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FNBWGB - Distribution Finalisation Announcement
FNB CIS Manco (RF) Proprietary Limited
FNB World Government Bond ETF (formerly known as Ashburton World Government Bond ETF)
A portfolio in the FNB Collective Investment Scheme in Securities Exchange Traded Funds (the "portfolio")
registered in terms of the Collective Investment Schemes Control Act, 45 of 2002
Share Code: FNBWGB
ISIN: ZAE000303137
DISTRIBUTION FINALISATION ANNOUNCEMENT
The manager and trustees (namely FNB CIS Manco (RF) Proprietary Limited and Standard Chartered
Bank) have resolved to make a quarterly distribution to the holders of the FNB World Government Bond
ETF securities for the quarter ended 31 October 2023.
The aggregate distribution will amount to 2.15444 cents per FNB World Government Bond ETF security
and is constituted as follows:
Alpha Code: FNBWGB *Interest Other income Total
Distribution Source type Foreign Local
Net Distribution Reinvested No No
Source of Funds (Country Code) Table 1 ZA
Subject to Foreign Withholding tax No No
Gross Foreign Rate (cents per unit) 1.31371
Foreign Tax % withheld at source
Foreign Tax amount per unit
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 1.31371 0.84073 2.15444
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 1.31371 0.84073
SA Withholding Tax %
SA Withholding Tax amount per unit
Local Net Rate 1.31371 0.84073 2.15444
Table 1
Country ISO Code Split
Spain ES 7.6%
United States US 26.2%
Great Britain GB 3.2%
Australia AU 2.2%
Malayisa MY 3.9%
Japan JP 15.5%
Germany DE 4.2%
France FR 10.3%
Austria AT 0.4%
Italy IT 19.6%
Canada CA 1.8%
Ireland IE 1.2%
New Zealand NZ 0.1%
Poland PL 2.1%
Singapore SG 1.7%
100%
*Source of funds: Sovereign bonds coupons which are constituents of the FTSE World Government
Bond Index
Notice is hereby given that the following dates are of importance regarding the distribution for the quarter
ended 31 October 2023 to the holders of the FNB World Government Bond ETF securities:
Last day to trade "cum" distribution: Tuesday, 21 November 2023
Securities trade "ex" distribution: Wednesday, 22 November 2023
Record date: Friday, 24 November 2023
Payment date: Monday, 27 November 2023
Creations or redemptions from the fund will not be allowed during the period from 21 November
2023 to 24 November 2023 both days inclusive.
Withholding Tax on Interest (WTI) came into effect on 1 March 2015.
Interest accruing from a South African source to a non-resident, excluding a controlled foreign company,
will be subject to withholding tax at a rate of 15% on payment, except interest:
• arising on any Government debt instrument.
• arising on any listed debt instrument.
• arising on any debt owed by a bank or the South African Reserve Bank.
• arising from a bill of exchange or letter of credit where goods are imported into South Africa and
where an authorized dealer has certified such on the instrument.
• payable by a headquarter company.
• accruing to a non-resident natural person who was physically present in South Africa for a period
exceeding 183 days in aggregate, during that year, or carried on a business through a permanent
establishment in South Africa.
Investors are advised that to the extent that the distribution amount comprises of any interest, it
will not be subject to WTI by virtue of the fact that it is listed debt instruments and/or bank debt.
Both resident and non-resident investors are encouraged to consult their professional advisors
should they be in any doubt as to the appropriate action to take.
There are 64,134,683 FNB World Government Bond ETF securities in issue. The total distribution amount
payable is R 1,381,743.26.
FNB World Government Bond ETF Income Tax number is 2037/954/17/5.
A copy of the ETF issue document can be found at:
https://www.fnb.co.za/share-investing/exchange-traded-funds.html
14 November 2023
Johannesburg
Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 14-11-2023 05:00:00
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