ETFCentral
CoreShares Top 50 ETF
Summary
Issuer
CoreShares
Short Code
CTOP50
Launch Date
13 May 2015
Index Tracked
S&P SA 50
Exposure
Local/Offshore
Local
Asset Class
Equity
Cost
TER
0.26%
Smart Beta
Smart Beta
Yes
Smart Beta Type
Alternative Weighting
Dividends
Distribution Dates
Mar, Jun, Sep, Dec
Last Dividend Payout
20 April 2020
Next Dividend Payout
13 July 2020
Detailed Description
The investment policy of the portfolio shall be to track the
S&P South Africa 50 Index as closely as possible, by buying
only constituent securities in the same weightings in which
they are included in the Index and selling only securities which
are excluded from the Index from time to time as a result of
quarterly Index reviews or corporate actions.
The index, which is constructed and maintained by S&P Dow Jones Indices, provides exposure to the largest 50 companies on the JSE by float-adjusted market cap. Constituent weightings are capped at 10% (as at the quarterly rebalancing date).
The index, which is constructed and maintained by S&P Dow Jones Indices, provides exposure to the largest 50 companies on the JSE by float-adjusted market cap. Constituent weightings are capped at 10% (as at the quarterly rebalancing date).