Distribution and Re-Investment Announcement For The Quarter Ended 30 September 2019 - NFEMOM: 
NEWFUNDS EQUITY MOMENTUM EXCHANGE TRADED FUND PORTFOLIO
Share code: NFEMOM
ISIN: ZAE000162236

Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment
Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07)
("NewFunds")

DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR THE QUARTER ENDED 30 SEPTEMBER 2019
NewFunds has today finalised a distribution to holders of ETF securities ("investors") recorded as such in the register on Friday, 1
November 2019, for the quarter ended 30 September 2019 as follows:

Alpha code          Dividend/Interest     Foreign/ Local      Gross                Subject to          *Withholding       Net
                                                              Distribution         Withholding tax     Tax (%)            Distribution
                                                              (Cents per unit)     Yes/ No                                (Cents per unit)

NFEMOM              Interest              Local               0.16780              No                                     0.16780
                    Dividend              Local               27.34802             Yes                 20                 21.87842
                    Dividend              Foreign1            6.79456              Yes                 20                 5.43564
                    Dividend              REITs**             22.62805             Yes                 **20               18.10244
                                                              56.93843                                                    45.58430

Further details are listed below:
1
 Source of foreign taxable dividends:
United Kingdom                                                                               100.00%


Notice is hereby given that the following dates are of importance in regard to the distribution by the above ETF for the quarter ended
30 September 2019:
Declaration/ Finalisation date                                Wednesday, 23 October 2019
Last day to trade                                             Tuesday, 29 October 2019
Ex distribution                                               Wednesday, 30 October 2019
Record date                                                   Friday, 1 November 2019
Payment date                                                  Monday, 4 November 2019

The distribution will be paid on Monday, 4 November 2019 to all securities holders recorded on the register on Friday, 1
November 2019.
In accordance with the investment policy of the portfolio, the distribution (net of dividend withholding tax as detailed above) will be re-
invested on behalf of investors through the purchase of securities comprising the Index in accordance with the calculation
methodology of the total return version of this Index, thereby increasing the net asset value of the portfolio and, proportionately, each
ETF security.
The distribution (Net of dividend withholding tax) should:

- be added to the base cost of each ETF security for capital gains tax purposes; or
- where the ETF securities are held as trading stock be regarded as part of the cost of acquiring an ETF security.

Reinvestments into the portfolio still constitute a notional distribution even though it will not be paid in cash. Consequently, it forms
part of investors' gross income as it is subject to tax.
Investors qualifying for exemption from DWT or a reduced rate of DWT per Double Tax Agreement ("DTA"), will receive, in cash, a
distribution amount of the applicable DWT, provided they have completed and timeously lodged with the relevant intermediary the
prescribed declaration and undertaking form.
Failure to do so will result in the dividends tax being withheld in full.

Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

Interest accruing from a South African source to a non-resident, excluding a controlled foreign company, will be subject to withholding
tax at a rate of 15% on payment, except interest,

* arising on any Government debt instrument
* arising on any listed debt instrument
* arising on any debt owed by a bank or the South African Reserve Bank
* arising from a bill of exchange or letter of credit where goods are imported into South Africa and where an authorized dealer has
certified such on the instrument
* payable by a headquarter company
* accruing to a non-resident natural person who was physically present in South Africa for a period exceeding 183 days in aggregate,
during that year, or carried on a business through a permanent establishment in South Africa

Investors are advised that to the extent that the distribution amount comprise of any interest, it will not be subject to WTI by
virtue of the fact that it is listed debt instruments and/or bank debt.
*Investors should seek advice from their tax advisor on whether the tax and rate shown is applicable to them.

South African tax resident investors relating to REITS
**The dividend distribution by a REIT received by South African tax residents must be included in their gross income and
will not be exempt in terms of the ordinary dividend exemption in section 10(1)(k)(i) of the Income Tax Act No. 58 of 1962
("the Act") as a result of paragraph (aa) of the proviso thereto which provides that dividends distributed by a REIT are not
exempt from income tax.
No dividend withholding tax will be deducted from dividends payable to a South African tax resident qualifying for
exemption from dividend withholding tax provided that the investor has provided the following forms to their Central
Securities Depository Participant ("CSDP") or broker, as the case may be in respect of its participatory interest:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written undertaking to inform their CSDP or broker, as the case may be, should the circumstances affecting the
exemption change or the beneficial owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. South African tax resident investors are advised to
contact their CSDP or broker, as the case may be, to arrange for the abovementioned documents to be submitted prior to
payment of the distribution, if such documents have not already been submitted.

Non-resident investors for South African income tax purposes
The dividend distribution received by non-resident investors will be exempt from income tax in terms of section 10(1)(k)(i) of
the Act, but will be subject to dividend withholding tax. Dividend withholding tax is levied at a rate of 20%, unless the rate is
reduced in terms of any applicable agreement for the avoidance of double taxation ("DTA") between South Africa and the
country of residence of the non-resident investor.
A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-resident investor has
provided the following forms to their CSDP or broker, as the case may be in respect of its participatory interest:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
b) a written undertaking to inform the CSDP or broker, as the case may be, should the circumstances affecting the reduced
rate change or the beneficial owner cease to be the beneficial owner, both in the form prescribed by the South African
Revenue Service. Non-resident investors are advised to contact their CSDP or broker, as the case may be, to arrange for the
abovementioned documents to be submitted prior to the payment of the distribution if such documents have not already
been submitted.

Both resident and non-resident investors are encouraged to consult their professional advisors should they be in any doubt as to the
appropriate action to take.

Additional information:
                        Number                 Tax
                      of securities         reference
                        in issue             number

NFEMOM                  5 590 250          9400119179

23 October 2019

Sponsor
Vunani Corporate Finance

Date: 23/10/2019 08:00:00
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