Skip Ribbon Commands
Skip to main content

Skip Navigation Linkssatrixmsciworldfeeder Satrix MSCI World Equity Index Feeder Fund

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.

continue
Do not show this again.

Contact

Call me back

Advice

Back

Email us

Skip Navigation LinksCore Funds

Satrix MSCI World Equity Index Feeder Fund

Diversifying across countries can benefit your portfolio. Also, investors planning future international studies or travel, or perhaps an offshore retirement may want to look outside SA for wealth preservation. Investors don’t need an offshore bank account to invest in this fund; the returns will be paid into an SA bank account.

Quick Facts About The Fund

Satrix MSCI World Equity Index Feeder Fund

Launch Date: October 2013
Fund Size: R1 853.1 million
Benchmark: MSCI World Equity Index (in ZAR)
Time Horizon: 5 years +
Risk Profile: Aggressive
Fund Classification: Global - Equity - General
Min Investment Amount: Lump sum: R10 000 | Monthly: R500
Total Expense Ratio (TER): 0.89%
Launch Date: October 2013
Fund Size:
Benchmark: MSCI World Equity Index (in ZAR)
Time Horizon: 5 years +
Risk Profile: Aggressive
Fund Classification: Global - Equity - General
Min Investment Amount: Lump sum: R10 000 | Monthly: R500
Total Expense Ratio (TER): 0.89%

Fund Strategy

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

Performance

Annualised as at 31 July 2017 on a rolling monthly basis
Retail Class Fund (%) Benchmark (%)
1 year 10.08 10.31
3 year 12.61 14.33
5 year N/A N/A
Since inception 13.80 15.85

Annualised return is the weighted average compound growth rate over the period measured
Actual highest and lowest annual figures for rolling 10 years
Highest Annual % 19.77
Lowest Annual % 8.29

Minimum Disclosure Document (Fund Fact Sheet)

Performance Fees FAQ

Illustrative Annualised Investment Performance

Satrix MSCI World Equity Index Feeder Fund
MSCI World Equity Index (in ZAR)

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.

1. Apple Computer Co 1.90%
2. Microsoft Corp 1.26%
3. Facebook Inc 0.91%
4. Johnson & Johnson 0.85%
5. Alphabet Inc Cl C 0.82%
6. Exxon Mobil Corp 0.79%
7. JP Morgan Chase & Co 0.78%
8. Nestle SA CHF1 0.66%
9. Bankamerica Corp 0.61%
10. Wells Fargo & Co 0.61%
Equity Energy
Equity Utilities
Equity Health Care
Equity Information Technology
Equity Financials
Equity Telecommunication Services
Equity Consumer Discretionary
Equity Consumer Staples
Equity Industrials
Equity Materials
1. Apple Computer Co 1.90%
2. Microsoft Corp 1.26%
3. Facebook Inc 0.91%
4. Johnson & Johnson 0.85%
5. Alphabet Inc Cl C 0.82%
6. Exxon Mobil Corp 0.79%
7. JP Morgan Chase & Co 0.78%
8. Nestle SA CHF1 0.66%
9. Bankamerica Corp 0.61%
10. Wells Fargo & Co 0.61%

Unit Trust application forms

View, print and complete the form of your choice.
Email or fax the completed form to UTinstructions@sanlaminvestmentssupport.com or 0860 724 467

Unit Trust Application Form – Individual Investors Download PDF
Unit Trust Tax-Free Application Form Download PDF
Unit Trust Application Form - Non-Individual Investors Download PDF
Unit Trust Additional Investment Form Download PDF
Unit Trust Switching Form Download PDF
Unit Trust Investor Details Update Form Download PDF

View additional forms

Helena Conradie

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.

Helena Conradie

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.

Traditional Investing (When you invest via a Financial Adviser or other)

Advice initial fee (max.) N/A
Manager initial fee N/A
Advice annual fee (max.) 1.14%
Manager annual fee 0.57%
Total expense Ratio (TER) 0.89%
Transaction Cost (TC) 0.09%

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.

When you invest online

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

Retail Class (%)
  • Advice initial fee (max.) N/A
  • Manager initial fee N/A
  • Advice annual fee (max.) 1.14%
  • Manager annual fee 0.57%
  • Total Expense Ratio (TER) 1.00%
  • Transaction Cost (TC) 0.07%

SO YOU’RE ONLY CHARGED THE RELEVANT FUND-MANAGEMENT FEE

  • Total Annual Fee: 1.14%

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.

Visit the Satrix website for more information

Market review

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.

Portfolio performance and changes

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 dollar.

The year ahead

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.

Sanlam Life Insurance is a licensed financial service provider.
Copyright © Sanlam