Abridged Financial Statements for the year ended 31 December 2018 CORESHARES INDEX TRACKER COLLECTIVE INVESTMENT SCHEME INSTRUMENT: CORESHARES S&P 500 ETF ABBREVIATED NAME: CoreSP500 SHARE CODE: CSP500 ISIN CODE: ZAE000268694 ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 6 CoreShares Global Investments PCC In respect of its cell CoreShares S&P 500 Exchange Traded Fund STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 2018 2017 USD USD ASSETS Financial assets at fair value through profit or loss 42 850 909 39 912 967 Other receivables 194 751 160 343 Cash and cash equivalents 129 756 95 543 Total assets 43 175 416 40 168 853 LIABILITIES Other payables 157 423 119 303 Tax liability 8 549 4 854 Total liabilities 165 972 124 157 NET ASSETS ATTRIBUTABLE TO THE HOLDERS OF 43 009 444 40 044 696 PARTICIPATING SHARES NAV per share 2.50 2.69 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE FOR YEAR ENDED 31 DECEMBER 2018 2018 2017 USD USD REVENUE Unrealised gain on financial assets at fair value through profit or - 4 583 643 loss Realised gain on financial assets at fair value through profit or loss 66 636 273 353 Realised gain on foreign exchange 19 735 603 Dividend income 718 540 505 600 804 911 5 363 199 EXPENDITURE Unrealised loss on financial assets at fair value through profit or 3 688 403 - loss Realised loss on foreign exchange 13 039 - Audit fee 11 270 - Custodian fees 8 066 7 641 Brokerage fees 6 172 27 548 Management fee 195 475 105 536 3 922 425 140 725 (Loss)/profit before tax (3 117 514) 5 222 474 Tax expense (15 555) (14 889) (Loss)/profit for the year (3 133 069) 5 207 585 Other comprehensive income for the year - - (Decrease)/increase in net assets attributable to the holders of (3 133 069) 5 207 585 participating shares (Loss)/earnings per share (0.20) 0.44 STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO THE HOLDERS OF PARTICIPATING SHARES FOR YEAR ENDED 31 DECEMBER 2018 Net Assets Attributable to Unit Holders USD At 1 January 2017 14 007 449 Increase in net assets attributable to the holders of participating shares 5 207 585 Contributions and redemptions by holders of participating shares: Issue of participating shares during the year 22 972 215 Redemption of participating shares during the year (1 592 119) Dividends paid (550 434) At 31 December 2017 40 044 696 At 1 January 2018 40 044 696 Decrease in net assets attributable to the holders of participating shares (3 133 069) Contributions and redemptions by holders of participating shares: Issue of participating shares during the year 6 899 919 Redemption of participating shares during the year (332 948) Dividends paid (469 154) At 31 December 2018 43 009 444 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2018 2018 2017 USD USD Cash flows from operating activities (Loss)/profit before tax (3 117 514) 5 222 474 Adjustment for: Unrealised loss/(gain) on financial assets at fair value through profit or 3 688 403 (4 583 643) loss Realised gain on financial assets at fair value through profit or loss (66 636) (273 353) Dividend income (718 540) (505 600) (214 287) (140 122) Working capital movements: Decrease in other receivables - 96 Increase in payables 38 120 119 303 38 120 119 399 Income taxes paid (11 860) (11 970) Net cash used in operating activities (188 027) (32 693) Cash flows from investing activities Acquisition of investments (6 893 057) (22 786 619) Proceeds from disposal of investment 333 348 1 594 991 Dividend received 684 132 402 441 Net cash used in investing activities (5 875 577) (20 789 187) Cash flows from financing activities Proceeds from issue of participating shares 6 899 919 22 972 215 Redemption of participating shares (332 948) (1 592 119) Dividend paid (469 154) (550 434) Net cash generated from financing activities 6 097 817 20 829 662 Net increase in cash and cash equivalents 34 213 7 782 Cash and cash equivalents at beginning of the year 95 543 87 761 Cash and cash equivalents at end of the year 129 756 95 543 The above Preliminary Financial Statements for the year ended 31 December 2018 have been prepared in compliance with International Financial Reporting Standards. The Board of Directors of CoreShares Global Investments PCC accepts full responsibility for the accuracy of the information contained in these Abridged Financial Statements. The full financial statements are available on www.coreshares.co.za 29 March 2019 Sponsor: Grindrod Bank Limited Date: 29/03/2019 05:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.