SanlamAllianz Unit Trusts provide investors in Uganda with access to professionally managed investment funds across different currencies and investment objectives.
Through Level Africa, investors can currently access:
- SanlamAllianz Income Fund
- SanlamAllianz Dollar Fund
The two funds serve different investment needs.
The Income Fund is a UGX-denominated option available from UGX 100,000, while the Dollar Fund provides USD-denominated exposure starting from USD 1,000.
This guide looks at the SanlamAllianz Unit Trust options available through Level Africa, their latest returns and what to consider before investing.
Sanlam Unit Trusts Available on Level Africa
| SanlamAllianz Fund | Latest Rate / Return | Currency | Minimum Investment | Potential Fit |
|---|---|---|---|---|
| SanlamAllianz Income Fund (SIF) | 12.06% Last 30-Day Average Rate | UGX | UGX 100,000 | Short- to medium-term |
| SanlamAllianz Dollar Fund | 5.31% Annual Return | USD | USD 1,000 | USD & longer-term investing |
Last updated: July 2026
These figures are presented according to the latest information available on Level Africa.
The two percentages shouldn’t be compared directly because the funds are denominated in different currencies and the performance figures are presented on different bases.
SanlamAllianz Income Fund
12.06% Last 30-Day Average Rate
The SanlamAllianz Income Fund is a UGX-denominated Unit Trust available through Level Africa.
Latest rate: 12.06%
Reporting basis: Last 30-day average rate
Minimum investment: UGX 100,000
Currency: UGX
Investment horizon: Short to medium term
The fund can be considered by investors looking for a professionally managed UGX investment.
Because the latest figure is presented as a last 30-day average rate, it should not automatically be treated as a permanently fixed annual interest rate.
Returns can change over time.
Who Might Consider the SanlamAllianz Income Fund?
The fund may be relevant to investors looking for:
A UGX Investment
Your investment is denominated in Uganda shillings.
A Relatively Accessible Starting Amount
The minimum investment available through Level Africa is UGX 100,000.
Short- to Medium-Term Investing
The fund is positioned on Level Africa for shorter- to medium-term investment objectives.
Professionally Managed Investments
Rather than selecting and managing individual securities yourself, your investment is managed through the Unit Trust structure.
SanlamAllianz Dollar Fund
5.31% Annual Return
The SanlamAllianz Dollar Fund provides a different proposition.
Latest annual return: 5.31%
Minimum investment: USD 1,000
Currency: USD
Investment horizon: Longer term
The most obvious difference is currency.
Instead of investing in Uganda shillings, the fund provides investors with a USD-denominated Unit Trust opportunity.
Who Might Consider the SanlamAllianz Dollar Fund?
The Dollar Fund may be relevant to investors who:
- Already hold US dollars
- Earn income in USD
- Want USD-denominated investments
- Have future expenses denominated in USD
- Want to diversify part of their investments by currency
- Are investing over a longer period
Currency should be considered as part of the investment decision rather than looking only at the percentage return.
Sanlam Income Fund vs Sanlam Dollar Fund
The two funds shouldn’t be compared simply by asking which one has the higher percentage.
| SanlamAllianz Income Fund | SanlamAllianz Dollar Fund | |
|---|---|---|
| Currency | UGX | USD |
| Latest Figure | 12.06% | 5.31% |
| Reporting Basis | Last 30-day average rate | Annual return |
| Minimum Investment | UGX 100,000 | USD 1,000 |
| Investment Horizon | Short to medium term | Longer term |
| Potential Fit | UGX investing | USD investing |
The appropriate choice depends substantially on which currency you want to invest in and what you’re investing for.
Is the Sanlam Unit Trust Interest Rate Fixed?
You shouldn’t assume so.
The 12.06% currently displayed for the SanlamAllianz Income Fund is a last 30-day average rate.
Unit Trust performance can change as the investments held by the fund and market conditions change.
Similarly, the Dollar Fund’s 5.31% annual return is a performance figure rather than a promise that every future investment period will produce exactly 5.31%.
This is why Level Africa’s Unit Trust Interest Rates in Uganda page should be used for the latest comparison rather than relying indefinitely on a rate found in an older article.
How Much Could You Earn With the SanlamAllianz Income Fund?
Suppose you invest:
UGX 10,000,000
For illustration, if your investment generated a 12% return over one year, that would represent approximately:
UGX 1,200,000
in investment growth.
Your resulting investment value would be approximately:
UGX 11,200,000
before applicable fees, taxes or other factors.
This is an illustration only.
It does not guarantee that the SanlamAllianz Income Fund will generate a 12% return over your investment period.
How Much Could You Earn With the SanlamAllianz Dollar Fund?
Suppose you invest:
USD 10,000
and the investment generates:
5.31% over one year.
That would represent approximately:
USD 531
in investment growth.
