| Focus and Objective |
Satrix Momentum ETF is an index tracking fund, registered as a Collective Investment Scheme, and is listed on the Johannesburg Stock Exchange as an Exchange Traded Fund. The mandate of the Satrix Momentum ETF ("Satrix Momentum") is to track, as closely as possible, the value of the proprietary Satrix Momentum Index.
It aims to capture the return of the equity market enhanced by the momentum risk premium. This is achieved by constructing a portfolio tilted towards stocks (or equities) that display positive momentum characteristics and away from stocks that display negative momentum characteristics.
The index is rebalanced 8 times a year. In order to reduce costs and minimise tracking error, Satrix Momentum ETF may engage in scrip lending activities with SIM and Investec. Manufactured (taxable) dividends could arise from such transactions.
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| Management |
| Satrix Investment Team |
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| Comparative Performance - A Class |
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| Technical Overview |
| Formation Date: |
16 Nov 2018 |
| JSE Code (A): |
STXMMT |
| Benchmark: |
Satrix Momentum Index |
| Holdings: |
n/a |
| Unit Holders: |
n/a |
| Original Price: |
n/a |
| Pricing System: |
Forward |
| Income Decl: |
31/03 |
| Minimum Lump Sum: |
n/a |
| Minimum Monthly: |
n/a |
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| Dividend Yield A Class |
| Vertical lines represent dividends. |
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Dividend History - A Class
(last 3 years) |
| 17 Oct 2023 |
14.66c |
| 25 Jul 2023 |
9.54c |
| 18 Apr 2023 |
9.47c |
| 17 Jan 2023 |
4.35c |
| 18 Oct 2022 |
20.28c |
| 19 Jul 2022 |
6.19c |
| 19 Apr 2022 |
5.33c |
| 18 Jan 2022 |
4.70c |
| 12 Oct 2021 |
11.44c |
| 13 Jul 2021 |
3.61c |
| 13 Apr 2021 |
9.23c |
| 20 Oct 2020 |
3.72c |
| 14 Jul 2020 |
6.59c |
| 14 Apr 2020 |
4.81c |
| 14 Jan 2020 |
1.14c |
| Fees |
| TER, Class-A (30 Jun 2023): |
0.40% |
| Perf Fee TER, Class-A (30 Jun 2023): |
0% |
| Annual, Class-A: |
0.16% |
| Performance, Class-A: |
n/a |
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Top Holdings on 30 Sep 2023 |
| Share |
No Units |
Value (Rm) |
% of Fund |
| NASPERS-N |
2 093 904 |
2.78 |
8.42% |
| FIRSTRAND |
1 985 530 |
2.20 |
6.67% |
| RICHEMONT |
1 026 171 |
1.73 |
5.25% |
| GLENCORE |
516 947 |
1.58 |
4.78% |
| GFIELDS |
2 031 147 |
1.56 |
4.71% |
| Totals |
|
9.85 |
29.83% |
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Asset Allocation |
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Sectoral Breakdown |
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