The information on the Adviser and Institutional areas of this site have been tailored for investment professionals. Appropriate product, fund and service information
for private investors can be accessed on the Personal area of our site. Terms & conditions.
The Sanlam World Equity Tracker Fund (underlying fund) employs optimisation
techniques to track the performance of the index, rather than attempting to hold all
of the securities in the index.
Illustrative Annualised Investment Performance
Minimum Disclosure Document (Fund Fact Sheet)
Performance Fees FAQ
Source of graph : Morningstar
This graph illustrates how an investment of R100 would have grown had you invested for the time period displayed. Like everything in life, all investments can change and come with some degree of risk. That’s why we need this disclaimer, to tell you that past performances are not necessarily a guide to future performances, and that the value of investments/units/unit trusts may go down as well as up.
The performance shown in the table above is a graphical representation of your selection (of the benchmark's past performance of the fund you selected) – including your investment objective, risk profile and fund choice – and is based on the past performance of the fund in relation to your investment. This performance is indicative and not guaranteed. The graph is for illustrative purposes only and investment performance is calculated by taking into account initial fees and all ongoing fees that you have to pay and the income reinvested on the reinvestment date.
The Manager has the right to close the portfolio to new investors in order to manage it more efficiently in accordance with its mandate. The actual fund performance can be viewed on the Minimum Disclosure Document. Annualised return is the weighted average compound growth rate over the period measured.
View, print and complete the form of your choice.
Email or fax the completed form to UTinstructions@sanlaminvestmentssupport.com or 0860 724 467
View additional forms
Chief Executive Officer - Satrix
With a CFA and multiple degrees in Maths and Applied Maths, Helena clearly knows numbers. She started in a small start-up investment team, cut her teeth as a statistical research officer at Sanlam Life and also worked on the creation of Sanlam’s linked-product company, now known as Glacier. Since rejoining Sanlam Investment Management in 2000, Helena has built up a smart-thinking team that manages the largest equity portfolio of exchange traded funds (ETFs) in South Africa. They also have more than R30 billion in assets under management. That's quite a number.
Advice fee | Any advice fee is negotiable between the client and their financial advisor. An annual
advice fee negotiated is paid via a repurchase of units from the investor.
The portfolio manager may borrow up to 10% of the market value of the portfolio to bridge
insufficient liquidity. This fund is also available via certain LISPS (Linked Investment Service
Providers), which levy their own fees.
Total Expense Ratio (TER) | The Total Expense Ratio (TER) is the charges incurred by the
portfolio, for the payment of services rendered in the administration of the CIS. The TER is
expressed as a percentage of the daily NAV of the CIS and calculated over a period of 1 year.
The TER is calculated from 01 July 2016 to 30 June 2017. A higher TER does not imply a poor
return nor does a low TER imply a good return.
The Transaction Cost (TC) is the cost incurred by the portfolio in the buying and selling of
underlying assets. This is expressed as a percentage of the daily NAV of the CIS and calculated
over a period of 1 year. Obtain the costs of an investment prior to investing by using the EAC
calculator provided at https://satrix.co.za/products
** The Satrix MSCI World Equity Index Feeder Fund invests in a share class of the underlying fund
(Sanlam World Equity Tracker Fund Class I) which reinvests all income declared and received. As
such, the Satrix MSCI World Equity Index Feeder Fund does not distribute.
Traditionally, investment advice come with a fee of up to 1.14%. But our smart online system is working to make investing cheaper and more profitable for you and hence no initial or annual advice fees will be charged. The management fee you do pay is based on the fund selected and calculated on your total contributions, and then applied to the overall value of your portfolio.
YOUR INVESTMENT WILL NOT CHARGE THE FOLLOWING FEES
SO YOU’RE ONLY CHARGED THE RELEVANT FUND-MANAGEMENT FEE
Satrix, pioneers in the passive management space are now fully owned by Sanlam. It was the first to market with a passive solution and recently launched SA’s first smart beta multi-asset fund. The Satrix range is Sanlam’s answer to the growing demand for low-cost investments with a predictable index-linked outcome.
Sanlam Collective Investments (RF) (Pty) Ltd and Satrix Managers (RF) (Pty) Ltd, a registered and approved Manager in Collective Investment Schemes in Securities. Collective investment schemes are generally medium- to long-term investments. Past performance is not necessarily a guide to future performance, and that the value of investments / units / unit trusts may go down as well as up.
A schedule of fees and charges and maximum commissions is available from the Manager on request. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio.
Annualised Total Returns
Annualised return is the weighted average compound growth rate over the period measured.
Global real GDP and industrial production momentum have been firm year-to-date,
but growth momentum will be difficult to sustain unless productivity growth also lifts.
In the US, rates were raised by 25 basis points while the median market participant
still expects one more hike this year and another two to three next year. The Federal
Open Market Committee (FOMC) appeared unfazed by the slew of weak inflation
prints, believing it to be temporary.
In the US, the recovery story manifested itself via IT stocks with the NASDAQ up
13% in the first half of 2017. A bout of ransomware attacks on leading institutions
globally further accentuated the importance of technology in our everyday lives. The
appetite for growth assets appears to be whetted by low US bond yields. After rising
from record lows of below 1.5% last year to 2.6% at the end of the first quarter of
2017, the US bond market is once again pricing borrowing costs below 2% as Fed
tightening is seen as less of a threat. This has slain the VIX ‘fear index’ to 25-year
lows and driven the S&P 500 Index to hit record highs above the 2 430 level in June.
Recently released macroeconomic data is pointing towards a steady near-term
growth path for China and at the latest ECB meeting the central bank was optimistic
on growth and inflation with expected tapering to start early next year, which in
general should be conducive for equity markets in general.
The MSCI World Index (developed markets) realised a net return of 4.03 % in US
dollar terms for the first quarter of 2017, which was worse than that of the MSCI
Emerging Markets Index (6.4%).
Our Feeder fund buys and sells units in a ‘parent fund’ called the Satrix MSCI World
Index fund, which tracks 23 developed countries with more than 1 600 shares
included in the index. We do the tracking of this index through a process of
optimisation with a tracking error varying between 15 and 20 basis points.
The MSCI World Index (in rand terms) managed a return of about 1.5% over the last
three months. Over this period the rand appreciated by close to 2.6% against the US
Despite the rollercoaster of emotions, global equities hit record highs during the past
quarter. Greed is winning and the VIX and similar fear indices in other countries are
at decade lows!
Against the worsening political climate in South Africa the uncertainty around the
rand has increased and any weakening from this level could further enhance your
rand returns from this portfolio.