The mandate of the Satrix Resi portfolio (“Satrix RESI”) is to track as closely as possible the value of the FTSE/JSE Capped Resources 10 Index. Satrix Resi is an index tracking fund, registered as a Collective Investment Scheme and is also listed on the JSE Securities Exchange as an Exchange Traded Fund.

The Satrix Resi provides investors with the price performance of the FTSE/JSE Capped Resources 10 Index and pays all the dividends received from companies in the index to investors on a quarterly basis, net of costs in order to reduce costs and minimise tracking error. The Satrix Resi Portfolio engages in scrip lending activities with Investec, RMB and Sanlam. Manufactured (taxable) dividends could arise from such transactions.

The Satrix Indi is an index tracker portfolio and provides investors with the price return of the FTSE/JSE Industrial 25 index, plus each quarter the dividends received for the shares in the index are paid over to investors, net of costs. It engages in scrip lending activities, so as to reduce its costs and thereby provide investors with the minimum tracking error. Manufactured (taxable) dividends could arise from such transactions.

The Satrix Fini provides investors with the price performance of the FTSE/JSE Financial 15 index and also pays investors all dividends received from companies in the index, net of costs, on a quarterly basis. The Satrix Fini Portfolio engages in scrip lending with the sole purpose of reducing the costs of running the portfolio thereby enhancing tracking performance. Manufactured (taxable) dividends could arise from such transactions.

The investment objective of the fund is to provide a total return equivalent (as closely as possible) to that of the MSCI World (Developed Markets) Index, in South African Rand. The fund, which is a feeder fund, aims to achieve its investment by only investing (other than holding assets in liquid form) in participatory interest in the FSB approved Sanlam World Equity Tracker Fund, a sub fund of the Irish Domiciled Sanlam Universal Funds plc.

The mandate of the Satrix Quality Index Fund is to track as closely as possible the S&P SA Quality Index. Satrix Quality Index Fund is registered as a Collective Investment Scheme.

Satrix Quality Index Fund pays out dividends net of withholding tax each quarter all the dividends received from companies in this index, less the net costs of running the portfolio. The index rebalances twice a year in June and December.

The asset manager of the Satrix SWIX Top 40 accurately replicates the FTSE/JSE SWIX Top 40 index, by holding the exact weighting and number of shares that constitute this index. Any dividends that are paid by the top forty companies are paid out to Satrix SWIX Top 40 shareholders payable on a quarterly basis. In this way the holders of Satrix SWIX top 40 securities replicate the total performance (capital plus dividend yield) of the top 40 companies listed on the JSE.

The Satrix 40 provides both the price performance of the FTSE/JSE Top 40 index as well as paying out each quarter all the dividends received from the Top 40 companies in this index, less the net costs of running the portfolio. The fund endeavours to accurately replicate the index by holding all constituents in the exact index weighting.

The index is rebalanced quarterly and the fund therefore incurs minimal trading fees. The fund is ideal for investors who seek general market performance while minimising trading costs.

The Satrix Momentum Index Fund is an equity only portfolio. To capture this investment style and its effect, Satrix has developed the proprietary Satrix Momentum Index.

It aims to capture the return of the equity market enhanced by the momentum risk premium. This is achieved by constructing a portfolio tilted toward stocks (or equities) that display positive momentum characteristics and away from stocks showing negative momentum characteristics.

The mandate of the Satrix Divi portfolio (“Satrix DIVI”) is to track as closely as possible the value of the FTSE/JSE Dividend Plus index. Satrix Divi is an index tracking fund, registered as a Collective Investment Scheme and is also listed on the JSE Securities Exchange as an Exchange Traded Fund.

The Satrix Divi provides investors with the price performance of the FTSE/JSE Dividend Plus index and pays all the dividends received from companies in the index to investors, on a quarterly basis, net of costs. In order to reduce costs and minimise tracking error, the Satrix Divi Portfolio engages in scrip lending activities with Investec and Sanlam.

