CoreShares Index Tracker Managers (RF) (Pty) Ltd is an approved manco in terms of CISCA

60

50

40

30

20

10

0

Top 40 Sci Beta Multi-Factor

Effective Number of Shares in PortfolioNumber of Shares in Portfolio

DIVERSIFICATION

INVESTMENT STRATEGY

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DIVERSIFYINGYOUR INVESTMENT STRATEGY FOR A SMOOTHER RIDE.

CORESHARES SCIENTIFIC BETA ETFA multi-factor investment strategy (JSE code: SMART)

CONSISTENCY OF RETURNS (Chance of beating the Top 40)

MANAGEMENT FEE

0.40% p.a. (Expected TER = 0.52%)

V

ALU

E M

OMENTUM LOW VOL

SIZE

QUALITY

40

12

52

41

100%

80%

60%

40%

20%

0%

Sci Beta Multi-FactorAverage single factor

3 YEAR

79%

62%

5 YEARS

80%

66%

7 YEARS

90%

77%

The consistency is measured by “rolling

returns”. This means that investors who were

invested for any 3, 5 or 7 year period had a better

chance of outperformance

compared to buying the 5 single factors.

Effective number of shares is a measure of how many

shares drive the return and risk outcome of a portfolio, the higher the number the

more diversified a portfolio.

Source: FTSE/JSE, Scientific Beta

Source: Scientific Beta, CoreShares Asset Management

The ETF uses an equal combination of accepted and proven investment strategies.