Option for those with short time horizon

This publication is intended for information purposes only and the information in it does not constitute financial advice as contemplated in terms of the Financial Advisory and Intermediary Services Act. Although all reasonable steps have been taken to ensure the information in this document is accurate, Sanlam Investments does not accept any responsibility for any claim, damages, loss or expense, however it arises, out of or in connection with the information in this document. Use or rely on this information at your own risk. Independent professional financial advice should always be sought before making an investment decision. No member of Sanlam gives any representation, warranty or undertaking, nor accepts any responsibility or liability as to the accuracy of any of this information. The contents of this document remains the property of Sanlam Investment Management (Pty) Ltd and may not be reproduced without the written permission of Sanlam Investment Management (Pty) Ltd.

Sanlam Investment Management (Proprietary) Limited is a Licensed Financial Services Provider. Sanlam is a full member of ASISA. Sanlam Collective Investments(RF) Pty Ltd., a registered and approved Manager in Collective Investment Schemes in Securities. Collective investment schemes are generally medium- to long-term investments. The Sanlam Investment Management (SIM) Balanced Fund is a multi-asset, high-equity fund and is exposed to equities, which means the prices will go up and down. The Retail class is the most expensive class offered by the Manager. The maximum fund charges include (including VAT): An initial advice fee of 3.42%; annual advice fee of 1.14% and annual manager fee of 1.25%. The most recent total expense ratio (TER) is 1.67%. The SIM Top Choice Equity Fund is a high conviction, pure equity fund. The fund is exposed to equities, which means the prices will go up and down. Sanlam Investment Management Top Choice Equity Fund aims to deliver above average growth of capital over the medium to long term. The fund may display high volatility in the short to medium term and is suitable for the sophisticated investor with an aggressive risk profile. The Retail class is the most expensive class offered by the Manager. Maximum fund charges include (incl VAT): Initial advice fee, 3.30%. Initial manager fee, 0.00%. Annual advice fee, 1.14%. Annual manager fee, 1.02%. Total expense ratio (TER), 1.19%. The SIM Enhanced Yield Fund is an interest-bearing fund that invests in a wide range of debt instruments. The Retail class is the most expensive class offered by the Manager. The maximum fund charges include (including VAT): An initial advice fee of 0.34%; annual advice fee of 1.14% and annual manager fee of 0.47%. The most recent total expense ratio (TER) is 0.49%.

Please note that past performances are not necessarily an accurate guide of future performances, and that the value of investments / collective investment units / unit trusts may go down as well as up. Commission may be paid and, if so, would be included with the brokerage charges, securities transfer tax, auditor’s fees, bank charges, trustee fees and levies in the overall costs, which will be levied against the fund. A schedule of fees and charges and maximum commissions is available from the manager, Sanlam Collective Investments(RF) Pty Ltd on request. 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 value of all assets in the portfolio including any income accrual and less any permissible deductions from the portfolio. Portfolio performance is calculated on a NAV to NAV basis and does not take any initial fees into account. An annualised growth rate is used for all performance data of 12 months or longer. Income is reinvested on the ex-dividend date. Total return performances are published. The source of performance data and risk statistics is Morningstar. Actual investment performance will differ based on the initial fees applicable, the actual investment date and the date of reinvestment of income. Forward pricing is used. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The manager has the right to close the portfolio to new investors in order to manager it more efficiently in accordance with its mandate. If the fund holds assets in foreign countries and could be exposed to the following risks regarding potential constraints on liquidity and the repatriation of funds, macroeconomic, political, foreign exchange, tax risks, settlement risks and potential limitations on the availability of market information. Derivatives are instruments generally used as an instrument to protect against risk (capital losses), but can also be used for speculative purposes. Examples are futures, options and swaps.