March 2025 Unit Trusts in Uganda Update – Sanlam Dollar Fund Performance and Strategy

The Sanlam Dollar Fund remained a reliable pick for Ugandans holding or earning in USD in March 2025. With a 5.8% annualized yield, the fund stayed focused on capital preservation while providing consistent dollar-based returns — especially valuable for those protecting themselves against local currency depreciation.

Fund Overview

This conservative unit trust is USD-denominated and designed to offer income, capital safety, and liquidity. Investors benefit from access to foreign currency instruments without the complexity of managing them directly.

Key facts for March 2025:

• Annualized Return: 5.8%

• Minimum Investment: USD 1,000

• Fund Size (AUM): USD 2.9 million

• Risk Profile: Conservative

• Income Distribution: Monthly (compounded)

• Valuation Days: Daily (excluding weekends & public holidays)

• Transaction Cut-Off: 10:00 AM

• Management Fee: 1.5%

• Benchmark: 3-Month SOFRA

• Inception: October 2024

• Fund Manager: Sanlam Investments East Africa

What the Fund Invests In

The fund focuses on low-risk, USD-denominated instruments:

For March, the portfolio leaned heavily on Eurobonds and USD deposits to maintain both yield and liquidity.

March 2025 Market Commentary

Inflation

US inflation remained at 3.0%, holding steady for the second month in a row. Forecasts for the rest of 2025 have been revised slightly higher to 2.7%.

Currency

The Dollar Index (DXY) declined from 107.61 to 104.21, reflecting lower demand for USD as global investors began anticipating future rate cuts and a possible slowdown in the US economy.

Interest Rates

Most US dollar interest rates fell slightly in March. The Federal Reserve held its benchmark rate at 4.25% – 4.50%, though markets continue to price in expected rate cuts by mid-2025.

Fund Strategy

The Sanlam Dollar Fund maintained exposure to Eurobonds and deposits, prioritizing capital preservation and steady income. With growing uncertainty about future rates and macro risks, the fund opted for conservative positioning.

Why This Fund Matters for Ugandan Investors

The Sanlam Dollar Fund is ideal for:

• Ugandans with USD savings or earnings

• Parents planning for foreign tuition

• Diaspora remittances and returnees

• Exporters, freelancers, and consultants earning in hard currency

Key benefits:

• USD-based monthly income

• Capital safety in a volatile macro climate

• Access to global markets via professionally managed fund

• Flexible top-ups and withdrawals

How to Invest in the Sanlam Dollar Fund via Level Africa

Start earning in USD through Level Africa by following these steps:

1. Create an account at Level Africa

2. Upload your National ID or Passport

3. Visit the Unit Trusts section

4. Choose “Sanlam Dollar Fund”

5. Deposit USD into your Level wallet

6. Place your investment order

7. Track your earnings and portfolio via the dashboard

Final Thoughts

With a 5.8% yield in March 2025, the Sanlam Dollar Fund delivered consistent USD income while staying cautious amid global uncertainty. For Ugandan investors seeking low-risk, dollar-denominated returns, this fund continues to prove its value.

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Frequently Asked Questions

What is the Sanlam Dollar Fund?

A USD-based unit trust focused on capital preservation and monthly income from secure foreign currency investments.

What was the return in March 2025?

The fund earned a 5.8% effective annual yield.

What’s the minimum investment?

USD 1,000.

Is this fund suitable for Ugandans in the diaspora?

Yes — it’s ideal for those remitting money or saving in USD, and also for locals earning in foreign currency.

Can I access my money easily?

Yes. The fund offers daily valuation and quick settlement timelines, typically within 2 working days.

How is it regulated?

The Sanlam Dollar Fund is regulated by the Capital Markets Authority of Uganda and managed by Sanlam Investments East Africa.