Sygnia Itrix Top 40 ETF

Investment 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 benchmark FTSE/JSE Top 40 Index by investing in its constituent 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. The objective of this high-risk, passively managed index-tracking fund is to provide simple access to investors who wish to track the movements of theFTSE/JSE TOP 40 Index by investing in its physical index securities. The investment policy of the portfolio is to track the index as closely as practically and feasibly possible by buying the securities in the index at a similar weighting. Whenever the index is rebalanced, the portfolio purchases the newly included constituent securities and sells the excluded securities. Derivatives are allowed for efficient portfolio management.

Benchmark
FTSE/JSE Top 40

Daily NAV

Daily constituents

Pricing Memorandum

Latest Financials

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The fund has a 100% strategic allocation to local equities, but 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 the securities in the index at a similar weighting. It is a suitable investment for investors seeking higher returns, those willing to tolerate higher volatility and those aiming to maximise capital accumulation over the longer term. The investment is also suitable for investors who wish to maximise their returns in the most cost-effective manner without having 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.

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 TERs. TCs are a necessary cost in administering the financial product and impact financial product returns. TCs 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 (CISCA). 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 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 individual investor performance may differ as a result of trading cost and 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 CISCA. The Manager has the right to close any portfolios to new investors to manage the portfolios more efficiently in accordance with their mandates.

Index disclosure
“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 nor FTSE sponsor, endorse or promote this product and are in no way connected to it and accept no liability. All intellectual property rights in the index values and constituent list vest 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.