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 14.79 |
| Fund size | R 390 770 920.12 |
| Index value | 0.8443 |
| Distributable amount | 2.63c |
| Launch date | 30 October 2019 |
| Shares in issue | 27 333 333 |
| Share code | CSPROP |
| Listing price | R 15 |
| Market maker | Sanlam Private Wealth (SPW) |
| TER | 0.463% |
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 PROPS LTD | 6.19 |
| NRP | NEPI ROCKCASTLE PLC | 5.76 |
| LTE | LIGHTHOUSE CAPITAL LTD | 5.6 |
| RDF | REDEFINE PROP LTD | 5.42 |
| SAC | SA CORP REAL EST FD | 4.86 |
| HMN | HAMMERSON PLC | 4.64 |
| RES | RESILIENT REIT LTD | 4.4 |
| FFA | FORTRESS REIT LTD - A | 4.15 |
| RPL | RDI REIT PLC | 4.13 |
| IAP | INVESTEC AUSTRALIA PROP F | 4.11 |
| ATT | ATTACQ LIMITED | 3.73 |
| VKE | VUKILE PROPERTY FUND | 3.72 |
| EMI | EMIRA PROPERTY FUND LTD | 3.63 |
| AHB | ARROWHEAD PRPRTIES LTD B | 3.55 |
| EQU | EQUITES PROP FUND LTD | 3.39 |
| OCT | OCTODEC INVESTMENTS | 3.33 |
| IPF | INVESTEC PROP FUND L U | 3.31 |
| FFB | FORTRESS REIT LTD - B | 3.26 |
| HYP | HYPROP INV LTD | 3.17 |
| STP | STENPROP LTD | 3.09 |
| SSS | STOR-AGE PROPERTY REIT LT | 3.04 |
| EPP | EPP N.V. | 2.96 |
| SRE | SIRIUS REAL ESTATE LTD | 2.59 |
| CCO | CAPITAL & COUNTIES PROPS | 2.35 |
| L2D | LIBERTY TWO DEGREES | 2.21 |
| MSP | MAS REAL ESTATE INC | 1.86 |
| ITU | INTU PROPERTIES PLC | 1.51 |
Fund weightings ending 31 October 2019