NEWFUNDS COLLECTIVE INVESTMENT SCHEME - Distribution And Re-Investment Announcement For The Quarter Ended 31 December 2020 - MAPPSG

            
MAPPSG
Distribution And Re-Investment Announcement For The Quarter Ended 31 December 2020 - MAPPSG

NEWFUNDS MAPPS GROWTH INDEX ETF PORTFOLIO
Share code: MAPPSG
ISIN: ZAE000153763


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")

DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR THE QUARTER ENDED 31 DECEMBER 2020
NewFunds has today finalised a distribution to holders of ETF securities ("investors") recorded as such in the register on Friday, 22 January 2021, for the quarter ended
31 December 2020 as follows:

Alpha code               Dividend/Interest                     Foreign/ Local               Gross                  Subject to           *Withholding         Net
                                                                                            Distribution           Withholding tax      Tax (%)              Distribution
                                                                                            (Cents per unit)       Yes/ No                                   (Cents per unit)
MAPPSG                   Interest                              Local                        7,04722                No                                        7,04722
                         Dividend                              Local                        2,24532                Yes                  20                   1,79625
                         Dividend                              Foreign1                     0,89861                Yes                  20                   0,71889
                         Dividend                              Foreign (CFR)***S64N        0,17371                No                                        0,17371
                         Dividend                              Foreign (PRX)***S64N        0,06510                No                                        0,06510
                         Dividend                              REITS**                      0,37492                Yes                  20                   0,29994
                                                                                            10,80488                                                         10,10111

Further details are listed below:
Source of foreign dividends subject to SA dividend tax:
UK                                                                                                                            100,00%

Source of foreign dividends not subject to SA dividend tax:
Netherlands                                                                                                                    27,26%
Switzerland                                                                                                                    72,74%

Notice is hereby given that the following dates are of importance in regard to the distribution by the above ETF for the quarter ended 31 December 2020:

Declaration/ Finalisation date                                                              Thursday, 14 January 2021
Last day to trade cum distribution                                                        Tuesday, 19 January 2021
Securities trade ex distribution                                                          Wednesday, 20 January 2021
Record date                                                                                 Friday, 22 January 2021
Payment date                                                                                Monday, 25 January 2021

The distribution will be paid on Monday, 25 January 2021 to all securities holders recorded on the register on Friday, 22 January 2021.
In accordance with the investment policy of the portfolio, the distribution (net of dividend withholding tax as detailed above) will be re-invested on behalf of investors
through the purchase of securities comprising the Index in accordance with the calculation methodology of the total return version of this Index, thereby increasing the net
asset value of the portfolio and, proportionately, each ETF security.

The distribution (Net of dividend withholding tax) should:

- be added to the base cost of each ETF security for capital gains tax purposes; or
- where the ETF securities are held as trading stock be regarded as part of the cost of acquiring an ETF security.

Reinvestments into the portfolio still constitute a notional distribution even though it will not be paid in cash. Consequently, it forms part of investors' gross income as it is
subject to tax.
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.

NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
                                                                                     CFR                    PRX
Gross Dividend                                                                   0,32366                0,09275
Foreign Dividends Withholding Tax                                               (0,11328)              (0,01391)
                                                                                 0,21038                0,07884
Less Porfolio costs                                                             (0,03667)              (0,01374)
Distributable dividend                                                           0,17371                0,06510


SA Dividend Withholding Tax
Gross Dividend                                                                   0,32366                0,09275
Less Portfolio Costs                                                            (0,03667)              (0,01374)
                                                                                 0,28699                0,07901
SA DWT                                                                           0,05740                0,01580


SA tax 0.05740 cents and 0.01580 cents (20%) will not be deducted as foreign dividend withholding tax 35% and 15%, respectively, of the gross dividend has already been deducted
(SECTION 64N of the Income Tax Act)

***Compagnie Financiere Richemont SA is a Switzerland listed Company. The dividends received have been subject to 35% withholding tax.
***Prosus NV is a Netherlands listed Company. The dividends received have been subject to 15% withholding tax.
*Investors should seek advice from their tax advisor on whether the tax rate shown is applicable to them.
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.

 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:
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:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
b) a written undertaking to inform the CSDP or broker, as the case may be, should the circumstances affecting the reduced rate change or the beneficial
owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. Non-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 the payment of the distribution if such documents have not already been submitted.

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.



Additional information:
                                      Number                              Tax
                                    of securities                      reference
                                       in issue                         number

MAPPSG                               1 806 698                        9020590221




14 January 2021

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Date: 14-01-2021 01:00:00
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