Orbis SICAV Japan Equity Fund (JPY)

Fund Objectives

The Fund remains fully invested in Japanese equities. It aims to earn higher returns than the Japanese stock market and has a benchmark of the TOPIX Index, including income measured in Japanese yen or hedged into Euro.

Investment Strategy

To seek higher returns than the Japanese stockmarket, 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
4.90% 4.53% 7.66% 14.57% 11.90% -52.07%

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 2.03%

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?

A base fee of 1.50% per annum plus/(minus) 1/25th of the cumulative out/(under)performance of the Fund return over the benchmark over a 3-year rolling period, subject to a minimum fee of 0.50% and a maximum fee of 2.50% (excl. VAT).

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 2016

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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.