AUGUST 2017 etfsa.co.za MONTHLY SOUTH AFRICAN ETF, ETN AND UNIT TRUST PASSIVE INDEX TRACKING PERFORMANCE SURVEY Mike Brown, Managing Director, etfsa.co.za The Performance Survey for the period ended 31 August 2017, is attached. The Survey measures total investment returns for all 71 JSE listed ETFs/ETNs, and 29 index tracking unit trusts for periods of one month to ten years. The summary table of the best performing passive index tracking products is shown below. The total return performance of each Exchange Traded Fund is shown in Section A (pages 3-5); Exchange Traded Notes in section B (pages 5-6); and Index Tracking Unit Trusts in Section C (pages 7-8). Summary Table etfsa.co.za Monthly Performance Survey Best Performing Index Tracker Funds 31 August 2017 (Total Return % Performance)* Fund Name Type 5 Years Fund Name Type () () Satrix INDI 25 ETF 16,43% DBX Tracker MSCI USA ETF 23,24% Prudential Enhanced Property Tracker Fund Unit T 14,73% DB MSCI China ETN 22,15% NewGold ETF 13,03% DBX Tracker MSCI World ETF 20,56% Satrix SWIX Top 40 ETF 10,39% DBX Tracker MSCI Japan ETF 20,07% 3 Years () 2 Years () DB MSCI China ETN 18,10% NewFunds S&P GIVI RESI ETF 27,39% DBX Tracker MSCI USA ETF 15,75% Absa NewWave Palladium ETF 26,14% CoreShares PropTrax Ten ETF 15,41% Standard Bank Palladium-Linker ETN 24,12% DBX Tracker MSCI Japan ETF 13,95% Standard Bank Africa Palladium ETF 23,33% 1 Year 6 Months Standard Bank Africa Rhodium ETF 51,46% DB MSCI China ETN 31,29% Absa New Palladium ETF 23,55% Standard Bank Africa Rhodium ETF 22,15% DB MSCI China ETN 23,41% Standard Bank Palladium-Linker ETN 20,78% Standard Bank Palladium-Linker ETN 23,32% Standard Bank Africa Palladium ETF 20,40% 3 Months Standard Bank Africa Rhodium ETF 20,92% DB MSCI China ETN 18,13% Standard Bank Copper ETN 18,45% Source: etfsa.co.za / Profile Media Funds Data (31/8/2017) Ashburton Momentum Index Fund * Includes reinvestment of dividends. Unit T 14,99% 1
A) EXCHANGE TRADED FUNDS 1 Month 3 Months 6 Months 1 Year 2 years 1. TOP 40 ETF PRODUCTS FTSE/JSE Top 40 Index (total return) 2,57% 6,45% 15,13% 10,91% 9,13% 6,06% 13,13% 14,22% 9,78% Ashburton Top 40 Portfolio 2,55% 6,39% 14,66% 10,16% 8,66% 4,61% 13,28% 14,41% - CoreShares Equally Weighted Top 40 2,42% 4,01% 6,45% 1,17% 3,30% 3,03% 8,74% 11,45% - NewFunds SWIX Top 40 (Total Return) 2,27% 4,83% 13,95% 7,12% 7,25% 5,80% 12,71% - - Satrix 40 Portfolio 2,56% 4,51% 14,14% 8,51% 8,27% 5,37% 12,49% 13,63% 9,54% Satrix SWIX Top 40 Portfolio 1,87% 2,64% 13,37% 5,25% 7,07% 5,81% 13,00% 14,48% 10,39% STANLIB Top 40 2,53% 4,53% 14,29% 8,73% 8,80% 5,57% 12,71% - - STANLIB Swix Top 40 1,81% 2,65% 13,45% 5,48% 7,63% 6,06% 13,195 - - 2. JSE Sector Exposure ETFs FTSE/JSE Industrial 25 Index (total return) 1,94% 3,70% 17,13% 8,80% 11,19% 11,01% 18,84% 21,74% 16,85% NewFunds S&P GIVI INDI 0,05% (2,31%) 8,99% (0,63%) 7,81% 5,71% 13,95% 16,01% - Satrix INDI 25 1,81@ 1,93% 16,19% 6,55% 10,33% 10,16% 17,99% 21,11% 16,43% FTSE/JSE Financial 15 Index (total return) 2,05% 4,92% 6,48% 10,57% 3,06% 8,37% 14,18% 15,94% 10,80% NewFunds S&P GIVI FINI (1,00%) (1,92%) 0,78% (6,38%) (10,21%) (2,43%) 8,49% 11,53% - Satrix FINI 15 2,58% 4,35% 7,61% 10,35% 1,60% 6,17% 13,44% 14,83% 9,85% FTSE/JSE Resources 10 Index (total return) 4,52% 15,30% 15,35% 18,05% 3,15% (11,04%) (1,59%) (0,22%) (1,16%) NewFunds S&P GIVI RESI 3,45% 3,08% 9,68% (17,55%) 27,39% 4,58% 10,20% 8,69% - Satrix RESI 10 5,04% 12,33% 13,21% 12,36% 1,88% (10,24%) (0,04%) (1,01%) (0,78%) 2
