Ashburton Management Company RF Proprietary Limited
Ashburton World Government Bond ETF
A portfolio in the Ashburton Collective Investment Scheme (‘the portfolio’) registered in terms of the
Collective Investment Schemes Control Act, 45 of 2002
Share Code: ASHWGB
DISTRIBUTION FINALISATION ANNOUNCEMENT
The manager and trustees (namely Ashburton Management Company RF Proprietary Limited and
Standard Chartered Bank) have resolved to make a quarterly distribution to holders of Ashburton World
Government Bond ETF securities for the quarter ended 31 January 2020.
The aggregate distribution will amount to 2.34572 cents per Ashburton World Government Bond ETF
security and is constituted as follows:
Subject to Withholding
Local Tax held at
Alpha Distribution Distribution
Dividend/Interest Foreign/ Local Withholding source
code (Cents per (Cents per
tax (Cents per
Yes/ No unit)
ASHWGB Interest Local 0.13023 No 0.00000 0.13023
Interest Foreign 2.21549 No 0.00000 2.21549
2.34572 0.00000 2.34572
*Source of funds: Sovereign bonds coupons which are constituents of the FTSE World Government Bond Index
Notice is hereby given that the following dates are of importance regarding the distribution for the quarter
ended 31 January 2020 to holders of Ashburton World Government Bond ETF securities:
Last day to trade ‘cum’ distribution: Tuesday, 18 February 2020
Securities trade ‘ex’ distribution: Wednesday, 19 February 2020
Record date: Friday, 21 February 2020
Payment date: Monday, 24 February 2020
Creations or redemptions from the fund will not be allowed during the period from 19 February 2020
to 21 February 2020 both days inclusive.
Withholding Tax on Interest (WTI) came into effect on 1 March 2015.
Interest accruing from a South African source to a non-resident, excluding a controlled foreign company,
will be subject to withholding tax at a rate of 15% on payment, except interest,
* arising on any Government debt instrument.
* arising on any listed debt instrument.
* arising on any debt owed by a bank or the South African Reserve Bank.
* arising from a bill of exchange or letter of credit where goods are imported into South Africa and
where an authorized dealer has certified such on the instrument.
* payable by a headquarter company.
* accruing to a non-resident natural person who was physically present in South Africa for a period
exceeding 183 days in aggregate, during that year, or carried on a business through a permanent
establishment in South Africa.
Investors are advised that to the extent that the distribution amount comprises of any interest, it
will not be subject to WTI by virtue of the fact that it is listed debt instruments and/or bank debt.
Both resident and non-resident investors are encouraged to consult their professional advisors
should they be in any doubt as to the appropriate action to take.
There are 16,134,683 Ashburton World Government Bond ETF securities in issue. The total distribution
amount payable is R 378,474.53.
Ashburton World Government Bond ETF Income Tax number is 2037/954/17/5.
A copy of the ETF issue document can be found at http://www.ashburtoninvestments.com/za/individual-
13 February 2020
Date: 13-02-2020 04:25:00
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