Fund Summary
The fund tracks the SA Property Income Index (a custom index calculated independently by the S&P Dow Jones Indices). The SA Property Income Index is designed to measure the performance of large South African Listed Property Companies with an emphasis on higher yielding companies.
Benefits to Investors
Property
Investors can be reassured as this security is ultimately backed up by bricks and mortar
Inflation
This ETF offers broad exposure and access to the South African property market which can be seen as an inflationary hedge investment.
Income
The income received by property companies is paid out as income to investors quarterly, and the income is generally higher than equity
ETF Details
| Current price / NAV | R 6.95 |
| Fund size | R 158 514 271.06 |
| Index value | 40.14 |
| Distributable amount | 3.46c |
| Launch date | 30 October 2019 |
| Shares in issue | 22 821 409 |
| Share code | CSPROP |
| Listing price | R 15 |
| Market maker | Sanlam Private Wealth (SPW) |
| TER | 0.46%* (The TER is an expected figure, once the fund reaches a one year track record, the actual figure will be published) |
General Fund Details
| Classification | South African – Real Estate – General |
| Benchmark | SA Property Income Index |
| Distribution dates | March, June, September, December |
| Asset manager | CoreShares Asset Management |
| Trustee | Absa Bank Limited |
| Auditor | Deloitte |
| Risk profile | Aggressive (5/5) |
ETF Fund Holdings
| Share Code | Share Name | Weight (%) |
|---|---|---|
| GRT | Growthpoint Properties Ltd | 7.5% |
| NRP | Nepi Rockcastle PLC | 7.3% |
| RDF | Redefine Properties Limited | 5.5% |
| FFA | Fortress Reit Limited A | 5.4% |
| RES | Resilient Property Income Fund Ltd | 5.3% |
| LTE | Lighthouse Capital Limited | 4.9% |
| SAC | SA Corporate Real Estate Fund | 4.8% |
| EQU | Equites Property Fund Limited | 4.7% |
| IAP | Investec Australia Property Fund | 4.4% |
| HYP | Hyprop Investments Ltd | 4.3% |
| EMI | Emira Property Fund Limited | 4.2% |
| IPF | Investec Property Fund Limited | 4.0% |
| SRE | Sirius Real Estate Ltd | 4.0% |
| EPP | Echo Polska Properties NV | 3.8% |
| VKE | Vukile Property Fund Ltd | 3.8% |
| RPL | RDI Reit Plc | 3.8% |
| ATT | Attacq Limited | 3.6% |
| L2D | Liberty Two Degrees | 3.3% |
| SSS | Stor-age Property Reit Ltd | 3.3% |
| FFB | Fortress Reit Limited B | 3.2% |
| MSP | MAS REAL ESTATE | 3.2% |
| CCO | Capital and Countries Properties Plc | 3.1% |
| HMN | Hammerson Plc | 2.3% |
Fund weightings ending 31 August 2020