Sanlam Global Investment Plan

Sanlam is a leading financial services group, originally established as a life insurance company in 1918. It was

demutualized and listed on the Johannesburg Stock Exchange in 1998. Headquartered in Cape Town, South Africa, it

has offices throughout South Africa and business interests elsewhere in Africa, Europe, India, USA and Australia

employing more than 17,000 staff.

Sanlam provides financial solutions to individual and institutional clients. These solutions include investments, asset

management, stockbroking, capital market activities and traditional life and general insurance. These solutions are

provided to various segments of the markets and offer the solutions from a number of mutually dependent business

entities in the Group.

From a life insurance company established in 1918, Sanlam has, in short, grown into a diversified one-stop financial

services group, offering clients a journey for life for their financial needs.

Sanlam Main Office Cape Town - South Africa

Over US$ 90 billion in AUM

AA- (zaf) Rated by Fitch

Market cap of over US$ 8 billion

It’s not a word you’ll find in any dictionary; it’s a simple description of what we do and what we believe in.

It’s an attitude. An ethos.

An understanding that nothing worthwhile can ever be hurried.

It’s a promise that we’ll never be afraid of good old fashioned hard work; that there are no short cuts that don’t cut you short and that when there is work to be done it’s

worth doing very, very well.

And whilst we want to do well we also want to do good, because how much money we make will never be the sole measure of our success.

It’s diligently focusing on our own trade, which is turning clients’ money into meaning.

Whether it’s a lot or very little; to make it work and make it work hard so that it can be transformed into something more.

And we do it with great pride.

This is what makes us

Our work is never done.

Sanlam GlobalInvestment Plan

to help investors

get the most from

their investments by giving them

choice An offshore investment plan that provides investors with

an opportunity to invest their capital in a wide array

investment options, including:

• Active and passive funds from some of the world’s leading asset managers

• Model Portfolio Service

• Sanlam Managed Risk (SMR) strategy

Investing offshore through a trust structure established

in Bermuda provides stability and the opportunity to

build and grow a nest egg for future generations or for

investors should they need it.

There are of course risks to investing in the global

markets, but this plan offers multiple investments options

including a solution designed to help manage that risk.

benefits ofoffshoreinvesting

investing away from your

own country of residence

can have significant benefits,

with many people

choosing Bermuda

Estate planning It is important to know that future generations will be

provided for with the wealth you have accumulated.

Offshore investing via a trust structure allows the

beneficiaries designated by you to receive your assets

without going through a possibly lengthy and expensive

probate.

Stability

It is important to know that investments

in the Plan are held in sub-trusts

governed by the laws of Bermuda, a

politically stable jurisdiction recognized

as a premier blue-chip international

business center.

The Bermudian trust and financial

services industry goes back almost one

hundred years. Their deep and wide

experience helps investors from around

the world.

The business environment is particularly

well-attuned to the finance sector as a

result of the island’s long-term policy of

promoting itself as an international

financial centre, accompanied by a

well-developed regulatory structure,

including the Bermuda Monetary

Authority (the regulator of Bermuda's

financial services sector).

Bermuda has followed Western European

standards In terms of its business and

communications infrastructure.

The financial security and political and

economic stability of Bermuda, allows

investors the opportunity to diversify the

location of their assets in times of

economic and geopolitical risk.

Trust participation Investments are held by a sub-trust formed in Bermuda

on behalf of each investor, which ensures that all

investments will be safeguarded and governed by

applicable Bermuda law.

Each sub-trust is a separate legal entity, and as such, its

assets are effectively insulated from the general

creditors of the trustee or other sub-trusts.

Beneficial transfer of assetsAs investments are held by a trust through a trustee,

confidentiality is protected, while the power to designate

a beneficiary remains in the hands of the plan holder.

Asset protectionAssets in the plan are linked to a segregated account. The

ability to maintain assets in a segregated account can be

a very valuable tool as it insulates the assets from

creditors of the company and other segregated accounts.

