04 Nov GCR affirms the Sanlam Alternative Income Fund’s Rating
GCR AFFIRMS THE SANLAM ALTERNATIVE INCOME FUND’S RATING OF AA-(ZA)(F)
We are pleased to announce that on 10 October 2016, Global Credit Ratings (GCR) affirmed the Sanlam Alternative Income Fund’s national scale fund rating of AA-(ZA)(f); with the outlook accorded as Stable. Click here to view the fund rating announcement.
With the return of the fund comprising mostly of dividends and with its targeted constant price of R1 a unit, the fund remains an attractive tax efficient alternative to money market funds and cash investments. The average dividend portion of the fund’s return for the year ended September 2016 was 88%.
The fund was launched 9 years ago and has consistently outperformed its benchmark since inception. The fund size at the end of September 2016 was R8.3bn.
Please contact us if you have any questions.
Shirley Rademeyer Jonathan Whittaker
021 914 1890 021 941 1888
082 990 6906 072 185 8382
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The Sanlam Group is a full member of the Association for Savings and Investment SA. A schedule of fees and charges and maximum commissions is available from the Manager, Sanlam Collective Investments (RF) Pty Ltd, a registered and approved Manager in Collective Investment Schemes in Securities. The most expensive fee class is the A1 class with an annual management fee of 1.15% (excl. VAT). The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The performance of the portfolio depends on the underlying assets and variable market factors. The portfolio may invest in other unit trust portfolios which levy their own fees, and may result is a higher fee structure for our portfolio. The portfolio is an approved collective investment schemes in terms of Collective Investment Schemes Control Act, No 45 of 2002 (“CISCA”). The fund may from time to time invest in foreign instruments which could be accompanied by additional risks as well as potential limitations on the availability of market information. The Manager has the right to close any portfolios to new investors to manage them more efficiently in accordance with their mandates.
Manager: Sanlam Collective Investments (RF) (Pty) Ltd. The management of the portfolio is outsourced and co-managed by Sanlam Structured Solutions, a division of Sanlam Investment Management (Pty) Ltd, and Ora Fund Managers (Pty) Ltd, authorised financial services providers in terms of the Financial Advisory and Intermediary Services Act, 2002