The mandate of the Satrix Quality South Africa ETF ("Satrix Quality") is to track, as closely as possible, the value of the S&P Quality South Africa Index.
Satrix Quality South Africa ETF is an index tracking fund, registered as a Collective Investment Scheme, and is also listed on the Johannesburg Stock Exchange as an Exchange Traded Fund.
Satrix Quality South Africa ETF provides investors with the price performance of the S&P Quality South Africa Index as well as pays out, on a quarterly basis, all dividends received from companies comprising the index, net of cost. In order to reduce costs and minimise tracking error, Satrix Quality South Africa ETF may engage in scrip lending activities with SIM and Investec. Manufactured (taxable) dividends could arise from such transactions.
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