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Changes to Sanlam funds

On 28 July 2015, the investment strategy for the Sanlam Managed Risk Global Share Fund – Class A and the Sanlam Managed Risk Multi-Index High Growth Fund – Class A (together the ‘funds’) have changed. The table below provides a summary of the changes:
 

  Current strategy New strategy

Sanlam Managed Risk Global Share Fund - Class A

To provide long-term capital growth through investment in international shares. The option aims to outperform the MSCI World (ex Australia) Index over rolling three year periods before fees and taxes. The fund is exposed to an equity index fund which aims to match the performance of the MSCI World (ex Australia) Index. The fund will also utilise exchange traded equity future contracts to implement the fund’s objective of reducing overall portfolio volatility and providing downside protection by hedging against market. Consequently, the fund may underperform in rising equity markets and may also limit losses in falling markets. The underlying equity index fund does not hedge currency risk.

The fund is exposed to an equity index fund which aims to match the performance of the MSCI World (ex Australia) Index. The fund will also utilise exchange traded equity future contracts to implement the fund’s objective of reducing overall portfolio volatility and providing downside protection by hedging against market risk. We may also hedge the currency exposure in relation to the downside protection.

Consequently, the fund may underperform in rising equity markets and may also limit losses in falling markets. The underlying equity index fund does not hedge currency risk.

Sanlam Managed Risk Multi-Index High Growth Fund - Class A

The fund is exposed to a diversified portfolio of shares, property and infrastructure to provide potential for capital growth. The fund will also utilise exchange traded futures contracts to implement the fund’s objective of reducing overall portfolio volatility and providing downside protection by hedging against the fund’s equity market risk (the property and infrastructure exposures will be excluded from this process). Consequently, the fund may underperform in rising equity markets and may also limit losses in falling markets. The fund aims to hedge currency risk in relation to the underlying fund except for the allocation to emerging market shares and part of the allocation to global shares

The fund is exposed to a diversified portfolio of shares, property and infrastructure to provide potential for capital growth. The fund will also utilise exchange traded futures contracts to implement the fund’s objective of reducing overall portfolio volatility and providing downside protection by hedging against the fund’s equity market risk (the property and infrastructure exposures will be excluded from this process). We may also hedge the currency exposure in relation to the downside protection.

Consequently, the fund may underperform in rising equity markets and may also limit losses in falling markets. The fund aims to hedge currency risk in relation to the underlying fund except for the allocation to emerging market shares and part of the allocation to global shares.

The fees, costs, indicative risk ratings and minimum suggested investment timeframe have not changed.

We recommend you speak to your financial adviser if you have any questions, or call us on 13 13 36.

Disclaimer
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of super, pension and investment products. This document may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. A PDS for Colonial First State’s products are available at colonialfirststate.com.au or by calling us on 13 13 36.