6.6  /  1.02%


NAV on 2020/10/21
NAV on 2020/10/20 641.5
52 week high on 2019/12/09 1509.2
52 week low on 2020/09/25 615.42
Total Expense Ratio on 2020/03/31 0.29
Total Expense Ratio (performance fee) on 2020/03/31 0
Incl Dividends
1 month change 0.22% 0.86%
3 month change -20.28% -19.77%
6 month change -11.86% -10.7%
1 year change -57.23% -53.58%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Financials 169.57 96.99%
Liquid Assets 5.25 3.01%
  • Top five holdings
 REDEFINE 20.12 11.51%
 FORTRESSA 18.39 10.52%
 NEPIROCK 17.10 9.78%
 GROWPNT 16.11 9.21%
 RESILIENT 15.81 9.05%
  • Performance against peers
  • Fund data  
Management company:
Satrix Managers (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Real Estate--General
S&P SA Composite Property Capped Index



  • Fund management  
Satrix Securities
This fund is managed by Satrix Managers (Pty) Ltd.

  • Fund manager's comment

Satrix Property EFT - Sep 19

2019/12/11 00:00:00
Market Review The SA Listed Property Index (SAPY) realised a return of -4.4% during the third quarter of 2019. This was against the positive return it managed over the first half of 2019. This three-month performance was in line with that of the FTSE/JSE All Share Index’s -4.6%. Bonds (0.8%) and cash (1.8%) were the only asset classes showing positive returns. On a year-to-date basis, SA bonds were the outperformers with returns of 8.44%, followed by SA equities (7.08%), SA cash (5.45%) and SA property (1.34%). The SA Listed Property (SAPY) and the All Property (ALPI) Indices continue to underperform other asset classes over a rolling 12-month period.
The best performing shares in the SAPY for the last quarter included Sirius (19%), Resilient (9%), Investec Australia (8%) and Liberty 2 Degrees (3%). By contrast, the worst performers were Hospitality B (-16%), Fortress B (-15%), Redefine (-13%) and Mas Plc (-13%)
A key theme prevalent in the retail sector both locally and offshore is the need to consistently invest in your retail assets in order to attract the best tenants with their flagship offering, especially in an environment of oversupply and high mobility of consumers who are spoilt for choice.
The All Property index has underperformed the SA Listed Property index this year due to its larger exposure to the UK and its concomitant Brexit risk, together with its exposure to smaller SA property companies.
  • Fund focus and objective  
The mandate of the Satrix Property Portfolio ('Satrix Prop') is to track, as closely as possible, the value of the S&P SA Composite Property Capped Index. Satrix Prop is an index tracking fund, registered as a Collective Investment Scheme, and is also listed on the Johannesburg Stock Exchange as an Exchange Traded Fund. Satrix Prop provides investors with the price performance of the S&P SA Composite Property Capped Index as well as, pays out, on a quarterly basis, all dividends received from companies comprising the index, net of cost. In order to reduce costs and minimise tracking error, Satrix Prop may engage in scrip lending activities. Manufactured (taxable) dividends could arise from such transactions.

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