Download Guaranteed Capital Fund

Guaranteed Capital Fund
30 June 2017
Sanlam Life
Investor Profile
As an investor, you will share in the full growth of the assets of this fund.
There is no risk attached to an investment in this fund. Sanlam Life
guarantees that this growth will never be negative.
Fund Information
Fund Manager
Sanlam Investment Management (SIM)
Risk Level
Cash
Fund Value
R6 138.8m
Commencement Date
Oct-99
Fixed Admin Charge
1.25% p.a.
Asset Management Fee at Benchmark
%
0.10% p.a. (incl. VAT)
Benchmark
Short Term Fixed Interest Index (SteFI)
Exempted from Regulation 28.
How does growth takes place in the fund?
A bonus is added daily or monthly depending on the type of policy or
investment.
It becomes part of the investment and cannot be removed or decreased.
However, the bonus rate can fluctuate from time to time, depending on the
level of short-term interest rates.
What is guaranteed
The net investment, which is guaranteed for the full term, plus all
accumulated bonuses, will be payable on the maturity date of the investment
or policy.
The guaranteed amount is also payable in the event of death of the life
assured.
The bonuses can be taken as regular withdrawals
- the investment originated from the continuation of another Sanlam Life
policy,
- it is a Sanlam Traded Policy, or if
- it is a Stratus policy outside it’s restricted period.
The guarantee does not apply to investment in the Stratus Investment
Linked Pension or if the regular cash withdrawals amounts are larger than
the declared bonus.
However, if you invest your Stratus Investment Linked Pension in the
Guaranteed Capital Fund, your net investment will be increased by the
declared bonuses and decreased by your pension payments. Therefore the
net investment amount cannot be guaranteed. The bonuses may not be
withdrawn.
High after-tax returns
The bonuses are tax-free under current tax practice. If you withdraw the
bonuses in the case of continued or traded policies, this represent an aftertax pay-out in your hands and should be compared with other investments’
after-tax amounts. For example, a bonus rate of 10% represents an rate of
16.7%, before tax if you pay tax at 40% marginal rate. (This does not apply
to the Stratus Investment Linked Pension.)
Retirement fund performance % (net of fees)
Period
Single Premium
Avg Inflation p.a
3 months
1.94
1.79
6 months
3.89
3.14
1 yr
7.76
5.36
3 yrs
6.86
5.35
5 yrs
6.35
5.62
10 yrs
6.82
6.21
Inception
6.83
-
Performances note
Performance results are calculated on the sell-to-sell fund performance of the
Retirement fund class, net of all charges reflecting on the sheet and include
reinvested income. Figures are calculated for single premiums in the currency of the
fund and are annualised for terms greater than a year.
CPI Measures the increase in the price of the basket of goods an average family
would buy over a specific time period
Mandatory disclosure
The information contained in this document does not constitute advice by Sanlam Life. Whilst every attempt has been made to ensure the accuracy of the information contained herein, Sanlam cannot be held
responsible for any errors that may occur. Past performance cannot be relied on as an indicator of future performance. Investment performance will depend on the growth in the underlying assets, which will be
influenced by inflation levels in the economy and the prevailing market conditions. Source: Sanlam Life, SIM.
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Guaranteed Capital Fund
Sanlam Life
30 June 2017
Bonus declarations
Date
Endowment Portfolio
Retirement Portfolio
Annual %
Monthly %
Annual %
Monthly %
March
5.00
0.4074
7.00
0.5654
February
5.00
0.4074
6.75
0.5458
January 2016
5.00
0.4074
6.75
0.5458
December
5.00
0.4074
6.50
0.5262
November
5.00
0.4074
6.50
0.5262
October
5.00
0.4074
6.50
0.5262
September
5.00
0.4074
6.50
0.5262
August
4.75
0.3875
6.25
0.5065
July
4.75
0.3875
6.25
0.5065
June
4.75
0.3875
6.25
0.5065
May
4.75
0.3875
6.25
0.5065
April
4.75
0.3875
6.25
0.5065
March 2015
4.75
0.3875
6.25
0.5065
Additional Fund Information
Mandatory disclosure
The information contained in this document does not constitute advice by Sanlam Life. Whilst every attempt has been made to ensure the accuracy of the information contained herein, Sanlam cannot be held
responsible for any errors that may occur. Past performance cannot be relied on as an indicator of future performance. Investment performance will depend on the growth in the underlying assets, which will be
influenced by inflation levels in the economy and the prevailing market conditions. Source: Sanlam Life, SIM.
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