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NewFunds Value Equity ETF | South African–Equity–General
Reg Compliant
10.1376    +0.0376    (+0.372%)
NAV price (ZAR) Wed 23 Jun 2021 (change prev day)
 
Technical Details  
 

Formation Date

26 Mar 2018

Fund Size (ZAR)

184 691 199

Domicile

South Africa

Reporting Currency

ZAR

JSE Code

NFEVAL

ISIN

ZAE000252466

Pricing

Daily

Number of unitholders

0

ASISA Category

SA-Equity-General

Benchmark

Absa Wits Risk-Controlled SA Value Index

Income Distributions

-

Income Payment

-

Trustee

Standard Bank of South Africa Limited

Management Company

NewFunds (Pty) Ltd.

Fund Management

NewFunds (Pty) Ltd.

Minimum Investment

R0

Minimum Top-Up

-

Minimum Monthly

no minimum

Risk Rating

High

 
Fund Objective  
 
The NewFunds Value Equity ETF ("the Portfolio") is aimed at providing Investors with diversified exposure to 30 highly liquid constituents securities in the South African equity market that exhibit value characteristics (low price-to-earnings and price-to-book ratios) in their performance by tracking the Absa Wits Risk-Controlled SA Value Index ("the Value Index"), where the constituent security's weights in the Value Index are determined by applying an equal risk contribution weighting scheme. The Value Index was created by Absa Bank Limited (“Absa”) in collaboration with Wits University using their Findata@Wits® database. The ETF is total return in nature therefore all dividends and income received in the Portfolio is reinvested at each income distribution date....Read more
 
Management  
 
NewFunds (Pty) Ltd.
 
Fees and Costs  
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee0.51%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (31/12)0.51%
TER Performance Fee0.00%
Transaction Costs Ratio0.33%
Total TER0.84%

No distributions are available.

 
Distribution
DeclaredPayAmountClassCurrency
 
Statutory Data  
 
Management CompanyNewFunds (Pty) Ltd.
Registration Number2005/034899/07
DirectorsE Dube, B Khoza, A la Grange, A Miller
TrusteeStandard Bank of South Africa Limited
AuditorsKPMG Incorporated
Sponsors-
Advisors-
Physical Address7th Floor Absa Towers West 15 Troye Street Johannesburg 2001
Postal AddressPO Box 5438 Johannesburg 2000
Telephone011-895--5517
Tollfree-
Fax011-895-7832
Email-
Websitehttps://aiss.absa.africa/products/etf
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