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NewFunds GOVI ETF   Summary Fact Sheet
South African--Interest Bearing--Variable Term
 
Technical Overview
Formation Date: 27 Jan 2012
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price
 
Management
 NewFunds (Pty) Ltd.
 
Trinisha Chanka
 
Ann Van Der Westhuizen
 
Ranking
Sector: South African-Interest Bearing-Variable Term
Fund Size: R2 570 274 798 (as at 30 Jun 2021)
Sector Rank: 22 out of 39
(lump sum over 1 years to 31 Aug 2021)
Overall Rank: 589 out of 1345
(lump sum over 1 years to 31 Aug 2021)
R1000 invested on 31 Aug 2020 was worth R1 143.32 on 31 Aug 2021 (14.33% annual compound return)
R100 per month since 31 Aug 2020 was worth R1 296.32 on 31 Aug 2021 (14.18% 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
1. The investment policy of the portfolio shall be to - 1.1. track the Index as closely as possible, to the fullest extent possible, by - 1.1.1. buying only securities in the Index weightings in which they have been included in the Index; and 1.1.2. selling only securities which are excluded from the Index from time to time as a result of the monthly Index reviews or corporate actions, so as to ensure that at all times the portfolio holds constituent securities in the same weightings as they are included in the Index; and 1.2. as a further objective, to manage the securities held by the portfolio to generate income for the benefit of investors. 2. The portfolio shall not buy or sell securities for the purpose of making a profit nor for any purpose other than tracking the Index. 3. Investors may obtain participatory interests in the portfolio on the secondary market or by subscribing for new participatory interests in the portfolio on the primary market. 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. 4. The portfolio will be passively managed in that the manager will not buy and sell securities based on economic, financial and/or market analysis but rather, will buy and sell securities solely for the purpose of ensuring that the portfolio tracks the Index. As such the investment objective and style of the portfolio will be full replication of the Index. 5. The composition of the portfolio will be adjusted periodically to conform to changes in the composition and weightings of the securities in the Index so as to ensure that the composition and weightings of the portfolio are a reflection of the composition and weighting of the securities contained in the Index. 6. The manager shall further be entitled, in its discretion and only on a temporary basis, to employ such other investment techniques and instruments as will most effectively give effect to the object or the investment policies of the portfolio, subject to the provisions of the Deed and the Act from time to time. 7. Assets in liquid form will form a minor part of the Portfolio's assets. 8. 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. 9. Since the manager will not be distributing to investors any income (including coupons) in the portfolio, the manager will disclose in the portfolio supplements that such income will be reinvested in the portfolio. 10. 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 59 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. 11. The manager shall in managing the assets of the portfolio ensure that it is aligned with limits as prescribed by Regulation 28 of the Pension Funds Act, 24 of 1956, to the extent allowed by the Act.
 
Latest Fund Manager Comment / News
The GOVI ETF tracks the total return version of GOVI Index, an index consisting of bonds  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Jun 2021
Share No Units Value (Rm) % of Fund
Totals   0.00 0.00%
 
Comparative Performance
 
Portfolio Structure as at 30 Jun 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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