April 2025 Unit Trusts in Uganda Update – Sanlam Income Fund Performance and Strategy
The Sanlam Income Fund once again proved its reliability in April 2025 with a 13.19% annualized yield. For investors in Uganda who prioritize safety, liquidity, and monthly cash flow, this fund remains a go-to option.
Fund Overview
This conservative unit trust is structured to deliver stable monthly income by investing in interest-bearing instruments. It targets Ugandans who want to grow their savings without risking their capital.
Key facts for April 2025:
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Annualized Return: 13.19%
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Minimum Investment: UGX 100,000
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Fund Size (AUM): UGX 23.8 billion
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Risk Profile: Conservative
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Income Distribution: Monthly
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Liquidity: T+2 (access funds within 2 working days)
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Benchmark: 91-day Treasury Bill
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Management Fee: 2%
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Launch Date: May 2009
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Fund Manager: Sanlam Investments East Africa
Fund Performance
| Period | Return (%) | Benchmark (%) |
|---|---|---|
| April 2025 (Annualized) | 13.19 | 11.31 |
The fund continues to outperform the 91-day Treasury Bill, which is its benchmark, by a healthy margin — offering more return for lower volatility.
What the Fund Invests In
The Sanlam Income Fund maintains a diversified mix of low-risk, income-generating securities such as:
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Treasury bills
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Treasury bonds
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Fixed deposits
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Commercial paper
In April, the fund emphasized short- to medium-term government securities to balance yield and liquidity while minimizing interest rate exposure.
April 2025 Market Commentary
Inflation
Uganda’s headline inflation increased slightly to 3.9%, mainly due to rising energy and healthcare service costs. However, core inflation stayed within the central bank’s comfort zone.
Currency
The Uganda shilling appreciated by 1%, ending the month at UGX 3,594.41/USD. Remittance inflows and reduced import demand supported its strength.
Interest Rates
The 91-day Treasury bill yield dropped to 11.31%, while long-term government bond yields also declined as institutional investors rebalanced portfolios ahead of the new fiscal year.
Fund Strategy
The fund took advantage of available yields by rotating into higher-quality commercial paper and short-term treasury instruments, locking in income while managing risk.
Why This Fund Matters for Ugandan Investors
The Sanlam Income Fund suits investors who want:
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Reliable monthly income
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Low risk and capital preservation
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Alternatives to low-yield savings accounts
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Liquidity without sacrificing performance
This fund is ideal for:
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Retirees and pensioners
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Professionals saving for near-term goals
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Institutions and SACCOs seeking safe but profitable instruments
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First-time investors looking for a place to start
How to Invest in the Sanlam Income Fund via Level Africa
Getting started is easy with Level Africa:
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Create an account at Level Africa
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Upload your National ID or Passport
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Go to the Unit Trusts section
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Select “Sanlam Income Fund”
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Deposit your money via mobile money, card, or bank
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Place your investment order
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Track your returns and monthly income directly from your dashboard
Final Thoughts
In April 2025, the Sanlam Income Fund’s 13.19% yield beat the market average again — offering Ugandans a reliable, low-risk way to earn more from their savings. If you’re looking for monthly income, capital protection, and expert management, this fund delivers on all fronts.
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Frequently Asked Questions
What is the Sanlam Income Fund?
It’s a conservative fixed-income unit trust that pays monthly income and aims to preserve capital.
What was the return in April 2025?
The fund posted a 13.19% annualized return — outperforming the 91-day Treasury Bill.
How much do I need to invest?
Minimum investment is UGX 100,000.
Can I access my money quickly?
Yes, the fund offers T+2 liquidity — your money is available within two working days.
Who is this fund suitable for?
Professionals, retirees, institutions, and anyone seeking reliable, low-risk monthly returns.
Is it regulated?
Yes. The fund is managed by Sanlam Investments East Africa and regulated by the Capital Markets Authority of Uganda.