The resulting value would be approximately:
USD 10,531
before applicable fees, taxes or other factors.
Again, this is an illustration based on the current annual-return figure and isn’t a guarantee of future performance.
Is Sanlam the Best Unit Trust in Uganda?
There isn’t one fund manager or Unit Trust that is automatically best for every investor.
SanlamAllianz should be compared with other Unit Trust opportunities available through Level Africa, including funds from:
- Cornerstone
- Old Mutual
- ICEA
Compare the actual funds based on:
- Return
- Currency
- Investment strategy
- Risk
- Liquidity
- Minimum investment
- Investment period
rather than choosing solely by provider name.
For a wider comparison, see Best Unit Trusts in Uganda.
Sanlam vs Cornerstone Unit Trust
One difference visible from the Unit Trust opportunities currently available on Level Africa is that the funds serve somewhat different needs.
The Cornerstone Income Fund is a UGX income-focused investment and reported a 15.27% effective annual yield for July 2026. Its July fact sheet shows that approximately 92.92% of the portfolio was invested in bonds.
The SanlamAllianz Income Fund currently shows a 12.06% last 30-day average rate on Level Africa.
But these figures aren’t reported on exactly the same basis.
The comparison therefore shouldn’t stop at 15.27% versus 12.06%.
Investors should compare the underlying funds, liquidity, strategy, risk and applicable terms.
Sanlam vs Old Mutual Unit Trusts
Old Mutual currently has two Unit Trusts in our Level Africa comparison:
Old Mutual Umbrella Trust Fund — 12.98% July yield
Old Mutual Money Market Fund — 12.66% July yield
The July fact sheets describe the Money Market Fund as a shorter-term investment vehicle, while the Umbrella Trust Fund is positioned for medium- to long-term investing.
Again, the appropriate comparison isn’t simply Sanlam versus Old Mutual as companies.
It is which individual fund fits the investor’s objective.
Sanlam vs ICEA Unit Trust
ICEA’s Money Market Fund reported 12.1% one-month performance in its July 2026 fact sheet.
It has a UGX 100,000 minimum investment and UGX 100,000 minimum top-up.
This gives investors another UGX option to compare with the SanlamAllianz Income Fund.
The decision should consider the funds’ strategies and terms in addition to recent performance.
How to Invest in Sanlam Unit Trusts Through Level Africa
You can access available SanlamAllianz Unit Trust opportunities through Level Africa.
1. Create & Verify
Create your Level Africa account and complete the required verification.
2. Fund Wallet
Add funds to your Level wallet.
3. Choose Your Unit Trust
Review the SanlamAllianz Income Fund or Dollar Fund alongside the other Unit Trust opportunities available.
4. Invest & Track
Choose your investment amount, complete your investment and track it through Level Africa.
Explore SanlamAllianz Unit Trusts
Compare the SanlamAllianz Income Fund and Dollar Fund with other Unit Trust opportunities available through Level Africa.
Consider the latest return, currency, minimum investment, liquidity and investment objective before choosing.
Frequently Asked Questions About Sanlam Unit Trusts in Uganda
What is the Sanlam Unit Trust interest rate in Uganda?
The SanlamAllianz Income Fund is currently displayed on Level Africa with a 12.06% last 30-day average rate. The figure can change over time.
What is the minimum investment for the Sanlam Unit Trust?
The SanlamAllianz Income Fund available through Level Africa starts from UGX 100,000.
Does Sanlam have a dollar Unit Trust?
Yes. Level Africa provides access to the SanlamAllianz Dollar Fund, which is denominated in USD.
What is the SanlamAllianz Dollar Fund return?
The current rate is a 5.31% annual return.
How much do I need for the Sanlam Dollar Fund?
The minimum investment currently available through Level Africa is USD 1,000.
Which is better, the Sanlam Income Fund or Dollar Fund?
They serve different investment needs. The Income Fund is UGX-denominated and positioned for shorter- to medium-term investing, while the Dollar Fund is USD-denominated and positioned for longer-term investing.
Is the Sanlam Unit Trust rate guaranteed?
Unit Trust performance can change. A current or historical performance figure shouldn’t be treated as a guarantee of future returns.
Can I invest in Sanlam Unit Trusts online?
SanlamAllianz Unit Trust opportunities available through Level Africa can be accessed through Level Africa’s digital investment process, subject to the applicable onboarding requirements.
Is Sanlam the best Unit Trust in Uganda?
There isn’t one Unit Trust that is automatically best for everyone. Compare SanlamAllianz funds with other available funds based on return, risk, liquidity, currency, strategy and your investment objective.
Where can I compare Sanlam with other Unit Trusts?
See Level Africa’s Best Unit Trusts in Uganda and Unit Trust Interest Rates in Uganda resources for broader comparisons.