OUR FUNDS > Satrix Top 40

Satrix Top 40

The 40 largest JSE companies ranked by investable market cap.



JSE code: STX40 The Satrix Top 40 ETF tracks the performance of the FTSE/JSE Top 40 Index which includes the 40 largest companies on the JSE, ranked by investable market cap. The ETF aims to accurately replicate the index by holding all constituents in the exact index weighting. Distributions are made quarterly.

Why Choose Satrix Top 40


Invests in the largest and most established companies listed on the JSELower management fees which means more return for youCaptures the majority of the SA equity market performanceCost effective building block for those doing their own asset allocation

Investor Information As On 23 Apr 2024


Net Asset Value per Satrix 40 ETF security R 68.6596
Distributable Amount per security 1.1218
Cash Contribution per Satrix 40 ETF Basket R 112 170.00
Market Capitalisation of Satrix 40 ETF R 12 934 925 301.68
FTSE/JSE Top 40 Index 67 496.70
Total Expense Ratio 0.10%

Index Composition


  • Banks 20.81%
  • Software & Computer Services 17.27%
  • Precious Metals and Mining 15.42%
  • Industrial Metals & Mining 8.27%
  • Personal Care Drug and Grocery Stores 6.72%
  • Life Insurance 4.53%
  • Telecommunications Service Providers 4.24%
  • Personal Goods 3.46%
  • General Industrials 3.22%
  • Tobacco 3.14%
  • Investment Banking and Brokerage Service 2.48%
  • Retailers 1.89%
  • Beverages 1.85%
  • Chemicals 1.84%
  • Pharmaceuticals & Biotechnology 1.76%
  • Real Estate Investment & Serv 1.44%
  • Oil & Gas and Coal 0.93%
  • Real Estate Investment Trusts 0.74%

Satrix Top 40 Fund Performance

STEP 1. CONTRIBUTION

STEP 2. FUND

STEP 3. YEAR

Select the year of investment

VALUE

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.


Select date range:

Start date :

End date :



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 2000) 1649.7% 1750.49% 40.44%
Annualized:
1 Year 0.11% 0.27% 5.5%
3 Years 7.8% 7.98% 6.18%
5 Years 9.98% 10.19% 5.17%
7 Years 9.52% 9.71% 4.88%
10 Years 7.9% 8.17% 5.06%
Since Inception 13.05% 13.32% 5.54%
Year to Date -2.3% -2.27% 2.04%
  • * 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.

**** Annualised return is the weighted average compound growth rate over the period measured.

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.

Select fund to compare:




Select date range:


Start date :

End date :


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

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



The Satrix 40 fund tracks the performance of the FTSE/JSE Top 40 Index which represents the 40 largest companies by market cap. It endeavours to accurately replicate the index by holding all constituents in the exact index weighting. The index is rebalanced quarterly and the fund therefore incurs minimal trading fees as a result of low turnover. This fund is ideal for investors who seek general market performance while minimising trading costs.

Why Choose Satrix Top 40


Invests in the largest and most established companies listed on the JSELower management fees which means more return for youCaptures the majority of the SA equity market performanceCost effective building block for those doing their own asset allocation

Investor Information As On 23 Apr 2024


Annual Management Fee (Direct) 0.45% + VAT
Annual Management Fee (via LISP) 0.25% + VAT

Index Composition


  • Financials 27.69%
  • Basic Materials 25.41%
  • Technology 17.19%
  • Consumer Staples 11.65%
  • Consumer Discretionary 5.33%
  • Telecommunications 4.22%
  • Industrials 3.20%
  • Real Estate 2.17%
  • Health Care 1.75%
  • Energy 0.93%

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