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Value Exchange Traded Fund  

Value investing considers stocks that can be described as ‘cheap’ or undervalued based on well-defined accounting ratios. Price-to-earnings (P/E), based on income statement attributes, is an indication of what investors are willing to pay per unit of earnings of a company. A low P/E is indicative of an undervalued stock. Price-to-book (P/B), based on balance sheet attributes, compares the market value of a company to its book value. A low P/B is again indicative of an undervalued stock.

The NewFunds Value Equity ETF is aimed at providing Investors with diversified exposure to 30 highly liquid constituents securities in the South African equity market that exhibit value characteristics (low price-to-earnings and price-to-book ratios) in their performance by tracking the Absa Wits Risk-Controlled SA Value Index, where the constituent security’s weights in the Value Index are determined by applying an equal risk contribution weighting scheme. The Value Index was created by Absa Bank Limited in collaboration with Wits University using their Findata@Wits® database. The ETF is total return in nature therefore all dividends and income received in the Portfolio is reinvested at each income distribution date.

Performance graph data to follow

JSE Code NFEVAL
ISIN ZAE000252458
Base Currency ZAR
Portfolio Listing Date 26 March 2018
Currency ZAR
Net Asset Value -
Securities Issued -
Dividend Frequency Mar, Jun, Sep & Dec
Fund Valuation 17h00
Rebalance Frequency Feb, May, Aug & Nov

Asset allocation

Basic Materials (25.96%)
Cash (0.48%)
Consumer Goods (13.18%)
Consumer Services (7.99%)
Financials (37.19%)
Industrials (8.06%)
Telecommunication Services (7.14%)
Source: Absa CIB

Previous day closing price

Performance

One week
One month
One year
Since inception
Returns are cumulative for periods shorter than 1 year and annualised for periods longer.
15 minute delay

Historical performance graph

Annualised return  17.89%
Benchmark return  6.56%
Date Range
 Value ETF

Source: Absa CIB. * The index started on 31 December 2012. Index returns and risk statistics is the result of backtested simulated performance.

Fund data
Asset information
Document downloads

Fund data

Launch Date 26 March 2018
Fiscal Year 31 December
Frequency of Dividend Payment Quarterly
Domicile South Africa
Currency ZAR
Manager NewFunds (RF)(Pty) Ltd
Trustees Standard Bank (SA) Ltd
Issuer NewFunds Collective Investment Scheme
Stock Exchange JSE Limited
JSE Code NFEVOL
Market Maker Absa

Asset information

Date (close) 02/03/2018

Document downloads

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