Morningstar has released the latest quarter-end performance figures and we are delighted to share with you the excellent performance of two of our global funds.
Two of our four global funds are once again in the top spots in their categories since inception
The Sanlam Global Financial Fund, launched in 2004, and the SIM Global Emerging Markets Fund, launched in 2015, have both consistently outperformed their peers since inception. For the Sanlam Global Financial Fund, this means maintaining first position among 30 global funds over a period of almost 15 years, and for the latter it means beating the other 538 funds in its category, as shown in Figure 1. Both funds are denominated in US dollars, but can also be accessed via their rand-denominated feeder funds.
Figure 1: Performance of the Sanlam Global Financial Fund and the SIM Global Emerging Markets Fund (as at 30 June 2017)
Source: Denker Capital, Morningstar
The Sanlam Global Financial Fund came out on top of all the funds in South Africa
For the 12 months up until the end of the quarter, the fund and its feeder fund were the best-performing funds out of all the funds in South Africa that are available to the public for investment across all fund categories. For the purpose of the comparison, the performance figures used are based on returns in rand before fees are taken into account.
For insight into the investment approach and convictions of Kokkie Kooyman, who manages the Sanlam Global Financial Fund, look out for our upcoming quarterly newsletter.
We are very proud of these results but remain focused on our prudent investment process
Even though past performance is not necessarily an indication of future performance, this independent confirmation of these funds’ stellar returns is evidence of the success of our prudent investment process over time. We will not rest on our laurels and will continue to apply our investment philosophy and process in a disciplined way across our funds to help our clients maximise the growth on their money.
View the latest minimum disclosure documents (MDDs or fund factsheets) for these funds by clicking on the links below. The MDDs for June will be distributed once available.
The returns and fund information included above should be read with the funds’ minimum disclosure documents. The Sanlam Global Financial Fund A (retail) class has an annual management fee of 1.25%, while the D class is the most expensive class with a fee of 1.5%. The SIM Global Emerging Markets Fund A1 (retail) class has an annual management fee of 1.15%, while the A2 class is the most expensive class with a fee of 1.6%. The fees mentioned exclude VAT.
The information in this communication or document belongs to Denker Capital (Pty) Ltd (Denker Capital). This information should only be evaluated for its intended purpose and may not be reproduced, distributed or published without our written consent. While we have undertaken to provide information that is true and not misleading in any way, all information provided by Denker Capital is not guaranteed and is for illustrative purposes only. The information does not take the circumstances of a particular person or entity into account and is not advice in relation to an investment or transaction. Because there are risks involved in buying or selling financial products, please do not rely on any information without appropriate advice from an independent financial adviser. We will not be held responsible for any loss or damages suffered by any person or entity as a result of them relying on, or not acting on, any of the information provided.
The Funds are sub-funds of the Sanlam Universal Funds plc, a company incorporated with limited liability as an open-ended umbrella investment company with variable capital and segregated liability between sub-funds under the laws of Ireland and authorised by the Central Bank. The Funds are managed by Sanlam Asset Management (Ireland) Limited (the Manager), Beech House, Beech Hill Road, Dublin 4, Ireland, Tel + 353 1 205 3510, Fax + 353 1 205 3521 which is authorised by the Central Bank of Ireland, as a UCITS Management Company, and an Alternative Investment Fund Manager, and is licensed as a Financial Service Provider in terms of Section 8 of the South African FAIS Act of 2002. The Sanlam Universal Funds Plc full prospectus, the Fund supplement, the MDD and the KIID is available free of charge from the Manager or at www.sanlam.ie. This is neither an offer to sell, nor a solicitation to buy any securities in any fund managed by us. Any offering is made only pursuant to the relevant offering document, together with the current financial statements of the relevant fund, and the relevant subscription/application forms, all of which must be read in their entirety together with the Sanlam Universal Funds plc prospectus, the Fund supplement the MDD and the KIID. No offer to purchase securities will be made or accepted prior to receipt by the offeree of these documents, and the completion of all appropriate documentation. A schedule of fees and charges and maximum commissions is available on request from the Manager. This information does not constitute financial advice as contemplated in terms of the South African Financial Advisory and Intermediary Services Act. Use or rely on this information at your own risk. Independent professional financial advice should always be sought before making an investment decision, not all investments are suitable for all investors. Trail commission and incentives may be paid and are for the account of the Manager. Performance figures for periods longer than 12 months are annualised. The performance fee is accrued daily, based on performance over a rolling 6 month period with payment to the manager being made bi-annually. Performance fees will only be charged once the performance fee benchmark is outperformed.
Source of performance figures: Morningstar. Returns are annualised and net of fees. Annualised returns are returns for a period that are scaled to one year. Collective investment schemes are generally medium- to long-term investments. Please note that past performances are not necessarily an accurate determination of future performances, and that the value of investments / units / unit trusts may go down as well as up. Changes in exchange rates may have an adverse effect on the value, price or income of the product. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Collective investments are calculated on a net asset value basis, which is the total market value of all assets in the portfolio including any income accruals and less any deductible expenses such as audit fees, brokerage and service fees. Actual investment performance of the portfolio and the investor will differ depending on the initial fees applicable, the actual investment date, and the date of reinvestment of income as well as dividend withholding tax. Forward pricing is used. Additional information of the proposed investment, including brochures, application forms and annual or quarterly reports, can be obtained from the Manager, free of charge. 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. Performance is based on NAV to NAV calculations with income reinvestments done on the ex-div date. The Manager has the right to close any portfolios to new investors to manage them more efficiently in accordance with their mandates. Lump sum investment performances are quoted. 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. All the portfolio options presented are approved collective investment schemes in terms of Collective Investment Schemes Control Act, No 45 of 2002 (CISCA). The portfolio management of all the portfolios is outsourced to financial services providers authorized in terms of the Financial Advisory and Intermediary Services Act, 2002.