The Sygnia Itrix Top 40 ETF is a high-risk, passively managed index-tracking fund registered as a collective investments scheme and listed on the Johannesburg Stock Exchange as an exchange traded fund. The objective of this portfolio is to provide simple access to investors who wish to track the movements of the FTSE/JSE TOP 40 Index through investing in the physical index securities.
“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 this Sygnia Itrix Top 40 ETF is to provide simple access to investors
who wish to track the movements of the FTSE/JSE Top 40 Index through investing in
the physical index securities. The FTSE/JSE TOP 40 Index consists of the largest 40
companies, listed on the JSE, ranked by investable market capitalisation in the FTSE/
JSE All-Share Index. This is a high risk, passively managed index tracking fund, with an
objective to provide simple access to investors who wish to track the movements of the
FTSE/JSE TOP 40 Index through investing in the physical index securities. 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 |
---|---|---|
Materials | 32.3 | |
Financials | 26.6 | |
Consumer Discretionary | 19.0 | |
Consumer Staples | 10.3 | |
Communication Services | 5.0 | |
Industrials | 1.7 | |
Real Estate | 1.6 | |
Other | 3.4 |
Risk profile
The fund has a 100% strategic allocation to local equities. The structure of the fund is
dictated by the composition of the FTSE/JSE TOP 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 Top 40 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.
And for how long?
A minimum of 5 years.
Annual Management Fee | 0.10% p.a (excl. VAT) |
Other Expenses | 0.06% |
VAT | 0.01% |
Total Expense Ratio (TER) | 0.16% (Dec 2023) |
Transaction Costs (TC) | 0.08% (Dec 2023) |
Total Investment Charge (TIC) | 0.25% (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
“FTSE®” is a trade mark of the London Stock
Exchange Group Companies, “JSE” is a trade
mark of the JSE Limited and both are used by the
JSE under licence. The FTSE/JSE Top 40 Index
is calculated by FTSE in conjunction with the
JSE. Neither the JSE or FTSE sponsor, endorse
or promotes this product and are not in any way
connected to it and does not accept any liability. All
intellectual property rights in the index values and
constituent list vests in FTSE and the JSE. Sygnia
Itrix (RF) (Pty) Ltd has obtained full licence from the
JSE to use such intellectual property rights in the
creation of this product.