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 7.75 |
| Fund size | R 186 961 026.64 |
| Index value | 123.16 |
| Distributable amount | 23.11c |
| Launch date | 30 October 2019 |
| Shares in issue | 26 721 409 |
| 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 | Société Générale Johannesburg Branch |
| Auditor | Deloitte |
| Risk profile | Aggressive (5/5) |
ETF Fund Holdings
| Share Code | Share Name | Weight (%) |
|---|---|---|
| GRT | Growthpoint Properties Ltd | 6.82 |
| RDF | Redefine Properties Limited | 5.9 |
| NRP | Nepi Rockcastle PLC | 5.4 |
| LTE | Lighthouse Capital Limited | 4.9 |
| FFB | Fortress Reit Limited B | 4.81 |
| AHB | ARROWHEAD PROPERTIES LIMITED B | 4.73 |
| OCT | Octodec Investments Ltd | 4.46 |
| SAC | SA Corporate Real Estate Fund | 4.33 |
| HYP | Hyprop Investments Ltd | 4.32 |
| EMI | Emira Property Fund Limited | 4.2 |
| FFA | Fortress Reit Limited A | 4.03 |
| HMN | Hammerson Plc | 3.93 |
| IAP | Investec Australia Property Fund | 3.69 |
| EPP | Echo Polska Properties NV | 3.59 |
| RPL | RDI Reit Plc | 3.51 |
| VKE | Vukile Property Fund Ltd | 3.47 |
| RES | Resilient Property Income Fund Ltd | 3.44 |
| IPF | Investec Property Fund Limited | 3.34 |
| SSS | Stor-age Property Reit Ltd | 3.1 |
| EQU | Equites Property Fund Limited | 3.05 |
| L2D | Liberty Two Degrees | 2.72 |
| SRE | Sirius Real Estate Ltd | 2.66 |
| MSP | MAS REAL ESTATE | 2.59 |
| CCO | Capital and Countries Properties Plc | 2.5 |
| ATT | Attacq Limited | 2.41 |
| ITU | Intu Properties Plc | 2.02 |
Fund weightings ending 31 January 2020