A) EXCHANGE TRADED FUNDS(continued) 1 Month 3 Months 6 Months 1 Year 2 years 3. Bond (Fixed Interest) ETFs All Bond Total Return Index (total return) 1,03% 1,58% 4,49% 10,20% 7,29% 6,67% 6,31% 7,69% 8,57% Ashburton Government Inflation 0,10% (0,17%) (1,28%) (0,39%) 3,11% 4,26% 6,36% 8,77% - NewFunds GOVI (Total Return) 1,05% 1,62% 4,62% 10,03% 7,32% 6,41% 6,14% - - NewFunds ILBI (Inflation-Linked) (Total Return) 0,12% (0,14%) (1,31%) (0,40%) 3,17% 3,84% 5,75% - - FNB US Dollar Custodian Certificate ETF 0,88% 1,74% 4,13% - - - - - - Satrix ILBI 0,25% (0,11%) - - - - - - - 4. Property ETFs FTSE/JSE Property (SAPY) Index (total return) 0,76% 4,79% 5,55% 9,405 6,40% 13,02% 11,65% 15,60% 14,58% CoreShares PropTrax SAPY 0,30% 4,84% 4,62% 8,12% 6,24% 12,70% 11,16% 14,93% - CoreShares PropTrax TEN (0,64%) 5,56% 5,23% 8,43% 8,64% 15,41% 13,52% - - CoreShares S&P Global Property ETF (0,44%) 4,05% 5,94% - - - - - - Satrix Property (2,67%) (2,56%) - - - - - - - STANLIB Property 0,74% 4,70% 5,38% 8,99% 7,02% 13,07% - - - 5. Style ETFs FTSE/JSE All Share Index (total return) 2,65% 6,04% 12,37% 10,14% 9,38% 6,56% 13,10% 14,32% 10,18% Ashburton MidCap 4,46% 5,36% (0,39%) 2,51% 8,73% 6,80% 11,74% - - CoreShares Dividends Aristocrat - - CoreShares Low Volatility - - - CoreShares S&P Top 50 2,74% 13,61% 18,85% 10,02% 9,54% - - - - CoreShares Green 2,77% 2,16% 1,29% 9,95% 10,59% 2,89% 7,97% - - Continued/ 3
A) EXCHANGE TRADED FUNDS(continued) 1 Month 3 Months 6 Months 1 Year 2 years FTSE/JSE All Share Index (total return) - continued NewFunds Equity Momentum Fund (Total Return) 3,57% 7,44% 8,59% 5,26% 7,21% 7,80% 11,66% - - NewFunds Shari ah Top 40 3,46% 10,54% 10,45% 7,00% 1,96% (5,57%) 4,88% 5,97% - NewFunds NewSA 3,46% 4,52% 7,62% 7,83% 2,62% 1,43% 10,31% 12,40% - NewFunds S&P GIVI Top 50 0,26% (1,32%) 6,93% (2,74%) 1,22% (1,32%) 8,04% 9,83% - MAPPS Protect 1,21% 2,34% 6,12% 5,12% 5,80% 5,24% 8,50% - - MAPPS Growth 1,88% 3,84% 11,17% 7,00% 6,94% 5,66% 10,93% - - Satrix DIVI Plus 4,24% 6,41% 7,58% 12,31% 7,91% 3,39% 6,9% 9,53% - Satrix RAFI Total Return 3,41% 6,31% 10,59% 12,62% 10,66 4,34% 10,64% 11,85% - 6. Foreign ETFs MSCI World Index (in Rands) (1,97%) 1,04% 4,92% (0,07%) 7,08% 10,96% 18,47% 18,00% 8,49% Cloud Atlas AMI Big50 ex-sa ETF 3,36% 4,70% CoreShares S&P 500 ETF (1,34%) 1,22% 4,73% - - - - - - DBX Tracker MSCI Eurostoxx 50 (1,45%) 1,56% 17,66% 9,53% 7,32% 7,23% 17,03% 13,61% 4,36% DBX Tracker MSCI FTSE 100 (2,21%) (1,35%) 7,69% (2,71%) 1,48% 3,88% 13,20% 14,17% 5,98% DBX Tracker MSCI USA (1,26%) 1,81% 5,01% 1,54% 11,89% 15,75% 23,24% 23,66% - DBX Tracker MSCI Japan (0,80%) 2,78% 7,35% 2,26% 6,68% 13,95% 20,07% 15,77% - DBX Tracker MSCI World (1,36%) 1,83% 7,48% 2,03% 9,90% 12,82% 20,56% 19,78% - 7. Money Market ETFs CoreShares PrefTrax 0,11% (1,81%) 1,41% 5,73% 8,96% 4,04% 4,08% - - NewFunds TRACI (Total Return) 0,58% 1,81% 3,60% 7,26% 6,96% 6,66% 6,09% - - 4
