Interest Distribution And Re-Investment Announcement For Quarter End 30 September 2020 - ETFBND

1NVEST SA BOND ETF ("ETFSBOND")(being a portfolio under the STANLIB ETF Collective Investment
Scheme registered in the Republic of South Africa in terms of the Collective Investment Schemes Control Act
“CISCA”)
Share Code: ETFBND
Abbreviated Name: ETFSBOND
ISIN: ZAE000265625
("ETFSBOND")


INTEREST DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR QUARTER END 30 SEPTEMBER 2020

The manager of the STANLIB ETF Collective Investment Scheme (“the Manager”) has finalised a quarterly
distribution to Securities Holders for the quarter ended 30 September 2020 ("the Distribution") in an
amount of 162.99 cents per ETFSBOND ETF security. The distribution will be constituted as follows:

                                                            ETFBND
Cents per ETF security, comprising of Interest              162.99


Investors are advised that the distribution amount will not comprise of any dividends, therefore no
dividend tax will be applicable to the distribution amount.

Holders of the ETF securities should note the following dates in relation to the distribution:

Last day to trade cum distribution:                  Tuesday,27 October 2020
Securities trade ex distribution:                    Wednesday,28 October 2020
Record date:                                         Friday,30 October 2020
Payment date:                                        Monday,02 November 2020

In accordance with the investment policy of the ETFs, the distribution will be re-invested on behalf of
investors via the purchase by the ETF of additional Constituent Securities, or Index Constituents, (as
defined in the relevant Portfolio Supplement) in the appropriate weightings, thereby increasing the net
asset value of the ETF and, proportionately increasing the value of each ETF security.


The distribution 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.

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.

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 maybe 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.



Johannesburg
21 October 2020
Sponsor
The Standard Bank of South Africa Limited

Date: 21-10-2020 05:02:00
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