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31.34  /  2.64%

1189.18

NAV on 2020/05/28
NAV on 2020/05/27 1157.84
52 week high on 2019/06/20 1436.49
52 week low on 2020/03/23 856.83
Total Expense Ratio on 2020/03/31 0.59
Total Expense Ratio (performance fee) on 2020/03/31 0
NAV Incl Dividends
1 month change 3.83% 3.83%
3 month change 0.17% 0.17%
6 month change -12.48% -10.83%
1 year change -8.65% -5.19%
5 year change -6.02% -2.55%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 37.81 26.93%
Consumer Goods 8.14 5.80%
Consumer Services 26.90 19.16%
Financials 42.72 30.43%
Health Care 4.00 2.85%
Industrials 3.23 2.30%
Liquid Assets 0.88 0.62%
Technology 9.04 6.44%
Telecommunications 7.67 5.46%
  • Top five holdings
 BHP 4.77 3.4%
 PROSUS 4.72 3.36%
 SHOPRIT 4.55 3.24%
 ANGGOLD 4.51 3.22%
 SPAR 4.40 3.13%
  • Performance against peers
  • Fund data  
Management company:
Satrix Managers (Pty) Ltd.
Formation date:
2010/10/01
ISIN code:
ZAE000181483
Short name:
U-SMTOP40
Risk:
Unknown
Sector:
South African--Equity--Large Cap
Benchmark:
FTSE/JSE Equally Weighted Top 40 Index (J110) (gross of fees)
Contact details

Email
rickm@satrix.co.za

Website
http://www.satrix.co.za

Telephone
011-784-0641

  • Fund management  
Helena Conradie
Satrix Investment Team


  • Fund manager's comment

2020/02/28 00:00:00
This is a pure equity fund which tracks the performance of the FTSE/JSE Equally Weighted Top 40 index. The appeal for an investor is the alternate weighting methodology to the traditional FTSE/JSE Top 40, which is a market cap weighted index. This fund is rebalanced quarterly.
  • Fund focus and objective  
The investment objective of this index tracker portfolio will be to focus on capital growth and achieving a compound annual return which will equate to the total compound annual return of the FTSE/JSE Equally Weighted Top 40 Index (J110) as adjusted to take into account transactions and other costs, and to comply with statutory requirements. Income generation will not be an objective of this portfolio. The Manager shall seek to achieve this objective by investing in assets in liquid form and securities that will consist of a selection of financially sound ordinary shares, to be acquired at fair market price, as included in the FTSE/JSE Equally Weighted Top 40 Index at proportions so determined as to best replicate the performance of the FTSE/JSE Equally Weighted Top 40 Index. This portfolio will be fully invested in equities subject to statutory investment limitations.The combination of shares will enable the investment manager to track the performance of the FTSE/JSE Equally Weighted Top 40 Index. This index comprises 40 shares in equal weightings of 2,5% each. When investing in derivatives, the Manager will adhere to prevailing derivative regulations. The Manager will be permitted to hold offshore investments as legislation permits. This will be applicable in cases where the portfolio is exposed to a corporate event resulting in a share being inward listed where such share forms part of the FTSE/JSE Equally Weighted Top 40 Index.
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