Allan Gray - Orbis Global Optimal Fund of Funds

Fund Objectives

The Fund aims to provide a high degree of capital stability (when measured in the foreign currency denominations of the underlying Orbis Funds), while producing long-term returns that are superior to foreign currency bank deposits.

Investment Strategy

The investment objective of this portfolio is to seek capital appreciation in a low risk global portfolio. The portfolio's returns are intended to be largely independent of the returns of major asset classes such as cash, equities and bonds. In order to achieve this objective, the Manager will predominantly invest in a mixture of Orbis mutual funds with similar objectives to the portfolio. Investments to be included in the portfolio will, apart from assets in liquid form, consist solely of participatory interests of collective investment schemes or similar schemes. Nothing shall preclude the Manager from varying the ratios of securities and assets in liquid form, to maximise capital growth and investment potential (with a portfolio limit/constraint of a max of 20% in cash).

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 01 Jan 1900
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
-0.14% -0.93% 5.49% 9.38% n/a -14.76%

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 1.63%

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?

No fee. However, the underlying funds have their own fee structure.

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 moderate investments.

Fund Asset Allocation

Asset allocation as of
30 Sep 2018

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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.