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The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix MSCI World Index ETF
JSE code: SYGWD
ISIN: ZAE000249553
(“SYGWD”)
A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes
Control Act, 45 of 2002.
DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED 31 DECEMBER 2023 - SYGWD
The Manager and Trustees of the Sygnia Itrix Collective Investment Scheme (being Sygnia Itrix (RF) (Pty) Limited and Standard
Bank of South Africa Limited), respectively, have declared a distribution to holders of SYGWD securities ("investors") recorded in the
register on Friday, 12 January 2024 in respect of the period ended 31 December 2023.
An aggregated amount of 25.37092 ZAR cents (R 0.25371) per SYGWD security is declared as follows:
Alpha Code: SYGWD Dividend Tax Reclaim *Interest Total
Foreign Not
Distribution Source type SA listed Foreign Local
Net Distribution Reinvested No No No
Source of Funds (Country Code) Table 1 Table 2 ZA
Subject to Foreign Withholding tax Yes No No
Gross Foreign Rate (cents per unit) 51.32185 1.85007
Foreign Tax % withheld at source 14.58767%
Foreign Tax amount per unit 7.48666
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost 19.83286
Interest Expense 0.02536
Other costs 0.58918
Gross ZA Distribution (Cents per unit) 23.38779 1.85007 0.13306 25.37092
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 23.38779 1.85007 0.13306
SA Withholding Tax %
SA Withholding Tax amount per unit
Local Net Rate 23.38779 1.85007 0.13306 25.37092
This amount will be adjusted upwards for larger investors who are liable for less than 0.60% management fee.
Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended 31 December 2023 by the
ETF to holders of SYGWD securities:
Last day to trade “cum” distribution: Tuesday, 09 January 2024
Securities trade “ex” distribution: Wednesday, 10 January 2024
Record date: Friday, 12 January 2024
Payment date: Monday, 15 January 2024
The distribution will be paid on Monday, 15 January 2024 to all securities holders recorded in the register on Friday, 12 January 2024.
Table 1
Country ISO Code Split
Australia AU 6.48%
Canada CA 4.31%
Denmark DK 0.44%
France FR 1.42%
Germany DE 0.21%
Spain ES 1.26%
Netherlands NL 1.89%
Belgium BE 0.09%
Italy IT 1.10%
Finland FI 0.26%
Sweden SE 0.35%
Ireland IE 1.43%
Austria AT 0.03%
Hong Kong HK 1.37%
Cayman Islands KY 0.24%
Bermuda BM 0.13%
Japan JP 10.49%
Israel IL 0.14%
New Zealand NZ 0.10%
Norway NO 0.40%
United Kingdom GB 8.60%
Isle of Man IM 0.01%
Singapore SG 1.14%
Switzerland CH 0.78%
United States US 56.32%
Jersey Channel Islands JE 0.97%
Luxembourg LU 0.02%
Portugal PT 0.02%
Table 2
Country ISO Split
Code
United States US 60.48%
Belgium BE 4.03%
Norway NO 0.82%
Sweden SE 20.29%
Ireland IE 7.98%
Spain ES 0.23%
Germany DE 6.05%
Netherlands NL 0.11%
***South African 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 (“CDSP”) 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, to arrange for the abovementioned documents to be submitted prior to payment
of the distribution, if such documents have not already been submitted.
*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.
04 January 2024
Manager
Sygnia Itrix (RF) (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
JSE Sponsor
Vunani Sponsors
