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db x-trackers MSCI World Index ETF Summary Fact Sheet
Global--Equity--General
 
Technical Overview
Formation Date: 1 Apr 2008
Holdings: 1 001
Original Price: 1185
Pricing System: Forward
 
Price
 
Management
 db x-trackers (Proprietary) Ltd.
 
Ranking
Sector: Global-Equity-General
Fund Size: R3 647 045 354 (as at 31 Dec 2016)
Sector Rank: 10 out of 46
(lump sum over 1 years to 31 Mar 2017)
Overall Rank: 345 out of 1111
(lump sum over 1 years to 31 Mar 2017)
R1000 invested on 31 Mar 2016 was worth R1 049.70 on 31 Mar 2017 (4.97% annual compound return)
R100 per month since 31 Mar 2016 was worth R1 248.64 on 31 Mar 2017 (7.32% 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
ETF - Local CIS with 100% investment in foreign equities as approved by the FSB

The investment policy of the portfolio shall be to track the Index as closely as possible.

The portfolio shall not buy or sell constituent securities, any other securities or financial instruments for the purpose of making a profit, nor for any purpose other than tracking the Index.

As a secondary objective, securities held by the portfolio from time to time may be utilised to generate income for the benefit of investors, provided that such activities do not conflict with the investment policy as stated in the clauses above.

Investors can obtain participatory interests in the portfolio by acquiring participatory interests on the secondary market or subscribing for participatory interests in the portfolio. In order to achieve this object the manager may, subject to the Act and the Deed create and issue an unlimited number of participatory interests in the portfolio.

The portfolio will not be managed according to traditional methods of active management, which involve the buying and selling of securities based on economic, financial and market analysis and investing judgment. Instead the investment objective and style will be full replication of the Index. As a result the financial or other condition of any company or entity included from time to time in the Index will not result in the elimination of its securities from the portfolio unless the securities of such company or entity are removed from the Index itself.

The portfolio shall also be entitled, in its discretion, to employ such investment strategies as will most effectively give effect to the investment policies of the portfolio.

The composition of the portfolio will be adjusted periodically to conform to changes in the composition and weighting of the securities in the Index so as to ensure that the composition and weighting of the scheme's portfolio are a reflection of the composition and weighting of the securities contained in the Index.

The portfolio will hold securities purely for the economic rights and benefits attaching thereto, and accordingly if a takeover bid is made for shares of a company included in the Index, the portfolio will not tender shares in respect thereof. Securities held by the portfolio which are subject to a takeover bid will only be surrendered if such surrender is mandatory (and then only to the extent of such mandatory surrender) in terms of applicable law or under the rules of a regulatory authority or body having jurisdiction. If a takeover bid results in a company no longer qualifying for inclusion in the Index, any shares of the company held by the portfolio after the takeover bid will be disposed of by the portfolio, and the proceeds will be applied in effecting the appropriate adjustments to the portfolio.

To the extent necessary for the purposes of achieving its investment policies, the portfolio may hold assets in liquid form. Any assets held in liquid form may be invested in short?term investments such as banker's acceptances and certificates of deposit.

The portfolio's ability to replicate the price and yield performance of the Index will be affected by the costs and expenses incurred by the portfolio.

Any material change in the investment policy of the portfolio shall constitute an amendment of the Deed, and shall be subject to the provisions of clause 65 of the Deed, in which event investors shall be given reasonable notice to enable them to redeem their participatory interest prior to implementation of the change.
 
Top Holdings on 31 Dec 2016
Share No Units Value (Rm) % of Fund
APPLE 42 567 67.42 1.85%
MICROSOFT 59 106 50.23 1.38%
EXXONMOBIL 32 431 40.03 1.10%
JOHNSON&JOHN 21 428 33.76 0.93%
JPMORGAN 28 156 33.22 0.91%
Totals   224.66 6.16%
 
Comparative Performance
 
Portfolio Structure as at 31 Dec 2016
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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