MitonOptimal EasyETFs SA Protected Equity Actively Managed ETF
South African equity exposure with protective instruments to limit the downside, managed by MitonOptimal.
What it aims to do
The MitonOptimal EasyETFs SA Protected Equity Actively Managed ETF is an actively managed ETF listed on the JSE. Its objective is long-term capital growth, with a risk-return profile similar to the overall South African equity market, while using protective financial instruments to limit downside. The fund gets its core equity exposure through FTSE/JSE Top 40 index futures, combined with an options collar: long protective puts financed by short calls. It also holds selected direct JSE equities, each with its own collar, plus money market and bond funds that back the futures exposure and manage liquidity. It invests in South Africa only. It is classified as South African Multi-Asset Flexible on an effective-exposure basis.
Fund details
| JSE code | MITONC |
|---|---|
| Risk profile | Aggressive |
| Classification | South African Multi Asset – Flexible |
| Benchmark | CPI +5% over a rolling 36-month period |
| Management fee | 0.65% excl VAT |
| Distributions | Annually |
| Asset manager | MitonOptimal |
| Trustee | RMB Trustees |
| Auditor | BDO |
Price, performance and holdings
The latest price is on EasyEquities. Performance, holdings and asset allocation are in the ETF's factsheet (minimum disclosure document), published monthly.