Allan Gray Africa ex-SA Equity Fund (USD)

Fund Objectives

The Fund aims to outperform African equity markets over the long term without taking on greater risk of loss.

Investment Strategy

The Fund seeks higher returns in US dollars than the Benchmark, without greater risk of loss.

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 01 Jan 1900
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
16.09% 8.18% -4.04% n/a n/a -53.03%

Fund and Adviser Fees

Adviser Fees Administration Fees Management Fees
Upfront Annual Standard Manager Discount Effective Annual Fee Total Expense Ratio (TER)
0.00% 0.50% not available not available not available 2.47%

All fees shown exclude VAT. Data provided by Morningstar and Allan Gray / Investec.

What are adviser fees?

Adviser fees are paid to Beanstalk. We do not charge an upfront fee and our annual fee is very low at just 0.50% (+ VAT where applicable).

What are administration fees?

Annual administration fees are charged by Allan Gray Investment Services Proprietary Limited or Investec Management Services (Pty) Ltd for ongoing administation. The fee applicable to your investment depends on the unit trusts you have selected and the value of your investment. A negative annual administration fee means you will pay no annual administration fee and will receive additional units into your account.

What are management fees?

The fee rate is calculated daily by comparing the Fund's performance (net of the base fee) for the day to that of the benchmark. If the Funds performance (net of the base fee) is equal to that of the benchmark, the base fee of 1.00% p.a. (VAT exempt) is charged. For each annualised percentage point above or below the benchmark 0.20% is added or deducted. If the total fee calculated is negative, a zero fee is charged and the negative fee is carried forward to reduce subsequent fees until the underperformance has been recovered and shared in fully by the manager. The maximum fee is capped at 5.00% (VAT exempt) over any 12-month period.

Management fees are expenses included in the price of your selected unit trust(s). These expenses are not charged as separate fees, but are built into the unit price of the unit trusts you select. The fees shown include VAT where applicable. Values are calculated using more decimal places than are displayed.

Fund Positioning

This fund is suitable for aggressive investments.

Fund Asset Allocation

There is currently no fund asset allocation data available for this fund.

Asset allocation as of

Tools

Disclaimer

Please note that while every effort is taken to ensure the accuracy of this information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the fund information presented on this page. All data is provided by Morningstar, Allan Gray and Investec.