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Quarterly Investor reporting 2021 Q2

AMI Big50 ex-SA ETF

Global markets including (China, Europe and the US) are a bit jittery as the pandemic still plays a major role in market movement at this stage, with more lockdowns being imposed an expected vaccination rollout still lagging. The US dollar is rising and many investors are dropping riskier assets and holding the dollar, however, investors must be cognisant of market volatility. The AMI series has undergone a rebalance, the investment committee has decided to exclude the following countries: Malawi, Namibia, Tanzania, Uganda, Zambia and Zimbabwe. Namely due to capital information and liquidity as well as fungibility across these particular exchanges. 11 constituents with a combined weighting of 13.21% were added to the index and 11 constituents with a combined weighting of 7.95% were removed from the index. The Rand is currently at 14.35; JSE SA top 40 at 60,149.00 and the AMI @ R8.25 market at time of print. The AMI Big50 review committee has assessed the capital formation of the countries eligible for inclusion in the index, where there is no explicit treatment for the countries in the Ground rules. Selected. The review committee has decided to exclude the following countries: Malawi, Namibia, Tanzania, Uganda, Zambia and Zimbabwe.

New additions; Juhayna Food Inds.(1.30%); Nigerian Breweries(0.97); Six Of Oct.Dev.& Inv.(1.36%); Ciment Du Maroc(1.38%); Marsa Maroc(0.91%); Egyptian Intl.Pharms. (Epico)(0.85%); Zenith International Bk.(2.86%); Kenya Commercial Bank(1.94%); Credit Agricole Egypt(1.09%); Disway(0.25%); Ste Nationale De Siderurgie(0.30%).

Removals: Press Corporation(1.15%); Tanzania Breweries(0.83%); Fan Milk(0.25%); Custodian And Allied In.(0.80%); Nico Holdings(0.77%); Unimed(0.41%); Crdb Bank(1.22%); Umeme(1.09%); Copperbelt Energy(1.04%); Egyptian Satellites(0.24%); Sotipapier(0.15%).

Fund factsheet: https://cloudatlasinvesting.com/ami-big50-ex-sa-etf/#resources

Risk rating: Medium | Closing price: R 8.45 | Closing NAV R 5,34 | Number of units: 771,842| Total Expense Ratio as targeted: 0.85% | Distribution: ZAR cents 0.00

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