Sanlam Limited · JSE:SLM
Sanlam — Corporate Update (October 2022)
33 slides from Sanlam's corporate update, Oct 20, 2022
Slide 1: Sanlam Umbrella Fund Investment Feedback Session 20 October 2022
Guidelines for this Webinar Your cameras and microphones have been disabled for this webinar Sanlam Umbrella Fund: Please send through questions via the Q&A button on the toolbar Investment A recording of this session and the slide deck will be made available on the link below Feedback Session 20 Oc
Slide 2: Agenda
AGENDA Recent updates from Economic Overview Sanlam Umbrella Fund Anna Siwiak / Product Head Panel Discussion Sanlam Umbrella Solutions Moderated by Darryl Moodley Our success is founded on Passion Update on the Performance on the Funds’ investment portfolios Innovation Transparency AGENDA Solly Tsi
Slide 3: Recent updates from Sanlam Umbrella Fund
Anna Siwiak Product Head: Sanlam Umbrella Solutions Recent updates from Sanlam Umbrella Fund
Slide 4: Changes to Investment Offering
Changes to Investment Offering
Slide 5: Trustee-Approved Default Investment Strategies
Trustee-Approved Default Investment Strategies a. The Fund now has 2 types of trustee- Lifestage Strategy Protection Strategy approved default investment strategies, namely the Lifestage and Protection Strategies. b. Glidepaths for the preservation phase of the Sanlam Lifestage have been removed. Th
Slide 6: Special Arrangements within the Comprehensive Option
Special Arrangements within the Comprehensive Option a. Tailored Default Investment b. The minimum criteria for Strategy is no longer available Comprehensive Plus to new business. arrangements and Investment Exceptions has been revised.
Slide 7: Meet Our Panel
Darryl Moodley Head: Tailored Investments Sanlam Corporate Investments Mokgatla Madisha Head of Fixed Interest Sanlam Investments Meet Kingsley Williams Our Panel Chief Investment Officer Satrix
Slide 8: Asset Class Performance
ASSET CLASS PERFORMANCE AS AT 30 SEPTEMBER 2022, ALL RETURNS ARE IN ZAR
Slide 9: Global Inflation and Policy Rates
GLOBAL INFLATION AND POLICY RATES Selected countries' inflation rate (y/y %) – Aug 2022 Select country current central bank rates UK 9.9 Brazil 13.75 Sweden 9.8 Colombia 9 Euro Area 9.1 Denmark 8.9 Mexico 8.5 Mexico 8.7 Czech R 7 Brazil 8.7 Peru 6.75 US 8.3 Thailand 7.9 SA 5.5 Germany 7.9 India 5.4
Slide 10: The Woes of Eskom
THE WOES OF ESKOM Progression of loadshedding Energy availability factor SOURCE: COUNCIL FOR SCIENTIFIC AND INDUSTRIAL RESEARCH, ESKOM, CORONATION
Slide 11: Bond Market Bomb
“BOND MARKET MAYHEM SET OFF A PENSION TIME BOMB” - FINANCIAL TIMES (12 OCT 2022) 11
Slide 12: Growth of R100 Over Almost 2 Decades
1000 1500 2000 2500 3000 500 0 Apr-02 Oct-02 Apr-03 Oct-03 Apr-04 Oct-04 Apr-05 Oct-05 Apr-06 Oct-06 Apr-07 Oct-07 Apr-08 Oct-08 Apr-09 Oct-09 Apr-10 Oct-10 Apr-11 Oct-11 Apr-12 FROM APRIL 2004 TO 30 SEPTEMBER 2022, INFLATION IS LAGGED BY ONE MONTH Oct-12 Apr-13 Oct-13 Apr-14 Oct-14 Apr-15 Oct-15 Ap
Slide 13: Performance
Danie van Zyl Head: Guaranteed Investments Sanlam Corporate Investments Solly Tsie Principal Investment Consultant Simeka Performance
Slide 14: Fund Default Strategies
Fund Default Strategies
Slide 15: Trustee Approved Defaults: One of Two Strategies
TRUSTEE APPROVED One of Two Strategies DEFAULTS LIFESTAGE PROTECTION Sanlam Sanlam Sanlam Passive Wealth Volatility Stable Sanlam Blue Lifestage Lifestage Creation Protection Secure Stable Lifestage Strategy Strategy Lifestage Strategy Strategy Strategy Strategy Strategy
Slide 16: Lifestage Strategy
LIFESTAGE STRATEGY Accumulation phase Preservation phase Assets split between 100% accumulation phase portfolio to Capital 100% Accumulation Phase Portfolio and appropriate preservation Protection portfolio Portfolio 50 monthly switches 6 yrs. 2 yrs. 0 40 years to retirement Sanlam Sanlam Sanlam San
Slide 17: Lifestage Strategies Performance
