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

Release Date: 06/04/2020 09:00
Code(s): PREFTX     PDF:  
Wrap Text
Preliminary results for CoreShares PREFTRAX for the year ended 31 December 2019

CORESHARES INDEX TRACKER COLLECTIVE INVESTMENT SCHEME
INSTRUMENT: CORESHARES PREFERENCE SHARE EXCHANGE TRADED FUND
ABBREVIATED NAME: PREFTRAX
SHARE CODE: PREFTX
ISIN CODE: ZAE000185658



PRELIMINARY RESULTS FOR
CORESHARES PREFERENCE SHARE 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                    355,023,763            249,765,075
Accrued income and other receivables                                                 16,969                  9,521
Cash and cash equivalents                                                         4,173,327              3,208,794

TOTAL ASSETS                                                                    359,214,059            252,983,390


LIABILITIES

Net assets attributable to investors                                            358,955,741            252,821,533
Accrued expenses and other payables                                                 258,318                161,857

TOTAL LIABILITIES                                                               359,214,059            252,983,390


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


                                                                                        2019                  2018
                                                                                           R                     R

Dividend income                                                                   30,504,726            27,401,230
Interest income                                                                      253,110               256,350
Income adjustments on creation and liquidation of units                              965,092                     -
Total income                                                                      31,722,928            27,657,580
Management and administration expenses                                            (2,036,899)           (1,490,277)
Income before distributions                                                       29,686,029            26,167,303
Distributions                                                                    (28,895,836)          (28,602,544)
Income/(loss) after distributions                                                    790,193            (2,435,241)

Net fair value gains on financial instruments at fair value through
                                                                                  21,073,263            12,502,314
profit or loss
Change in net assets attributable to investors                                    21,863,456            10,067,073



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 PREFERENCE SHARE 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                                                                  9
15 April 2019                                                                   16
15 July 2019                                                                    23
14 October 2019                                                                 32



Last Published Price as at 31 December 2019
                                                                   Last published
                                                                    price (cents)
PREFTRAX                                                                928



Investment Performance (%) as at 31 December 2019
                                                                   Since inception
                                                          1 year
                                                                    (annualised)
PREFTRAX                                                  17.41%       7.40%


6 April 2020


Sponsor:
Grindrod Bank Limited

Date: 06-04-2020 09:00:00
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