A) EXCHANGE TRADED FUNDS(continued) 1 Month 3 Months 6 Months 1 Year 2 years 8. Commodity ETFs Absa NewGold 2,35% 2,41% 4,20% (11,54%) 6,32% 7,23% 3,53% 9,00% 13,03% Absa NewPlat 3,91% 2,99% (4,19%) (16,86%) (2,38%) (5,69%) - - - Absa New Palladium 3,99% 14,29% 20,40% 23,55% 26,14% 8,26% - - - FNB Krugerrand Custodian Certificate ETF 2,33% 2,59% 4,53% (10,85%) 11,10% - - - - Standard Bank Africa Palladium ETF 3,19% 12,39% 19,69% 22,49% 23,33% 7,62% - - - Standard Bank Africa Gold ETF 2,23% 2,46% 4,36% (11,07%) 6,40% 7,34% - - - Standard Bank Africa Platinum ETF 4,43% 3,63% (4,07%) (16,62%) (2,20%) (5,55%) - - - Standard Bank Africa Rhodium ETF 13,26% 20,92% 22,15% 51,46% - - - - - B) EXCHANGE TRADED NOTES 1 Month 3 Months 6 Months 1 Year 2 years Absa Capital NewWave EURO (0,39%) 4,46% 11,71% (5,33%) 1,66% 3,31% 5,89% - - NewWave Pound (3,40%) (1,30%) 3,27% (12,79%) (9,62%) (1,62%) 3,40% - - NewWave US Dollar (1,21%) (0,91%) 0,15% (10,5$%) (0,79%) 7,21% 8,88% - - NewWave Platinum 4,66% 2,90% (4,52%) (16,31%) (2,01%) (5,46%) (0,16%) - - NewWave Silver 2,75% 0,90% (0,88%) (13m85%) 8,87% 2,67% (5,10%) - - Deutsche Bank DB MSCI China Total Return 7,89% 18,13% 31,29% 23,41% 20,15% 18,10% 22,15% - - DB MSCI Emerging Markets Total Return 0,98% 7,88% 17,32% 10,56% 16,45% 8,90% 14,13% - - DB Africa Top 50 Capped Total Return 3,28% 6,60% 13,04% 3,92% 6,95% 1,98% 10,95% - Continued/ 5
B) EXCHANGE TRADED NOTES (continued) 1 Month 3 Months 6 Months 1 Year 2 years Standard Bank Africa Equity Index Total Return 1,24% 11,78% 14,67% 1,56% 16,41% (8,25%) 1,57% - - Africa Commodity Basket Index 0,85% 3,21% (1,25%) (3,18%) 4,25% (3,45%) 0,24% - - Gold-Linker 2,28% 2,39% 4,48% (10,98%) 6,77% 7,68% 3,73% 8,72% - Silver-Linker 2,98% 0,12% (5,87%) (18,82%) 7,15% 1,15% (4,31%) 5,28% - Palladium-Linker 4,15% 13,99% 20,78% 23,32% 24,12% 7,67% 17,69% 17,55% - Platinum-Linker 4,86% 4,01% (4,41%) (17,67%) (2,60%) (6,12%) (0,92%) 0,83% - Copper ETN 5,48% 18,45% 13,36% 29,71% 12,73% 4,85% 5,67% - - Corn ETN (10,42%) (12,80%) (14,35%) (12,80%) (14,08%) (5,99%) (12,27%) - - Oil ETN (3,99%) (3,90%) (14,68%) (17,03%) (13,59%) (26,00%) (11,64%) - - Wheat ETN (14,99%) (9,51%) (14,37%) (19,18%) (18,53%) (12,97%) (14,23%) - - Source: etfsa.co.za / Profile Media Funds Data (31/8/2017) Terms and conditions: Redistribution, reproduction, the resale or transmission to any third party of the contents of this article and this website, whether by email, newsletter, internet or website, is only possible with the written permission of etfsa.co.za. etfsa.co.za, its sponsors, administrators, contributors and product providers disclaim any liability for any loss, damage, or expense that might occur from the use of or reliance on the data and services provided through this website. etfsa.co.za is the registered trading name of M F Brown, an authorised Financial Services Provider (FSP No 39217). etfsa.co.za is licensed to provide financial services in the following categories: Collective Investment Schemes; Shares and Securities; Retail Pension Fund Benefits; Short-Term deposits; Long-Term Insurance, Category C; and Friendly Society Benefits. Professional Indemnity Insurance is maintained. etfsa.co.za, and etfsa The Home of Exchange Traded Funds are registered trademarks in the Republic of South Africa 6
