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Satrix Shari'ah Top 40

A fund created to comply with Shari'ah principles of investing.



JSE code: STXSHA. The Satrix Shari’ah Top 40 Index ETF gives investors diversified exposure to the broad market and allows investors to earn a market related performance while still complying with the Shari’ah principles of investing. The Satrix Shari’ah Top 40 Index ETF tracks the price performance of the FTSE/JSE Shari’ah Top 40 Index, an Index is designed to reflect the Shari’ah compliant companies identified from the FTSE/JSE Africa Top 40 Index by Yasaar Limited (Yasaar). Previously known as "NewFunds Shariah Top 40 Index ETF Portfolio".

Why Choose Satrix Shari'ah Top 40


Allows you to earn a market related performance while still complying with the Shari’ah principles of investingDiversified exposure to the broad marketDesigned to reflect the Shari’ah compliant companies identified from the FTSE/JSE Africa Top 40 IndexProvides a daily disclosed, low cost, and easy-to access investment that conforms to Shari’ah principles

Investor Information As On 19 Apr 2024


Net Asset Value per Satrix Shari’ah Top 40 ETF security R 3.7598
Distributable Amount per security 0.0459
Cash Contribution per Satrix Shari’ah Top 40 ETF basket R 47 500.00
Market Capitalisation of Satrix Shari’ah Top 40 ETF R 50 232 873.92
Total Expense Ratio 0.40%

Index Composition


  • Precious Metals and Mining 38.09%
  • Industrial Metals & Mining 21.62%
  • Telecommunications Service Providers 10.84%
  • General Industrials 7.89%
  • Chemicals 4.95%
  • Pharmaceuticals & Biotechnology 4.58%
  • Real Estate Investment & Serv 3.79%
  • Personal Care Drug and Grocery Stores 3.66%
  • Oil & Gas and Coal 2.45%
  • Retailers 2.13%

Satrix Shari'ah Top 40 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:
Annualized:
Since Inception 6.01% 0.0% 460.89%
Year to Date -2.76% -2.56% 2.04%
1 Year -7.97% -7.45% 5.5%
3 Years 1.07% -1.47% 6.18%
5 Years 5.75% 2.89% 5.17%
7 Years 6.53% 3.58% 4.88%
10 Years 1.93% -0.96% 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.


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