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Listing of the ETFSA Balanced Foundation Prescient AMETF
Prescient Management Company (RF) (Pty) Ltd
(Registration number 2002/022560/07)
("Prescient" or "the Manager")
(Being the manager of the Prescient ETF Scheme)
ETFSA Balanced Foundation Prescient Actively Managed EFT("ETFSAB")
(being a portfolio under the Prescient ETF Scheme ("the Scheme") registered in the Republic of South
Africa in terms of the Collective Investment Schemes Control Act, 45 of 2002 ("CISCA"))
Share Code: ETFSAB
Short Name: EBFAMETF
ISIN: ZAE000338000
LISTING OF THE ETFSA BALANCED FOUNDATION PRESCIENT ACTIVELY MANAGED ETF IN THE ACTIVELY MANAGED EXCHANGE
TRADED FUND SUB-SECTOR ON THE MAIN BOARD OF THE JSE LIMITED ("JSE")
1. INTRODUCTION
This announcement is issued in compliance with paragraph 19.27 of the JSE Listings Requirements for
information purposes, following the JSE approving the listing of participatory interests in the ETFSA
Balanced Foundation Prescient Actively Managed ETF.
The information set out below has been extracted from the Prescient ETF Programme Memorandum
("the Programme Memorandum") issued by the Manager on 26 May 2023 updated on 19 August 2024
and Fifteenth Supplement ("the Supplement") issued on 19 August 2024 and relates to the listing by
introduction of ETFSA Balanced Foundation Prescient Actively Managed ETF participatory interests in
the "Actively Managed ETF" sub-sector of the "Exchange Traded Funds" sector on the Main Board of
the JSE.
2. STRUCTURE
The EFTSAB portfolio is managed by Prescient, an approved manager of Collective Investment
Schemes and as such is governed in terms of CISCA. The Manager has entered into an agreement
with the Asset Manager, ETFSA Portfolio Management Company (Pty) Ltd, in terms of which the Asset
Manager will manage the underlying portfolio and execute transactions to reflect these changes on
behalf of the Manager. Standard Bank of South Africa Limited will act as the independent Trustee and
will fulfil its duties as specified in CISCA and the Regulations thereto.
3. SUMMARY OF THE LISTING
3.1 Issuer: Prescient ETF Scheme
3.2 ISIN: ZAE000338000
3.3 Share code: ETFSAB
3.4 Long name: EFB Actively Managed ETF
3.5 Short name: EBFAMETF
3.6 Issue size: 1000 units
3.7 Issue price: 1000 cents (R10)
3.8 Investment Policy:
The ETFSA Balanced Foundation Prescient Actively Managed Exchange Traded Fund ("ETFSA
Foundation Prescient AMETF") is an SA Multi-Asset High Equity portfolio with the objective to offer a
strategic asset allocation of multi-asset classes, to achieve steady, long-term capital growth that is
supplemented with income. This portfolio balances exposure to interest rate instruments, with
investments into global and local equity markets and is ideal for investors with a moderate to high risk
profile.
Investments to be acquired for the portfolio may include a combination of Exchange-Traded Products
("ETPs"), Notes and Securities listed both on local and global markets, subject to the maximum
prudential limits, as well as unlisted securities, as permitted under the Act.
The portfolio may also invest in participatory interests and other forms of participation in portfolios of
collective investment schemes, registered in South Africa and other similar schemes operated in
territories with a regulatory environment which is to the satisfaction of the manager and trustee of a
sufficient standard to provide investor protection at least equivalent to that in South Africa and which is
consistent with the portfolio's primary objective.
The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance
with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to
achieve the portfolio's investment objective. The manager may only include the following unlisted
financial instruments for efficient portfolio management purposes: forward currency, interest rate and
exchange rate swap transactions.
4. DESCRIPTION OF THE LISTING
The portfolio will be seeded through an introduction of 1,000 participatory interest in the portfolio at R10
(Ten Rand) per participatory interest.
ETFSA Portfolio Management Company (Pty) Ltd the originator and asset manager of the portfolio will
only start buying the underlying securities comprising the portfolio in terms of the investment policy
described below, five (5) trading days after the listing date. During this period, investors can acquire
participatory interest in the portfolio at a fixed iNAV on the JSE, through their brokers, that will represent
the cash holding of the portfolio.
After this initial trading period at a fixed iNAV, the manager will buy the underlying portfolio, and the
participatory interest will trade at an iNAV that represent the market value of the underlying portfolio.
5. SALIENT DATES AND TIMES
Publication of the listing announcement on SENS and distribution of
Monday, 19 August 2024
Supplement
Listing Date at 09:00 Monday, 26 August 2024
Trading starts based on an iNAV of R10 (1000 ZAC) Monday, 26 August 2024
Last day to trade based on an iNAV of R10 (1000 ZAC) Friday, 30 August 2024
Trading starts at variable iNAV Monday, 2 September 2024
5. DOCUMENTATION
Copies of the Programme Memorandum and the Supplement can be obtained on the Prescient website
at https://www.prescient.co.za/funds, from 19 August 2024.
The distribution of the Supplement and the offer or sale of participatory interests may be restricted by
law in certain jurisdictions. Persons in whose possession the Supplement or any other participatory
interests come must inform themselves about, and observe, any such restrictions.
19 August 2024
Johannesburg
Listing Advisor
Prescient Structured Product Advisory (Pty) Ltd
Date: 19-08-2024 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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