ABSA Capital Funds

eRafi

The eRAFI™ ETF methodology weights shares based on fundamental valuation metrics - sales, cash flow, book price and dividends, as well as two additional filters (the quality of earnings screen and the financial distress risk screen) - rather than traditional market capitalisation.

NewRand

NewRand tracks the NewRand Index, which was designed by Absa Capital and calculated by FTSE (FTSE International Limited) and the JSE (JSE Limited). The NewRand Index tracks the performance of a basket of the top 10 South African Rand hedge stocks listed and traded on the JSE.

NewGold

Certified Shari'ah Compliant: The NewGold ETF is a non-interest based product investing directly in gold bullion.

NewGold continuously tracks the gold price and enables investors to invest in a listed instrument (structured as a debenture) in which each security is equivalent to approximately 1/100 ounces of real gold held in a secured stockpile of gold bullion.

Shari'ah Top 40

Certified Shari'ah Compliant: NewFunds Shari'ah Top 40 tracks the Shari'ah Top 40 jointly established by London's FTSE International Limited (FTSE) and Johannesburg's JSE Limited (JSE). This FTSE/JSE Shari'ah Top 40 is designed to reflect the Shari'ah compliant companies identified from the top 40 companies listed on the main board of the JSE as measured by market capitalisation. A dual step Yasaar Ltd (Yasaar) approved screening process is undertaken by the FTSE and the JSE and verified by Yasaar to ensure that all companies included in the index are Shari'ah complaint. Yasaar Research Inc scholars represent all of the major Shari'ah schools of thought, creating a best practise approach that has credibility across all regions of the Islamic world.

NewSA

NewSA tracks the performance of the NewSA Index, a modified Top40 index that weights the top 40 JSE listed companies in accordance with their empowerment ratings (as measured by Empowerdex, an independent empowerment rating agency). These ratings are calculated according to the Department of Trade and Industry's (dti's) Codes of Good Practice on B-BBEE, which take into account the seven pillars of transformation: ownership, management, employment equity, skill development, preferential procurement, enterprise development, and socio-economic development. The NewSA index is independently calculated by the FTSE (FTSE International Limited and the JSE (JSE Limited) and updated daily.

eRafi Industrial 25

The NewFunds eRAFI™ SA Industrial 25 Index ETF Portfolio, in the NewFunds Collective Investment Scheme, is a portfolio of Constituent Securities held with the objective of tracking the eRAFI™ Industrial 25 Index,. The index is comprised of securities in the 25 companies with the largest fundamental value, selected from a universe of the industrial sector companies that fall within the top 100 companies listed on the JSE, as measured by market capitalisation.

eRafi Financial 15

The eRAFI™ Financial 15 Index ETF in the NewFunds Collective Investment Scheme, is a portfolio of Constituent Securities held with the objective of tracking the eRAFI™ Financial 15 Index. The index is comprised of securities in the 15 companies with the largest fundamental value, selected from a universe of the financial sector companies that fall within the top 100 companies listed on the JSE, as measured by market capitalisation.

eRafi Resource

NewFunds eRAFI™ SA Resource 20 Index ETF Portfolio, in the NewFunds Collective Investment Scheme, is a portfolio of Constituent Securities held with the objective of tracking the eRAFI™ Resource 20 Index. The index, which is calculated by RisCura, is comprised of securities in the 20 companies with the largest fundamental value, selected from the universe of the resource sector companies that fall within the top 100 companies listed on the JSE, as measured by market capitalisation.