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Transcript
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 The bonuses may not be withdrawn.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. 10 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. 10