The mandate of the Satrix Divi ETF ("Satrix DIVI ") is to track, as closely as possible, the value of the FTSE/JSE Dividend Plus index (J259).

Satrix Divi 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 Divi provides investors with the price performance of the FTSE/JSE Dividend Plus index (J259) 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 Divi engages in scrip lending activities with SIM and Investec. Manufactured (taxable) dividends could arise from such transactions.