RAFI

The RAFI 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.

 Index Details

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  • RAFI 40 (J260)

    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.
    CharacteristicDescription
    NameRAFI 40
    Index CodeJ260
    Alpha CodeRAFI
    Index CategoryRAFI
    UniverseAll Share Index (J203)
    Fixed No. of Companies40 by company fundamentals
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologyCompany fundamentals
    Capping MethodologyYes, 10%
    Index ReviewAnnually in March
    Buffer SizeN/A
    Dissemination15 seconds
    Live Date2007/10/01
  • RAFI All Share (J263)

    The RAFI All Share Index reflects the All Share Index (J203) constituents, weighted by fundamental factors rather than market capitalisation.
    CharacteristicDescription
    NameRAFI All Share
    Index CodeJ263
    Alpha CodeRALS
    Index CategoryRAFI
    UniverseAll Share Index (J203)
    Fixed No. of CompaniesNo
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologyCompany fundamentals
    Capping MethodologyN/A
    Index ReviewAnnually in March
    Buffer SizeN/A
    Dissemination15 seconds
    Live Date2008/05/12
  • Capped RAFI All Share (J283)

    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.
    CharacteristicDescription
    NameCapped RAFI All Share
    Index CodeJ283
    Alpha CodeRALC
    Index CategoryRAFI
    UniverseAll Share Index (J203)
    Fixed No. of CompaniesNo
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologyCompany fundamentals
    Capping MethodologyYes, 10%
    Index ReviewAnnually in March
    Buffer SizeN/A
    Dissemination15 seconds
    Live Date2009/08/13
  • RAFI 40 Net TRI (JNR4)

    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.
    CharacteristicDescription
    NameRAFI 40 Net TRI
    Index CodeJNR4
    Alpha CodeRAFN
    Index CategoryRAFI
    UniverseRAFI 40 Index (J260)
    Fixed No. of Companies40 at the Quarterly Review
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologyNet Dividends
    Capping MethodologyYes, 10%
    Index ReviewAnnually in March
    Buffer SizeN/A
    DisseminationEnd of Day
    Live Date2012/04/16

 

 

 

 

 

 

FTSE-JSE RAFI 40 Index BrochureFTSE-JSE RAFI 40 Index Brochurehttps://www.jse.co.za/content/JSEBrochureItems/FTSE-JSE RAFI 40 Index Brochure.pdfpdf
FTSE-JSE RAFI All Share Index Fact SheetFTSE-JSE RAFI All Share Index Fact Sheethttps://www.jse.co.za/content/JSEBrochureItems/FTSE-JSE RAFI All Share Index Fact Sheet.pdfpdf

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