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

For Ugandan investors with dollar-based goals or income, the Sanlam Dollar Fund continues to offer a solid solution. In June 2025, the fund delivered an effective annual yield of 6.84%, providing both capital preservation and USD-denominated income. With global interest rates stabilizing and inflation remaining low, this fund remains a smart, conservative choice for anyone saving in dollars.

Fund Overview

The Sanlam Dollar Fund is a conservative unit trust designed for investors seeking stability, income, and value preservation in USD. It’s ideal for those planning for international tuition, imports, or simply looking to diversify out of the Ugandan shilling.

Key details for June 2025:

Effective Annual Yield: 6.84%
Minimum Investment: USD 1,000
Fund Size: USD 2.73 million
Risk Profile: Conservative
Income Distribution: Monthly (compounded)
Valuation Days: Daily (excluding weekends and public holidays)
Transaction Cut-Off Time: 10:00 AM
Benchmark: 3-Month SOFRA
Management Fee: 1.5%
Fund Launch Date: October 2024

What the Fund Invests In

The Sanlam Dollar Fund allocates its capital across high-quality USD fixed-income assets:

Asset Type	Allocation Range
Treasury Bills	0% – 100%
Treasury Bonds	0% – 70%
Bank Deposits	0% – 100%
Commercial Paper	0% – 20%

In June 2025, the fund maintained its focus on Eurobonds and short-term deposits to balance income, liquidity, and risk.

June 2025 Market Commentary

Inflation

US headline inflation remained flat at 2.4%, indicating a cooling trend that supports stable interest rates.

Currency

The US dollar weakened by 0.32%, with the Dollar Index (DXY) closing at 99.02. The dollar has lost 1.46% year-to-date as market expectations for Fed rate cuts increased.

Interest Rates

The US Federal Reserve maintained rates at 4.25% – 4.50%. Yields on long-term Treasuries fell during the month, boosting the value of existing bond holdings.

Fund Strategy

To hedge against rate volatility, the fund held a short-to-medium term bias, favoring instruments with maturity profiles of up to one year and rotating positions to optimize yield.

Why This Fund Matters for Ugandan Investors

The Sanlam Dollar Fund is perfect for:

Diaspora investors who earn or remit in USD
Parents planning for foreign tuition
Importers, freelancers, or consultants paid in USD
Investors seeking FX diversification

Benefits include:

USD-denominated monthly income
Low risk with daily pricing
No lock-in period
Global asset exposure via USD-denominated instruments

In a world where exchange rates can erode UGX returns, this fund provides a reliable hedge while earning real returns in hard currency.

How to Invest in the Sanlam Dollar Fund via Level Africa

You can get started right now through Level Africa:

Create an account at Level Africa
Upload your National ID or Passport
Go to the Unit Trusts section
Select “Sanlam Dollar Fund”
Fund your wallet in USD
Place your investment order
Track your performance and earnings from your dashboard

Final Thoughts

With a 6.84% yield in June 2025, the Sanlam Dollar Fund offers a dependable solution for USD-focused investors. It delivers income, protects your capital, and positions you to earn in a globally trusted currency—making it one of Uganda’s most attractive hard-currency unit trusts today.

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Frequently Asked Questions

What is the Sanlam Dollar Fund?

It’s a USD-denominated unit trust that invests in assets like Eurobonds, deposits, and commercial paper to deliver income and protect your capital in dollars.

What was the return in June 2025?

The fund delivered a 6.84% effective annual yield.

What’s the minimum investment?

USD 1,000.

Can I access my money anytime?

Yes. The fund offers daily pricing and allows flexible withdrawals, processed after a short settlement period.

Who should invest in this fund?

It’s ideal for anyone saving in USD—diaspora Ugandans, exporters, tuition planners, freelancers, and professionals looking to diversify away from UGX.

Is the fund regulated?

Yes. It is managed by Sanlam Investments East Africa and regulated by the Capital Markets Authority of Uganda.