Satrix Property ETF (STXPRO.JO) is an exchange-traded fund that tracks the S&P South Africa Composite Property Capped Index, a market capitalization-weighted index comprising South African companies classified as property firms investing in physical real estate assets or deriving more than 60% of total revenue from real estate activities; constituent weights are capped at 10% at each rebalancing. The ETF, managed by Satrix Managers (RF) Proprietary Limited, a subsidiary of Sanlam Investments, provides investors with exposure to diversified South African real estate sectors including diversified REITs, retail REITs, real estate holding and development, industrial REITs, and storage REITs; it delivers quarterly distributions of net dividends received from underlying holdings such as Growthpoint Properties Ltd, Redefine Properties Ltd, Vukile Property Fund Ltd, Fortress Real Estate Investments Ltd, and NEPI Rockcastle NV, while engaging in securities lending to minimize tracking error and costs. Launched on February 24, 2017, and listed on the Johannesburg Stock Exchange, the fund is headquartered in Sandton, South Africa, at Building 2, 11 Alice Lane, with a total expense ratio of 0.32% (including VAT), management fee of 0.29%, and assets under management exceeding R619 million as of late 2025.
In recent developments, Satrix has expanded its property-focused offerings with the launch of the Satrix Global Property Feeder ETF in December 2025, tracking the HSBC FTSE EPRA Nareit Developed UCITS ETF to provide tax-efficient access to international real estate including digital infrastructure and global REITs; this complements STXPRO's domestic focus amid ongoing portfolio enhancements following the Sanlam-Absa merger integration.