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NEWFUNDS COLLECTIVE INVESTMENT SCHEME - Distribution Announcement for the Quarter Ended 30 September 2021-NFSH40

Release Date: 14/10/2021 11:30
Code(s): NFSH40     PDF:  
Wrap Text
Distribution Announcement for the Quarter Ended 30 September 2021-NFSH40

Share code: NFSH40
ISIN: ZAE000130431

Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary
Limited (Registration Number 2005/034899/07) ("NewFunds")

NewFunds has today finalised a distribution to holders of ETF securities ("investors") recorded as such in the register on Friday, 22 October 2021, for the quarter ended 30 September 2021 as follows:

Alpha Code: NFSH40                                                            Dividend                  Dividend               Tax Reclaim                  Total
Distribution Source type                                                                Local      Foreign SA Listed         Foreign SA listed
Net Distribution Reinvested                                                               No                     No                        No
Source of Funds (Country Code)                                                            ZA                  Note 1                       CH
Subject to Foreign Withholding tax                                                        No                     No                        No
Gross Foreign Rate (cents per unit)                                                                         8,38391                  0,08925
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)                                              10,64154                8,38391                  0,08925                  19,11470
                                                          ***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit)                                                   10,64154                8,38391                  0,08925
SA Withholding Tax %                                                               20,00000%              20,00000%
SA Withholding Tax amount per unit                                                   2,12831                1,67678
Local Net Rate                                                                       8,51323                6,70713                  0,08925                  15,30961

Note 1:
Source of foreign dividends subject to SA dividend tax:
Great Britain                                                                                                                                                       98%
Netherlands                                                                                                                                                          2%

Notice is hereby given that the following dates are of importance in regard to the distribution by the above ETF for the quarter ended 30 September 2021:
Declaration/ Finalisation date                                                                                         Thursday, 14 October 2021
Last day to trade “cum” distribution                                                                                   Tuesday, 19 October 2021
Securities trade “ex” distribution                                                                                     Wednesday, 20 October 2021
Record date                                                                                                            Friday, 22 October 2021
Payment date                                                                                                           Monday, 25 October 2021

The distribution will be paid on Monday, 25 October 2021 to all securities holders recorded on the register on Friday, 22 October 2021.

Investors qualifying for exemption from DWT or a reduced rate of DWT per Double Tax Agreement ("DTA"), will receive, in cash, a distribution amount of the applicable DWT, provided they have completed and timeously lodged
with the relevant intermediary the prescribed declaration and undertaking form.
Failure to do so will result in the dividends tax being withheld in full.

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 comprise of any interest, it will not be subject to WTI by virtue of the fact that it is Government debt, listed debt instruments and/or bank debt.

Holders of Shariah ETF securities
Holders of Shariah ETF securities (“investors”) are advised that the appropriate purification of dividends, through the donation of 5% of the dividends to charity, needs to be effected by each investor. Absa Islamic Banking's Shari'ah
Supervisory Board (''SSB'') has provided the following list of approved charitable institutions. The list is not exhaustive and it is therefore not obligatory to use one of the specified charities:
1. Al Furqaan Orphanage (Gauteng)
2. Gift of the Givers (RSA)
4. Africa Muslims Agency (RSA)
5. Al-Imdaad Foundation
6. Muslim Hands (RSA)
7. Islamic Relief Agency (RSA)
8. Bait-ul-Khair (Gauteng)
9. TIBA Services for the Blind (Gauteng)
10. Mustadafin Foundation (

*Investors should seek advice from their tax advisor on whether the tax rate shown is applicable to them.

South African tax resident investors relating to REITs
** The dividend distribution by a REIT received by South African tax residents must be included in their gross income and will not be exempt in terms of the ordinary dividend exemption in section 10(1)(k)(i) of the Income
Tax Act No. 58 of 1962 (“the Act”) as a result of paragraph (aa) of the proviso thereto which provides that dividends distributed by a REIT are not exempt from income tax.
No dividend withholding tax will be deducted from dividends payable to a South African tax resident qualifying for exemption from dividend withholding tax provided that the investor has provided the following forms to
their Central Securities Depository Participant (“CSDP”) or broker, as the case may be in respect of its participatory interest:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written undertaking to inform their CSDP or broker, as the case may be, should the circumstances affecting the exemption change or the beneficial owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. South African tax resident investors are advised to contact their CSDP or broker, as the case may be, to arrange for the abovementioned documents to
be submitted prior to payment of the distribution, if such documents have not already been submitted.

Non-resident investors for South African income tax purposes
The dividend distribution received by non-resident investors will be exempt from income tax in terms of section 10(1)(k)(i) of the Act, but will be subject to dividend withholding tax. Dividend withholding tax is levied at a
rate of 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (“DTA”) between South Africa and the country of residence of the non-resident investor.
A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-resident investor has provided the following forms to their CSDP or broker, as the case may be in respect of its
participatory interest:
Additional information:
                                                                        Number                   Tax
                                                                     of securities            reference
                                                                        in issue               number

NFSH40                                                                    15 575 446                9403872162

Thursday, 14 October 2021

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Date: 14-10-2021 11:30:00
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