Fund Summary
This ETF tracks the performance of the FTSE/JSE Preference Share Index and is part of our equity income range. It is useful within a diversified income strategy, particularly for high marginal tax payers as it pays a dividend and not income.
Benefits to Investors
Tax
Preference shares pay a tax efficient dividend yield
Income
The dividend is generally higher than general equity. Dividends are contractual and calculated as a percentage of the prime lending rate
ETF Details
| Share code | PREFTX |
| Current price / NAV | R 10.33 |
| Fund size | R 419 170 643.80 |
| Index value | 992.0728155 |
| Distributable amount | 14.53c |
| Market maker | Sanlam Private Wealth (SPW) |
| TER | 0.55% |
General Fund Details
| Classification | South African - Equity - Unclassified |
| Benchmark | FTSE/JSE Preference Share Index (J251) |
| Distribution dates | March, June, September, December |
| Asset manager | CoreShares Asset Management |
| Trustee | Nedbank Limited |
| Auditor | BDO South Africa Inc. |
| Risk profile | Conservative (2/5) |
CoreShares Preftrax ETF NAV Prices
ETF Fund Holdings (daily)
ETF Fund Holdings (month-end)
| Ticker | Name | Weight |
|---|---|---|
| SBPP | Standard Bank Group Ltd Preference S | 23.90% |
| FSRP | Firstrand Ltd B Preference Shares | 21.33% |
| ABSP | Absa Bank Ltd Preference Shares | 21.00% |
| INPR | Investec Ltd Preference Share | 15.00% |
| SHFF | Steinhoff Inv-Prefs | 5.76% |
| DSBP | Discovery B Preference Shares | 3.84% |
| IVTP | Invicta Holdings Holdings Ltd Pref S | 3.29% |
| GNDP | Grindrod Ltd Cum Pref Share | 3.21% |
| NTCP | Netcare Preference Share Ltd | 2.69% |
Fund weightings ending 31 May 2022
ETF Fund Distributions
| Quarter Ended | Cents Per Unit (CPU) |
|---|---|
| March 2022 | 15.08 |
| December 2021 | 7.03 |
| September 2021 | 22.00 |
| June 2021 | 20.70 |
| March 2021 | 7.53 |
| December 2020 | 6.36 |
| September 2020 | 27.98 |
| June 2020 | 28.27 |
| March 2020 | 11.16 |
| December 2019 | 9.06 |
| September 2019 | 32.27 |
| June 2019 | 23.45 |
| March 2019 | 16.63 |
| December 2018 | 9.27 |
| September 2018 | 35.34 |
| June 2018 | 23.27 |
| March 2018 | 17.43 |
| December 2017 | 14.64 |
| September 2017 | 28.22 |
| June 2017 | 18.53 |
| March 2017 | 25.83 |
| December 2016 | 11.29 |
| September 2016 | 33.72 |
| June 2016 | 16.35 |
| March 2016 | 24.42 |
| December 2015 | 12.12 |
| September 2015 | 26.5 |
| June 2015 | 18.19 |
| March 2015 | 19.27 |
| December 2014 | 11.97 |
| September 2014 | 24.77 |
| June 2014 | 24.79 |
| March 2014 | 11.37 |
| December 2013 | 6.46 |
| November 2013 | 15.4 |
| August 2013 | 24.38 |
| May 2013 | 21.87 |
| February 2013 | 12.35 |
| November 2012 | 20.28 |
| August 2012 | 15.6 |
| May 2012 | 3.13 |
All distributions are gross distributions (before dividends withholdings tax)
All distributions made prior to December 2013 relate to PrefEx
December 2013: Special distribution relating to the conversion of PrefEx into a portfolio of a collective investment scheme
All distributions made prior to December 2013 relate to PrefEx
December 2013: Special distribution relating to the conversion of PrefEx into a portfolio of a collective investment scheme