Fund Summary
This ETF tracks the Wealth Next 40 Equal Weighted Index (a custom index calculated independently by the S&P Dow Jones Indices). Get an equal weighted exposure to the "Next 40" companies on the JSE by float-adjusted market cap (effectively share ranked from 21- 60). Designed to be used in conjunction with 10X Wealth Top 20 Capped ETF.
Benefits to Investors
Equal Weighting
Allocates your investment equally (2.5% per holding) so your concentration risk is minimised.
Mid-cap
This is a suitable fund for investors that want exposure to liquid mid-cap shares on the JSE.
ETF Details
| Share code | WNXT40 |
| Current price / NAV | R 11.68 |
| Fund size | R 380 872 605.38 |
| Distributable amount | 14.83c |
General Fund Details
| Classification | South African-Equity-General |
| Benchmark | Wealth Next 40 Equal Weighted Index |
| Distribution dates | March, June, September, December |
| Asset manager | 10X Fund Managers (RF) (Pty) Ltd |
| Trustee | FirstRand Bank Limited |
| Auditor | PricewaterhouseCoopers Incorporated |
| Risk profile | Aggressive (5/5) |
ETF Fund Holdings (daily)
ETF Fund Holdings (month-end)
ETF Fund Distributions
| Quarter Ended | Cents Per Unit (CPU) |
|---|---|
| June 2024 | 24.98 |
| March 2024 | 7.95 |
| December 2023 | 10.21 |
| September 2023 | 14.33 |
| June 2023 | 4.24 |
All distributions are gross distributions (before dividends withholdings tax)