Alternative investment currenciesProvides investment in multiple alternative currencies –

US$, GBP & Euros – away from a client’s country of

origin.

Diversify the location of assets

Allows investment in Bermuda; away from the country of

origin in case of potential economic and geopolitical

concerns.

Intergenerational Wealth Transfer

benefits of the Sanlam GlobalInvestment Plan

In addition to the benefits of offshore investing through a Bermuda trust,

the Plan also provides some exceptional features

The Plan provides a wide array of investment options to enable clients

to diversify their investments with active or passive funds from some of

the world’s leading asset managers, or the choice of three Model

Portfolios utilizing the aforementioned funds. In addition to these other

world class asset managers, Sanlam Managed Risk (SMR) is a solution

designed to help manage that risk of investing in the global markets.

The plan provides a simple solution that allows for the transfer of your

investment between generations, safeguarding your wealth.

Upon the death of the last surviving plan holder, if any of the plan’s value is

invested in the Sanlam Smooth Portfolios, an Intergenerational Wealth Transfer

will be transferable. The amount transferable will equal the greater of:

The initial investment in the Sanlam Smooth Portfolios will be subject to a

maximum of $1 million and all plan holders must be 70 years of age or under on

the date of such investment. Any applicable redemption fees are waived on

withdrawals due to the death of the last surviving plan holder.

the amount initially invested in the Sanlam Smooth Portfolios (reduced

proportionally by switches or withdrawals, including any redemption fees), or

the value of the Sanlam Smooth Portfolios investment option at that time.

HSBC is one of the world’s largest banking and financial

services organizations with around 48 million customers. It

has over 100 years of global custody experience.

Estera Services (Bermuda) Limited, (formerly a member of

Appleby Fiduciary Group) is one of the largest providers of

corporate fiduciary services in Bermuda.

Multiple Investment Options

World Class Service ProvidersThe custodian of the assets in each sub-trust is HSBC Bank

Bermuda Limited and the trustee is Estera Services (Bermuda)

Limited.

StabilityThe Plan is made available by Sanlam Global Investment

Solutions, Ltd., a member of Sanlam Group, and the services

of world class companies are included in the Bermuda trust

structure.

Sanlam is a leading financial services group with a market

cap of over US$ 11 billion, over US$ 50 billion in AUM and a

AA- Fitch rating. For nearly 100 years Sanlam has provided

financial solutions to individual and institutional clients

across the globe. Since it was established in 1918, Sanlam

has grown into a diversified financial services group,

offering clients a journey for life for their financial needs.

Investment Options

The Sanlam Global

Investment Plan offers a wide

array of investment options,

including active and passive funds

from the world’s leading

asset managers, a

Model Portfolio Service and the

Sanlam Managed Risk (SMR)

strategy

A range of funds from world class asset managers. The funds provide a cost-effective,

transparent solution as they are “clean share class” funds (i.e., no trail), typically

resulting in a lower annual management charge (AMC) than other share classes.

Some of the managers whose funds are available include:

Third Party Funds

These funds offer access to a variety of asset types across different sectors and

geographical areas. These include:

For the latest line-up of funds, please see the Fund List included in this brochure. For detailed fund information and AMCs, please refer to each fund's fact sheet and prospectus (ask your Financial Advisor for details).

Asset Allocation Funds

Fixed Income / Liquidity

Commodities

Sector

Real Estate

North America Equity

Global Equity

European Equity

Asian Markets Equity

Emerging Markets Equity

AB

Aberdeen

BlackRock

Fidelity

Franklin Templeton

Invesco

Investec

Janus

JP Morgan

Legg Mason

MFS

New Capital

PIMCO

Pioneer Investments

Schroder

Vanguard

Investment Options

The Sanlam Global

Investment Plan offers a wide

array of investment options,

including active and passive funds

from the world’s leading

asset managers, a

Model Portfolio Service and the

Sanlam Managed Risk (SMR)

strategy

5%5%40%

50%

5%5%

90%

5%

70%

25%MPS - Conservative Portfolio

MPS - Growth Portfolio

MPS - Balanced Portfolio

The world of investments can be difficult to navigate, with thousands of funds to choose from.

