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CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Preliminary results for the CoreShares CORETOP50 for the year ended 31 December 2019

Release Date: 06/04/2020 08:50
Code(s): CTOP50     PDF:  
Wrap Text
Preliminary results for the CoreShares CORETOP50 for the year ended 31 December 2019

CORESHARES INDEX TRACKER COLLECTIVE INVESTMENT SCHEME
INSTRUMENT: CORESHARES S&P SOUTH AFRICA TOP 50 EXCHANGE TRADED FUND
ABBREVIATED NAME: CORETOP50
SHARE CODE: CTOP50
ISIN CODE: ZAE000204327



PRELIMINARY RESULTS FOR
CORESHARES S&P SOUTH AFRICA TOP 50 EXCHANGE TRADED FUND
(CORESHARES INDEX TRACKER COLLECTIVE INVESTMENT SCHEME)
FOR THE YEAR ENDED 31 DECEMBER 2019

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2019


                                                                                        2019                  2018
                                                                                           R                     R
ASSETS

Listed investments held at fair value through profit or loss                  1,415,341,028          1,068,242,823
Accrued income and other receivables                                                852,146                458,937
Cash and cash equivalents                                                         6,922,645              5,580,273

TOTAL ASSETS                                                                  1,423,115,819          1,074,282,033


LIABILITIES

Net assets attributable to investors                                          1,422,730,956          1,074,043,820
Accrued expenses and other payables                                                 384,863                238,213

TOTAL LIABILITIES                                                             1,423,115,819          1,074,282,033


STATEMENT OF OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2019


                                                                                        2019                  2018
                                                                                           R                     R

Dividend income                                                                   59,612,814            32,823,151
Interest income                                                                      577,042               375,199
Income adjustments on creation and liquidation of units                            1,374,868                     -
Total income                                                                      61,564,724            33,198,350
Management and administration expenses                                            (3,328,603)           (2,342,109)
Income before distributions                                                       58,236,121            30,856,241
Distributions                                                                    (56,726,766)          (32,396,937)
Profit/(loss) after distributions                                                  1,509,355            (1,540,696)

Net fair value gains/(losses) on financial instruments at fair value
                                                                                  70,185,832           (72,164,742)
through profit or loss
Change in net assets attributable to investors                                    71,695,187           (73,705,438)



This abridged report is extracted from audited information but is not itself audited. The audited financial
statements are available at www.coreshares.co.za.
PRELIMINARY RESULTS FOR
CORESHARES S&P SOUTH AFRICA TOP 50 EXCHANGE TRADED FUND
(CORESHARES INDEX TRACKER COLLECTIVE INVESTMENT SCHEME)
FOR THE YEAR ENDED 31 DECEMBER 2019



Income distributions per unit (cents)

                                                                          Cents
                                                                           per
Payment date                                                               unit
21 January 2019                                                                 10
15 April 2019                                                                   30
15 July 2019                                                                    20
14 October 2019                                                                 38



Last Published Price as at 31 December 2019
                                                                   Last published
                                                                    price (cents)
CTOP50                                                                  2292



Investment Performance (%) as at 31 December 2019
                                                                   Since inception
                                                          1 year
                                                                    (annualised)
CTOP50                                                    10.20%       4.70%


6 April 2020


Sponsor:
Grindrod Bank Limited

Date: 06-04-2020 08:50:00
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