Total Return - dividends are automatically reinvested
Last Dividend Payout
N/A
Next Dividend Payout
N/A
Detailed Description
The NewFunds Low Volatility Equity ETF ("the Portfolio") is aimed at providing an Investor
with diversified exposure to 20 highly liquid constituent securities in the South African
equity market that exhibit the lowest volatility as well as a low beta to the market in their
performance by tracking the Absa Wits Risk-Controlled SA Low Volatility Index ("the Low
Volatility Index"), where the constituent security’s weights in the Low Volatility Index is
determined by applying an equal risk contribution weighting scheme.
The Low Volatility Index was created by Absa Bank Limited (“Absa”) 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.