| Thu 7 Nov 2024, 14:00 | | Listing of the Satrix Global Balanced Fund of Funds ETF (“The Portfolio”) and Scheme Satrix Global Balanced Index |
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Listing of the Satrix Global Balanced Fund of Funds ETF (“The Portfolio”) and Scheme Satrix Global Balanced Index
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX GLOBAL BALANCED FUND OF FUNDS ETF
JSE Code: STXGLB
ISIN: ZAE000341509
("Satrix Global Bal FOF " or the "ETF")
A portfolio in the Satrix Collective Investment Scheme, registered as
such in terms of the Collective Investment Schemes Control Act, 45 of
2002
LISTING OF THE SATRIX GLOBAL BALANCED FUND OF FUNDS ETF ("THE
PORTFOLIO") AND THE SCHEME REFERENCING THE SATRIX GLOBAL BALANCED
INDEX ON THE MAIN BOARD OF THE JSE LIMITED ("JSE") IN THE EXCHANGE
TRADED FUND SECTOR
This announcement is issued for information purposes only relating to
the listing of the portfolio on the JSE.
1. Introduction
The Satrix Global Balanced FOF participatory interests tracks the
Satrix Global Balanced Index "the Index" and aims to provide investors
with optimally diversified exposure to a global basket of indices
representing different asset classes and investment strategies priced
in ZAR. It includes a diversified blend of international asset
classes, including, but not limited to, equities, bonds, inflation-
linked bonds, credit, listed property and listed infrastructure
securities.
2. Listing approval
Approval for the listing of the participatory interest in the
portfolio was granted by the JSE by way of an initial public offer on
07 November 2024.
3. Summary of the offer
3.1. Issuer
The Satrix Global Balanced FOF ETF, a portfolio in the Satrix
Collective Investment Scheme in Securities, registered in terms
of the Collective Investment Schemes Control Act, No 45 of 2002.
3.2. ISIN: ZAE000341509
3.3. Share code: STXGLB
3.4. Long name: Satrix Global Bal FOF
3.5. Abbreviated name: SATRIXGLB
3.6. Index
The Satrix Global Balanced Index, a composite index made up of
a variety of component indices reflecting different asset
classes. The design of the Satrix Global Balanced Fund of Funds
ETF is to track each of these component asset class indices using
underlying exchange traded funds tracking each of these asset
class indices. The Index captures a risk-optimised globally
diversified blend of different asset classes calculated in ZAR.
In line with the Index ground rules, the composition of the Index
will be reviewed periodically to take account of regulatory
changes and market opportunities. The Index will rebalance back
to the target strategic asset allocation every six months.
3.7. Distribution or accounting period
Distribution in a quarterly period ending on the last day of
March, June, Sept and Dec in each year of all the income received
on the underlying securities in the index, or such other date
as may be determined by the manager in consultation with the
Trustee from time to time and as announced on SENS.
3.8. The ramp up period
It is the period during which the manager will procure the
acquisition of baskets with the cash proceeds from the initial
public offer and will be announced at the close of the offer.
4. Salient dates and times
4.1. Opening date of the initial offer at 09:00 on Friday,08 November
2024
4.2. Closing date of the initial offer at 12:00 on Monday, 25
November 2024
4.3. Ramp up period in respect of cash subscriptions commences on
Tuesday, 26 November 2024
4.4 Settlement of Letters of allocation on Wednesday, 27 November
2024
4.5. Publication of announcement on SENS as to the results of the
initial offer on Thursday, 28 November 2024
4.6 Publication of conversion ratio and issue price on Monday, 02
December 2024
4.8. Listing date at 9:00 on Wednesday, 04 December 2024
* One letter of allocation ("LA") will be issued for every Rand
subscription against a subscriber's CSDP or broker account being
debited with the Rand amount. Once the baskets of Index
constituents have been acquired, STRATE will convert the LAs to
Satrix securities in the CSDP accounts in terms of the conversion
ratios that will be published on SENS.
5. Copies of the supplement to the programme memorandum
A supplement to the programme memorandum detailing this offer is
available on the website of the Satrix Collective Investment Scheme
on www.satrix.co.za.
07 November 2024
Satrix Managers (RF) Pty Limited
Sponsor
Vunani Sponsors
Date: 07-11-2024 02:00:00
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