ALLAN GRAY UNIT TRUST MANAGEMENT (RF) PROPRIETARY LIMITED - Listing of Additional AGOGB Securities
What this filing means
The JSE has approved the listing of a further 227,420 AGOGB securities, the Allan Gray Orbis Global Balanced Feeder Actively Managed ETF, with effect from today at an issue price of approximately R11.26 per security. That takes the fund to 25,983,980 securities in issue. The notice is a mechanical unit-creation record: it changes the number of securities in circulation and says nothing about the fund's holdings, performance or why the units were created.
An ETF is a basket of investments split into units that investors can buy and sell. This notice says 227,420 new units of the Allan Gray Orbis Global Balanced Feeder ETF have been added and listed, at roughly R11.26 each. It is bookkeeping about how many units exist, not news about how the fund's investments performed, so there is nothing here to read as good or bad for the fund.
Bear case
- The notice states the unit change only; it gives no reason for the creation of the 227,420 securities.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
This is an administrative unit-creation notice, not an economic event. It records that 227,420 additional AGOGB securities were listed at approximately R11.26 each, lifting the total in issue to 25,983,980. Nothing in the filing speaks to the fund's portfolio, its performance or the reason the units were created, so it offers no basis for a view on the fund either way. So what: nothing changes for an existing holder; the fund's own periodic reporting is where its performance and holdings are actually tested.
The fund's next periodic portfolio and performance reporting is where its holdings and returns will be shown; this notice settles only the number of securities in issue.
Evidence from the filing
The filing records the unit creation and its price.
“The JSE has approved the listing of additional 227,420 AGOGB securities with effect from today, at an issue price of approximately R11.26 per security”
The resulting total securities in issue.
“Following the listing of the 227,420 securities, there will be 25,983,980 AGOGB securities in issue.”
Related filings
Other ETF Unit Creation
- PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional 91DINC Securities
- PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional PMXINC Securities
- SATRIX COLLECTIVE INVESTMENT SCHEME - Listing Of Additional Satrix Msci World Feeder
- SATRIX MANAGERS (RF) PROPRIETARY LIMITED - Listing Of Additional Satrix Property
- 1NVEST ETFs LIMITED - Listing of Additional ETFSAP Securities