ETFCentral
Satrix SWIX Top 40 ETF
Summary
Issuer
Satrix
Short Code
STXSWX
Launch Date
10 April 2006
Index Tracked
FTSE/JSE Swix Top 40
Exposure
Local/Offshore
Local
Asset Class
Equity
Cost
TER
0.44%
Smart Beta
Smart Beta
Yes
Smart Beta Type
Alternative Weighting
Dividends
Distribution Dates
Jan, Mar, Jun, Sep
Last Dividend Payout
22 April 2020
Next Dividend Payout
TBC
Detailed Description
This ETF seeks to provide investors with income and capital growth in the medium to long term by tracking the FTSE/JSE Shareholder Weighted Top 40 Index as closely as possible. The index includes the largest 40 companies listed on the JSE, ranked by SWIX net market cap. SWIX stands for Shareholder Weighted Index and refers to the proportion of the company's shares held on the South African share register. Distributions are made quarterly.