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FNBT40 ETF · FNB Top40 ETF
The FNBT40 Exchange Traded Fund (ETF) is provided by Ashburton Management Company. It is built to track an index: FTSE/JSE Africa Top 40 Index. The FNBT40 ETF provides physical exposure, so by buying it you actually own parts of all the underlying holdings. This share class generates a stream of income by distributing dividends.
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This fund is part ofEmerging Market Blended Cap1M perf.+9.43%
Last price
ZAC 10,985.00
1M perf.
+6.89%
1M flows
+€5.3M
AuM
€252M
E/R
0.2%
Rating
Not rated
ESG Consensus®
FNBT40
ZAC 10,985.00
Performance & flows
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January 23, 2026 → April 23, 2026
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FNBT40
ZAR 109.61
-3.61%
Emerging Market Blended Cap
+6.81%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +6.89%  | -3.61% | +35.19% | +62.14%  | +98.77%  | +4.28% | +4.28% | +2.10% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
ISIN
ZAE000303129
AuM
€252M
E/R
0.2%
Replication rating
Not rated
ESG Consensus®
More details
NAV
4/23/2026
ZAR 109.41
1D NAV change
-1.46%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
N/A
Inception date
10/16/2008
Jurisdiction
South Africa
Distribution
South Africa
Legal structure
Open-end Collective Investment Scheme
Base currency
ZAR
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The FNB Top40 ETF is suitable for investors seeking a cost efficient, convenient investment with exposure to 40 of
the largest companies listed on the JSE in terms of market capitalisation. The fund offers quarterly distributions with
no prescribed fixed investment period. The fund can also act as a building block for investors to use when
constructing their own portfolios.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -3.61% | +35.19% | +62.14% | +98.77% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Unavailable
100.00%
Sectors
Unavailable
100.00%
Diversification
This fund does not provide direct exposure to underlying securities.
Top 15 holdings
0
This fund does not provide direct exposure to underlying securities
More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Not rated
1-year trailing difference
As of March 26, 2026
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FNBT40
N/A
Replication quality
Calculated over 12m, as of March 26, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Ashburton Management Company
Ashburton Management Company ID Card
Number of funds
4
Total AuM
€252M
Expense ratio range
0.13% - 0.2%
Average expense ratio
0.1475%
Top 4 funds by Ashburton Management Company
| AuM | ||
|---|---|---|
FNBT40 | FNB Top40 ETF | €252M |
FNBWDM | FNB MSCI World Feeder ETF | €0 |
FNB500 | FNB S&P 500 Feeder ETF | €0 |
FNBEMG | FNB MSCI Emerging Markets Feeder ETF | €0 |
Frequently asked questions about FNBT40
What does FNB Top40 ETF, FNBT40, invest in?
FNBT40 is a Passive ETF. This ETF provides exposure to Large and Mid-Cap South African Equities.
Which benchmark or index does FNBT40 replicate?
FNBT40 tracks the FTSE/JSE Africa Top 40 Net Total Return Index - ZAR, through a full replication replication method.
What is the Total Expense ratio (TER) of FNBT40?
FNBT40 carries a total expense ratio (TER) of 0.2%, indicating the annual cost for holding the fund.
When was FNBT40 launched?
FNBT40 was introduced to the market on October 16, 2008. It trades on South Africa
Who is the ETF issuer of FNBT40?
FNB Top40 ETF, FNBT40, is provided by Ashburton Management Company. Learn more about Ashburton Management Company here.
What is the current assets under management (AUM) of FNBT40?
FNBT40 oversees €252M in assets as of April 23, 2026.
How has FNBT40 performed lately?
Based on data from April 23, 2026, FNBT40 returned 6.89% over the past month, -3.61% over the last three months and 2.10% year-to-date.
Does FNBT40 distribute dividends?
FNBT40 follows a distributing dividend policy, meaning it pays out income to investors. As of April 23, 2026, its 12-month trailing yield was 3.01%.
What is the base currency of FNBT40?
The base currency of FNBT40 is ZAR.
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