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Satrix Local Bond

This fund tracks the performance of debt instruments publicly issued by the South Africa government for the domestic market, with maturities of one year or more.



JSE code: STXGOV This ETF tracks the S&P South Africa Sovereign Bond 1+ Year Index which includes rand denominated sovereign debt publicly issued by the South Africa government for the domestic market, with maturities of one year or more. Distributions are made quarterly.

Why Choose Satrix Local Bond


Earn a relatively high level of income with limited credit risk Fixed-income nature provides protection against falling interest rates Lower volatility of returns compared to equity investments Get exposure to domestic bonds that provide low risk at low cost

Investor Information As On 23 Apr 2024


Net Asset Value per Satrix SA Bond ETF security R 7.8917
Distributable Amount per security 0.5044
Cash Contribution per Satrix SA Bond ETF basket R 347 500.00
Market Capitalisation of Satrix SA Bond ETF R 836 370 478.43
S&P South Africa Sovereign Bond 1+Year Index 959.40
Total Expense Ratio 0.25%

Index Composition


  • Interest Bearing 12+ years 40.22%
  • Interest Bearing 7 - 12 years 24.14%
  • Interest Bearing 3 - 7 years 19.81%
  • Interest Bearing 0 - 3 years 15.84%

Satrix Local Bond Fund Performance

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The investment performance is for illustrative purposes only and is calculated by taking into account JSE closing prices. Past performance is not indicative of future performance.


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Satrix ETF performance indicator:


The graph represents price performance using JSE closing prices per Satrix security and is relevant to each Satrix ETF (product) as offered by Satrix. Performance is for illustrative purposes only and past performance is not indicative of future performance. An individual’s investment performance and the Portfolio NAV may differ from the indicators in the graph as a result of other factors such as brokerage fees, acquisition prices, portfolio costs, management fees, dividend declarations and reinvestment, and withholding taxes, where applicable.

Performance Table


31 Mar 2024 Fund * Benchmark ** CPI Inflation ***
Unannualized:
Since Inception (Jun 2020) 28.78% 29.87% 14.09%
Annualized:
Since Inception 6.82% 7.06% 5.99%
Year to Date -1.92% -1.99% 2.04%
1 Year 4.01% 3.94% 5.5%
3 Years 7.17% 7.34% 6.18%
5 Years 0.0% 0.0% 5.17%
7 Years 0.0% 0.0% 4.88%
10 Years 0.0% 0.0% 5.06%
  • * Returns are calculated for lump sum investments. All dividends reinvested on ex-date.
  • ** The benchmark is a total return index.
  • *** This is based on the latest CPI numbers.

Fund Comparison Tool

The investment performance is for illustrative purposes only and is calculated by taking into account JSE closing prices. Past performance is not indicative of future performance.

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Satrix ETF performance indicator:


The graph represents price performance using JSE closing prices per Satrix security and is relevant to each Satrix ETF (product) as offered by Satrix. Performance is for illustrative purposes only and past performance is not indicative of future performance. An individual’s investment performance and the Portfolio NAV may differ from the indicators in the graph as a result of other factors such as brokerage fees, acquisition prices, portfolio costs, management fees, dividend declarations and reinvestment, and withholding taxes, where applicable.

Fund Documentation

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Effective Annual Cost



The Effective Annual Cost (EAC) is a measure which has been introduced to allow you to compare the cost you incur when you invest in different financial products. It is expressed as a percentage of your investment amount. The EAC is made up of four charges, which are added together, as shown in the table below. Some of the charges may vary, depending on your investment period. The EAC calculation assumes that an investor terminates his or her investment in the financial product at the end of the relevant periods shown in the table.


FUND
PLATFORM
CONTRIBUTION FREQUENCY



This unit trust tracks the performance of the JSE ALBI Index. The ALBI Index is a composite index containing the top 20 vanilla bonds ranked dually by liquidity and market capitalisation. Only conventional listed vanilla bonds, with a fixed, even if zero, semi-annual coupon occur in the index. Bonds with a term less than one year are excluded.

Why Choose Satrix Local Bond


Earn a relatively high level of income with limited credit risk Fixed-income nature provides protection against falling interest rates Lower volatility of returns compared to equity investments Get exposure to domestic bonds that provide low risk at low cost

Investor Information As On 23 Apr 2024


Management Fee Direct to Retail Investor 0.45% + VAT
Management Fee via LISP 0.25% + VAT

Index Composition


  • 100.00%

Fund Documentation

DOCUMENT TYPE
VERSION
 
View


Effective Annual Cost



The Effective Annual Cost (EAC) is a measure which has been introduced to allow you to compare the cost you incur when you invest in different financial products. It is expressed as a percentage of your investment amount. The EAC is made up of four charges, which are added together, as shown in the table below. Some of the charges may vary, depending on your investment period. The EAC calculation assumes that an investor terminates his or her investment in the financial product at the end of the relevant periods shown in the table.


FUND
PLATFORM
CONTRIBUTION FREQUENCY