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Sygnia DIVI Index Fund Summary Fact Sheet
South African--Equity--General
 
Technical Overview
Formation Date: 20 Jun 2013
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (A - Class)
 
Management
Iain Anderson, BMath (Hons), CFA
 
Rian Brand, BA, B.Eng (Hons), MBA
 
Ranking
Sector: South African-Equity-General
Fund Size: R42 153 432 (as at 31 Mar 2019)
Sector Rank: 25 out of 171
(lump sum over 1 years to 30 Apr 2019)
Overall Rank: 740 out of 1264
(lump sum over 1 years to 30 Apr 2019)
R1000 invested on 30 Apr 2018 was worth R1 050.35 on 30 Apr 2019 (5.04% annual compound return)
R100 per month since 30 Apr 2018 was worth R1 297.13 on 30 Apr 2019 (14.30% 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 Sygnia DIVI Index Fund ("the Portfolio'') aims to replicate the performance achieved by the FTSE/JSE Dividend Plus Index (Code: J259T) (''the Index'') by buying constituent securities at the same weighting as they are included in the Index. Whenever the Index gets rebalanced by the FTSE/JSE Advisory Committee, the Portfolio will purchase the newly included constituent securities and will sell the constituent securities which were excluded from the Index by the advisory committee and buy or sell the securities that remain in the Index, in order to ensure that the same constituent securities are held by the Fund in the same weightings as those being represented in the Index. No securities will be bought for the sole purpose of making a speculative profit by selling them at a higher price later on unless this is for the purpose of tracking the Index. All purchases and sales of securities are done solely to ensure that the Fund holds all the same constituent securities as the Index in as close as possible weighting as those in the Index. The Portfolio is passively managed, and aims to produce the same level of income as that produced by the Index. The composition of the Portfolio will be compared to the composition of the Index on a daily basis, taking into account any new investment contributions or withdrawals to and from the Portfolio, the receipt of any dividends for reinvestment, the effect of any corporate actions and its impact on the composition of the Portfolio relative to that of the Index. A tracking error minimising algorithm is used to determine the least number of transactions required to keep the Portfolio aligned as closely as practically possible to the Index while at the same time keeping the trading costs in the Portfolio to a minimum. Thus, all cash movements and corporate actions are taken into account daily in order to re-align the Portfolio to match the composition of the Index as closely as practically possible. The Portfolio may trade in futures in order to ensure that there is always sufficient liquidity to meet the Fund's contractual obligations to investors.
 
Latest Fund Manager Comment / News
Sygnia Divi Index - Nov 2018
MARKET PERFORMANCE
The third quarter of 2018 marked the 11th anniversary of the  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 31 Mar 2019
Share No Units Value (Rm) % of Fund
BHP 8 161 2.84 6.73%
OMUTUAL 106 000 2.32 5.50%
ARM 13 592 2.31 5.47%
KUMBA 4 324 1.86 4.41%
LIB-HOLD 18 203 1.84 4.36%
Totals   11.16 26.47%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 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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