Fees (Incl Vat)

Sanlam Private Wealth Balanced Fund B2 Class 29 February 2020

Portfolio Objective and Strategy Portfolio Information

Actual Highest and lowest annual figures

Top Equity Holdings (%)

Annualised Performance Graphs since launch

Performance as at 29 February 2020 on a rolling monthly basis

Naspers 5.94%

BHP Group 3.90%

British American Tobacco 2.63%

Remgro 2.42%

Anglo 2.42%

Investec 2.42%

Standard Bank 2.38%

Richemont 2.37%

Prosus 2.20%

Mondi 2.11%

Glossary Terms

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Sanlam Private Wealth Balanced Fund B2 Class 29 February 2020

Portfolio Manager’s Comments

Interest Bearing Allocation (%) as at 29 February 2020

The fund delivered a return of 2.71% for the 12 months to the end

of February, 190 basis points ahead of the benchmark for the

period. When compared to competing high-equity multi-asset unit

trusts, the fund was positioned on the 36th percentile of the peer

group over the past 12 months.

The equity exposure in the fund was marginally increased to 63.9%

as we increased the local equity exposure. We added to local

banks as we regarded them as being cheap, and sold Mondi to

reduce cyclicality in the portfolio.

Since we hold the view that we are in an advanced stage of a

global equity bull market, the equity position is underweight relative

to the maximum allowable equity exposure of 75%.

We maintained the property holdings in the fund. The fixed interest

exposure remains conservatively positioned.

Portfolio Holdings

Asset Allocation (%) as at 29 February 2020

Equity Allocation (%) as at 29 February 2020

Regulation 28

0.6%

1.3%

2.4%

3.9%

6.9%

9.9%

30.9%

44.2%

0% 10% 20% 30% 40% 50%

International cash

SA Preference Shares

SA Equity-Property

SA Unit Trusts

SA Cash/Money Market

SA Interest Bearing

SA International Unit Trusts

SA Equity

0.0%

1.3%

1.5%

1.8%

4.5%

5.0%

8.1%

9.8%

17.1%

0.0% 5.0% 10.0% 15.0% 20.0%

Industrials

Preference Shares

Oil & Gas

Health Care

Consumer Services

Consumer Goods

Technology

Basic Materials

Financials

0.67

1.95

4.85

7.63

0 2 4 6 8 10 12 14 16

Glossary Terms

Sanlam Private Wealth Balanced Fund B2 Class 29 February 2020

Sanlam Private Wealth Balanced B2 Class 29 February 2020

Mandatory Disclosure Fund Manager

Contact & Other Information