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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
 NewFunds (Pty) Ltd.
Sector: South African-Equity-Large Cap
Fund Size: R59 048 385 (as at 30 Jun 2021)
Sector Rank: 3 out of 21
(lump sum over 1 years to 31 Aug 2021)
Overall Rank: 171 out of 1345
(lump sum over 1 years to 31 Aug 2021)
R1000 invested on 31 Aug 2020 was worth R1 275.98 on 31 Aug 2021 (27.60% annual compound return)
R100 per month since 31 Aug 2020 was worth R1 380.81 on 31 Aug 2021 (25.69% 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
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Top Holdings on 30 Jun 2021
Share No Units Value (Rm) % of Fund
BHP 42 670 18.02 30.51%
ANGLO 25 033 14.25 24.14%
IMPLATS 15 990 3.77 6.38%
MONDIPLC 9 793 3.68 6.24%
SIBANYE-S 59 060 3.52 5.97%
Totals   43.24 73.23%
Comparative Performance
Portfolio Structure as at 30 Jun 2021
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Dividend Data
Click here for Dividend History for this fund.
Fees and Charges
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Sectoral Information
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