Our Model Portfolio Service provides a simple choice of three risk-profiled model portfolios.

Each portfolio invests in a range of asset classes to help provide diversification. The portfolios

are constructed using strategic asset allocation, the benefits of which are:

The portfolios are constructed using passive and active funds from world class asset

managers.

Allocations are indicative and can be subject to change.

Systematic process using a mathematical optimization algorithm to set allocationsConcept is similar to a "buy and hold" strategy, rather than an active trading approachSimple quarterly rebalancing

Model Portfolio Service

Suitable for investors looking for ‘conservative’ growth.

Suitable for investors looking for growth.

Suitable for investors looking for ‘moderate’ growth.

Fixed Income

Equity

Commodities

Property

Investment Options

SMR Fund

SMR

The Fund provides access to global markets in the simple and cost

effective UCITS IV fund structure with SMR built in.

The objective of the Fund is to provide long term capital growth through

exposure to global markets. The fund also utilizes a risk management

strategy designed to reduce volatility and minimize losses in declining

markets.

SMR FundThe Fund invests in equities of global markets including: the United

States, Canada, United Kingdom, Austria, Belgium, Denmark, Finland,

France, Germany, Greece, Ireland, Italy, the Netherlands, Norway,

Portugal, Spain, Sweden, Switzerland, Japan and the Pacific ex. Japan

region.

Currencies: USD, GBP

SMR is an investment strategy designed to reduce volatility and the impact of significant and sustained market declines. It also allows dynamic participation in rising markets giving investors the confidence to stay invested for the long-term.

There are 3 investment options:

For more detailed information on these investment options,please contact your financial advisor

The Sanlam Global

Investment Plan offers a wide

array of investment options,

including active and passive funds

from the world’s leading

asset managers, a

Model Portfolio Service and the

Sanlam Managed Risk (SMR)

strategy

SMRSMR

SMR Select allows you to choose from a wide

array of funds from some of the world’s leading

asset managers to provide equity exposure with

an SMR overlay.

Clean share class funds

Funds in the SMR Select option are “clean share

class” funds (i.e., no trail fee), typically resulting in

a lower annual management charge (AMC) than

other share classes.

Leading asset managers

Some of the managers available in the SMR Select

line-up:

AB

Aberdeen

BlackRock

Fidelity

Franklin Templeton

Invesco

Investec

Janus

JP Morgan

MFS

Pioneer Investments

Sanlam

Schroder

Vanguard

SMR Select

The primary risk management strategy for the Smooth Portfolios analyzes the overall Portfolio and makes

asset allocation modifications based on a long-term, option based capital protection model. The capital

protection model dictates when the Smooth Portfolios move more into defensive or growth assets.

The Smooth Portfolio - Preserver will generally move into defensive assets faster and stay in for longer than

the Accumulator Portfolio due to the defensive nature of the Portfolio.

Asset allocations above are illustrative and represent the average over the long-term. The Smooth Portfolios will be rebalanced on a quarterly basis and allocations may change.

The Sanlam Smooth Portfolios provide investors with global market exposure through 2 risk profiles:

25.4%20.3%

2.5%2.5%

17.0%32.2%

34.7%27.7%3.5%3.5%

23.1%7.6%

EquityFixed IncomeCommodities

PropertyMulti-asset

Short Duration Fixed Income

Smooth Portfolios

Suitable for investors looking for “conservative” growth but are concerned with capital preservation

Suitable for investors looking for more “moderate” growth but want a level of capital preservation

Preserver Accumulator

The Smooth Portfolios are constructed by combining growth assets (a mix of the SMR Fund and the underlying funds of the MPS Balanced Portfolio) and a defensive asset (a short duration fixed income fund). A risk management strategy is applied to decide the allocation between the two types of assets.

