1 ( fund Fact Sheet). Sanlam Global Equity fund June 2018. fund Objective Top 10 Holdings The fund is an actively managed Rand denominated Global Equity fund aiming to Top 10 % of Portfolio deliver superior returns over the long term by investing in a carefully selected, Express Scripts diversified basket of shares across the globe. Oracle Corp fund Strategy ENI SPA /EUR/ The fund employs an active, conviction-driven management style. Key to the fund HP Inc is its focus on identifying growing companies with competitive franchises and strong Imperial Tobacco cash generation.
2 The fund is managed by the highly experienced FOUR Capital Partners (UK) Global investment team with its unique Intrinsic Value investment Anadarko Petroleum approach. The portfolio may also invest in participatory interests of underlying unit trust portfolios. Samsung Electronics Bank America Why choose this fund ? Unitedhealth Group Investors seeking exposure to a diversified portfolio of international equities Microsoft Corp targeting long term growth are well suited to invest in this fund . The fund provides a high degree of protection against potential Rand depreciation.
3 Performance (Annualised) as at 30 Jun 2018 on a rolling monthly basis The fund is well suited to be used as the Global Equity component within a diversified multi-asset portfolio. Retail Class fund (%) Benchmark (%). It is a Rand denominated international fund . No foreign exchange tax clearance is required. 1 Year 3 Year Risk Considerations 5 Year The fund is focused on investment in Global listed companies; accordingly the 10 Year performance of the fund is directly linked to the performance of Global Equity markets.
4 An annualised rate of return is the average rate of return per year, measured over a period either Investing in international companies means the currency exchange rate longer or shorter than one year, such as a month, or two years, annualised for comparison with a fluctuations will impact on the fund 's performance. one-year return. As the SA Rand can be a volatile currency, this could lead to significant fluctuations in the Rand value of this fund . Performance (Cumulative) as at 30 Jun 2018 on a rolling monthly basis fund Information Retail Class fund (%) Benchmark (%).
5 1 Year ASISA fund Classification Global - Equity - General 3 Year Risk profile High 5 Year Benchmark MSCI World Index (Developed Markets). 10 Year Fee class launch date Class A: 02-07-2001. Cumulative return is the aggregate return of the portfolio for a specified period. Portfolio launch date 01 February 1995 Performance figures sourced from Morningstar. Minimum investment Class A: Risk Statistics: 3 years to 30 Jun 2018. Lump sum: R10 000. Monthly: R500 Std Deviation (Ann) Portfolio Size R 647 million Sharpe Ratio (Ann) Last two distributions Class A: 31/12/17: 0 cents per unit Actual highest and lowest annual returns*.
6 30/06/18: cents per unit Highest Annual % Income decl. dates 30/06 | 31/12. Lowest Annual % Income price dates 1st working day after declaration *Portfolio valuation time 15:00 Asset Allocation Transaction cut off time 15:00. Daily price Information Repurchase period 3 working days This monthly Minimum Disclosure Document should be viewed in conjunction with the Glossary of Terms sheet. Issue date: 23 July 2018. ( fund Fact Sheet). Sanlam Global Equity fund June 2018. Portfolio Manager(s) Quarterly Comment Investment Approach Following the relative calm and strong performance of 2017, 2018 has started quite Sanlam FOUR's investment team employs an active, conviction-driven differently.
7 January saw markets perform very strongly, but fears around inflation, management style. Key to the fund is its focus on identifying growing companies, sparked by US data, spooked markets, as they became concerned that the strength with competitive franchises and strong cash generation. When focusing on a of economic data may cause the US Federal Reserve to raise interest rates more company, the team will undertake intensive research to establish the true worth of aggressively than previously anticipated.
8 This then led to Equity markets selling-off the business, what we call its Intrinsic Value. This process normally includes in February, which spilled over into March, though perhaps for other reasons a meeting the senior management of the companies we invest in. fear of a Global trade war given some of President Trump's announcements surrounding tariffs, which have been mostly aimed at China, while China has The team will take high conviction positions in those opportunities where they have retaliated by imposing tariffs on certain US goods.
9 The market has become identified the potential for significant upside to current Share prices. Although the concerned that this will escalate into a full-blown trade war, which almost all agree team will give consideration to the macroeconomic backdrop, emphasis is very is not positive for the overall Global economy and economic growth. Trump himself much on building a portfolio of outstanding companies from a bottom up basis. appears to be seeking to rebalance the trade balance between the US and other countries, primarily China.
10 With such a backdrop volatility has picked up noticeably, About The fund Manager although most investors had been expecting this at some point, given the unsustainably low levels volatility had reached. Volatility is not now high by Sanlam FOUR was founded in 2006 and is a specialist in equities fund historical levels, but appears relatively high compared to very recent history. management. The key to our success is the highly experienced investment team and its Intrinsic Value investment approach. As a boutique, Sanlam FOUR benefits Many of the concerns from 2017 have been carried into 2018, although the issues from short communication lines and swift efficient decision-making.