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 18 November 2019 R 106.74
12 month sector rank181 / 193
12 month overall rank1110 / 1265
12 month volatility9.05
Performance as at 18 November 2019 1
InvestedPriceIncomeTotal
3 months 5.21% 0.00% 5.21%
6 months 0.38% 1.54% 1.92%
1 year 3.12% 3.08% 6.20%
3 years 6.09% 7.81% 13.90%
5 years 22.30% 15.04% 37.34%
Fund fee and expense information
Fees
Management company annual fee2 0.92%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 30 September 2019 1.39%
Less management company rebate 0.00%
Total Fund Expense 1.39%
Assets under management
Latest total assetsR 148,376.18m
Assets as at 30 September 2019 R 148,176.36m
Previous quarterR 150,563.27m
MoveR -2,386.92m
Income declaration and payment
Declaration30 June 2019
PaymentR 1.5943

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 30 September 2019
Domestic Bonds R 14990.31m (10.12%)  
Foreign Bonds R 6210.75m (4.19%)
Domestic Cash R 7689.26m (5.19%)  
Foreign Cash R 2828.26m (1.91%)
Domestic Equity R 73704.67m (49.74%)  
Foreign Equity R 40901.16m (27.6%)
Domestic Property R 1741.84m (1.18%)  
Foreign Property R 110.11m (0.07%)

Top Holdings Top Holdings Top Holdings
As at end September 2019 As at end June 2019 As at end March 2019
HOLDING % OF FUND HOLDING % OF FUND HOLDING % OF FUND
Orbis SICAV Global Balanced Fund 15.39% Orbis SICAV Global Balanced Fund 14.13% Orbis SICAV Global Balanced SA Fund 14.13%
British American Tobacco plc 5.56% Naspers Ltd. 6.61% Naspers Ltd. 7.01%
Naspers Ltd. 4.91% British American Tobacco plc 4.84% British American Tobacco plc 5.60%
Orbis Global Equity Fund 4.56% Orbis Global Equity Fund 4.28% Orbis Global Equity Fund 4.23%
Financials positions individually less than 1% of fund 3.82% Financials positions individually less than 1% of fund 3.23% Sasol Ltd. 3.99%
Glencore plc 3.17% Sasol Ltd. 3.09% Glencore plc 2.99%
Orbis SICAV Emerging Markets Equity Fund 2.94% Glencore plc 2.87% Financials positions individually less than 1% of fund 2.84%
Sasol Ltd. 2.53% Orbis SICAV Emerging Markets Equity Fund 2.86% Orbis SICAV Emerging Markets Equity Fund 2.80%
Remgro Ltd. 2.47% Remgro Ltd. 2.79% Remgro Ltd. 2.66%
Standard Bank Group Ltd. 2.39% Standard Bank Group Ltd. 2.46% Standard Bank Group Ltd. 2.60%
Total 47.74% Total 47.16% Total 48.85%

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)