014 2015 ETF 2016 2017 2018 2019 2020 2021 2022 Index JSE Code ISIN JSE NFSH40 ZAE000130431 Source: Absa CIB. The ETF and Index has been rebased to 100 on the listing date. Returns table Base Currency Risk statistics Period ETF (%) Index (%) Diff. Statistic 3 Months -13.79 YTD -5.81 -13.79 0.00 Risk (Ann.) -5.18 -0.62 Max. Drawdown ETF (%) 19.64 ZAR Portfolio Listing Date 06 April 2009 Net Asset Value R60 347 374 -47.14 1 Year (Ann.) -1.96 -0.52 -1.44 Best Month 3 Years (Ann.) 11.35 12.48 -1.13 Worst Month 17.02 5 Years (Ann.) 8.28 9.74 -1.46 Best Annual Return Full Period (Ann.) 6.81 7.49 -0.68 Worst Annual Return NAV per Security R3.87 Securities Issued 15 575 446 -15.21 69.30 -24.34 Dividend Frequency Mar, Jun, Sep & Dec Income distributions Month Gross (cents per unit) Gross Dividend Yield 8.50% Fund Valuation 17h00 Net (cents per unit) July 2022 1.39 1.11 May 2022 12.45 9.96 October 2021 19.11 15.31 July 2021 1.03 0.83 Rebalance Frequency Price Information Annualised return is the weighted average compound growth rate over the period measured. Performance is calculated using the NAV of the Portfolio and represents only past performance. An individual’s performance may differ to that of the portfolio as a result of initial fees, brokerage, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is assumed to be effected on actual distributed amount net of withholding taxes; and on distribution payment date. Quarterly aiss.absa.africa
2. Portfolio details (cont.) Monthly returns table - last 5 years Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2022 3.2 12.9 -1.6 -4.6 -0.4 -15.2 2.0 - - - - - 2021 5.3 0.4 2.7 -5.4 10.9 -3.4 -7.2 4.8 5.1 5.4 2020 8.9 -0.5 3.8 7.6 4.8 1.0 -2.5 -11.0 14.5 6.7 2019 -3.4 -11.6 -15.2 17.0 1.1 5.1 2.8 0.1 -5.1 8.2 -5.1 -2.1 -1.0 6.7 -1.3 4.9 2018 2.8 -4.8 -1.6 7.6 0.7 2.9 -0.3 1.9 -0.9 -4.6 -9.1 9.6 Investor benefits Diversification: Investors obtain diversified exposure to a basket of SA equity securities. Liquidity: Absa Capital Securities (Pty) Ltd act as market maker and provide daily liquidity on the ETF. Transparency: The Portfolio holdings, investment methodology, constituent details and net asset value information is available to investors daily. Lower cost: ETFs have a lower fee structure. Investor protection: ETFs are fully backed by the underlying securities. Traded like a share: ETFs are Unit Trust Portfolios which trade on the JSE like shares. Regulation: NewFunds ETFs are registered as Collective Investment Schemes and regulated by the Financial Sector Conduct Authority. Management Fee 0.40%1 Annualised TER 0.40%2 Annualised Transaction Charges 0.00%3 Annualised Total Investment Charges 0.40%4 Notes 1. Management fee is the fee which the manager charges for managing the portfolio and is inclusive of VAT. Where the TER is lower than the management fee, the Manager has subsidized or waived allowable expenses. Such subsidies and waivers are not guaranteed perpetually and a higher TER may incur in the future. 2. The Total Expense Ratio (TER) is expressed as a percentage of the daily NAV calculated over a rolling 3 year annualised period. 3. The Transaction Cost of the Portfolio is expressed as a percentage of the daily NAV and is calculated over a rolling 3 year annualised period. 4. The Effective Annual Cost (EAC) measure is a combined sum of the TER and Transaction costs. The fees above are as at 31 July 2022. 5. Scrip Lending - The portfolio does not engage in scrip lending at this stage. Glossary of terms Annualised Return - The weighted average compound growth rate over the period being measured. Annualised Risk - A measure of how much the investment return varies from its average over time. Exposure Constituent Security - A stock which is part of a larger portfolio. Portfolio asset allocation Drawdown - A measure of the deterioration of the portfolio from its historical peak (highest level of the fund), measured since the relevant reference point. Exchange Traded Funds (ETF) - A listed instrument listed on the JSE whereby the investor essentially owns a proportionate share of the underlying investments held by the Portfolio. Net Distribution - Accrued income and dividends less portfolio expenses, which is distributed to investors. Portfolio Risk - A measure of the risk inherent in a portfolio incorporating individual stock volatility as well as the covariance structure of stocks in the portfolio. Basic Materials - 86.2% Telecommunications - 3.7% Industrials - 3.3% Health Care - 2.5% Consumer Services - 2.1% Financials - 1.9% Cash - 0.3% Scrip Lending - The lending of securities from one party (being the holder of the securities) to another party (the borrower). The borrower provides collateral for the securities borrowed. Total Expense Ratio (TER) - This is the total costs associated with managing and operating an investment (excluding financial planning). These costs consists primarily of management fees and other operational expenses such as audit and custody fees. