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1NVEST Top 40 ETF Summary Fact Sheet
South African--Equity--Large Cap
 
Technical Overview
Formation Date: 18 Oct 2010
Holdings: 42
Original Price: 2689
Pricing System: Forward
 
Price (A - Class)
 
Management
Ryan Basdeo, BCom, (Taxation), MBA (Wits), Registered Security Trader
After beginning his career as a financial accountant in the employee benefits industry, Ryan joined STANLIB Asset Management in their Institutional Pricing team in 2008. He got experience in the Offshore Trades Processing team from 2010, before moving on to Alternative Investments as market maker for the ETFs and executing trades for the index-tracking funds, as well as assistance with portfolio management. He was appointed a Portfolio Manager in 2017. Ryan has a BCom in Taxation degree, is a JSE Registered Securities Trader, as well as a Registered Bond Trader and has been awarded a MBA from Wits Business School.
 
Ann Sebastian, BSc (Hons), (Advanced Mathematics of Finance)
Possessing a very strong academic record and a passion for financial markets, Ann joined the Beta Quants team in 2012. As a quantitative analyst, she specialises in asset allocation, portfolio construction, investment risk management and multi-factor risk modelling. She is currently a Portfolio manager at STANLIB Index Investments
responsible for the management of R 22 billion across quantitative enhanced index funds, smart beta funds, completion strategies and index tracking fund across a number of asset classes. Ann studied at Wits University, where she took a BSc in Mathematical Sciences with double majors in Pure Mathematics and Economic Sciences. She then went on to do her BSc honours degree studying Advanced Mathematics of Finance. She is currently studying towards a MSc in Statistical Science from UCT where her thesis covers "Tactical Asset Allocation with Flexible Investor Views".
 
Ranking
Sector: South African-Equity-Large Cap
Fund Size: R802 577 916 (as at 31 Mar 2021)
Sector Rank: 6 out of 21
(lump sum over 1 years to 31 May 2021)
Overall Rank: 150 out of 1324
(lump sum over 1 years to 31 May 2021)
R1000 invested on 31 May 2020 was worth R1 357.94 on 31 May 2021 (35.79% annual compound return)
R100 per month since 31 May 2020 was worth R1 415.05 on 31 May 2021 (30.13% 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
The investment policy of the portfolio shall be to replicate the FTSE/JSE Top 40 Index as closely as possible by, apart from holding assets in a liquid form -
Buying only securities included in the Index, in the weightings in which they have been Included in the Index; and

Selling only securities which are excluded from the Index from time to time as a result of corporate actions or quarterly Index reviews, so as to ensure that at all times the portfolio holds securities included in the Index in the same weightings as they are included in the Index; or

Trading in derivative instruments, as permissible in terms of the Act, to replicate the Index.

The sole purpose of buying and selling securities in the portfolio is to ensure Index tracking and not a profit motive. The manager will therefore not buy or sell securities based on economic, financial, investment judgement or any market analysis. The objective of the portfolio is solely full Index replication. The composition of the portfolio will be adjusted quarterly or at any other time that the Index provider, FTSE/JSE affect changes to the index.

The portfolio shall hold securities purely for the economic rights and benefits attaching thereto and, accordingly, if there is a takeover bid or other corporate actions occurs in relation to any entity the securities of which are included in the portfolio, the portfolio shall not surrender any securities held by the portfolio which may be subject to such takeover bid or other corporate action, unless such surrender is mandatory in terms of any applicable law or under the rules of a regulatory authority or body having jurisdiction over the portfolio and/or the applicable securities. However if any takeover or corporate action results in an entity previously included in the Index no longer qualifying for inclusion in the Index, any securities in such entity held by the portfolio, shall be disposed of by the portfolio and the proceeds derived from such disposal shall be applied in effecting the appropriate adjustments to the portfolio so as to ensure same tracks the Index.

The portfolio's ability to replicate the price and income performance will be affected by the cost and expenses incurred by the portfolio.
 
Latest Fund Manager Comment / News
1NVEST Top 40 EFT - Dec 19
The fund performed in-line with the index over the quarter. The last quarterly review of  ...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
NASPERS-N 46 377 163.79 20.41%
BHP 231 924 99.15 12.35%
RICHEMONT 559 895 79.75 9.94%
ANGLO 135 634 78.77 9.81%
FIRSTRAND 538 497 27.80 3.46%
Totals   449.26 55.97%
 
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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