Allan Gray Optimal Fund

Fund Objectives

The Fund aims to provide investors with long-term positive returns higher than those available in the money market sector, irrespective of stock market returns.

Investment Strategy

The central objective of the Fund is to provide investors with an investment alternative based on careful share selection which aims to offer long-term absolute (i.e. positive) returns higher than those available in the money market sector, with less risk of loss than a traditional share portfolio.

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 04 Jun 2020
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
3.28% 1.94% 5.23% 6.14% 5.55% -5.37%

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 1.86%

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 is dependent on the return of the Fund relative to its benchmark. The benchmark is the daily interest rate as supplied by FirstRand Bank Limited. The fee hurdle (above which a fee greater than the minimum fee of 1.14% (incl. VAT) is charged) is performance equal to the benchmark. The managers sharing rate is 20% of the outperformance of the benchmark. The fee is uncapped, however a high watermark principle applies which means that should the Fund underperform it would first be required to recover the underperformance before any further performance fees are payable.

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 conservative 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.