The S&P GIVI South Africa Top 50 ETF replicates the price performance of the S&P GIVI South Africa Top 50 Index, an Index designed to reflect an alternative beta strategy for the South African market. The S&P GIVI indices are a systematic, rules-driven family of indices that combine two factors: low volatility and intrinsic value. The S&P GIVI South Africa Top 50 Index represents fifty stocks with the highest intrinsic value selected from the S&P GIVI South Africa composite