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 |