CoreShares PropTrax SAPY ETF
South African--Real Estate--General
Focus and Objective The investment objective of the Property Index Tracker portfolio is to replicate the price and yield performance of the FTSE/JSE SAPY Index by holding a portfolio of securities substantially equivalent to the basket of securities comprising the Index in the same weighting as the Index. The Property Index Tracker portfolio will be adjusted as determined by the ground rules to conform to changes in the basket of securities comprising the Index so as to ensure that the composition and weighting of the securities comprising the relevant Property Index Tracker portfolio at all times reflects, as closely as reasonably possible, the composition and weighting of the securities comprising the Index. The initial SAPY portfolio tracks the price and yield performance of the JSE/FTSE Africa Listed Property Index. (the SAPY index) As such, the SAPY portfolio affords both retail and institutional investors an opportunity to access the performance of the top twenty JSE listed real estate securities by investing in a single instrument namely a participatory interest in the proposed SAPY portfolio. Grindrod PropTrax SAPY is the first property ETF in South Africa. It gives the investor access and good exposure to the high performance real estate sector, without charging huge fees, and maintaining low entrance levels. PropTrax offers the investor ease of professional management to secure the top twenty South African real estate listed securities. Investors in the SAPY portfolio diversify their risk within the listed real estate sector, (although they are only holding a single instrument) given the exposure of the SAPY portfolio to a broad range of underlying securities. In addition, investors enjoy quarterly distributions, even though certain of the securities included in the SAPY index may only pay distributions on a six-monthly basis. It is expected that participatory interests in the SAPY portfolio will trade with a higher degree of liquidity than certain of the securities included in the SAPY index, making it a more attractive prospect for investors who may not otherwise have considered the listed real estate sector. Management CoreShares Asset Management   Comparative Performance     Technical Overview Formation Date: 25 Sep 2007 JSE Code: PTXSPY Benchmark: FTSE/JSE SA Listed Property Index Holdings: 21 Unit Holders: 1 831 Original Price: 3554 Pricing System: Forward Income Decl: 31/03,30/06,30/09,31/12 Income Pay: 20/04,20/07,06/10,22/01 Minimum Lump Sum: R1 000 Minimum Monthly: R300 Risk Rating: Medium High   Dividend Yield Vertical lines represent dividends.   Dividend History (last 3 years) 9 Jul 2019 149.91c 9 Apr 2019 54.30c 15 Jan 2019 93.95c 9 Oct 2018 125.24c 10 Jul 2018 69.67c 10 Apr 2018 129.89c 16 Jan 2018 161.10c 26 Sep 2017 42.87c 27 Jun 2017 59.89c 28 Mar 2017 126.78c 23 Dec 2016 55.45c 27 Sep 2016 119.72c 17 Jun 2016 52.26c 1 Apr 2016 97.65c Fees TER (30 Sep 2018): 0.58% Perf Fee TER (30 Sep 2018): 0% Annual: 0.49% Performance: n/a   Top Holdings on 30 Sep 2019 Share No Units Value (Rm) % of Fund GROWPNT 1 354 722 31.29 20.95% NEPIROCK 164 543 21.84 14.62% REDEFINE 2 635 764 20.64 13.81% FORTRESSA 548 239 11.29 7.56% RESILIENT 125 652 8.14 5.45% Totals   93.21 62.39%   Asset Allocation   Sectoral Breakdown CoreShares PropTrax SAPY ETF Price   Performance to 4 Nov 2019 R1 000 Lumpsum (NAV-NAV Incl. Dividends) Period Return Value(R) Inflation(R) 3 Months 0.43% 1 004.30 1 010.90 6 Months -0.98% 990.20 1 021.80 1 Year -0.86% 991.40 1 044.10 3 Years -2.59% 924.30 1 152.80 5 Years 2.40% 1 125.80 1 286.10 10 Years 10.73% 2 771.20 1 673.00   R100 per Month (NAV-NAV Incl. Dividends) Period Return Value(R) Inflation(R) 3 Months 4.22% 308.52 302.48 6 Months 1.94% 606.82 608.01 1 Year 2.09% 1 213.70 1 232.51 3 Years -3.92% 3 390.36 3 870.52 5 Years -2.15% 5 683.54 6 813.42 10 Years 5.94% 16 413.02 15 735.87 * Values for periods greater than one year are annualised   Back to Top ProfileData has taken care in preparing this information but does not accept any liability for errors or out-of-date information. [  © Copyright Reserved 2024  ]