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    Satrix MSCI World Islamic Feeder ETF: Initial Public Offering

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    Satrix MSCI World Islamic Feeder ETF: Initial Public Offering

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    Satrix MSCI World Islamic Feeder ETF: Initial Public Offering

    Uploaded by

    sahilgovender18

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    © All Rights Reserved
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    of 3

    Satrix MSCI World

    Islamic Feeder ETF


    Initial Public Offering

    The Satrix World Islamic Feeder (known as “Satrix World Islamic”) exchange traded fund (ETF) tracks the performance of the
    MSCI World Islamic Index, which reflects Shariah investment principles and is designed to measure the performance of the large
    and mid-cap segments of the 23 Developed Markets (DM) countries that are relevant for Islamic investors.

    This local ETF will list on the Johannesburg Stock Exchange (JSE) and investors will access it in South African rand.

    INITIAL PUBLIC OFFERING (IPO)


    By participating in this IPO, you will have the benefit of investing in this ETF at the listing price and pay zero brokerage and
    trading fees, and no buy-sell (bid-offer) spread applies.

    IPO Opens 09h00 on 19 September 2024


    IPO Closes 12h00 (midday) on 10 October 2024
    JSE Listing Date 22 October 2024
    JSE Listing Code STXWIS
    Targeted Annual TER 0.55%
    Risk Profile Aggressive

    ABOUT THE INDEX

    • This ETF tracks the MSCI World Islamic Index, which reflects Shariah investment principles and is designed to measure
    the performance of the large and mid-cap segments of the 23 Developed Markets (DM) countries that are relevant for
    Islamic investors.
    • The index methodology includes a starting universe which applies screening based on business activity and financial
    ratios.
    • Business activity screening means no investment in companies which are directly active in, or derive more than 5% of
    their revenues from the following (“prohibitive activities”): adult entertainment, alcohol, cinema, conventional financial
    services, defence/weapons, hotels, gambling/casinos, music, pork-related products and tobacco.
    • Financial ratio screening: No investment in companies deriving significant income from interest or companies that have
    excessive leverage. Three financial ratios are used to screen such companies: Total debt over total assets, the sum of
    a company’s cash and interest-bearing securities over total assets, and The sum of a company’s accounts receivables
    and cash over total assets. None of these financial ratios may exceed 33.33% and 30% for new inclusions to the indices.
    • Constituents are weighted by free-float-adjusted market capitalisation.

    DIVIDEND PURIFICATION

    If a company derives part of its total income from interest income and/or from prohibited activities, then this proportion must
    be deducted from the dividends paid out to shareholders and given to charity.

    The MSCI World Islamic Index reflects the total return of an Islamic portfolio where re-invested dividends have been “purified”.
    This is conducted by applying a “dividend adjustment factor” to all reinvested dividends. Satrix will ensure the purification of
    dividends received within the fund where such dividends have accrued any prohibited income.

    Pure and impure dividend amounts reported to investors are based on MSCI’s calculation to ensure consistency with the
    benchmark and Satrix is not responsible for MSCI’s calculation of the pure and impure dividend amount.
    Satrix MSCI World
    Islamic Feeder ETF
    Initial Public Offering

    INDEX TOP 10 CONSTITUENTS INDEX PERFORMANCE


    COMPANY INDEX WEIGHT

    Microsoft Corp 17.48% 16.0 14.2 14.8


    13.6
    14.0 12.8
    Tesla 3.64% 11.3
    12.0
    Exxon Mobil Corp 3.14% 10.0
    Procter & Gamble Co 2.40% 8.0 7.3 6.7 7.2
    6.6
    Johnson & Johnson 2.37% 6.0 4.2
    4.0
    Astrazeneca 1.61% 1.0
    2.0
    Chevron Corp 1.54% 0.0
    Adobe 1.53% -2.0
    Information Technology Energy - 1.5
    Salesforce 1.46% -4.0
    Health Care Industrials 1 Month YTD 1 Year 3 Years 5 Years 10 Years
    Advanced Micro Devices
    Materials 1.43%
    Consumer Discretionary
    In USD In ZAR
    Consumer Staples Real Estate
    Source: Satrix | Data: FTSE/JSE 31 August 2024
    Utilities Communication Services Source: FTSE/JSE | 31 August 2024

    SECTOR EXPOSURE COUNTRY EXPOSURE

    1.1% 1.6% 0.8%


    5.8% 13.5%
    13.2%
    6.9%
    34.9%
    3.5%
    3.4%
    10.2% 5.4%
    5.1%

    5.6%
    5.8%

    11.4% 5.6%
    5.7%
    66.1%
    67.1%

    13.7%
    13.6%
    United
    United States
    States United
    United Kingdom
    Kingdom
    Information Technology Energy
    Japan
    Japan France
    France
    Health Care Industrials Canada Other
    Canada Other
    Materials Consumer Discretionary
    Consumer Staples Real Estate
    Utilities Communication Services
    Source: Satrix | Data: FTSE/JSE 31 August 2024 Source: FTSE/JSE | 31 August 2024

    HOW TO ACCESS
    1.5%THIS ETF
    1.1% 0.8%
    5.6%
    SatrixNOW platform Other investment platforms JSE member stockbrokers
    6.5%
    37.0%
    ASSET MANAGER: Satrix Investment Team MARKET MAKER: Sanlam Private Wealth
    10.1%

    11.1%
    Satrix MSCI World
    Islamic Feeder ETF
    Initial Public Offering

    FOR MORE INFORMATION: www.satrix.co.za


    Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities. Collective investment schemes are generally medium- to long-term
    investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the
    fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded
    on the stock exchange. ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online
    trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may
    go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are
    traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed
    on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. A feeder fund is a portfolio that invests
    in a single portfolio of a collective investment scheme, which levies its own charges and which could result in a higher fee structure for the feeder fund. The manager has the right to close the
    portfolio to new investors in order to manager it more efficiently in accordance with its mandate. The index, the applicable tracking error and the portfolio performance relative to the index can
    be viewed on the ETF Minimum Disclosure Document and or on the www.satrix.co.za.

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