Sanlam Investment Management Value Fund (Tax Free)



Summary

This is a pure equity fund diversified across all sectors of the JSE. It offers a reasonable level of current income and the potential for long term outperformance. The fund managers only invests in shares which are undervalued and are very aware of downside risks. A maximum of 25% offshore assets may be held.

Quick facts (as at 30 April 2019)

Fees (Incl VAT) 1.72%
Risk Profile Aggressive
Portfolio Size R 1 854.7 million
Average growth per year 0.77%
Launch Date 05 Mar 2015
Fund Classification SA - Equity - General
Minimum Investment Amount Lump sum: R10,000 | Monthly: R500
Total Expense Ratio (TER) 1.74%

Performance

Annualised Total Return as at 30 April 2019 on a rolling monthly basis
  Fund (%) Benchmark (%)
1 year 5.16 1.27
3 year 1.66 5.31
Since inception 0.77 5.10
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 % 5.16
Lowest Annual % -6.00

Illustrative Cumulative Growth of an investment of R100

Source: Morningstar Direct
Sanlam Investment Management Value Fund (Tax Free) FTSE/JSE All Share TR ZAR

 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.


Asset Allocation

1.02% Cash and Money Market Assets
11.15% Equity Basic Materials
8.30% Equity Consumer Goods
17.22% Equity Consumer Services
17.80% Equity Financials
1.13% Equity Health Care
5.08% Equity Industrials
12.17% Equity Technology
3.47% Equity Telecommunications
22.66% International Assets

Top Holdings

Sanlam Glbl Financial F Eusd 8.05%

Naspers -N- 7.13%

Anglos 5.69%

Sanlam Gl Best Idea Uni Eusd 4.78%

Altron 3.92%

Sasol 3.55%

Stanbank 3.37%

Oracle Corp 3.23%

Italtile 3.12%

MTN 3.10%

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: 1.72%

Portfolio Managers

W1siziisijiwmtcvmdkvmdqvdnnsodduy3jrx2nsyxvkzv92yw5fy3v5y2suanbnil1d

Claude van Cuyck

Claude is a CFA with a BCom Honours (with distinction) and 22 years investment experience. He started at Karlein Investments, a small private client portfolio manager, then worked at Sanlam Investment Management as an equity analyst and at Gryphon Asset Management as an analyst and Portfolio Manager. After returning to SIM, Claude managed the Sanlam General Equity unit trust until 2011 when he and Ricco launched SIM Unconstrained Capital Partners. Under his management this fund was consistently in the top quartile of the general equity unit trust category over five years. He also managed the Industrial Unit Trust fund, which won a Raging Bull and S&P awards.

W1siziisijiwmtcvmdkvmjcvmw5ymg5pndzkdv9yawnjb19mcmllzhjpy2guanbnil1d

Ricco Friedrich

Ricco co-manages the Sanlam Investment Management Value Fund together with Claude van Cuyck. He co-founded SIM Unconstrained Capital Partners, which merged with SIM Global to form Denker Capital, in 2011. Ricco completed his articles at Grant Thornton in 1998, where after he started his investment career at Franklin Asset Management as an equity analyst. In 1999 Ricco joined SIM (now Sanlam Investments) where he spent two years analysing industrial stocks before taking up the position of head of small caps in 2001. Over the following five years the Sanlam Small Cap Fund won several awards for performance, including Best Performing Equity Unit Trust in South Africa. In 2006 Ricco took over the management of the Sanlam Investment Management Value Fund.

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.