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 7.28 |
| Fund size | R 286 143 535.26 |
| Index value | 708.31 |
| Distributable amount | -0.20c |
| 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
| Share Code | Share Name | Weight (%) |
|---|---|---|
| SBPP | Standard Bank Group Ltd Pref | 19.8% |
| FSRP | Firstrand Ltd B Preference Shares | 15.9% |
| ABSP | Absa Bank Ltd Preference Shares | 15.6% |
| NBKP | Nedbank Ltd Preference Shares | 14.3% |
| INPR | Investec Ltd Preference Share | 10.1% |
| PGFP | PSF Financial Services Preference Shares | 6.2% |
| INLP | Investec Bank Ltd Preference Share | 6.0% |
| DSBP | Discovery B Preference Shares | 3.5% |
| IVTP | Invicta Holdings Holdings Ltd Pref Shares | 2.8% |
| GNDP | Grindrod Ltd Cum Pref Share | 2.6% |
| NTCP | Netcare Preference Share Ltd | 2.2% |
Fund weightings ending 31 December 2020
ETF Fund Distributions
| Quarter Ended | Cents Per Unit (CPU) |
|---|---|
| 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