Latest prices, factsheets and performance
Benchmark The market value-weighted average return of unit trusts in the South-African-Equity-General category (excluding Allan Gray funds). Since inception to 28 February 2015 the benchmark was the FTSE/JSE All Share Index including income.
Benchmark FTSE/JSE All Share Index including income.
Benchmark The market value-weighted average return of unit trusts in the South African–Multi Asset–High Equity category (excluding the Allan Gray Balanced Fund). Since inception to 31 January 2013 the benchmark was the market value-weighted average return of the unit trusts in both the Domestic Asset Allocation Medium Equity and Domestic Asset Allocation Variable Equity sectors of the previous ASISA Fund Classification Standard, excluding the Allan Gray Balanced Fund.
Benchmark The market value-weighted average return of funds in the South African – Multi Asset – High Equity category (excluding Allan Gray funds).
Benchmark The daily interest rate as supplied by First Rand Bank Limited plus 2%.
Benchmark The daily interest rate as supplied by FirstRand Bank Limited.
Benchmark FTSE/JSE All Bond Index.
Benchmark The Alexander Forbes Short Term Fixed Interest (STeFI) Composite Index. Since inception to 31 March 2003, the benchmark was the Alexander Forbes 3-Month Deposit Index. From 1 April 2003 to 31 October 2011 the benchmark was the Domestic Fixed Interest Money Market Collective Investment Scheme sector excluding the Allan Gray Money Market Fund.
Benchmark 60% of the MSCI World Index with net dividends reinvested and 40% of the J.P. Morgan GBI Global Index.
Benchmark MSCI World Index, including income, after withholding taxes.
Benchmark The simple average of the benchmarks of the underlying unit trusts.
Benchmark The market value-weighted average return of unit trusts in the South-African-Equity-General category (excluding Allan Gray funds). Since inception to 28 February 2015 the benchmark was the FTSE/JSE All Share Index including income.
Benchmark FTSE/JSE All Share Index including income.
Benchmark The market value-weighted average return of unit trusts in the South African–Multi Asset–High Equity category (excluding the Allan Gray Balanced Fund). Since inception to 31 January 2013 the benchmark was the market value-weighted average return of the unit trusts in both the Domestic Asset Allocation Medium Equity and Domestic Asset Allocation Variable Equity sectors of the previous ASISA Fund Classification Standard, excluding the Allan Gray Balanced Fund.
Benchmark The market value-weighted average return of funds in the South African – Multi Asset – High Equity category (excluding Allan Gray funds).
Benchmark The daily interest rate as supplied by First Rand Bank Limited plus 2%.
Benchmark The daily interest rate as supplied by FirstRand Bank Limited.
Benchmark FTSE/JSE All Bond Index.
Benchmark The Alexander Forbes Short Term Fixed Interest (STeFI) Composite Index. Since inception to 31 March 2003, the benchmark was the Alexander Forbes 3-Month Deposit Index. From 1 April 2003 to 31 October 2011 the benchmark was the Domestic Fixed Interest Money Market Collective Investment Scheme sector excluding the Allan Gray Money Market Fund.
Benchmark MSCI World Index, including income, after withholding taxes.
Benchmark 60% of the MSCI World Index with net dividends reinvested and 40% of the J.P. Morgan GBI Global Index.
Benchmark The simple average of the benchmarks of the underlying unit trusts.
1 Maximum percentage decline over any period.
2 This is the highest or lowest consecutive 12-month return the Fund has experienced since inception, along with the benchmark performance for the corresponding period. All rolling 12-month figures for the Fund and the benchmark are available from our Client Service Centre on request.
3 The total expense ratio (TER) is the percentage of the Fund’s average assets under management that has been used to pay the Fund’s actual expenses over the past three years. The TER includes the annual management fees that have been charged (both the fee at benchmark and any performance component charged), trading costs (including brokerage, Securities Transfer Tax [STT], STRATE and Investor Protection Levy), VAT and other expenses. Since Fund returns are quoted after the deduction of these expenses, the TER should not be deducted from published returns. As unit trust expenses vary, the current TER cannot be used as an indication of future TERs. A higher TER ratio does not necessarily imply a poor return, nor does a low TER imply a good return. Instead, when investing, the investment objective of the Fund should be aligned with the investor’s objective and compared against the performance of the Fund. The TER and other funds’ TERs should then be used to evaluate whether the Fund performance offers value for money.
* Effective yield is the annual rate at which an investment grows in value when interest is compounded over a year and credited to the capital amount. This is the yield normally published in the newspaper.
Calculation of effective yield is according to the Association of Savings and Investment SA: The accrual in cents per unit for the previous seven days is converted into an average annual nominal yield and divided by the compounding factor to obtain a periodic effective rate. This figure is then converted to an annual effective rate. (Weekend/Public Holiday rates are rolled forward from the previous working day.)
Important information for investors
Collective Investment Schemes in Securities (unit trusts) are generally medium- to long-term investments. Except for the Allan Gray Money Market Fund, where the Investment Manager aims to maintain a constant unit price, the value of units may go down as well as up and past performance is not necessarily a guide to future performance. The Management Company does not provide any guarantee regarding the capital or the performance of its unit trusts. Unit trusts may be closed to new investments at any time in order for them to be managed according to their mandates. Unit trusts are traded at ruling prices and can engage in borrowing and scrip lending.
Performance figures are provided by the 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 dividend withholding tax. Movements in exchange rates may also be the cause of the value of underlying international investments going up or down. Unit trust prices are calculated on a net asset value basis, which is the total market value of all assets in the unit trust including any income accruals and less any permissible deductions from the unit trust, divided by the number of units in issue. Forward pricing is used and fund valuations take place at approximately 16:00 each business day. Purchase and redemption requests must be received by 14:00 each business day to receive that day’s price. Unit trust prices are available daily on our prices page. Permissible deductions may include management fees, brokerage, Securities Transfer Tax (STT), auditor’s fees, bank charges and trustee fees. A schedule of fees, charges and maximum commissions is available on request from the Management Company
The Allan Gray Bond Fund yield is current, calculated as at month-end.
The Allan Gray Money Market Fund is not a bank deposit account. The unit trust aims to maintain a constant price of 100 cents per unit. The total return an investor receives is made up of interest received and any gain or loss made on instruments held by the unit trust. While capital losses are unlikely, they can occur if, for example, one of the issuers of an instrument defaults. In this event investors may lose some of their capital. To maintain a constant price of 100 cents per unit, investors’ unit holdings will be reduced to the extent of such losses. The yield is calculated according to ASISA standards. Excessive withdrawals from the unit trust may place it under liquidity pressure; if this happens withdrawals may be ring-fenced and managed over a period of time.
You can obtain additional information about your proposed investment from Allan Gray free of charge. Simply email info@allangray.co.za or call our Client Service Centre on 0860 000 654.