Satrix ILBI, an Exchange Traded Fund (ETF) offered by the Satrix Collective Investment Scheme, recently announced the rebalancing of its portfolio. The monthly review of the S&P SA Sovereign Inflation-linked Bond 1+ Year Index led to changes in the constituent weightings of the Satrix ILBI ETF.
The Satrix ILBI ETF, listed on the Johannesburg Stock Exchange under the JSE code STXILB and ISIN code ZAE000240123, experienced adjustments to its constituent weightings. The modifications aim to optimize the portfolio’s performance and align it with market dynamics and investment objectives.
The revised weightings for the Satrix ILBI constituents, effective from July 3, 2023, are as follows:
| Code | Share | Previous weight | New weight |
|---|---|---|---|
| I2025 | RSA ILB 2% | 16.33% | 16.25% |
| I2029 | RSA ILB 1.87% | 7.58% | 7.54% |
| I2033 | RSA ILB 1.87% | 10.06% | 10.08% |
| I2038 | RSA ILB 2% | 14.17% | 14.22% |
| I2046 | I2046 ILB 2% | 13.61% | 13.89% |
| I2050 | RSA ILB 2.5% | 15.65% | 15.46% |
| R202 | R202 ILB | 13.07% | 13.08% |
| R210 | R210 ILB | 9.53% | 9.48% |
| Total | 100.00% | 100.00% |
These changes were implemented after the close of business on June 30, 2023, in accordance with the Satrix ILBI Portfolio’s investment strategy.
The Satrix ILBI ETF provides investors with exposure to a diversified portfolio of inflation-linked bonds issued by the South African government. By tracking the S&P SA Sovereign Inflation-linked Bond 1+ Year Index, the ETF aims to replicate the performance of these bonds.
Rebalancing is a standard practice in investment portfolios, allowing fund managers to adjust the weightings of assets to align with changing market conditions and optimize returns. The modifications made to the Satrix ILBI Portfolio aim to ensure that it continues to provide investors with exposure to a well-balanced and efficient mix of inflation-linked bonds.
Investors in the Satrix ILBI ETF can access the complete list of current constituents and their respective weightings on the official Satrix website.
