PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing announcement of the AQA Actively Managed ETF

Listing announcement of the AQA Actively Managed ETF

Prescient Management Company (RF) (Pty) Ltd
(Registration number 2002/022560/07)
("Prescient" or "the Manager")
(Being the manager of the Prescient Collective Investment Scheme in ETF Securities)

AQU ACTIVELY MANAGED ETF ("AQUA")
(being a portfolio under the Prescient Collective Investment Scheme in ETF Securities ("Prescient ETF")
registered in the Republic of South Africa in terms of the Collective Investment Schemes Control Act,
45 of 2002 ("CISCA")
Share Code: AQUA
Short Name: NAQUAMETF
ISIN: ZAE000328415

LISTING OF THE AQU ACTIVELY MANAGED ETF IN THE EXCHANGE TRADED FUND SECTORON THE MAIN BOARD OF 
THE JSE LIMITED ("JSE")

1. INTRODUCTION

This announcement is issued in compliance with paragraph 19.27 of the JSE Listings Requirements for
information purposes, following the JSE approving the listing of participatory interests in the AQU
ACTIVELY MANAGED ETF.

The information set out below has been extracted from the Prescient ETF Programme Memorandum
issued by the Manager on 26 May 2023 ("the Programme Memorandum") and the AQU ACTIVELY
MANAGED ETF supplement issued on 16 November 2023 ("the Supplement") and relates to the listing
of participatory interests in the "Actively Managed ETF" sub-sector of the Exchange Traded Funds"
sector on the Main Board of the JSE.


2. STRUCTURE

The AQUA ETF portfolio is managed by Prescient, an approved manager of Collective Investment
Schemes and as such is governed in terms of CISCA. The Manager has entered into an agreement
with the Asset Manager, Numoro (Pty) Ltd, in terms of which the Asset Manager will manage the
underlying portfolio and execute transactions to reflect these changes on behalf of the Manager.
Standard Bank of South Africa Limited will act as the independent Trustee and will fulfil its duties as
specified in CISCA and the Regulations thereto.


3. SUMMARY OF THE LISTING

3.1 Issuer: Prescient Collective Investment Scheme in ETF Securities

3.2 ISIN: ZAE000328415

3.3 Share code: AQUA

3.4 Long name: AQU ACTIVELY MANAGED ETF

3.5 Short name: NAQUAMETF

3.6 Issue size: 1000 units

3.7 Issue price: 1000 cents (R10)

3.8 Investment Policy:

The portfolio's primary objective is to provide investors with capital growth over the medium to long
term. The portfolio will employ a top-down Global Tactical Asset Allocation investment strategy
designed to achieve the objective.
In order to achieve this objective, the portfolio invests in a flexible combination of investments in
international equity, bond, money, or property markets. The fund has flexibility in its asset allocation
between asset classes, countries and regions. The fund is managed with assets being allocated
between various markets and asset classes to reflect changing economic and market conditions to
maximise total returns over the long term. There may be inclusion of Assets in liquid form and non-
equity securities which are considered consistent with the portfolio's primary objective, and that
legislation may allow from time to time.


4. DESCRIPTION OF THE LISTING

The portfolio will be seeded through an introduction of 1,000 participatory interest in the portfolio at R10
(Ten Rand) per participatory interest.

Numoro (Pty) Limited the originator and asset manager of the portfolio will only start buying the
underlying securities comprising the portfolio in terms of the investment policy described below, five (5)
trading days after the listing date. During this period, investors can acquire participatory interest in the
portfolio at a fixed iNAV on the JSE, through their brokers, that will represent the cash holding of the
portfolio.

After this initial trading period at a fixed iNAV, the manager will buy the underlying portfolio and the
participatory interest will trade at an iNAV that represent the market value of the underlying portfolio.

5.SALIENT DATES AND TIMES

 Publication of the listing announcement on SENS and distribution of Supplement     Thursday, 16 November 2023

 Listing Date at 09:00                                                              Thursday, 30 November 2023

 Trading starts based on an iNAV of R10 (1000 ZAC)                                  Thursday, 30 November 2023

 Last day to trade based on an iNAV of R10 (1000 ZAC)                               Wednesday, 6 December 2023

 Trading starts at variable iNAV                                                     Thursday, 7 December 2023



6. DOCUMENTATION

Copies of the Programme Memorandum and the Supplement can be obtained on the Prescient website
at https://www.prescient.co.za/funds, from 16 November 2023.

The distribution of the Supplement and the offer or sale of participatory interests may be restricted by
law in certain jurisdictions. Persons in whose possession the Supplement or any other participatory
interests come must inform themselves about, and observe, any such restrictions.

Johannesburg

Listing Advisor

Prescient Structured Product Advisory (Pty) Ltd

16 November 2023

Date: 16-11-2023 03:00:00
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