C) INDEX TRACKING UNIT TRUSTS 1 Month 3 Months 1 Year 1. TOP 40 PRODUCTS FTSE/JSE Top 40 Index (total return) 2,57% 6,45% 10,91% 6,06% 13,13% 9,78% Kagiso Top 40 Tracker Fund 2,50% 6,20% 9,97% 4,99% 12,05% 8,87% Momentum Top 40 Index Fund 2,59% 6,06% 9,45% 5,43% 12,34% 8,79% Satrix Equally Weighted Top 40 Index Fund 2,48% 3,62% 1,17% 2,29% 8,07% - Satrix Top 40 Index Fund 2,52% 6,26% 10,11% 5,12% - - Sygnia Top 40 Index Fund 2,51% 6,28% 10,22% 5,43% - - Sygnia SWIX Index Fund 2,40% 4,72% 7,00% 6,31% - - 2. Other Equity Index Tracking Products FTSE/JSE All Share Index (total return) 2,65% 6,045 10,14% 6,56% 13,105 10,16% Gryphon All Share Tracker Fund 2,32% 5,75% 10,68% 6,34% 12,84% 9,83% Stanlib Index Fund 2,13% 4,15% 6,55% 4,76% 11,79% 9,39% Satrix ALSI Index Fund 2,63% 5,93% 9,27% 5,72% 12,21% - Satrix RAFI 40 Index Fund 3,66% 8,32% 14,47% 3,83% 10,05% - Ashburton Momentum SA Tracker Fund 5,20% 14,99% (6,75%) - - - Satrix Momentum Index Fund 3,05% 7,26% 9,98% 8,97% - - Old Mutual RAFI 40 Tracker Fund 3,61% 8,30% 14,54% 4,24% 10,45% - Ashburton Low Beta SA Composite Tracker Fund 0,83% 2,31% 2,89% - - - Ashburton Enhanced Value SA Tracker Fund 8,82% 11,40% 23,88% - - - Satrix Balanced Index Fund 1,50% 4,01% 6,16% 6,65% - - Satrix Low Equity Balanced Index Fund 0,70% 2,06% 4,10% 6,59% - - Satrix Dividend Plus Index Fund 4,96% 8,61% 14,62% 3,17% 6,27% - Sygnia Dividend Index Fund 4,90% 8,78% 14,43% 3,26% - - Continued/ 7
C) INDEX TRACKING UNIT TRUSTS 1 Month 3 Months 1 Year 3. Bond Tracking Unit Trusts All Bond Index (total return) 1,03% 1,58% 10,20% 6,67% 6,31% 8,57% Ashburton GOVI Tracker Fund 0,96% 1,50% 9,48% - - - Satrix Bond Index Fund 0,99% 1,48% 9,69% 6,01% - - Stanlib ALBI Tracker Fund 1,00% 1,10% 9,79% - - - Sygnia All Bond Index Fund 1,01% 1,13% 9,83% - - - 4. Property Index Tracking Unit Trusts FTSE/JSE Property SAPY Index (total return) 0,76% 4,79% 9,40% 13,02% 11,65% 14,58% Ashburton Property Tracker Fund 0,68% 4,75% 8,51% - - - Satrix Property Index Fund 0,71% 4,67% 8,64% 12,67% 11,05% Prudential Enhanced SA Property Tracker Fund 0,68% 4,31% 9,40% 13,85% 12,25% 14,73% Sygnia Listed Property Index Fund 0,73% 4,69% 9,03% 12,88% - - 5. Global Index Tracking Unit Trusts MSCI World Index (Rands) (1,97%) 1,04% (0,07%) 10,96% 18,47% 8,49% Old Mutual Global RAFI Index Fund (0,90%) 2,12% 3,35% 10,38% - - Satrix MSCI World Equity Index Feeder Fund (1,96%) 0,74% 0,955 11,96% - - Source: etfsa.co.za / Profile Media Funds Data (31/8/2017) The etfsa Performance Survey measures the total return (Net Asset Value (NAV to NAV)) changes including reinvestment of dividends) for index tracking unit trusts and Exchange Traded Funds (ETFs) available to the retail public in South Africa. The performance tables measure the 1 month to 10 years total return for a lump sum investment compared with the benchmark index returns (including reinvestment of dividends). All indices are shown in total return format. Note, as the FTSE/JSE calculates the index without taking into account any brokerage or other transaction costs, index tracking products will typically slightly underperform the index because of their transaction and other running costs. Please Note: future investment performance will not necessarily replicate historic performance data. All data used in the Survey is sourced from Profile Media, who obtain daily data from all index tracker product issuers. 8