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NEWFUNDS COLLECTIVE INVEST SCHEME - GIVFIN/ GIVIND/ GIVRES/ GIVISA/ NEWFSA/ NFSH40 - Distribution for the quarter ended 30 September 2016

Release Date: 13/10/2016 13:30
Code(s): NFSH40 NEWFSA GIVIND GIVISA GIVRES GIVFIN     PDF:  
Wrap Text
GIVFIN/ GIVIND/ GIVRES/ GIVISA/ NEWFSA/ NFSH40 - Distribution for the quarter ended 30 September 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 SEPTEMBER 2016

Further to the announcement published on Thursday, 1 September 2016, a distribution has been declared today,
Thursday 13 October 2016 to holders of ETF securities ("investors") recorded in the register on Friday,
23 September 2016, for the quarter ended 30 September 2016 as follows:

 Alpha         Dividend/   Foreign/           Gross          Subject to    *Withholding   Net
 code          Interest    Local              Distribution   Withholding    Tax (%)       Distribution
                                              (Cents per     tax                          (Cents per
                                              unit)          Yes/ No                      unit)

 NEWFSA        Interest    Local              0.00000        No                           0.00000
               Dividend    Local              0.00000        Yes           15             0.00000
               Dividend    Foreign            0.00000        Yes           15             0.00000
               Dividend    REITs**            0.00000        Yes           **15           0.00000
               Dividend    Foreign (CFR)*     0.00000        No                           0.00000
                                              0.00000                                     0.00000

 NFSH40        Interest    Local              0.00000        No                           0.00000
               Dividend    Local              0.14666        Yes           15             0.12466
               Dividend    Foreign            0.53283        Yes           15             0.45291
                                              0.67949                                     0.57757

 GIVFIN        Interest    Local              0.15496        No                           0.15496
               Dividend    Local              3.76739        No                           3.20228
               Dividend    Foreign            3.80235        No                           3.23200
               Dividend    REITs**            3.61989        No                           3.07691
                                              11.34459                                    9.66615

 GIVIND        Interest    Local              0.28038        No                           0.28038
               Dividend    Local              6.28025        Yes            15            5.33821
               Dividend    Foreign            22.69083       Yes            15            19.28721
               Dividend    Foreign (CFR)*     8.17239        No                           8.17239
                                              37.42385                                    33.07819

 GIVRES        Interest    Local              0.12287        No                           0.12287
               Dividend    Local              16.17619       Yes            15            13.74976
               Dividend    Foreign            5.33847        Yes            15            4.53770
                                              21.63753                                    18.41033

 GIVISA        Interest    Local              0.45279        No                           0.45279
               Dividend    Local              11.75564       Yes            15            9.99229
               Dividend    Foreign            14.25721       Yes            15            12.11863
               Dividend    REITs**            3.08175        Yes            **15          2.61949
               Dividend    Foreign (CFR)*     6.21698        No                           6.21698
                                              35.76437                                    31.40018

The distribution will be paid on Tuesday, 18 October 2016 to all securities holders recorded on the register on
Friday, 23 September 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.

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             1 322 216                                9181003188
GIVIND             400 814                                  9005418224
GIVISA             1 957 255                                9180010184
GIVRES             415 944                                  9619247167
NEWFSA             772 724                                  9004206224
NFSH40             22 075 446                               9403872162

13 October 2016

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

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