The RAFI (Research Affiliates Fundamental Index) indices were launched in association with Research Affiliates and reflect the performance of the constituents by fundamental values. Both the RAFI index constituents and their weights are derived from company fundamentals. The four fundamental factors are sales, cash flow, book value and dividends.
For further details regarding the FTSE/JSE RAFI indices and the underlying methodology, please refer to the FTSE RAFI Index Series Ground Rules available on https://www.ftserussell.com/
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RAFI All Share (J263)
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The Preference Share Index consists of non-convertible, non-redeemable, floating rate preference shares.
Name RAFI All Share Index Code J263 Alpha Code RALS Index Category RAFI Universe JAll Share Index (J203) Fixed No. of Companies No Liquidity Screening Yes Free Float Screening Minimum of 5% Other Screening N/A Weighting Methodology Company fundamentals Capping Methodology N/A Index Review Annually in March Buffer Size N/A Dissemination 15 seconds Live Date 2008/05/12 -
Capped RAFI All Share (J283)
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The RAFI All Share Index reflects the All Share Index (J203) constituents, using specific fundamental factors, rather than market capitalisation. All constituents with a weight larger than 10% in the index will be capped at a level of 10% at each quarterly review.
Name Capped RAFI All Share Index Code J263 Alpha Code RALC Index Category RAFI Universe All Share Index (J203) Fixed No. of Companies No Liquidity Screening Yes Free Float Screening Minimum of 5% Other Screening N/A Weighting Methodology Company fundamentals Ranking Methodology Ranked by Company fundamental values Capping Methodology 10% quarterly Index Review Annually in March Buffer Size N/A Dissemination 15 seconds Live Date 2009/08/13 -
RAFI 40 (J260)
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The RAFI 40 Index is designed to reflect the top 40 companies from the All Share Index (J203), ranked and weighted by fundamentals. All constituents with a weight larger than 10% in the index will be capped at a level of 10% at each quarterly review.
Name RAFI 40 Index Code J260 Alpha Code RAFI Index Category RAFI Universe All Share Index (J203) Fixed No. of Companies 40 by company fundamentals Liquidity Screening Yes Free Float Screening Minimum of 5% Other Screening N/A Weighting Methodology Company fundamentals Ranking Methodology Ranked by Company fundamental values Capping Methodology 10% quarterly Index Review Annually in March Buffer Size N/A Dissemination 15 seconds Live Date 2007/10/01 -
RAFI 40 Net TRI (JNR4)
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An alternate valuation for the RAFI Top 40 Index (J260), whereby the Total Return Index (TRI) is calculated using net dividend rates (“net in the hands of the SA investor”). Dividend withholding tax is deducted from the declared dividend with the resulting net dividend used in the XD adjustment.
Name RAFI 40 Net TRI Index Code JNR4 Alpha Code RAFN Index Category RAFI Universe RAFI 40 Index (J260) Fixed No. of Companies 40 at the Quarterly Review Liquidity Screening Yes Free Float Screening Minimum of 5% Other Screening N/A Weighting Methodology Company fundamentals Ranking Methodology Ranked by Company fundamental values Capping Methodology 10% quarterly Index Review Annually in March Buffer Size N/A Dissemination End of Day Live Date 2012/04/16