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Satrix Momentum

A fund that tracks the performance of JSE listed stocks that display positive momentum characteristics.



JSE code: STXMMT Satrix developed the proprietary Satrix Momentum Index which aims to capture the return of the equity market enhanced by the momentum risk premium i.e. a portfolio tilted toward shares that display positive momentum characteristics.

Why Choose Satrix Momentum


Offers exposure to the momentum factor, which has delivered higher returns in the long-term, and is typically negatively correlated with value-oriented returnsGet relatively higher exposure to the companies gaining market shareStrong performance in upward trending marketsSingle factor strategies, like Satrix Momentum, offer an effective means of gaining exposure to a particular factor or style in order to compliment or offset other exposures, and should form part of a well-diversified portfolio

Investor Information As On 23 Apr 2024


Net Asset Value per Satrix Momentum ETF security R 12.2232
Distributable Amount per security 0.2143
Cash Contribution per Satrix Momentum ETF basket R 113 100.00
Market Capitalisation of Satrix Momentum ETF R 108 941 292.37
Satrix Momentum Index 1 199.70
Total Expense Ratio 0.40%

Index Composition


  • Banks 20.35%
  • Precious Metals and Mining 15.89%
  • Software & Computer Services 13.60%
  • Personal Care Drug and Grocery Stores 7.66%
  • Life Insurance 7.18%
  • Retailers 4.98%
  • Industrial Metals & Mining 4.89%
  • Pharmaceuticals & Biotechnology 4.60%
  • Beverages 4.48%
  • Investment Banking and Brokerage Service 4.44%
  • Food Producers 3.35%
  • Nonlife Insurance 2.73%
  • Tobacco 2.12%
  • Oil & Gas and Coal 2.02%
  • General Industrials 0.53%
  • Chemicals 0.49%
  • Telecommunications Service Providers 0.39%
  • Personal Goods 0.32%

Satrix Momentum Fund Performance

STEP 1. CONTRIBUTION

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Fund Price


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 (Dec 2018) 51.68% 57.7% 15.65%
Annualized:
Since Inception 8.12% 8.92% 5.09%
Year to Date -2.29% -2.15% 2.04%
1 Year 3.19% 3.9% 5.5%
3 Years 6.33% 7.09% 6.18%
5 Years 6.7% 7.48% 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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Start date :

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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



Satrix developed the proprietary Satrix Momentum Index which aims to capture the return of the equity market enhanced by the momentum risk premium i.e. a portfolio tilted toward shares that display positive momentum characteristics.

Why Choose Satrix Momentum


Offers exposure to the momentum factor, which has delivered higher returns in the long-term, and is typically negatively correlated with value-oriented returnsGet relatively higher exposure to the companies gaining market shareStrong performance in upward trending marketsSingle factor strategies, like Satrix Momentum, offer an effective means of gaining exposure to a particular factor or style in order to compliment or offset other exposures, and should form part of a well-diversified portfolio

Investor Information As On 23 Apr 2024


Management Fee Direct to Retail Investor 0.45% + VAT
Management Fee via LISP 0.35% + VAT

Index Composition


  • Financials 34.70%
  • Basic Materials 21.26%
  • Consumer Staples 17.59%
  • Technology 13.60%
  • Consumer Discretionary 5.30%
  • Health Care 4.60%
  • Energy 2.02%
  • Industrials 0.53%
  • Telecommunications 0.39%

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