Listing of the Satrix Global Aggregate Bond Feeder ETF Referencing the Bloomberg Barclays Global Aggregate Index
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX GLOBAL AGGREGATE BOND FEEDER PORTFOLIO
JSE Code: STXGBD
ISIN: ZAE000289526
("Satrix Global Bond" or the "Portfolio")
A portfolio in the Satrix Collective Investment Scheme, registered
as such in terms of the Collective Investment Schemes Control Act,
45 of 2002.
LISTING OF THE SATRIX GLOBAL AGGREGATE BOND FEEDER PORTFOLIO AND THE
SCHEME REFERENCING THE BLOOMBERG BARCLAYS GLOBAL AGGREGATE INDEX ON
THE MAIN BOARD OF THE JSE LIMITED (“JSE”) IN THE EXCHANGE TRADED
FUND SECTOR.
This announcement is issued for information purposes only relating
to the listing of the portfolio on the JSE.
1. Introduction
Satrix Global Aggregate Bond participatory interests provides the
investor diversified exposure to the global fixed income market with
direct investment in government, government –related, corporate and
securitized bonds.
2. Listing approval
Approval for the listing of the participatory interest in the
portfolio was granted by the JSE on 05 August 2020.
3. Summary of the offer
3.1. Issuer
Satrix Global Aggregate Bond, a portfolio in the Satrix
Collective Investment Scheme in Securities, registered in
terms of the Collective Investment Schemes Control Act, No 45
of 2002.
3.2. ISIN: ZAE000289526
3.3. Share code: STXGBD
3.4. Long name: Satrix Global Bond ETF
3.5. Abbreviated name: SATRIXGBD
3.6. Index
The Bloomberg Barclays Global Aggregate Index is a flagship
measure of global investment grade debt from twenty four local
currency markets. This multi-currency benchmark includes
treasury, government-related, corporate and securitized fixed
rate bonds from both developed and emerging markets issuers.
There are four regional aggregate benchmarks that largely
comprise the Global Aggregate Index: the US Aggregate
(USD300mn), The Pan-European Aggregate, the Asian-Pacific
Aggregate, and the Canadian Aggregate Indices. The Global
Aggregate Index also includes Eurodollar, Euro-Yen, and 144A
Index eligible securities, and debt from five local currency
markets not tracked by the regional aggregate benchmarks (CLP,
MXN, ZAR, ILS and TRY). A component of Multiserve Index, the
Global Aggregate Index was created in 2000, with index history
backfilled to January 1, 1990.
3.7. Distribution or accounting period
The underlying fund distributes the income from the
constituents of the index bi-annually. The Satrix Global
Aggregate Bond Feeder Fund will distribute the income bi-
annually in the 6 month period in which the underlying fund
distribution is received. The bi-annual distributions will be
for the period ending March and September in each year, or
such other date as may be determined by the Manager in
consultation with the Trustees from time to time and as
announced on SENS.
3.8. The ramp up period
It is the period during which the manager will procure the
acquisition of baskets with the cash proceeds from the private
placement and will be announced at the close of the offer.
4. Salient dates and times
4.1. Opening date of the initial offer at 09:00 on Thursday, 06
August 2020
4.2. Closing date of the initial offer at 12:00 on Friday, 07
August 2020
4.3. Ramp up period in respect of cash subscriptions commences on
Tuesday, 11 August 2020
4.4. Publication of announcement on SENS as to the results of the
initial offer on Friday, 14 August 2020
4.5. Listing date at 9:00 on Wednesday, 19 August 2020
5. Copies of the supplement to the programme memorandum
A supplement to the programme memorandum detailing this private
placement is available on the website of the Satrix Collective
Investment Scheme on www.satrix.co.za
6 August 2020
Satrix Managers (RF) Pty Limited
Sponsor
Vunani Sponsors
Date: 06-08-2020 08:21:00
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