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NewFunds Shari'ah Top 40 Index ETF Summary Fact Sheet
South African--Equity--Large Cap
 
Technical Overview
Formation Date: 6 Apr 2009
Holdings: 21
Original Price: 237
Pricing System: Forward
 
Price
 
Management
 NewFunds (Pty) Ltd.
 
Ranking
Sector: South African-Equity-Large Cap
Fund Size: R61 800 360 (as at 31 Mar 2021)
Sector Rank: 2 out of 21
(lump sum over 1 years to 31 May 2021)
Overall Rank: 69 out of 1324
(lump sum over 1 years to 31 May 2021)
R1000 invested on 31 May 2020 was worth R1 433.33 on 31 May 2021 (43.33% annual compound return)
R100 per month since 31 May 2020 was worth R1 463.46 on 31 May 2021 (36.21% annual return compounded monthly)
 
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
   
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.
 
Latest Fund Manager Comment / News
The Shari’ah Top 40 Index ETF is an investment instrument created to comply with Islamic  ...more
 
News Archive
Click here for complete news archive for this fund.
 
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%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 2021
Click here for complete portfolio for this fund.
 
Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
Click here for fees and charges for this fund.
 
Sectoral Information
Click here for Sectoral Information for this fund.
 


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