Plan informationPlan provider: Plan structure:

Ownership:

Withdrawals:

Switches betweenunderlying funds:

Minimum plan value:

Currencies:

Plan fees, investment minimums and charges:

Systematic Income available:

Beneficiary transfer of assets:

No initial sales charge:

Attractive liquidity:

Pricing:

Clean shareInstitutional priced funds:

Phasing-in of investments (DCA):

Intergenerational Wealth Transfer:

Sanlam Global Investment Solutions, Ltd.

Bermuda Trust Participation

Individuals, Companies, Trusts

Multiple withdrawals of a minimum 5,000 (USD/EUR/GBP). Regular withdrawals (monthly, quarterly, half-yearly or annually). Redemption fees may apply. Please speak to your Financial Advisor for details.

Minimum 1,000 USD/GBP/EUR. Four free switch forms per annum (each form allows multiple switches). Charges will apply should the number of switch forms exceed four per annum.

Minimum 40% of original investment amount must be retained in a Plan in order for the Plan to remain in effect.

USD, GBP, EUR

Details to be provided by your Financial Advisor

Monthly, quarterly, semi-annually, annually

Designation of beneficiaries

100% investment allocation

60% to 100% penalty free liquidity dependent on plan term

Daily NAV

Typically lower annual management charges (AMC) than other share classes

3, 6 or 12 months

• Allocation to Sanlam Smooth Portfolios required• Maximum investment amount: $1,000,000

• Maximum age of all plan holders at entry: 70• Contractually provided by Sanlam Global Investment Solutions

This brochure was developed to provide a brief description of the terms and features of the Sanlam Global Investment Plan and its underlying investments. For more complete information, please read the Plan Terms and Conditions and fund prospectuses carefully before investing. Please ask your Financial Advisor for a copy of these materials.

Past performance is not a guide to future performance. Investments made through the Sanlam Global Investment Plan can go down as well as up, as a result of changes in the value of the underlying investments and currency fluctuations. Investment in any of the funds involves risks which are described in the respective prospectus. Please review the current prospectus for each fund as well as complete information on the Sanlam Global Investment Plan before investing. Please ask your financial advisor for a copy of these materials. Investors must make their own independent decisions regarding any strategies or securities or financial instruments mentioned herein.

Investments with and without Sanlam Managed Risk are subject to market risks. Investments can go down as well as up as a result of changes in the value of the investments. There is no assurance or guarantee of capital or performance. Investors may lose money, including possible loss of capital. Past performance is not a guide to future performance.

Each Sanlam Smooth Portfolio has a distinct investment risk profile. The Portfolios are reviewed on a regular basis and each is subject to rebalancing as determined by the portfolio manager. Neither Sanlam Global Investment Solutions, Ltd. nor the portfolio manager make any representations that the portfolios or services referenced herein are suitable or appropriate for every investor. The value of investments can go down as well as up and may also be affected by exchange rate variations. There is no guarantee of future performance. Portfolios may drop more in value than intended.

Any discussion of risks contained herein with respect to any portfolio or service should not be considered to be a disclosure of all risks or a complete discussion of the risks involved. Investors must make their own independent decisions regarding any strategies or securities or financial instruments mentioned herein.

This brochure does not constitute an offer or solicitation to anyone in any jurisdiction in which an offer is not authorized or to any persons to whom it is unlawful to make such an offer or solicitation. The Sanlam Global Investment Plan is not available to citizens or residents of the United States or Bermuda. This material is not to be distributed to any person while such person is physically present in the United States.

The Sanlam Global Investment Plan has been deemed by the Bermuda Monetary Authority as a designated investment contract pursuant to 57A(2) of the Bermuda Insurance Act 1978.

© 2016 Sanlam Global Investment Solutions, Ltd. All Rights Reserved. Sanlam Global Investment Plan Brochure - 11/2016

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