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0.02  /  0.02%


NAV on 2019/09/18
NAV on 2019/09/17 115.46
52 week high on 2019/09/18 115.48
52 week low on 2018/10/01 112.85
Total Expense Ratio on 2019/06/30 1.38
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 0.24% 0.49%
3 month change 0.6% 1.56%
6 month change 1.2% 3.08%
1 year change 2.29% 6.26%
5 year change 2.03% 6.01%
10 year change 1.42% 5.46%
Price data is updated once a day.
  • Sectoral allocations
Fixed Interest 1222.19 93.57%
Liquid Assets 83.98 6.43%
  • Top five holdings
U-SALTINC 908.47 69.55%
U-INVCOMM 100.11 7.66%
U-CORMM 80.10 6.13%
U-OMINC 35.89 2.75%
U-RMBINPL 33.52 2.57%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Income
After tax return on the Sanlam Money Market Fund (individual tax rate of 40%) net of fees
Contact details

No email address listed.

No website listed.


  • Fund management  
Ockert Goosen
Francois Malan

  • Fund manager's comment

Sanlam Diversified Income FoF comment - Mar 19

2019/05/30 00:00:00
The major themes of 2018 persisted into the 1st Quarter of 2019. A notable change came from the US Federal reserve Open Market Committee, changing their monetary stance to a much more accommodative view. This was a catalyst for a strong correction in equity markets, recovering substantially from the draw down in 2018, as well as strong positive performance in global bonds, notably the US 10 year bond. The slowdown in global trade, mainly driven by the US-Sino trade dispute is filtering into global growth necessitating more stimulus from monetary authorities.
The Fund positioning remained defensive over the quarter reflecting uncertainties, especially the potential risk around the Moody’s South African credit rating assessment close to quarter end. Fund risk allocating was increased somewhat post the ratings announcement. We still expect substantial volatility around the election
  • Fund focus and objective  
The objective of this fund of funds portfolio is to offer a low risk, liquid investment which will generate income predominantly in the form of dividends. The income distributed to investors will aim to exceed the average after tax yield normally received from money-market portfolios.
In achieving its objective, the portfolio will invest in assets in liquid form, and in participatory interests in portfolios of collective investment schemes registered in the Republic of South Africa. The portfolio will consist of a mix of collective investment portfolios investing predominantly in non-equity preference shares and to a lesser extent money market instruments offering a low risk return predominantly in the form of tax-free dividends, in line with the portfolio's objective.
The investment manager of the portfolio will follow a conservative risk profile focussed on capital preservation.
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