Sanlam Collective Investments (SCI), Sanlam Global Funds and Merchant West Investments
Merchant West Investments (Pty) Ltd has signed a discretionary mandate with Sanlam Collective Investments (RF) (Pty) Ltd “SCI” and Sanlam Global Funds PLC and is the appointed Investment Manager on specific co-named funds. SCI is a registered Manager in terms of the Collective Investment Schemes Control Act and Manager of the co-named funds managed by Merchant West Investments and Sanlam Global Funds PLC is the manager of the Merchant West Investments Global funds. Sanlam Collective Investments (RF) (Pty) Ltd “SCI”, is a registered and approved Manager in Collective Investment Schemes in Securities. Collective investment schemes are generally medium- to long-term investments. SCI retains full legal responsibility for the third-party portfolio.
The Sanlam Group is a full member of the Association for Savings and Investment SA. Collective investment schemes are generally medium- to long-term investments. Please note that past performances are not necessarily an accurate determination of future performances 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 Managers, Additional information on the proposed investment, including brochures, application forms and annual or quarterly reports, can be obtained from the Manager, free of charge. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending.
Collective investments are calculated on a net asset value basis, which is the total market value of all assets in the portfolio including any income accruals and less any deductible expenses such as audit fees, brokerage and service fees. Actual investment performance of the portfolio and the investor will differ depending on the initial fees applicable, the actual investment date, and the date of reinvestment of income as well as dividend withholding tax. Forward pricing is used. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio.
The performance of the portfolio depends on the underlying assets and variable market factors. Performance is based on NAV-to-NAV calculations with income reinvestments done on the ex-div date. Performance is calculated for the portfolio and the individual investor performance may differ as a result of initial fees, actual investment date, date of reinvestment and dividend withholding tax. An annualised return is the weighted average compound growth rate over the period measured. Lump sum investment performances are quoted.
The portfolio may invest in other unit trust portfolios which levy their own fees, and may result in a higher fee structure for our portfolio. All the portfolio options presented are approved collective investment schemes in terms of the Collective Investment Schemes Control Act, No 45 of 2002 (“CISCA”). The fund may from time to time invest in foreign instruments which could be accompanied by additional risks as well as potential limitations on the availability of market information.
The Manager has the right to close any portfolios to new investors to manage them more efficiently in accordance with their mandates. The collective investment scheme may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. The portfolio management of all the portfolios is outsourced to financial services providers authorized in terms of the Financial Advisory and Intermediary Services Act, 2002. Standard Bank of South Africa Ltd is the appointed trustee of the Sanlam Collective Investments Scheme.
Foreign securities within portfolios may have additional material risks, depending on the specific risks affecting that country, such as: potential constraints on liquidity and the repatriation of funds; macroeconomic risks; political risks; foreign exchange risks; tax risks; settlement risks; and potential limitations on the availability of market information.
Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. Investors are reminded that an investment in a currency other than their own may expose them to a foreign exchange risk. Associates of the manager may be invested within certain portfolios and the details thereof are available from the manager.
The terms and conditions as well as the minimum disclosure document (MDD) for each fund are available on Merchant West Investments and Sanlam Collective Investments’ websites:
www.merchantwestinvestments.co.za
www.sanlamunittrusts.co.za
The Sanlam Collective Investments (SCI), Sanlam Global Funds is a sub-fund of the Sanlam Global Funds plc, an open-ended Umbrella type Investment Company, with segregated liability between its sub-funds, authorised by the Central Bank of Ireland, as a Retail Investors Alternative Investment Fund, a category of non-UCITS collective investment scheme to which the Companies Act 2014 and Chapter 1 of the AIF Rule Book applies. The Fund is managed by Sanlam Asset Management (Ireland) Limited, Beech House, Beech Hill Road, Dublin 4, Ireland, Tel + 353 1 205 3510, Fax + 353 1 205 3521 which is authorised by the Central Bank of Ireland, as a UCITS Management Company, and an Alternative Investment Fund Manager, and is licensed as a Financial Service Provider in terms of Section 8 of the South African FAIS Act of 2002. The Sanlam Global Funds Plc full prospectus, the Fund supplement, and the MDD is available free of charge from the Manager or at www.sanlam.ie.
