APRIL 2020

VAM BALANCED FUND (USD)

FUND DETAILS
A CLASS
Inception Date
Fund: 30th November 2012
Strategy: 28th February 2014
Lipper Leaders Rating Morningstar RatingTM ISIN: LU0840938665
Overall
Sedol Code: B8DM8C6
OBJECTIVE
Bloomberg Ticker: VAMMFUA LX
The objective of the Fund is to provide long-term capital appreciation through
AUM
capital growth with some income. The Fund will, directly or indirectly, gain exposure to Fund: $112.20 Million
equities and similar securities, fixed income instruments (including convertible Strategy: £585.26 Million
instruments) and/or money market instruments.
Currency
 GBP (Base)
 USD, EUR, SGD, AUD (Hedged)

KEY FEATURES Investment Style

Global multi-asset
 Opportunity to de-risk through outsourced investment solutions
 Direct investment approach adds value through active asset allocation and stock Dealing Day
selection decisions Daily (www.vam-funds.com)
 Actively managed under a discretionary fund management agreement by Sanlam’s Cut-off time
award-winning investment team 4.00p.m. CET on business day prior
to valuation
Domicile: Luxembourg
CUMULATIVE PERFORMANCE Management Company
VAM Global Management Company
4 Years
SA
30/04/2016 to 30/04/2020 Investment Manager
VAM Balanced A USD: 24.87%
Sanlam Private Wealth
Sanlam Portfolio Manager
Appointed
45.00 Philip Smeaton
40.00
35.00 Minimum Direct Investment
30.00 A shares (retail)
25.00
$10,000 initial and $1,000 additions
20.00
15.00 Investment Management Fee
10.00
1.75% per annum (for share class A)
5.00
0.00
Performance Fee: None
-5.00
Entry Charge: Maximum 5%

RISK AND REWARD PROFILE

Lower risk Higher risk

Potentially lower reward Potentially higher reward

1 2 3 4 5 6 7

The actual launch date of the Fund is 30th November 2012. As from 22nd July 2015, Close Brothers Asset Management took over the
management of the Fund. On 23rd April 2019, Sanlam Private Wealth undertook the management of the Fund.
VAM BALANCED FUND (USD) A CLASS APRIL 2020

PERFORMANCE (%)

Cumulative Annualised Volatility Sharpe

Max
Drawdown
1 month 3 month YTD 12 month 3 Year 5 Year 3 Year 3 Year 3 Year

VAM Balanced A USD 7.66 -6.55 -5.44 0.59 9.71 13.83 3.13 2.96 0.03 -13.20

MONTHLY PERFORMANCE (%)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total

2020 1.19 -3.99 -9.60 7.66 - - - - - - - - -5.44

2019 3.62 1.21 1.46 2.61 -1.80 4.00 2.47 -0.46 0.32 -1.54 1.67 1.69 16.13

2018 0.05 -0.91 -2.83 3.48 2.36 -0.26 1.55 0.54 -0.61 -4.57 0.05 -4.12 -5.45

2017 0.50 2.08 0.80 -0.10 2.52 -1.07 0.84 1.31 -0.87 2.14 -0.74 1.47 9.17

2016 -4.81 0.05 1.79 -0.46 0.93 1.54 4.14 0.99 0.37 1.49 -1.60 1.96 6.31

2015 0.29 3.76 -0.36 1.64 0.30 -1.29 -0.97 -4.68 -2.68 3.80 1.02 -0.97 -0.46

TOP 10 HOLDINGS ASSET CLASS ALLOCATION

Fund Gilts, 13.86%

UK TSY I/L GILT 0.75% 22/03/2034 13.86% Corporate Bonds, 8.30%
Royal Mint Physical Gold Etc S 3.14%
High Yield Bonds, 8.54%
Booking Holdings Inc 2.99%
Global Equity, 36.97%
Exxon Mobil Corp 2.67%
Accenture Plc 2.62% UK Equity, 16.61%

Diageo Plc 2.61% Listed Property, 2.82%

Microsoft Corp 2.57%
Listed Infrastructure, 7.50%
Relx Plc 2.56%
Gold, 3.14%
Unilever Plc 2.49%
Yum! Brands Inc 2.43% Cash, 2.26%

The actual launch date of the Fund is 30th November 2012. As from 22nd July 2015, Close Brothers Asset Management took over the
management of the Fund. On 23rd April 2019, Sanlam Private Wealth undertook the management of the Fund.
VAM BALANCED FUND (USD) A CLASS APRIL 2020

Date of issue: 15/05/2020

VAM Balanced Fund is a compartment of VAM Managed Funds (Lux).
Annualised return is the weighted average compound growth rate over the performance period measured. Actual annual figures are
available to investors on request.
Sources: Sanlam Private Wealth and Lipper IM.
Sanlam Private Wealth is a trading name of Sanlam Private Investments (UK) Ltd. Performance does not include the impact of any
subscription fees, if applicable. The performance data shown above represents past performance and does not guarantee future results.
Current performance may be lower or higher than the performance data quoted. All rates of return include reinvested dividends and are
net of management fees. Fund holding information upon which the percentage allocation information is calculated was provided by
Sanlam Private Wealth and is presented on a trade date basis of 30/04/2020. Sanlam Private Wealth is not the Depositary Bank or
Administrative Agent of the Fund and the information has not been reconciled to the Depositary Bank’s portfolio statements. Pricing of
securities varies depending on pricing sources and methodology.

© 2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content
providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its
content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of
future results.

Disclaimer
This document is intended for use by professional financial advisers only. The distribution of VAM Funds and the offering of the shares
may be restricted in certain jurisdictions. Private investors should contact their financial adviser for more details on any of the products
featured. It is the responsibility of any person in possession of this document to inform themselves of, and to observe, all applicable laws
and regulations of any relevant jurisdictions. Prospective applicants for shares should inform themselves as to the legal requirements and
consequences of applying for, holding and disposing of shares and any applicable exchange control regulations and taxes in the countries
of their respective citizenship, residence or domicile. Click for Important Information

For more information, free of charge, please contact us at marketing@vam-funds.com or on +230 465 6860, or please visit our website
www.vam-funds.com