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GIVFIN/ GIVIND/ NEWFSA/ GIVRES/GIVISA/ NFSH40 - Distribution for the quarter ended 30 June 2016
NEWFUNDS S&P GIVI SA FINANCIALS INDEX ETF
Share code: GIVFIN
ISIN: ZAE000205258
NEWFUNDS S&P GIVI SA INDUSTRIAL INDEX ETF
Share code: GIVIND
ISIN: ZAE000205241
NEWFUNDS NEWSA INDEX PORTFOLIO
Share code: NEWFSA
ISIN: ZAE000104055
NEWFUNDS S&P GIVI SA RESOURCES INDEX ETF
Share code: GIVRES
ISIN: ZAE000205233
NEWFUNDS S&P GIVI SA TOP 50 INDEX ETF
Share code: GIVISA
ISIN: ZAE000205225
NEWFUNDS SHARIAH TOP 40 INDEX ETF
Share code: NFSH40
ISIN: ZAE000130431
Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective
Investment Schemes Control Act, 45 of 2002 and managed by NewFunds Proprietary Limited. (Registration Number
2005/034899/07)
DISTRIBUTION ANNOUNCEMENT FOR THE QUARTER ENDED 30 JUNE 2016
Further to the announcement published on Monday, 06 June 2016, a distribution has been declared today, Thursday
21 July 2016 to holders of ETF securities ("investors") recorded in the register on Friday,01 July 2016, for the quarter
ended 30 June 2016 as follows:
Alpha code Dividend/ Foreign/ Gross Distribution Subject to *Withholding Net Distribution
Interest Local (Cents per unit) Withholding Tax (Cents per unit)
Tax (%)
Yes/ No
NEWFSA Interest Local 1.37476 No 1.37476
Dividend Local 76.41446 Yes 15 64.95229
Dividend Foreign 14.52452 Yes 15 12.34584
Dividend REITs** 7.98080 Yes **15 6.78368
100.29454 85.45657
NFSH40 Interest Local 0.00000 No 0.00000
Dividend Local 2.28659 Yes 15 1.94360
Dividend Foreign 0.49931 Yes 15 0.42441
2.78590 2.36801
GIVFIN Interest Local 1.10727 No 1.10727
Dividend Local 10.89066 Yes 15 9.25706
Dividend Foreign 34.00360 Yes 15 28.90306
Dividend Foreign (ITU)* 17.70333 No 17.70333
Dividend REITs** 25.93738 Yes **15 22.04677
89.64224 79.01749
GIVIND Interest Local 1.21630 No 1.21630
Dividend Local 40.28257 Yes 15 34.24018
Dividend Foreign 3.40975 Yes 15 2.89829
44.90862 38.35477
GIVRES Interest Local 0.23607 No 0.23607
Dividend Local 12.27556 Yes 15 10.43423
Dividend Foreign 14.81495 Yes 15 12.59271
27.32658 23.26301
GIVISA Interest Local 0.52750 No 0.52750
Dividend Local 16.70949 Yes 15 14.20307
Dividend Foreign (ITU)* 5.90694 No 5.90694
Dividend Foreign 14.31682 Yes 15 12.16930
Dividend REITs** 8.52201 Yes **15 7.24371
45.98276 40.05052
The distribution will be paid on Tuesday, 26 July 2016 to all securities holders recorded on the register on
Friday, 01 July 2016.
Withholding Tax on Interest (WTI) came into effect on 1 March 2015.
Interest accruing from a South African source to a non-resident, excluding a controlled foreign company, will be
subject to withholding tax at a rate of 15% on payment, except interest,
- arising on any Government debt instrument
- arising on any listed debt instrument
- arising on any debt owed by a bank or the South African Reserve Bank
- arising from a bill of exchange or letter of credit where goods are imported into South Africa and where an authorized
dealer has certified such on the instrument
- payable by a headquarter company
- accruing to a non-resident natural person who was physically present in South Africa for a period exceeding 183
days in aggregate, during that year, or carried on a business through a permanent establishment in South Africa
Investors are advised that to the extent that the distribution amount comprise of any interest, it will not be
subject to WTI by virtue of the fact that it is listed debt instruments and/or bank debt.
Holders of Shariah ETF securities
Holders of Shariah ETF securities (“investors”) are advised that the appropriate purification of dividends, through the
donation of 5% of the dividends to charity, needs to be effected by each investor. Absa Islamic Banking's Shari'ah
Supervisory Board (''SSB'') has provided the following list of approved charitable institutions. The list is not exhaustive
and it is therefore not obligatory to use one of the specified charities:
1. Al Furqaan Orphanage (Gauteng)
2. Gift of the Givers (RSA)
3. SANZAF (RSA)
4. Africa Muslims Agency (RSA)
5. Al-Imdaad Foundation
6. Muslim Hands (RSA)
7. Islamic Relief Agency (RSA)
8. Bait-ul-Khair (Gauteng)
9. TIBA Services for the Blind (Gauteng)
10. Mustadafin Foundation (www.mustadafin.com)
Investors should seek advice from their tax advisor on whether the tax and rate shown is applicable to them.
* INTU PROPERTIES PLC (ITU) is a UK listed REIT. The dividends received have been subject to a 20%
withholding tax.
South African tax resident investors relating to REITs
**The dividend distribution by a REIT received by South African tax residents must be included in their gross income
and will not be exempt in terms of the ordinary dividend exemption in section 10(1)(k)(i) of the Income Tax Act No. 58
of 1962 (“the Act”) as a result of paragraph (aa) of the proviso thereto which provides that dividends distributed by a
REIT are not exempt from income tax.
No dividend withholding tax will be deducted from dividends payable to a South African tax resident qualifying for
exemption from dividend withholding tax provided that the investor has provided the following forms to their Central
Securities Depository Participant (“CSDP”) or broker, as the case may be in respect of its participatory interest:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written undertaking to inform their CSDP or broker, as the case may be, should the circumstances affecting the
exemption change or the beneficial owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. South African tax resident investors are advised to
contact their CSDP or broker, as the case may be, to arrange for the abovementioned documents to be submitted
prior to payment of the distribution, if such documents have not already been submitted.
Non-resident investors for South African income tax purposes
The dividend distribution received by non-resident investors will be exempt from income tax in terms of section
10(1)(k)(i) of the Act, but will be subject to dividend withholding tax. Dividend withholding tax is levied at a rate of 15%,
unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (“DTA”) between
South Africa and the country of residence of the non-resident investor.
A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-resident investor
has provided the following forms to their CSDP or broker, as the case may be in respect of its participatory interest:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
b) a written undertaking to inform the CSDP or broker, as the case may be, should the circumstances affecting the
reduced rate change or the beneficial owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. Non-resident investors are advised to contact their
CSDP or broker, as the case may be, to arrange for the abovementioned documents to be submitted prior to the
payment of the distribution if such documents have not already been submitted.
Both resident and non-resident investors are encouraged to consult their professional advisors should they be in any
doubt as to the appropriate action to take.
Additional information:
Number of securities in issue Tax reference number
GIVFIN 697 216 9181003188
GIVIND 400 814 9005418224
GIVISA 1 957 255 9180010184
GIVRES 365 944 9619247167
NEWFSA 772 724 9004206224
NFSH40 22 075 446 9403872162
21 July 2016
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)
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