Smoothed bonus portfolios
Our smoothed bonus portfolios reduce the volatility of investment returns that are inherent in market exposure. This is done through regular bonus declarations, which are designed to provide a smoother return over time. These portfolios offer capital protection and are appropriate for members approaching retirement, members whose employment is vulnerable to economic changes, as well as risk-averse members.
Our smoothed bonus portfolios
- Monthly Bonus FundSuitable for investors whoWhat the fund aims to achieve and how
Want to reduce the volatility of their investment, especially as they approach retirement, without giving up the upside potential of their returns.
Want comprehensive guarantees on their benefit payments on retirement, resignation, retrenchment, disability or death.
More informationProvides investment protection against short-term volatility while providing full guarantees on benefit payments.
Smoothes investment returns.
Bonuses are fully guaranteed and declared monthly in advance. Bonuses cannot be negative.
- Stable Bonus PortfolioSuitable for investors whoWhat the fund aims to achieve and how
Want to reduce the volatility of their investment, especially as they approach retirement, without giving up the upside potential of their returns.
Are willing to have only a portion of their bonus guaranteed to pursue possible higher returns. Bonuses consist of a guaranteed and non-guaranteed portion.
Protects investors against short-term volatility while providing partial guarantees on benefit payments.
Smoothes investment returns.
Bonuses consist of a vesting and non-vesting portion, and are declared monthly in advance. Bonuses cannot be negative.
More information Product brochure Download Fund Factsheet
- Progressive Smooth Bonus FundSuitable for investors whoWhat the fund aims to achieve and how
See economic empowerment as a national priority.
Want to reduce the volatility of their investment, especially as they approach retirement, without giving up the upside potential of their returns.
Are willing to have only a portion of their bonus guaranteed to pursue possible higher returns. Bonuses consist of a guaranteed and non-guaranteed portion.
Stable monthly bonuses
Market-related performance
Guarantees on benefit payments (resignation, retirement, retrenchment, disability and death)
Peace of mind irrespective of market conditions
Protects investors against short-term volatility while providing partial guarantees on benefit payments
Smoothes investment returns
Bonuses consist of a vesting and non-vesting portion, and are declared monthly in advance
More information Product brochure Download Fund Factsheet
- Sanlam Absolute Return Plus FundSuitable for investors whoWhat the fund aims to achieve and how
Want to reduce the volatility of their investment, especially as they approach retirement.
Are close to retirement and want to avoid the volatility of a fully market-linked investment.
Do not want a market value adjustment to reduce the value of their investment if they terminate or switch due to a non-benefit event.
Provides capital preservation and stable non-negative investment returns to risk-averse members with exposure to Sanlam’s Inflation Linked Fund.
Bonuses are fully guaranteed and declared monthly in advance. Bonuses cannot be negative.
More information Product brochure Download Fund Factsheet
- Smooth Growth Series
The Smooth Growth Series consists of three portfolios: the Sanlam Smooth Growth Fund, the Sanlam Multi-Managed Smooth Growth Fund, and the Sanlam Multi-Managed Smooth Global Growth Fund. The smoothing provided by these portfolios reduces the volatility of investment returns, giving risk averse members the capacity to invest more in growth assets such as equities and property.
The Sanlam Smooth Growth Fund is a single-manager portfolio managed by Sanlam Investments’ Active Manager. The underlying portfolio has a moderate-aggressive risk profile with exposure to local and international markets.
The Sanlam Multi-Managed Smooth Growth Fund is a multi-managed portfolio managed by Sanlam Investments’ Multi-Manager. The underlying portfolio has a moderate-aggressive risk profile with exposure to local and international markets.
The Sanlam Multi-Managed Smooth Global Growth Fund is a multi-managed portfolio managed by Sanlam Investments’ Multi-Manager. The underlying portfolio has moderate-aggressive risk profile, with the aim of fully investing in international markets.
What the fund aims to achieve:The objective of the fund is to provide stable long-term capital growth. This is achieved by smoothing volatile investment returns while declaring monthly bonuses.
The smoothing provided by these portfolios reduces the volatility of the investment, giving risk averse members the capacity to invest more in growth assets such as equities and property.
Available for the following product categoriesSuitable for investors whoLiving annuities
Retirement annuity funds
Retail preservation funds
Retirement funds
What the fund aims to achieve and howWant high exposure to growth assets but with reduced short-term volatility in their retirement income portfolios.
Understand that with the monthly bonus formula they will have less market volatility than similar multi-asset class portfolios, but in the event of severe market conditions their bonuses may at times be zero or negative.
The objective of the fund is to provide stable long-term capital growth. This is achieved by smoothing volatile investment returns while declaring monthly bonuses.
More information
Sanlam Smooth Growth Product Brochure Fund Factsheet
Sanlam Multi-Managed Smooth Growth Fund Product Brochure Fund Factsheet
Sanlam Multi-Managed Global Growth Fund Fund Factsheet
Useful smoothed bonus information
The role of smoothing in living annuities with Danie van Zyl