Page 25 - Profile's Stock Exchange Handbook 2022 Issue 1

Exchange Traded Funds (ETFs) on the JSE Profile’s Stock Exchange Handbook: 2022 – Issue 1

Listed ETFs on the JSE (by Market Cap at 30 September 2021)
Market
Product Product Type Product Structure Index Tracked Cap (Rm)
CoreShares Scientific Beta Multi Factor ETF “Style” index Equally weighted Scientific Beta CS South Africa 120
6FEW Index
CoreShares SA Dividend Aristocrats ETF “Style” index Equally weighted S&P South Africa Dividend 117
Aristocrats Index
NewFunds ILBI ETF Sectoral access Market cap-weighted ILBI index 106
1NVEST S&P 500 Index Feeder ETF Foreign index Market cap-weighted S&P 500 Index 90
NewFunds S&P GIVI SA Top 50 ETF Fundamental index Enhanced fundamental S&P GIVI SA Top 50 Index 78
accounting factors
NewFunds Volatility Managed High Growth “Style” index Enhanced fundamental NewFunds/Absa Volatility 73
Equity ETF accounting factors Manager SA Growth Equity Index
Satrix Quality South Africa ETF Fundamental index Fundamental accounting S&P Quality South Africa Index 65
factors
1NVEST SA Bond ETF Broad market access Market cap-weighted SA Bond Index 58
NewFunds Shari’ah Top 40 Index ETF “Style” index Market cap-weighted FTSE/JSE Shari’ah Top 40 index 58
NewFunds Volatility Managed Moderate “Style” index Enhanced fundamental NewFunds/Absa Volatility 54
Equity ETF accounting factors Managed SA Moderate Equity
Index
NewFunds Volatility Managed Defensive “Style” index Enhanced fundamental NewFunds/Absa Volatility 53
Equity ETF accounting factors Managed SA Defensive Equity
Index
Satrix Global Aggregate Bond Feeder ETF Foreign index Market cap-weighted Bloomberg Barclays Global 52
Aggregate
NewFunds MAPPS™ Protect ETF Broad market access Market cap-weighted MAPPS Protect Index 45
NewFunds MAPPS™ Growth ETF Broad market access Market cap-weighted MAPPS Growth Index 43
1NVEST Global Government Bond Index Foreign index Market cap-weighted FTSE G7 Government Bond Index 42
Feeder ETF
Satrix Global Infrastructure Feeder ETF Foreign index Market cap-weighted FTSE Global Core Infrastructure 40
Index
Satrix Momentum ETF “Style” index Enhanced fundamental Satrix Momentum Index 32
accounting factors
Satrix Inclusion and Diversity ETF “Style” index Market cap-weighted Refinitiv Satrix South Africa 13
Inclusion & Diversity Index
Cloud Atlas AMI Big50 ex-SA ETF Foreign index Enhanced fundamental Cloud Atlas AMI Big50 Ex-SA 5
accounting factors index
Total 109971

Exchange Traded Funds ( ETFs) on the JSE
Purchase Options and Costs
Transaction Costs
MostoftheETFslistedontheJSEarealsoregisteredasCollectiveInvestmentSchemes(CISs). Thismeansthat
investors often have three options when it comes to buying ETFs: on the open market (via a stockbroker),
through the management company (only an option for very large transactions), or via an ‘investment plan’
(often run by an appointed agent).
Shares (or ‘units’ in CIS parlance) are sold by management companies at net asset value. The cost of ETFs
on the open market is determined by supply and demand, but arbitrage ensures that the difference between
the NAV and the market price is never very large (usually less than 0.5%).
Usual JSE dealing costs apply if you buy ETFs through a stockbroker (ie, brokerage, Strate fees and the
investor protection levy). Brokerage is the biggest component and depends on the broking firm (JSE
Dealing Costs). Transaction costs, in total, are typically between 0.5% and 1.25% via a stockbroker.

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