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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.
 
Ranking
Sector: South African-Equity-Large Cap
Fund Size: R1 059 831 658 (as at 30 Sep 2019)
Sector Rank: 13 out of 22
(lump sum over 1 years to 30 Nov 2019)
Overall Rank: 273 out of 929
(lump sum over 1 years to 30 Nov 2019)
R1000 invested on 30 Nov 2018 was worth R1 108.97 on 30 Nov 2019 (10.90% annual compound return)
R100 per month since 30 Nov 2018 was worth R1 200.41 on 30 Nov 2019 (0.06% 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
Fund Name Changed
The STANLIB Top 40 ETF will change it's name to 1NVEST Top 40 ETF, effective from 01  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
NASPERS-N 77 993 179.00 16.89%
BHP 377 429 122.72 11.58%
RICHEMONT 921 226 102.88 9.71%
ANGLO 229 011 80.55 7.60%
STANBANK 231 209 40.39 3.81%
Totals   525.54 49.59%
 
Comparative Performance
 
Portfolio Structure as at 30 Sep 2019
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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