Satrix Dividend Plus Fund (STXDIV)

Overview

Satrix DIVI ETF is a distinctive exchange traded fund (ETF) initiated by Satrix Managers (RF) Proprietary Limited, with its investment management overseen by Sanlam Investment Management (Pty) Ltd. Established on July 30, 2007, and based in South Africa, this fund is tailored to target the public equity markets within the region. It uniquely positions itself by focusing on dividend-paying stocks across a broad spectrum of sectors and market capitalizations. The primary objective of the Satrix DIVI ETF is to mimic the performance of the FTSE/JSE Dividend Plus Index, thereby providing investors with a diversified exposure to high dividend yield stocks within the South African market.

Products and Services

The Satrix DIVI ETF offers a focused product, detailed below:

• Exchange Traded Fund (ETF)

  The principal offering is the Satrix DIVI ETF itself, which is structured to provide investors with exposure to the South African public equity markets. This product is particularly appealing for those looking for investment opportunities in dividend-paying stocks. By replicating the FTSE/JSE Dividend Plus Index, the ETF aims to invest in companies across diverse sectors according to their weightings in the index. This strategic approach allows for a diversified portfolio that spans all market capitalizations, targeting firms known for their strong dividend payout records. It's an attractive option for investors seeking to tap into the income-generating potential of South Africa's equities market, leveraging the growth and stability of companies that regularly distribute dividends to shareholders.