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

The Sanlam Income Fund continues to serve investors looking for dependable returns with lower risk. In June 2025, the fund posted a 13.11% annualized return, outperforming both inflation and the 91-day Treasury Bill. It’s an attractive option for savers, retirees, and professionals seeking consistent income without venturing into risky markets.

Fund Overview

The Sanlam Income Fund is a conservative unit trust focused on generating income while preserving capital. It invests primarily in high-quality, interest-bearing securities with short-to-medium term maturity.

Key facts for June 2025:

Effective Annual Yield: 13.11%
Minimum Investment: UGX 100,000
Fund Size: UGX 23.1 billion
Risk Profile: Conservative
Income Distribution: Monthly
Liquidity: T+2
Benchmark: 91-day Treasury Bill
Management Fee: 2%
Fund Launch Date: May 2009
Fund Manager: Sanlam Investments East Africa

Fund Performance

Period	Return (%)	Benchmark (%)
June 2025 (Annualized)	13.11	11.31

This fund continues to outperform its benchmark by a wide margin, showing strong income potential for those prioritizing yield and liquidity.

What the Fund Invests In

The Sanlam Income Fund invests in:

Treasury bills
Treasury bonds
Fixed deposits
Commercial paper

In June, the fund maintained a short-to-medium duration strategy, targeting high-credit-quality instruments to limit interest rate risk and preserve capital.

Market Commentary – June 2025

Inflation

Inflation edged up slightly to 3.9%, driven by fuel and outpatient costs. Despite this, it remains within the central bank’s comfort range.

Currency

The Uganda shilling appreciated by 1%, closing at UGX 3,594.41/USD. Dollar inflows from remittances and lower import demand supported its strength.

Interest Rates

The 91-day Treasury bill dropped to 11.31%, while long-dated yields softened as institutional investors rebalanced portfolios. Expectations of stable interest rates continue into Q3.

Fund Strategy

In response to falling short-term yields, the fund rotated into longer-dated government securities and commercial paper to protect returns and maintain a consistent monthly payout.

Why This Fund Matters for Ugandan Investors

The Sanlam Income Fund is ideal for:

Savers and retirees seeking reliable monthly income
Professionals building up emergency funds
Institutions looking for liquidity with better-than-bank yields
Investors avoiding equity volatility

Benefits include:

Monthly income distribution
Daily pricing and transparency
Conservative portfolio for capital preservation
T+2 access to funds

How to Invest in the Sanlam Income Fund via Level Africa

You can invest through Level Africa in a few simple steps:

Create an account at Level Africa
Upload your National ID or Passport
Visit the Unit Trusts section under Products
Select “Sanlam Income Fund”
Deposit funds via mobile money, bank, or card
Place your order
Track your performance and income payouts on your dashboard

Final Thoughts

With a 13.11% return in June 2025, the Sanlam Income Fund continues to be a dependable choice for Ugandans who want their money to work without high risk. Its strong yield, professional management, and easy access through Level Africa make it one of the top unit trust options in the market.

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Frequently Asked Questions

What is the Sanlam Income Fund?

It is a conservative unit trust that invests in government securities and commercial paper to provide monthly income and capital protection.

What was the return in June 2025?

It delivered a 13.11% effective annual yield.

What is the minimum investment?

UGX 100,000 for both initial investment and top-ups.

Can I access my money quickly?

Yes. The fund offers T+2 liquidity, meaning funds are available within two working days.

Who is this fund ideal for?

Salaried professionals, retirees, institutions, and anyone seeking low-risk, steady income in Uganda.

How do I invest through Level Africa?

Sign up
Upload your ID
Fund your wallet
Choose the Sanlam Income Fund
Place your order
Monitor everything from your Level dashboard