10X NEXT 4010X NEXT 4010X NEXT 40

10X NEXT 40

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Key stats


Assets under management (AUM)
‪50.80 B‬ZAR
Fund flows (1Y)
‪1.41 T‬ZAR
Dividend yield (indicated)
2.82%
Discount/Premium to NAV
−99.004%
Shares outstanding
‪43.61 M‬
Expense ratio
0.41%

About 10X NEXT 40


Issuer
African Bank Holdings Ltd.
Brand
10X
Inception date
Apr 25, 2023
Index tracked
Wealth Next 40 Equal Weighted Index - ZAR - Benchmark TR Gross
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Primary advisor
10X Fund Managers (RF) Proprietary Ltd
ISIN
ZAE000320784
The investment objective of the portfolio shall be to track the Wealth Next 40 Equal Weighted Index (a custom index calculated interdependently by S&P Dow Jones) as closely as possible.

Classification


Asset Class
Equity
Category
Size and style
Focus
Mid cap
Niche
Broad-based
Strategy
Vanilla
Geography
South Africa
Weighting scheme
Market cap
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of June 12, 2025
Exposure type
StocksBonds, Cash & Other
Finance
Non-Energy Minerals
Stocks98.74%
Finance37.40%
Non-Energy Minerals22.55%
Retail Trade9.06%
Process Industries6.61%
Consumer Non-Durables5.25%
Health Services5.15%
Distribution Services4.27%
Consumer Services2.44%
Commercial Services2.23%
Energy Minerals2.20%
Health Technology1.58%
Bonds, Cash & Other1.26%
Cash1.26%
Stock breakdown by region
2%14%83%
Africa83.30%
Europe14.40%
Oceania2.30%
North America0.00%
Latin America0.00%
Asia0.00%
Middle East0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


WNXT40 invests in stocks. The fund's major sectors are Finance, with 37.40% stocks, and Non-Energy Minerals, with 22.55% of the basket. The assets are mostly located in the Africa region.
WNXT40 top holdings are Sibanye Stillwater Limited and Northam Platinum Holdings Limited, occupying 4.14% and 3.46% of the portfolio correspondingly.
WNXT40 last dividends amounted to 0.00 ZAC. The quarter before, the issuer paid 0.07 ZAC in dividends, which shows a ‪6.50 K‬% decrease.
WNXT40 assets under management is ‪50.80 B‬ ZAC. It's risen 23.00% over the last month.
WNXT40 fund flows account for ‪1.41 T‬ ZAC (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, WNXT40 pays dividends to its holders with the dividend yield of 2.82%. The last dividend (Apr 22, 2025) amounted to 0.08 ZAC. The dividends are paid quarterly.
WNXT40 shares are issued by African Bank Holdings Ltd. under the brand 10X. The ETF was launched on Apr 25, 2023, and its management style is Passive.
WNXT40 expense ratio is 0.41% meaning you'd have to pay 0.41% of your investment to help manage the fund.
WNXT40 follows the Wealth Next 40 Equal Weighted Index - ZAR - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
WNXT40 invests in stocks.
WNXT40 price has risen by 3.15% over the last month, and its yearly performance shows a 9.45% increase. See more dynamics on WNXT40 price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.21% over the last month, showed a 7.43% increase in three-month performance and has increased by 13.72% in a year.
WNXT40 trades at a premium (99.00%) meaning the ETF is trading at a higher price than the calculated NAV.