Final Distribution Announcement for the Quarter Ended 31 December 2019 - NFSWIX: 
NEWFUNDS SWIX 40 EXCHANGE TRADED FUND
PORTFOLIO
Share code: NFSWIX
ISIN: ZAE000163754

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")

FINAL DISTRIBUTION ANNOUNCEMENT FOR THE QUARTER ENDED 31 DECEMBER 2019

Further to the announcement released on SENS on 6 December 2019 regarding the winding up and delisting of the
NewFunds SWIX 40 Exchange Traded Fund Portfolio, NewFunds has today finalised an income distribution to holders
of ETF securities ("investors") recorded as such in the register on Friday, 27 December 2019, for the quarter ended 31
December 2019 as follows:

Alpha code      Dividend/Interest    Foreign/ Local        Gross             Subject to      *Withholding    Net
                                                           Distribution      Withholding     Tax (%)         Distribution
                                                           (Cents per        tax                             (Cents per
                                                           unit)             Yes/ No                         unit)
NFSWIX          Interest             Local                 0.10958           No                              0.10958
                Dividend             Local                 3.95739           Yes             20              3.16591
                Dividend             Foreign1              1.70225           Yes             20              1.36180
                Dividend             REITs**               1.96679           Yes             20              1.57343
                                                           7.73601                                           6.21072


Further details are listed below:
1 Source of monetary funds subject to foreign dividend tax:


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 31 December 2019:

Declaration/ Finalisation date                             Thursday, 19 December 2019
Last day to trade                                          Friday, 20 December 2019
Ex distribution                                            Monday, 23 December 2019
Record date                                                Friday, 27 December 2019
Payment date                                               Monday, 30 December 2019

The distribution will be paid on Monday, 30 December 2019 to all securities holders recorded on the register on
Friday, 27 December 2019.
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 20% 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 Government debt, listed debt instruments and/or bank debt.
 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:
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 15%, 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

NFSWIX                          1 250 000                   9022543228

19 December
2019

Sponsor
Vunani Sponsors

Date: 19-12-2019 01:07:00
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