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0  /  0%

1.0000

NAV (ZAR) on 2024/09/13
NAV (ZAR) on 2024/09/12 1.0000
52 week high on 2023/09/19 1.0000
52 week low on 2023/09/19 1.0000
Total Expense Ratio on 2024/06/30 1.2
Total Expense Ratio (performance fee) on 2024/06/30 0
NAV
Incl Dividends
1 month change 0% 0.45%
3 month change 0% 1.31%
6 month change 0% 2.68%
1 year change 0% 5.54%
5 year change 0% 3.94%
10 year change 0% 4.6%
Price data is updated once a day.
Unit trust and ETF performances for periods greater than 12 months are annualised.

Here is a list of JSE shares held in this Unit Trust. These tables reflect changes in holdings over two quarters, but do not show where a fund has completely sold a holding during the latest quarter.
Currently there is no data on shares being held by this fund. Use our tool to find another fund.

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  • Fund focus and objective  
The objective of the Sanlam Alternative Income Fund (SAIF or the fund) is to offer a liquid, mainly dividend-yielding investment that will track the South African short-term interest rate cycle. Income distributed to investors will aim to exceed the average after tax yield normally received from money market portfolios.
The credit risk is diversified in credit-rated investments of a high credit quality. Investments are in rand-denominated, redeemable, cumulative preference shares and liquid instruments.
The fund has a conservative investment mandate that will follow a risk profile focused on capital preservation subject to strict criteria, in accordance with the requirements of the Collective Investments Schemes Control Act (CISCA).
Why Choose This Fund?
* An ideal core cash holding for investors who have a high marginal tax rate.
* SAIF is the first 'new generation' dividend fund in the industry, structured essentially as a preference share conduit fund.
* The portfolio will invest only in redeemable cumulative preference shares and in liquid instruments, and will not invest in non-redeemable (perpetual) preference shares, or preference shares that offer a fixed rate of return.
* A proven market demand exists for an investment product that offers:
- Enhanced yields mainly in the form of tax-free dividends.
- Capital stability in the form of a constant unit price to be maintained.
- No capital gains tax implications.
- Low capital risk.
- No market or interest rate risk.
- Distributions on a monthly basis.
- Investor protection within the highly regulated CIS arena.
Additional Fund Information
* A constant unit price of 100c will be maintained.
* The fund may be closed for new investments.
* The fund has a credit rating of za.AAi from CA-Ratings.
* The return will be in the form of tax free dividends and a portion of taxable interest income.
* The fund offers 48 hour liquidity, subject to the provisions of the deed.

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