The Satrix Dividend+ Index Fund invests in the FTSE/JSE Dividend Plus Index. This consists of 30 companies, selected from the FTSE/JSE Top 40 and Mid-Cap indices that are expected to pay the best normal dividends over the forthcoming year. The selection of the 30 shares is therefore not based on the market capitalization of the shares.

The mandate of the Satrix RAFI 40 portfolio (“Satrix RAFI”) is to track as closely as possible the value of the FTSE/JSE RAFI 40 Total Return index. The Satrix RAFI 40 provides investors with the total performance of the FTSE/JSE RAFI 40 Total Return index.

In accordance with the investment policy of Satrix RAFI 40, all distributions (net of dividends withholdings tax) are re- invested on behalf of investors through the purchase of securities comprising the FTSE/JSE RAFI 40 Index in accordance with the calculation methodology of the total return version of this index, thereby increasing the net asset value of each Satrix RAFI 40 security.

This is a pure equity fund that aims to replicate the FTSE/JSE RAFI40 Index. The appeal for an investor is the alternate weighting methodology (discussed below) to the traditional FTSE/JSE Top 40, which is a market cap weighted index. The fund is rebalanced annually in March.

This fund tracks the performance of the FTSE/JSE Equally Weighted Top 40 index. All constituent companies in this index have the same weighting and therefore the importance of each company in the index does not depend on its market capitalisation.

The Satrix Equally Weighted Top 40 Index Fund provides an alternative to the Satrix Top 40 which tracks the FTSE/JSE Top 40 that is constructed according to the market capitalisation of the companies.

The mandate of the Satrix 40 portfolio is to track as closely as possible the value of the FTSE/JSE Top 40 index. Satrix 40 is an index tracking fund, registered as a Collective Investment Scheme and is also listed on the JSE Securities Exchange as an Exchange Traded Fund.

The Satrix 40 provides both the price performance of the FTSE/JSE Top 40 index as well as paying out each quarter all the dividends received from the Top 40 companies in this index, less the net costs of running the portfolio. In order to reduce costs and minimise tracking error, the Satrix 40 Portfolio engages in scrip lending activities with Investec, RMB and Sanlam. Manufactured (taxable) dividends could arise from such transactions.

The fund tracks the performance of the FTSE/JSE Top 40 Index which represents the 40 largest companies by market cap. The fund endeavours to accurately replicate the index by holding all constituents in the exact index weighting.

The index is rebalanced quarterly and the fund therefore incurs minimal trading fees. The fund is ideal for investors who seek general market performance while minimising trading costs.

The Satrix Property Index Fund tracks the performance of the FTSE/JSE SA Listed Property Index. This fund gives an investor exposure to the 20 largest South African Listed Property stocks, by market capitalisation. The larger the company (by market capitalisation), the larger the weighting of the company’s share in the index.

The Satrix Balanced Index Fund complies with all limitations of Regulation 28 and offers diversified exposure to all the key local and international asset classes, with a smart SA equity core.

The fund tracks the proprietary or custom Satrix Balanced Index and invests in a range of underlying smart equity indices: FTSE/JSE Dividend Plus Index (value exposure), FTSE/JSE Equally Weighted Top 40 Index (size exposure) and Satrix Momentum Index (momentum exposure). All asset classes, constituting components of the composite index tracked by the portfolio, are tracker products (except for domestic cash).

The fund aims to provide a reasonable level of income whilst seeking to preserve capital, in real terms with lower volatility, over a medium to long term period. Consequently, the investment objective of this fund is to track performance of the proprietary composite SATRIX Low Equity Balanced Index as closely as possible (as calculated by independent third party).The fund complies with limitations of Regulation 28.

The Satrix ALBI Index Fund tracks the performance of the FTSE/JSE ALBI Index. The ALBI Index is a composite index containing the top 20 Vanilla Bonds ranked dually by liquidity and market capitalisation.​

The fund invests in a basket of permitted government and corporate fixed-interest securities. The aim is to track the FTSE/JSE All Bond Index. By investing in a passive vehicle the returns to investment strategies are known. By applying a full replication strategy there is minimum risk of deviation from the chosen benchmark.