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Distribution and Re-Investment Announcement for the Quarter Ended 30 September 2021-NFEVAL

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Distribution and Re-Investment Announcement for the Quarter Ended 30 September 2021-NFEVAL

NEWFUNDS EQUITY VALUE EXCHANGE TRADED FUND PORTFOLIO
Share code: NFEVAL
ISIN: ZAE000252466

Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited
(Registration Number 2005/034899/07) (‘NewFunds’)

DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR THE QUARTER ENDED 30 SEPTEMBER 2021
NewFunds has today finalised a distribution to holders of ETF securities (‘investors’) recorded as such in the register on Friday, 22 October 2021, for the quarter ended 30 September 2021 as follows:

Alpha Code: NFEVAL Dividend Dividend Dividend (64N) Tax Reclaim *Interest Total
Distribution Source type Local Foreign SA Listed Foreign SA Listed Foreign SA listed Local
Net Distribution Reinvested Yes Yes Yes Yes Yes
Source of Funds (Country Code) ZA GB CH GB ZA
Subject to Foreign Withholding tax No No Yes No No
Gross Foreign Rate (cents per unit) 2,13864 0,61850
Foreign Tax % withheld at source 35,00000%
Foreign Tax amount per unit 0,21647
DTA with Source Country 15,00000%
Foreign Tax Reclaim % 20,00000%
Portfolio/Management Cost 0,02946
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 11,31749 2,13864 0,37256 0,00484 0,02513 13,85866
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 11,31749 2,13864 0,58903 0,00484 0,02513
SA Withholding Tax % 20,00000% 20,00000% 5,00000%
SA Withholding Tax amount per unit 2,26350 0,42773 0,02945
Local Net Rate 9,05399 1,71091 0,34311 0,00484 0,02513 11,13798

Notice is hereby given that the following dates are of importance in regard to the distribution by the above ETF for the quarter ended 30 September 2021:

Declaration/ Finalisation date Thursday, 14 October 2021
Last day to trade “cum” distribution Tuesday, 19 October 2021
Securities trade “ex” distribution Wednesday, 20 October 2021
Record date Friday, 22 October 2021
Payment date Monday, 25 October 2021

The distribution will be paid on Monday, 25 October 2021 to all securities holders recorded on the register on Friday, 22 October 2021.
In accordance with the investment policy of the portfolio, the distribution (net of dividend withholding tax as detailed above) will be re-invested on behalf of investors through the purchase of securities comprising the Index
in accordance with the calculation methodology of the total return version of this Index, thereby increasing the net asset value of the portfolio and, proportionately, each ETF security.

The distribution (Net of dividend withholding tax) should:

– be added to the base cost of each ETF security for capital gains tax purposes; or
– where the ETF securities are held as trading stock be regarded as part of the cost of acquiring an ETF security.

Reinvestments into the portfolio still constitute a notional distribution even though it will not be paid in cash. Consequently, it forms part of investors’ gross income as it is subject to tax.

Investors qualifying for exemption from DWT or a reduced rate of DWT per Double Tax Agreement (‘DTA’), will receive, in cash, a distribution amount of the applicable DWT, provided they have completed and timeously
lodged with the relevant intermediary the prescribed declaration and undertaking form.
Failure to do so will result in the dividends tax being withheld in full.
*Investors should seek advice from their tax advisor on whether the tax rate shown is applicable to them.

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 comprise of any interest, it will not be subject to WTI by virtue of the fact that it is Government debt, listed debt instruments and/or bank
South African tax resident investors relating to REITs
**The dividend distribution by a REIT received by South African tax residents must be included in their gross income and will not be exempt in terms of the ordinary dividend exemption in section 10(1)(k)(i)
of the Income Tax Act No. 58 of 1962 (“the Act”) as a result of paragraph (aa) of the proviso thereto which provides that dividends distributed by a REIT are not exempt from income tax.
No dividend withholding tax will be deducted from dividends payable to a South African tax resident qualifying for exemption from dividend withholding tax provided that the investor has provided the
following forms to their Central Securities Depository Participant (“CSDP”) or broker, as the case may be in respect of its participatory interest:
b) a written undertaking to inform their CSDP or broker, as the case may be, should the circumstances affecting the exemption change or the beneficial owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. South African tax resident investors are advised to contact their CSDP or broker, as the case may be, to arrange for the abovementioned
documents to be submitted prior to payment of the distribution, if such documents have not already been submitted.

Non-resident investors for South African income tax purposes
The dividend distribution received by non-resident investors will be exempt from income tax in terms of section 10(1)(k)(i) of the Act, but will be subject to dividend withholding tax. Dividend withholding tax
is levied at a rate of 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (“DTA”) between South Africa and the country of residence of the non-resident
investor.
A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-resident investor has provided the following forms to their CSDP or broker, as the case may be in respect
of its participatory interest:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
b) a written undertaking to inform the CSDP or broker, as the case may be, should the circumstances affecting the reduced rate change or the beneficial owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. Non-resident investors are advised to contact their CSDP or broker, as the case may be, to arrange for the abovementioned documents to
be submitted prior to the payment of the distribution if such documents have not already been submitted.

Additional information:
Number Tax
of securities reference
in issue number

NFEVAL 23 218 416 0460621261

Thursday, 14 October 2021
Sponsor
Vunani Sponsors

Date: 14-10-2021 11:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.


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