New Listing: Satrix Income AMETF

For over two decades, Satrix has helped investors access markets efficiently through index-tracking ETFs. With the launch of our first Actively Managed ETF, Satrix now extends that same philosophy of efficiency, transparency and cost effectiveness into active fixed-income investing.

The Satrix Income Actively Managed ETF is designed to offer investors a step up from traditional money market funds, targeting a yield enhancement of between 50 and 100 basis points per annum while maintaining a conservative risk profile. It offers investors exposure to South African interest-bearing assets through a single, actively managed exchange traded fund.

Why Active Management in Income Markets?

Unlike equities, short-term income markets lack a single investable index to track. In the income space, active management is needed to navigate the thousands of available instruments, including floating rate notes, negotiable certificates of deposit and treasury bills, to optimise yield. An actively managed approach gives the investment manager the flexibility to position across these opportunities and respond to changes in the interest rate yield curve, while still delivering the transparency and liquidity of an ETF.

The fund is managed by Satrix with investment management provided by Sanlam Investment Management, leveraging its extensive fixed income track record and specialist capabilities. Positioned for investors with a time horizon of three months or longer, it fills the space between a call account and a traditional bond fund, offering an efficient short‑term investment solution.
 

More information on the Satrix Income Actively Managed ETF

• This AMETF will list on the Johannesburg Stock Exchange (JSE), and investors will access it in South African rand. The fund will invest in liquid assets, interest-bearing securities, and other non-equity securities acquired on exchanges (as permitted by legislation), in accordance with the ASISA SA Multi Asset Income category limits.
• The Satrix Income AMETF provides exposure to South African interest-bearing assets, with the objective of maximising returns and delivering high income while limiting capital loss over any rolling six-month period. This is done by actively positioning the income-yielding securities based on the investment manager’s view of the interest rate cycle.
• The Satrix Income AMETF will provide investors with exposure to predominantly liquid securities, including bonds, FRNs (Floating Rate Notes), NCDs (Non-Convertible Debentures) and other interest-bearing securities.
• The Satrix Income AMETF may also have limited exposure to listed property securities, in accordance with the ASISA fund category.
• This AMETF is offered at a TER of 0.46%.
• The Satrix Income AMETF provides exposure to South African interest-bearing assets, with the objective of maximising returns and delivering high income while limiting capital loss over any rolling six-month period. This is done by actively positioning the income-yielding securities based on the investment manager’s view of the interest rate cycle
• The Satrix Income AMETF may also have limited exposure to listed property securities, in accordance with the ASISA fund category.

Key Dates

• JSE listing date: 29 January 2026
• JSE listing code: STXINC

About Satrix Actively Managed ETFs

• AMETFs do not explicitly track an index; instead, they aim to add value relative to an index or provide returns that are not easily captured by an index. 
• AMETFs provide greater flexibility and discretion for the investment manager to seize market opportunities than a systematic, rules-based index typically offers.
• Satrix AMETFs combine the trust investors place in Satrix ETFs with the added flexibility of actively managed investment strategies. 

Who Should Invest in This AMETF?

This ETF is suited to investors seeking higher income potential than traditional money market or call accounts, while maintaining a conservative risk profile. It is particularly appropriate for investors with a time horizon of three months or longer who want their short-term capital to work harder.

Many investors leave cash sitting in low-interest accounts longer than intended and this fund provides an opportunity to earn additional yield during those periods. 

How to Invest

• The Satrix Income Actively Managed ETF will be listed on the Johannesburg Stock Exchange (JSE) on 29 January 2026, and investors will access it in South African rand.
• Investors can access the Satrix Income AMETF via the SatrixNOW platform, other investment platforms, or via JSE member stockbroker.
• New investors who don’t yet have a SatrixNOW account, can register here.  

Download the New Listing Sheet
 

Disclaimer:  

Satrix Managers (RF) (Pty) Ltd a registered and approved Manager in Collective Investment Schemes in Securities. Collective investment schemes are generally medium- to long-term investments. With Unit Trusts, Exchange Traded Funds (ETFs) and Actively Managed ETFs (AMETFs) the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETFs and AMETFs, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.  ETFs and AMETFs are registered as a Collective Investment and can be traded by any stockbroker on the stock exchange, LISP platforms and or via online trading platforms. ETFs and AMETFs may incur additional costs due to being listed on the JSE. Past performance is not necessarily a guide to future performance, and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF and AMETF Minimum Disclosure Document. AMETFs are ETFs which are actively traded by a Portfolio Manager to adjust the AMETF holdings and asset allocation with the aim to outperform the benchmark. AMETFs differ from ETFs which only track indices. The Manager does not provide any guarantee, either with respect to the capital or the return of a portfolio. The Satrix Income Actively Managed ETF will be managed in accordance with Regulation 28. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF and AMETF Minimum Disclosure Document and or on the https://satrix.co.za/products.