1NVEST Swix 40 ETF  
South African--Equity--Large Cap
Focus and Objective
The investment policy of the portfolio shall be to replicate the FTSE/JSE Swix 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.

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.
Ann Sebastian, BSc (Hons), (Advanced Mathematics of Finance)
Possessing a very strong academic record and a passion for financial markets, Ann joined the Beta Quants team in 2012. As a quantitative analyst, she specialises in asset allocation, portfolio construction, investment risk management and multi-factor risk modelling. She is currently a Portfolio manager at STANLIB Index Investments
responsible for the management of R 22 billion across quantitative enhanced index funds, smart beta funds, completion strategies and index tracking fund across a number of asset classes. Ann studied at Wits University, where she took a BSc in Mathematical Sciences with double majors in Pure Mathematics and Economic Sciences. She then went on to do her BSc honours degree studying Advanced Mathematics of Finance. She is currently studying towards a MSc in Statistical Science from UCT where her thesis covers "Tactical Asset Allocation with Flexible Investor Views".
Comparative Performance - A Class
Technical Overview
Formation Date: 18 Oct 2010
Benchmark: FTSE/JSE SWIX 40 Index (J400T)
Holdings: 43
Unit Holders: 1
Original Price: 572
Pricing System: Forward
Income Decl: 14/04,14/07,20/10,19/01
Income Pay: 20/04,20/07,26/10,25/01
Minimum Lump Sum: R1 000
Minimum Monthly: R300
Risk Rating: High
Dividend Yield A Class
Vertical lines represent dividends.
Dividend History - A Class (last 3 years)
19 Jul 2022 12.72c
19 Apr 2022 10.62c
18 Jan 2022 5.61c
19 Oct 2021 18.51c
13 Jul 2021 4.90c
12 Apr 2021 9.56c
13 Jan 2021 2.12c
12 Oct 2020 5.75c
10 Jul 2020 9.58c
8 Apr 2020 4.47c
8 Jan 2020 5.06c
22 Oct 2019 9.83c
5 Jul 2019 9.68c
5 Apr 2019 7.70c
4 Jan 2019 4.88c

TER, Class-A (30 Jun 2022): 0.29%
Perf Fee TER, Class-A (30 Jun 2022): 0%
Annual, Class-A: 0.288%
Performance, Class-A: n/a
Top Holdings on 30 Jun 2022
Share No Units Value (Rm) % of Fund
NASPERS-N 73 179 173.27 10.95%
FIRSTRAND 1 709 513 106.62 6.74%
ANGLO 145 718 84.59 5.35%
MTN GROUP 620 164 81.89 5.18%
PROSUS 74 755 78.88 4.99%
Totals   525.24 33.20%

Asset Allocation
Sectoral Breakdown
1NVEST Swix 40 ETF - A Class
Price - A Class
Performance to 8 Aug 2022
R1 000 Lumpsum (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 4.72% 1 047.20 1 031.20
6 Months -4.90% 951.00 1 056.90
1 Year 5.85% 1 058.50 1 080.60
3 Years 8.44% 1 275.30 1 175.40
5 Years 4.76% 1 261.90 1 288.30
10 Years 8.94% 2 353.80 1 705.30
R100 per Month (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 3.73% 307.52 306.78
6 Months -2.29% 592.04 621.25
1 Year 1.44% 1 209.40 1 263.54
3 Years 8.75% 4 129.84 3 964.99
5 Years 6.37% 7 080.81 6 843.33
10 Years 6.31% 16 751.68 15 288.06
* Values for periods greater than one year are annualised
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