Allan Gray Equity Fund

Fund Objectives

The Fund aims to create long-term wealth for investors. It aims to outperform the average return of South African General Equity Funds over the long term, without taking on greater risk of loss.

Investment Strategy

The fund seeks to earn a higher total rate of return than that of the average South African - Equity - General portfolios as represneted by the market value-weighted average return of the South African - Equity - General sector, excluding Allan Gray funds, without assuming greater risk.

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 04 Jun 2020
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
-5.12% -0.70% 2.46% 5.66% 9.30% -28.33%

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 2.12%

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 annual management fee rate charged is based on the net asset value of the Fund excluding the portion invested in Orbis funds. The fee rate is calculated daily by comparing the Fund’s total performance for the day to that of the benchmark. The fee for performance equal to the Fund’s benchmark is 1.14% p.a. (incl. VAT). For each annualised percentage point above or below the benchmark 0.23% (incl. VAT) is added or deducted. The maximum fee is uncapped and if the fee would have been negative, 0% will be charged for the day and the negative fee will be carried forward to reduce the next day’s fee (and all subsequent days until the underperformance is recovered). This means the manager shares in 20% of annualised performance relative to the benchmark. A portion of the Fund may be invested in Orbis funds. Orbis charges performance-based fees within these funds that are calculated based on each Orbis fund’s performance relative to its own benchmark.

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

Asset allocation as of
31 Mar 2020



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.