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 8.69 |
| Fund size | R 208 755 223.22 |
| Index value | 50.22 |
| Distributable amount | 1.61c |
| Launch date | 30 October 2019 |
| Shares in issue | 24 021 409 |
| 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 (%) |
|---|---|---|
| LTE | Lighthouse Capital Limited | 8.03 |
| GRT | Growthpoint Properties Ltd | 7.42 |
| NRP | Nepi Rockcastle PLC | 7.20 |
| IAP | Investec Australia Property Fund | 6.22 |
| SSS | Stor-age Property Reit Ltd | 5.19 |
| SRE | Sirius Real Estate Ltd | 4.60 |
| EQU | Equites Property Fund Limited | 4.60 |
| FFA | Fortress Reit Limited A | 4.46 |
| L2D | Liberty Two Degrees | 3.99 |
| IPF | Investec Property Fund Limited | 3.83 |
| RPL | RDI Reit Plc | 3.68 |
| RES | Resilient Property Income Fund Ltd | 3.62 |
| EMI | Emira Property Fund Limited | 3.37 |
| CCO | Capital and Countries Properties Plc | 3.35 |
| AHB | Arrowhead Properties Limited B | 3.09 |
| OCT | Octodec Investments Ltd | 3.03 |
| RDF | Redefine Properties Limited | 2.89 |
| SAC | SA Corporate Real Estate Fund | 2.71 |
| FFB | Fortress Reit Limited B | 2.70 |
| HYP | Hyprop Investments Ltd | 2.51 |
| HMN | Hammerson Plc | 2.50 |
| EPP | Echo Polska Properties NV | 2.32 |
| MSP | MAS REAL ESTATE | 2.28 |
| VKE | Vukile Property Fund Ltd | 2.20 |
| ATT | Attacq Limited | 1.84 |
| ITU | Intu Properties Plc | 1.35 |
Fund weightings ending 31 May 2020