LIFESTAGE STRATEGIES Accumulation Phase 3 months 6 months 1 year 3 years 5 years 10 years Sanlam Accumulation Portfolio -0.5% -7.6% 0.2% 7.2% 5.8% n/a Benchmark -0.6% -7.9% -0.5% 6.7% 5.5% n/a Sanlam Passive Accumulation Portfolio -0.7% -7.9% -0.2% 7.7% 6.1% 9.5% Benchmark -0.8% -7.9% -0.5% 6.8% 5.6
Slide 18: Performance Relative to Umbrella Peers
PERFORMANCE RELATIVE TO UMBRELLA PEERS 1 year 3 years 5 years OMMM Inf. plus 5-7% 2.2% OMMM Inf. plus 5-7% 10.5% AF Performer 7.6% Sanlam Wealth Creation Sanlam Wealth Creation AF Performer 1.6% 9.4% 7.4% Accumulation Accumulation Sygnia Signature 70 1.6% AF Performer 9.3% Sygnia Signature 70 7.4% S
Slide 19: Member Choice Portfolios
Member Choice Portfolios
Slide 20: Member Investment Choice
MEMBER INVESTMENT CHOICE Moderate Aggressive Moderate Sanlam Accumulation Portfolio SMM 70 SMM Select Balanced Fund SIM Balanced Fund Conservative SIM Temperance Balanced Fund SMM NUR Balanced potential return (%) SATRIX Enhanced Balanced Tracker Sanlam The Most Aggressive Portfolio SMM Moderate Abs
Slide 21: Moderate Aggressive Portfolios
MODERATE AGGRESSIVE PORTFOLIOS 1 years 3 years 5 years Truffle Balanced Fund 8.1% Truffle Balanced Fund 13.7% Truffle Balanced Fund 10.6% Allan Gray Global Balanced 6.8% PSG Balanced Fund 12.0% SMM NUR Balanced Fund 7.7% PSG Balanced Fund 6.1% SMM Select Balanced Fund 10.1% Camissa Balanced Fund 7.5
Slide 22: Moderate and Conservative Portfolios
MODERATE AND CONSERVATIVE PORTFOLIOS 1 years 3 years 5 years SIM Cash 5.1% SMM Moderate SMM Moderate Absolute 9.7% 11.0% Absolute Fund Fund SMM Moderate Absolute 5.1% SMM 30 7.3% Fund SMM 50 7.7% SMM 30 3.1% SMM 50 6.7% SMM 30 7.4% SIM Moderate Absolute 1.8% SIM Cash 6.6% Fund SIM Moderate Absolute
Slide 23: Protection Strategies
Protection Strategies
Slide 24: Protection Strategies
PROTECTION STRATEGIES Sanlam Sanlam Volatility Secure Stable Protection Strategy Strategy Strategy 75% Sanlam Monthly Bonus 100% Sanlam Stable Bonus Fund & 100% Monthly Bonus Fund Portfolio 25% Satrix Enhanced Balanced Tracker Fund
Slide 25: Protection Strategies Performance
PROTECTION STRATEGIES 10.3% 12.5% 9.6% 9.5% 7.3% 7.3% 7.3% 7.2% 7.0% 6.9% 6.9% 6.7% 6.6% 6.0% 5.6% 5.4% 5.4% 7.5% 5.3% 5.3% 5.1% 4.9% 2.5% 1.3% 1.3% 1.2% 0.9% 2.5% -2.5% 3 months 1 year 3 years 5 years 10 years Volatility Protection Strategy Volatility Protection Benchmark Sanlam Secure Strategy San
Slide 26: Preservation Phase
PRESERVATION PHASE
Slide 27: Sanlam Capital Protection Portfolio
Sanlam Capital Protection Portfolio Accumulation phase Preservation phase Assets split Trustee approved between 100% accumulation default accumulation portfolio and Sanlam Stable Bonus Portfolio phase Preservation portfolio 50 monthly switches 40 6 2 0 Years to retirement
Slide 28: Why?
Underlying portfolio in the Capital Protection Portfolio - Sanlam Stable Bonus Portfolio. This portfolio protects the invested capital by guaranteeing the net contributions invested. The Stable Bonus Portfolio provides investors with exposure financial markets and equities, but also protects against
Slide 29: Performance
PERFORMANCE Gross bonuses to 30 September 2022 (annualised) 12% 10.3% 9% Stable Bonus 7.3% 7.3% 7.2% Portfolio 6.9% 6% 5.1% 4.9% 5.3% Inflation 3% 0% 1 year 3 years 5 years 10 years REAL RETURNS 1 year 3 years 5 years 10 years Stable Bonus Portfolio 0.0% 1.8% 2.3% 5.0% GROSS BONUSES NET OF GUARANTEE
Slide 30: Net Cumulative Bonuses Since January 2017
0.9 1.0 1.1 1.2 1.3 1.4 1.5 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Sanlam Capital Protection Portfolio Jul-18 JANUARY 2017 Sep-18 Nov-18 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 OM Absolute Stable Growth 2007 series Sep-20 Nov-20 Jan-21 Mar-21 NET
Slide 31: Why Is Smoothing Beneficial for Retirees?
WHY IS SMOOTHING BENEFICIAL FOR RETIREES? Solly Solly retires end of March 2019 Sanlam Stable Bonus Portfolio Average Balanced Fund (Global LMW median) Danie Danie retires end of March 2020
Slide 32: Thank you
thank you®
Slide 33: Live with confidence
© Sanlam Live with confidence