Sanlam Alternative Income B6
"The objective of the Sanlam Alternative Income Fund (SAIF or the Fund) is to offer a liquid, mainly dividend-yielding investment that will track the South African short term interest rate cycle. Income distributed to investors will aim to exceed the average after-tax yield normally received from money-market portfolios. The Fund has a conservative investment mandate that will follow a risk profile focused on capital preservation subject to strict criteria, in accordance with the requirements of the Collective Investments Schemes Control Act (CISCA). The credit risk is diversified in credit-rated investments of a high credit quality. Investments are in rand denominated, redeemable, cumulative preference shares and liquid instruments and any other securities allowed by CISCA."