NEWFUNDS COLLECTIVE INVESTMENT SCHEME - Retirement of NewFunds (RF) Proprietary Limited (NewFunds) as Manager of the NewFunds Collective Investment Scheme

Retirement of NewFunds (RF) Proprietary Limited (“NewFunds”) as Manager of the NewFunds Collective Investment Scheme


NewFunds Collective Investment Scheme in Securities


NewFunds Equity Momentum ETF
JSE code: NFEMOM
ISIN: ZAE000162236

NewFunds S&P GIVI SA Top 50 Index ETF
JSE code: GIVISA
ISIN: ZAE000205225

NewFunds MAPPS Growth Index ETF
JSE code: MAPPSG
ISIN: ZAE000153763

NewFunds MAPPS Protect Index ETF
JSE code: MAPPSP
ISIN: ZAE000153771

NewFunds Low Volatility ETF
JSE code: NFEVOL
ISIN: ZAE000252458

NewFunds Equity Value ETF
JSE code: NFEVAL
ISIN: ZAE000252466

NewFunds Volatility Managed Defensive Equity ETF
JSE code: NFEDEF
ISIN: ZAE000254868

NewFunds Volatility Managed Moderate Equity ETF
JSE code: NFEMOD
ISIN: ZAE000254884

NewFunds Volatility Managed High Growth Equity ETF
JSE code: NFEHGE
ISIN: ZAE000254876

NewFunds Shariah Top 40 SA Index ETF
JSE code: NFSH40
ISIN: ZAE000130431

NewFunds ILBI ETF
JSE code: NFILBI
ISIN: ZAE000162244

NewFunds TRACI 3 Month ETF
JSE code: NFTRCI
ISIN: ZAE000162251

NewFunds GOVI ETF
JSE code: NFGOVI
ISIN: ZAE000161949

NewFunds S&P Namibia Bond ETF
JSE code: NFNAMB
NSX code: NFNAMA
ISIN: ZAE000276770

NewFunds Reitway Global Property ETF
JSE Code: NEWPRP
ISIN: ZAE000296752

(“the Portfolios”)




The Portfolios under the NewFunds Collective Investment Scheme in Securities (“NewFunds”)
registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002.



Retirement of NewFunds (RF) Proprietary Limited (“NewFunds”) as Manager of the NewFunds
Collective Investment Scheme in Securities

Investors are informed that NewFunds has decided to retire as Manager of the NewFunds Collective
Investment Scheme in Securities (“the Scheme”) and has appointed Satrix Managers (RF) Pty Limited
(“Satrix”) as the new manager effective from Wednesday, 01 March 2023. This process was subject to
the Financial Services Conduct Authority (“Authority”) and Trustee approval.


Background

Absa Group Limited and its subsidiaries (“Absa”) and Sanlam Limited and its subsidiaries (“Sanlam”)
have agreed to combine Absa’s investment management business with Sanlam Investment Holdings
(Pty) Ltd (“SIH”) to establish one of the largest black owned asset management companies in South
Africa, subject to regulatory approvals.

As part of the proposed transaction, NewFunds (as 100% owned by Absa Bank Limited) will retire as a
Manager of the Scheme and will be replaced by Satrix as the new Manager.

Satrix is the leading provider of index-tracking investment products and Exchange Traded Funds (ETFs)
in South Africa, having launched South Africa’s first ETF in 2000. Satrix offers a range of vanilla and
smart beta products across ETFs, index tracking unit trusts, life pools and segregated portfolios. This
transaction offers you, as an investor, an opportunity to be part of South Africa’s biggest ETF index-
tracking business.


Changes to the Scheme

The appointment has resulted in the changing of the name of the Scheme to Satrix Collective
Investment Scheme in Securities 2 and the change of the underlying portfolios names as follows:

 Old NewFunds Portfolio names                       New Satrix Portfolio Names

 1. NewFunds Shariah Top 40 Index ETF Portfolio     1. Satrix Shariah Top 40 ETF
 2. NewFunds ILBI Exchange Traded Fund              2. Satrix ILBI ETF
 Portfolio
 3. NewFunds S&P GIVI South Africa Top 50           3. Satrix S&P GIVI South Africa Top 50 ETF
 Index ETF Portfolio
 4. NewFunds Equity Momentum Exchange               4. Satrix Equity Momentum ETF
 Traded Fund Portfolio
 5. NewFunds TRACI 3 Month Exchange Traded          5. Satrix TRACI 3 Month ETF
 Fund Portfolio
 6. NewFunds Multi Asset Passive Portfolio          6. Satrix Multi Asset Passive Portfolio Solutions
 Solutions Protect Exchange Traded Fund             Protect ETF
 Portfolio
 7. NewFunds Multi Asset Passive Portfolio          7. Satrix Multi Asset Passive Portfolio Solutions
 Solutions Growth Exchange Traded Fund              Growth ETF
 Portfolio
 8. NewFunds Low-Volatility ETF                     8. Satrix Low Volatility ETF
 9. NewFunds Value Equity ETF                       9. Satrix Value Equity ETF
 10. NewFunds Volatility Managed SA Defensive       10. Satrix Volatility Managed SA Defensive
 Equity ETF                                         Equity ETF
 11. NewFunds Volatility Managed SA Moderate        11. Satrix Volatility Managed SA Moderate Equity
 Equity ETF                                         ETF
 12. NewFunds Volatility Managed SA High            12. Satrix Volatility Managed SA High Growth
 Growth Equity ETF                                  Equity ETF
 13. NewFunds Reitway Global Property ETF           13. Satrix Reitway Global Property ETF
 14. NewFunds GOVI Exchange Traded Fund             14. Satrix GOVI ETF
 Portfolio
 15. NewFunds S&P Namibia Bond ETF                  15. Satrix S&P Namibia Bond ETF

Following the change in fund name, the fund alpha codes and ISIN codes on the various exchanges
(“tickers”) will change. These changes will be communicated via the various exchanges’ information
dissemination services.


Impact to Investors

    •   The retirement and name change will have no tax implications on you as an investor.
    •   Your participatory interests in the portfolio will not be affected.
    •   You will not be liable for any additional fees or charges as a result of the change.
    •   The portfolio strategy will remain unchanged, and the investors exposure will not be affected.


Rights and obligations

Should you not be comfortable with the change in Manager, you may sell your investment at any time
on the exchange via your investment platform or stockbroker. The sale may trigger a tax event for you,
and you are advised to consult your tax practitioner. If you are comfortable with the change, then you
do not need to take any action further.


Commitment to treating customers fairly (“TCF”) principles

NewFunds and Satrix are committed to the fair treatment of investors and the six TCF outcomes are
deeply entrenched in how we deal with our investors. With reference to the change, we would like to
reiterate that investors will not face unreasonable post change barriers such as redeeming their
participatory interests or lodging a compliant.

For more information

Should you require further information, please contact Absa Index and Structured Solutions on
(ETPManagers@absa.africa Tel: 0861 345 223).



17 January 2023

JSE Sponsor
Vunani Capital Sponsors

Date: 17-01-2023 05:29:00
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