Allan Gray Bermuda Limited is the investment manager of the Allan Gray Africa ex-SA Bond Fund and the Allan Gray Africa ex-SA Equity Fund (the ‘Funds’). The Funds are incorporated and registered under the laws of Bermuda and are supervised by the Bermuda Monetary Authority. The Funds are also listed on the Bermuda Stock Exchange. The Investment Manager has appointed Allan Gray Unit Trust Management (RF) Proprietary Limited (the ‘Representative’) as its representative for the purpose of approval in terms of the Collective Investment Schemes Control Act 45 of 2002. The Representative is incorporated under the laws of South Africa and is supervised by the Financial Services Board (‘FSB’). Collective Investment Schemes in Securities (unit trusts or mutual funds) are generally medium- to long-term investments. Where annualised performance is mentioned, this refers to the average return per year over the period. The value of shares may go down as well as up and past performance is not necessarily a guide to future performance. Movements in exchange rates may cause of the value of underlying international investments to go up or down. Neither the Investment Manager, nor the Funds, nor the Representative provide any guarantee regarding the capital or the performance of the Funds. Performance figures are provided by the Investment Manager and are for lump sum investments with income distributions reinvested. Actual investor performance may differ as a result of the investment date, the date of reinvestment and applicable taxes.
The Funds may be closed to new investments at any time to be managed according to their mandates. Shares in the Funds are traded at ruling prices and the Funds can engage in borrowing and scrip lending. The Funds may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. This report does not constitute a financial promotion, a recommendation, an offer to sell or a solicitation to buy shares in the Funds. Investments in the Funds are made according to the terms and conditions and subject to the restrictions set out in the prospectus. The offering of shares in the Funds may be restricted in certain jurisdictions. Please contact the Allan Gray service team to confirm if there are any restrictions applicable to you.
The Allan Gray ex-SA Bond Fund’s (the Fund) benchmark data is provided by JPMorgan Chase & Co. (‘J.P. Morgan’). All information provided herein regarding J.P. Morgan index products (referred to herein as ‘Index’ or ‘Indices’), including without limitation, the levels of the Indices, is provided for informational purposes only and nothing herein constitutes, or forms part of, an offer or solicitation for the purchase or sale of any financial instrument, or an official confirmation of any transaction, or a valuation or price for any product referencing the Indices. Nor should anything herein be construed as a recommendation to adopt any investment strategy or as legal, tax or accounting advice. All market prices, data and other information contained herein is believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The information contained herein is subject to change without notice. Past performance is not indicative of future returns, which will vary. J.P. Morgan and/ or its affiliates and employees may hold positions (long or short), effect transactions or act as market maker in the financial instruments of any issuer data contained herein or act as underwriter, placement agent, advisor or lender to such issuer. J.P. Morgan Securities LLC (‘JPMS’) (the ‘Index Sponsor’) does not sponsor, endorse or otherwise promote any security or financial product or transaction (each the ‘Product’) referencing any of the Indices. The Index Sponsor makes no representation or warranty, express or implied, regarding the advisability of investing in securities or financial products generally, or in the Product particularly, or the advisability of any of the Indices to track investment opportunities in the financial markets or otherwise achieve their objective. The Index Sponsor has no obligation or liability in connection with the administration, marketing or trading of any Product. The Index is derived from sources that are considered reliable, but the Index Sponsor does not warrant its c mpleteness or accuracy or any other information furnished in connection with the Index. The Index is the exclusive property of the Index Sponsor and the Index Sponsor retains all property rights therein. JPMS is a member of FINRA, NYSE, SIPC and NFA. JPMorgan Chase Bank, National Association is a member of FDIC. J.P. Morgan Securities plc is authorized by the FSA and is a member of the LSE. J.P. Morgan Europe Limited is authorized by the FSA. J.P. Morgan Equities South Africa Proprietary Limited is a member of the JSE Ltd. and is regulated by the FSB. J.P. Morgan Securities (Asia Pacific) Limited is registered as an investment adviser with the Securities & Futures Commission in Hong Kong and its CE number is AAJ321. J.P. Morgan Securities Singapore Private Limited is a member of Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (‘MAS’). J.P. Morgan Securities Asia Private Limited is regulated by the MAS and the Financial Services Agency in Japan. J.P. Morgan Australia Limited (ABN 52 002 888 011) is a licensed securities dealer. J.P. Morgan is the marketing name for the investment banking activities of JPMorgan Chase Bank, N.A., JPMS, J.P. Morgan Securities plc (authorized by the FSA and member, LSE) and their investment banking affiliates. Copyright 2018 JPMorgan Chase & Co. All rights reserved.