Website: http://coreshares.co.za/products/coreshares-proptrax-ten-ptxten/
PropTrax offers two passively managed Exchange Traded Funds (ETF’s), with the investment objective of replicating the price and yield performance of a specified Index by holding a portfolio of securities substantially equivalent to and in the same weightings as the basket of securities comprising the Index. PropTrax SAPY (share code: PTXSPY) and PropTraxTen (share code: PTXTEN) are listed on the JSE Limited (Johannesburg Stock Exchange).
The PropTrax portfolios will be adjusted as determined by the ground rules to conform to changes in the basket of securities comprising the Index so as to ensure that the composition and weighting of the securities comprising the relevant PropTrax portfolio at all times reflects, as closely as reasonably possible, the composition and weighting of the securities comprising the Index.
