Funds A-Z

Allan Gray Balanced Fund (C)

Allan Gray Balanced Fund (C)
South African--Multi Asset--High Equity
Fund Code: AGBC
Inception Date: 28 June 2013
Regulation 28 Compliant: No

Pricing and Rank Information
Latest price 08 July 2020 R 101.35
12 month sector rank96 / 202
12 month overall rank813 / 1315
12 month volatility17.98
Performance as at 08 July 2020 1
InvestedPriceIncomeTotal
3 months 7.26% 2.94% 10.20%
6 months -5.92% 2.57% -3.35%
1 year -2.31% 3.97% 1.66%
3 years 0.02% 9.28% 9.30%
5 years 14.82% 16.37% 31.19%
Fund fee and expense information
Fees
Management company annual fee2 0.92%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 31 March 2020 1.26%
Less management company rebate 0.00%
Total Fund Expense 1.26%
Assets under management
Latest total assetsR 137,367.10m
Assets as at 31 March 2020 R 121,271.27m
Previous quarterR 147,651.31m
MoveR -26,380.04m
Income declaration and payment
Declaration30 June 2020
PaymentR 2.7486

Fees include VAT

  1. Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude management company initial fees. Income performances are based on interest and dividend distributions of the fund.
  2. Management company annual fees are included into price and distributions paid.


Price History

Asset Allocation as at 31 March 2020
Domestic Bonds R 13645.88m (11.25%)  
Foreign Bonds R 4742.51m (3.91%)
Domestic Cash R 7102.91m (5.86%)  
Foreign Cash R 2891.25m (2.38%)
Domestic Equity R 58088.55m (47.9%)  
Foreign Equity R 33805.37m (27.88%)
Domestic Property R 901.45m (0.74%)  
Foreign Property R 93.35m (0.08%)

Top Holdings Top Holdings Top Holdings
As at end March 2020 As at end December 2019 As at end September 2019
HOLDING % OF FUND HOLDING % OF FUND HOLDING % OF FUND
Orbis SICAV Global Balanced Fund 15.21% Orbis SICAV Global Balanced Fund 15.51% Orbis SICAV Global Balanced Fund 15.39%
Naspers Ltd. 7.96% Naspers Ltd. 6.27% British American Tobacco plc 5.56%
British American Tobacco plc 5.79% British American Tobacco plc 5.94% Naspers Ltd. 4.91%
Cash on call 3.85% Orbis Global Equity Fund 5.09% Orbis Global Equity Fund 4.56%
Orbis Global Equity Fund 3.62% Financials positions individually less than 1% of fund 3.59% Financials positions individually less than 1% of fund 3.82%
Financials positions individually less than 1% of fund 3.50% Glencore plc 3.24% Glencore plc 3.17%
Allan Gray Frontier Markets Equity Fund Limited 2.75% Sasol Ltd. 3.23% Orbis SICAV Emerging Markets Equity Fund 2.94%
Glencore plc 2.68% Remgro Ltd. 2.81% Sasol Ltd. 2.53%
Orbis SICAV Emerging Markets Equity Fund 2.62% Orbis SICAV Emerging Markets Equity Fund 2.63% Remgro Ltd. 2.47%
Standard Bank Group Ltd. 2.51% Standard Bank Group Ltd. 2.46% Standard Bank Group Ltd. 2.39%
Total 50.49% Total 50.77% Total 47.74%

Fund Manager(s)

Duncan Artus

Andrew Lapping

Ruan Stander

Fund Overview
Objective
The Fund invests in a mix of shares, bonds, property, commodities and cash. The Fund can invest a maximum of 30% offshore, with an additional 10% allowed for investments in Africa outside of South Africa. The Fund typically invests the bulk of its foreign allowance in a mix of funds managed by Orbis Investment Management Limited, our offshore investment partner. The maximum net equity exposure of the Fund is 75% and we may use exchange-traded derivative contracts on stock market indices to reduce net equity exposure from time to time. The Fund is managed to comply with the investment limits governing retirement funds. Returns are likely to be less volatile than those of an equity-only fund.
Benchmark
The market value-weighted average return of funds in the South African - Multi Asset - High Equity category (excluding Allan Gray funds)