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER cannot be regarded as an indication of future TERs. Source: Absa CIB. Contact us Top 10 portfolio holdings Name Absa NewFunds Index & Structured Solutions Type Weight (%) Tel: 0861 345 223 Email: etpmanagers@absa.africa Anglo American Plc Basic Materials 33.16 Sasol Ltd Basic Materials 8.86 Website: aiss.absa.africa Mondi Plc Basic Materials 6.91 Absa Stockbrokers & Portfolio Management Impala Platinum Holdings Basic Materials 6.82 Tel: 0860 050 403 Gold Fields Limited Basic Materials 6.15 Email: equities@absa.co.za Sibanye Stillwater Ltd Basic Materials 5.16 Website: www.absastockbrokers.co.za Bhp Group Ltd Basic Materials 5.15 Absa Online & AIMS Investment Plan Anglogold Ashanti Basic Materials 4.68 Tel: 0860 000 005 Glencore Xstrata Plc Basic Materials 4.13 Email: aimsenquiries@absa.co.za Vodacom Group Total: Telecommunications 3.73 84.75 Legal disclaimer NewFunds (RF) Proprietary Limited (“NewFunds”) is a registered and approved NewFunds Collective Investment Scheme in Securities (NewFunds CIS) under the Collective Investment Schemes Control Act 45 of 2002. The information contained in this document is provided for information purposes only and does it constitute (i) financial advice as contemplated in terms of the Financial Advisory and Intermediary Services Act, 37 of 2002; or (ii) any other financial, investment, trading, tax, legal, accounting, retirement, actuarial or other professional advice or service whatsoever (“advice”) or (iii) provide the basis of any credit, financial or other evaluation. It does not purport to be a prospectus for any security, financial product, transaction or service nor is it deemed appropriate and/or suitable for any particular investment, investor’s objectives or financial circumstances. This document is neither an offer to sell nor a solicitation of an offer to buy any of the products and, while every effort is made to ensure the information contained herein is complete and accurate, any pricing and other information included herein is indicative only and is not binding as such on Absa Bank Limited and NewFunds (collectively “the Promoters”). Accordingly, the information contained herein merely contains a description of certain facts as at the date hereof and investors are advised to carry out their own independent investigation and appraisal and seek their own advice prior to making any decision or taking action based on information contained herein. The Promoters disclaim any liability for any direct, indirect or consequential damage or losses that may be suffered as a result from using or relying on the information disclosed. Investors are advised that not all risks and issues related to the products are disclosed and therefore, Investors should familiarize themselves with the products and the risks and issues related to or associated with them. Collective Investments Schemes in Securities (“CIS”) are generally medium to long term investments where the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. The value of participatory interests may fluctuate as a result of market moves, associated external factors and risks, and past performance is not generally a guide to future performance. Any information on past financial returns, modelling or back-testing cannot be guaranteed nor does NewFunds guarantee with respect to the capital or return of any portfolio of NewFunds CIS. Listed CIS products are traded at ruling prices and can engage in borrowing and scrip lending. A schedule of fees and charges is available from NewFunds upon request. Absa Bank Limited Reg No 1986/004794/06, an Authorised Financial Services Provider (FSP 72), Registered Credit Provider Reg No NCRCP7. NewFunds (RF) Proprietary Limited registration number 2005/034899/07. This document was published on 12 August 2022.