Satrix RAFI 40 ETF
STXRAF.JO
Johannesburg Stock Exchange- -
ZAc
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Building 2, 11 Alice Lane Sandton South Africa 2196
- IPO Date
- Oct 16, 2008
- Website
- satrix.co.za
- Similar Companies
- Business
- Satrix RAFI 40 ETF (STXRAF.JO) is an exchange-traded fund that tracks the FTSE/JSE RAFI 40 Index, selecting and weighting the top 40 South African companies based on fundamental factors including sales, cash flow, book value, and dividends to implement a value-oriented investment strategy. The ETF provides investors with exposure to diversified sectors such as basic materials, financials, consumer staples, and industrials across all market capitalizations; it offers price performance aligned with the index benchmark, quarterly dividend distributions net of costs, and eligibility for tax-free investments in South Africa up to specified annual and lifetime limits. Launched on October 16, 2008, and domiciled in South Africa, the fund is managed by Satrix Managers (RF) Proprietary Limited with investment management outsourced to Sanlam Investment Management Proprietary Limited; it is listed on the Johannesburg Stock Exchange with headquarters operations based in Sandton, South Africa. In 2023, the fund underwent a significant operational change through a unitholder ballot approving its conversion from a reinvesting to a distributing ETF, enabling periodic cash payouts of dividends instead of automatic reinvestment, alongside a name simplification from Satrix RAFI 40 Index ETF Portfolio to Satrix RAFI 40 ETF. The ETF maintains a total expense ratio of 0.50% including VAT, a management fee of 0.46%, and engages in securities lending with a utility ratio of 6.82%, serving primarily retail and institutional investors seeking aggressive equity growth through fundamental indexation licensed from Research Affiliates. As of August 2025, top holdings include Sibanye Stillwater Limited, British American Tobacco Plc, and Naspers Ltd, with a portfolio size exceeding R1.5 billion and nearly 14,000 investors.