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

Factsheet
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ETF Details

Current price / NAVR 6.87
Fund sizeR 270 359 176.92
Index value644.07
Distributable amount25.59c
Launch date28 March 2012
Shares in issue39 329 958
Last 12 month distributions81.41
Share codePREFTX
Listing priceR 10.87
Market makerSanlam Private Wealth (SPW)
TER0.63%

General Fund Details

ClassificationSouth African - Equity - Unclassified
BenchmarkFTSE/JSE Preference Share Index (J251)
Distribution datesMarch, June, September, December
Asset managerCoreShares Asset Management
TrusteeAbsa Bank Limited
AuditorDeloitte
Risk profileConservative (2/5)

CoreShares Preftrax ETF NAV Prices

ETF Fund Holdings

Share CodeShare NameWeight (%)
SBPPStandard Bank Group Ltd Pref20.5%
FSRPFirstrand Ltd B Preference Shares15.6%
ABSPAbsa Bank Ltd Preference Shares15.2%
NBKPNedbank Ltd Preference Shares14.0%
INPRInvestec Ltd Preference Share11.1%
PGFPPSF Financial Services Preference Shares6.1%
INLPInvestec Bank Ltd Preference Share5.4%
DSBPDiscovery B Preference Shares3.1%
GNDPGrindrod Ltd Cum Pref Share2.6%
NTCPNetcare Preference Share Ltd2.3%
IVTPInvicta Holdings Holdings Ltd Pref Shares2.2%
SFNPSasfin Holdings Ltd Pref0.5%
CPIPCapitec Bank Holdings Preference Share0.4%
INPPRInvestec Ltd Pref (RAND)0.1%
Fund weightings ending 31 August 2020

ETF Fund Distributions

Quarter EndedCents Per Unit (CPU)
June 202028.27
March 202011.16
December 20199.06
September 201932.27
June 201923.45
March 201916.63
December 20189.27
September 201835.34
June 201823.27
March 201817.43
December 201714.64
September 201728.22
June 201718.53
March 201725.83
December 201611.29
September 201633.72
June 201616.35
March 201624.42
December 201512.12
September 201526.5
June 201518.19
March 201519.27
December 201411.97
September 201424.77
June 201424.79
March 201411.37
December 20136.46
November 201315.4
August 201324.38
May 201321.87
February 201312.35
November 201220.28
August 201215.6
May 20123.13
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

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