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
Fund size R 336 075 045.55
Index value 742.19
Distributable amount 19.62c
Market maker Sanlam Private Wealth (SPW)
TER 0.63%

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 Absa Bank Limited
Auditor Deloitte
Risk profile Conservative (2/5)

CoreShares Preftrax ETF NAV Prices

ETF Fund Holdings

DateTickerNameWeight
5/31/2021SBPPStandard Bank Group Ltd Preference S19.20%
5/31/2021FSRPFirstrand Ltd B Preference Shares16.24%
5/31/2021ABSPAbsa Bank Ltd Preference Shares15.09%
5/31/2021NBKPNedbank Ltd Preference Shares14.46%
5/31/2021INPRInvestec Ltd Preference Share11.33%
5/31/2021PGFPPSF Financial Services Preference Sh6.98%
5/31/2021INLPInvestec Bank Ltd Preference Share5.71%
5/31/2021DSBPDiscovery B Preference Shares3.28%
5/31/2021IVTPInvicta Holdings Holdings Ltd Pref S2.65%
5/31/2021GNDPGrindrod Ltd Cum Pref Share2.64%
5/31/2021NTCPNetcare Preference Share Ltd2.43%
Fund weightings ending 31 May 2021

ETF Fund Distributions

Quarter Ended Cents Per Unit (CPU)
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