ASHT40 Index rebalance: 
ASHT40 Index rebalance

Ashburton Top 40 ETF
A portfolio in the Ashburton Collective Investment Scheme (“the portfolio”) registered in terms of the
Collective Investment Schemes Control Act, 45 of 2002
Share Code: ASHT40
ISIN: ZAE000215364
(“ASHTOP40”)


REBALANCING OF THE ASHBURTON TOP 40 ETF


Notice is hereby given that the quarterly review of the FTSE/JSE Top 40 Index has resulted in a rebalancing
of the Ashburton Top 40 ETF.

There have been changes to the Ashburton Top 40 ETF constituent weightings.

The complete list of current constituents and their respective weightings have been included in the table
below:

 Share Code     Share                                Previous Weight  New Weight
 ABG            ABSA GROUP LTD                                  1.39%       1.40%
 AGL            ANGLO AMERICAN PLC                              6.67%       6.72%
 AMS            ANGLO AMERICAN PLATINUM                         0.68%       0.69%
 ANG            ANGLOGOLD ASHANTI                               2.69%       2.72%
 APN            ASPEN PHARMACARE HLD                            0.91%       0.91%
 BHP            BHP GROUP PLC                                  11.08%      11.17%
 BID            BID CORPORATION LIMITED                         1.47%       1.49%
 BTI            BRIT AMERICA TOBACO                             3.54%       3.52%
 BVT            BIDVEST GROUP LTD                               1.25%       1.26%
 CFR            COM FINANCE RICHMONT SA                        11.21%      11.30%
 CLS            CLICKS GROUP LTD                                1.43%       1.38%
 CPI            CAPITEC BANK HOLDING                            1.09%       1.10%
 DSY            DISCOVERY LTD                                   0.55%       0.56%
 FSR            FIRSTRAND LTD                                   2.60%       2.62%
 GFI            GOLD FIELDS LIMITED                             1.56%       1.57%
 GRT            GROWTHPOINT PROPS LTD                           0.83%       0.83%
 IMP            IMPALA PLATINUM HOLDINGS                        0.99%       1.00%
 INL            INVESTEC LIMITED                                0.20%       0.20%
 INP            INVESTEC PLC                                    0.41%       0.42%
 MCG            MULTICHOICE GROUP LTD                           0.89%       0.90%
 MNP            MONDI PLC                                       2.90%       2.92%
 MRP            MR PRICE GROUP LTD                              0.60%       0.61%
 MTN            MTN GROUP LTD                                   1.70%       1.72%
 NED            NEDBANK GROUP LTD                               0.89%       0.89%
 NHM            NORTHAM PLATINUM LTD                            0.00%       0.49%
 NPN            NASPERS LTD-N SHS                              22.05%      22.23%
 NRP            NEPI ROCKCASTLE PLC                             0.58%       0.58%
 OMU            OLD MUTUAL LTD                                  1.21%       1.22%
 PRX            PROSUS                                          3.82%       3.25%
 RDF            REDEFINE PROP LTD                               0.28%       0.28%
 REM            REMGRO LIMITED                                  1.42%       1.43%
 RMH            RMB HOLDINGS LIMITED                            0.76%       0.77%
 RNI            REINET INVESTMENTS SCA                          0.00%       0.90%
 SBK            STANDARD BANK GROUP LTD                         2.92%       2.95%
 SHP            SHOPRITE HLDS LTD                               1.33%       1.34%
 SLM            SANLAM LIMITED                                  2.19%       2.20%
 SOL            SASOL LTD                                       0.38%       0.38%
 SPP            SPAR GROUP                                      0.82%       0.83%
 SSW            SIBANYE STILLWATER LTD                          0.98%       0.99%
 VOD            VODACOM GROUP                                   1.67%       1.69%
 WHL            WOOLWORTHS HLDS LTD                             0.63%       0.58%




The following constituents have been added to the Ashburton Top 40 ETF:


 Share Code     Share                             Previous weight         New weight
 NHM            NORTHAM PLATINUM LTD                            0.00%        0.49%
 RNI            REINET INVESTMENTS SCA                          0.00%        0.90%



The following constituents have been removed from the Ashburton Top 40 ETF:

 Share Code      Share                               Previous weight    New weight
 N91             NINETY-ONE PLC                                   0.23%       0.00%
 NY1             NINETY-ONE LTD                                   0.10%       0.00%
 TBS             TIGER BRANDS LIMITED                             0.67%       0.00%
 TFG             THE FOSCHINI GROUP LTD                           0.42%       0.00%


These changes were applied after the close of business on 20/03/2020 and are effective from 23/03/2020.

The new portfolio constituents can be accessed at: https://www.ashburtoninvestments.com/za/individual-
investor/basket-information/ashburton-top-40-etf/ZAE000215364


24 March 2020
Johannesburg

Date: 24-03-2020 03:45:00
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