Sanlam Investment Management Enhanced Yield Fund



Summary

The Fund aims to offer a higher yield than a money market fund by taking advantage of the higher yields offered by a wide range of debt instruments including corporate bonds. This fund will have no equity exposure. The ASISA category limits the average duration of the fund to 2 years.

Quick facts (as at 30 April 2019)

Fees (Incl VAT) 0.48%
Risk Profile Conservative
Portfolio Size R 7 333.9 million
Average growth per year 7.97%
Launch Date 03 May 2011
Fund Classification SA - Interest Bearing - Short Term
Minimum Investment Amount Lump sum: R10,000 | Monthly: R500
Total Expense Ratio (TER) 0.49%

Performance

Annualised Total Return as at 30 April 2019 on a rolling monthly basis
  Fund (%) Benchmark (%)
1 year 8.91 7.77
3 year 9.43 7.93
5 year 8.71 7.53
Since inception 7.97 6.94
Annualised return is the weighted average compound growth rate over the period measured
Highest and lowest annual returns over 10 years/since inception
Highest Annual % 10.04
Lowest Annual % 4.73

Illustrative Cumulative Growth of an investment of R100

Source: Morningstar Direct
Sanlam Investment Management Enhanced Yield Fund STeFI + 0.5%

 Graph Disclaimer

This graph illustrates how an investment of R100 would have grown had you invested for the time period displayed. Like everything in life, all investments can change and come with some degree of risk. That’s why we need this disclaimer, to tell you that past performances are not necessarily a guide to future performances, and that the value of investments/units/unit trusts may go down as well as up. The performance shown by this graph happened in the past and is not guaranteed. The performance is calculated by taking into account initial and ongoing fund manager fees and assumes that you reinvested all the income earned by the fund over this period.

The other line on the graph is for the performance of the designated benchmark of the fund – normally either an index or other funds in the industry that are comparable to the fund you’ve chosen.

The Manager has the right to close the portfolio to new investors in order to manage it more efficiently in accordance with its mandate. The actual fund performance can be viewed on the Minimum Disclosure Document. Annualised return is the weighted average compound growth rate over the period measured.

Fund profile: Conservative

Conservative Moderate Aggressive

Asset Allocation

5.89% Bonds 0 - 3 years
1.73% Bonds 3 - 7 years
5.04% Bonds 7 - 12 years
81.33% Cash and Money Market Assets
6.01% Inflation Linked Bonds

Top Holdings

Standard Bank of SA Limited 18.70%

First Rand Bank Limited 14.30%

NedBank Limited 12.20%

ABSA Bank Limited 11.70%

RSA Government 8.10%

HSBC Holdings 3.90%

ABSA Pref 2.40%

IBL39 Investec Bank Limited 8.765% 02042018 2.10%

Thekwini Fund 10 RF Ltd F/R 180717 1.60%

Investec Property Fund Limited 1.30%

Fees

Our smart online system is working to make investing more profitable for you. The management fee you pay is based on the fund selected and calculated on your total contributions, and then applied to the overall value of your portfolio.

Your investment will NOT charge the following fees:

  • No initial account set-up fees – usually charged at 2%.
  • No switching fees
  • No exit fees
  • No account changes fees
  • No rebalancing fees
  • No commissions
  • No debit order fees
  • No fund manager rebates

So you’re only charged the relevant fund-management fee

  • Total Annual Fee: 0.48%

Portfolio Manager

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Melville du Plessis

Melville du Plessis joined Sanlam Investment Management in 2011 as a Portfolio Manager in the fixed interest team. He is responsible for a range of actively managed mandates, including local Bond Funds, Enhanced Yield Funds and International Debt Portfolios. Prior to SIM he was with Novare Investments, having joined in 2006 as an analyst in the Fund of Hedge Funds and Investment Research teams, and later taking responsibility as portfolio manager of the Multi-Asset Class and Multi-Manager products. Melville has a BComm (Institutional Investments) and a BCommHons (Financial Risk Management), both from the University of Stellenbosch. He is also a CFA charter holder, a CAIA charter holder and a certified FRM.

SIM and Satrix

More about Sanlam Investment Management:

Sanlam Investment Management is the local active asset management house within Sanlam Investments. When choosing a fund managed by us, you have on your side one of SA’s largest and most reputable, risk conscious investment teams, consistently meeting or exceeding our benchmarks. Sanlam Collective Investments has appointed SIM as the asset manager for its unit trust funds, catering for the full spectrum of risk profiles.

More about Satrix Managers:

Satrix, pioneers in the passive management space are now fully owned by Sanlam. It was the first to market with a passive solution and recently launched SA’s first smart beta multi-asset fund. The Satrix range is Sanlam’s answer to the growing demand for low-cost investments with a predictable index-linked outcome.

Disclaimer

Sanlam Collective Investments (RF) (Pty) Ltd and Satrix Managers (RF) (Pty) Ltd, a registered and approved Manager in Collective Investment Schemes in Securities. Collective investment schemes are generally medium- to long-term investments. Past performance is not necessarily a guide to future performance, and that the value of investments / units / unit trusts may go down as well as up.

A schedule of fees and charges and maximum commissions is available from the Manager on request. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio.