Back to SatrixNOW Submit a Query
  1. SatrixNOW
  2. Solution home
  3. Getting Started on SatrixNOW
  4. New to Investing with SatrixNOW
Open navigation

SatrixNOW Costs and Fees

Discover the cost of ETF and unit trust investing on SatrixNOW. Understand platform and transaction fees, and effective annual costs.

What Fees Does SatrixNOW Charge for Using its Platform?

SatrixNOW charges a platform administration fee based on your ETF investment portfolio's size. The fee structure is as follows:

  • First R500,000: 0.50% per annum

  • Next R500,000: 0.40% per annum

  • Above R1,000,000: 0.30% per annum

Platform fees are calculated daily, but deducted quarterly.

Are There Transaction Fees When Buying or Selling ETF Securities on SatrixNOW?

Yes, there are unavoidable transaction fees for buying and selling ETF securities. These fees vary and will be detailed before completing a transaction.

What Are the Costs Associated with Buying Products on SatrixNOW?

The annual platform administration fees are detailed in the provided cost profile. There are no minimum investment requirements.

What is the Electronic Settlement Fee (STRATE) Charged by SatrixNOW?

SatrixNOW charges a flat fee of 0.075% of the transaction value, in place of the full STRATE fee, to reduce transaction costs for clients.

What is the Effective Annual Cost (EAC) and How is it Calculated?

The EAC, expressed as a percentage of your investment amount, encompasses Investment Management, Advice, Administration, and Other charges. The calculator on the Satrix website helps compute these charges for different investment periods.

How Are Platform Administration Fees Recovered on SatrixNOW?

Platform administration fees accrue daily, but are recovered quarterly. They can be deducted from ETF distributions or through the sale of ETF securities if necessary.

When Does SatrixNOW Deduct Platform Fees from ETF Distributions?

For ETFs that distribute dividends, fees accrued are deducted from the distribution payment. Any remaining balance is either paid out as available cash or reinvested in the ETF.

Under What Circumstances Are Securities Sold to Recover Platform Fees?

Securities are sold to recover fees if the distribution amount is insufficient or if the fund is non-distributing. Normal transaction costs apply in such cases.

How Are Platform Fees Deducted Upon the Sale of Securities?

When a security is sold, the proportionate fee accrued for that instrument is deducted from the sale proceeds.


This comprehensive FAQ aims to provide clarity regarding fees associated with using SatrixNOW for investing. If you need further information, please refer to the detailed cost profile available on our website.

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.

Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.

ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and or on the Satrix website.

Performance is based on NAV to NAV calculations of the portfolio. Individual performance may differ to that of the portfolio as a result of initial fees, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is calculated based on actual distributed amount and factors such as payment date and reinvestment date must be considered.

*Note exchange prices are delayed in accordance with regional exchange rules.South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes.