The Sygnia Itrix Global Property ETF is a high-risk, passively managed portfolio of listed global property shares registered as a collective investments scheme and listed on the Johannesburg Stock Exchange as an exchange traded fund.
“Our funds are designed to challenge the status quo, because we want our investors to feel like the world is their oyster, that everything is possible.”
Kyle Hulett, Head of InvestmentsInvestment objective and strategy
The objective of the Sygnia Itrix Global Property ETF is to provide simple access to
investors who wish to track the movements of the S&P Global Property 40 Index through
investing in the physical index securities. The S&P Global Property 40 Index is designed
to provide diversified exposure to 40 leading global property companies. This is a high
risk, passively managed index tracking fund of listed global property shares with an
objective to provide simple access to investors who wish to track the movements of
the S&P Global Property 40 Index. The investment policy of the portfolio is to track the
Index as closely as practically and feasibly possible by buying securities included in the
index at similar weighting as they are included in the index. Whenever the index gets
rebalanced, the portfolio will purchase the newly included constituent securities and
will sell the constituent securities which were excluded from the index. Derivatives are
allowed for efficient portfolio management
What the fund invests in
Sector | Percentage | Allocation |
---|---|---|
International Equity | 98.8 | |
Cash | 1.2 |
Risk profile
The fund has a 100% strategic allocation to offshore listed property. The structure of the
fund is dictated by the composition of the S&P Global Property 40 Index. The fund aims
to achieve its investment objective with acceptable levels of short term volatility relative
to the benchmark index
Who should invest
The Sygnia Itrix Global Property ETF has a high risk profile and is designed to track
the Index as closely as possible by buying securities included in the Index at similar
weighting as they are included in the Index. It is a suitable investment for investors
seeking higher returns, those who are willing to tolerate higher volatility and investors
who aim to maximise capital accumulation over a longer-term time horizon. The
investment is also suitable for investors who wish to maximise their returns in the most
cost-effective manner without the need to select asset managers or take on the risk of
active and subjective investment decision-making processes. Given the specialist nature
of the fund, it should be used as part of a diversified investment strategy rather than as
a sole equity investment
Annual Management Fee | 0.15% p.a (excl. VAT) |
Other Expenses | 0.06% |
VAT | 0.03% |
Total Expense Ratio (TER) | 0.24% (Dec 2023) |
Transaction Costs (TC) | 0.02% (Dec 2023) |
Total Investment Charge (TIC) | 0.27% (Dec 2023) |
A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER may not necessarily be an accurate indication of future TER’s. Transaction Costs are a necessary cost in administering the Financial Product and impacts Financial Product returns. It should not be considered in isolation as returns may be impacted by many other factors over time including market returns, the type of Financial Product, the investment decisions of the investment manager and the TER.
Disclosure
The Sygnia Group is a member of the Association for Savings and Investment SA.
Sygnia ltrix (RF) (Pty) Ltd is a registered and approved Manager under the Collective Investment Schemes Control Act, 2002. Sygnia Asset Management (Pty) Limited (FSP 873), an authorised financial services provider, is the appointed investment manager of the Fund. Sygnia ltrix does not provide any guarantee with respect to the capital or return of the portfolio. Collective Investment Schemes (CIS) are generally medium to long-term investments. Collective investment schemes are traded at ruling prices and can engage in borrowing and scrip lending. The value of investments/units may go down as well as up and past performance is not necessarily an indicator of future performance. ETFs trade on stock exchanges and may therefore incur additional costs associated with listed securities. Unlike a unit trust, which can be bought or sold only once per day, an ETF can be traded intraday, during exchange trading hours. ETFs may invest in foreign securities, which may be exposed to macroeconomic, settlement, political, tax, liquidity, and foreign exchange risks. Performance is calculated for the portfolio, and the individual investor performance may differ as a result of trading cost, price paid for investment share. Additional information on the Index including its performance and tracking error can be viewed on the relevant Minimum Disclosure Document (MDD) on www.sygnia.co.za. A schedule of fees, charges and where the ETF engages in securities lending activities, information on such securities lending activities may be requested via admin@sfs.sygnia.co.za or 0860 794 642. The complete terms and conditions of your ETF investment are contained in the fund's offering circular, pre-listing statement, programme memorandum and/or supplemental deed and index constituents with prices are published daily on Sygnia's website. The documents/information may be obtained from www.sygnia.co.za or on request from Sygnia. Nothing in this document shall be considered to state or imply that the Fund is suitable for a particular type of investor. All the portfolio options presented are approved collective investment schemes in terms of the Collective Investment Schemes Control Act, No 45 of 2002 ("CISCA"). The Manager has the right to close any portfolios to new investors to manage them more efficiently in accordance with their mandates. A copy of the Minimum Disclosure Document (MDD) is available on our website: www.sygnia.co.za.
Index disclaimer
The S&P Global Property 40 Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Sygnia Itrix (RF) (Pty) Ltd. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and these trademarks have been licensed for use by SPDJI and sublicensed for use for certain purposes by Sygnia Itrix (RF) (Pty) Ltd. The Sygnia Itrix S&P Global Property ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, and of their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product (s) nor do they have any liability for any errors, omissions, or interruptions of the S&P Global Property 40 Index.