Allan Gray Balanced Fund Fact Sheet

Fund Details
Fund Sector
SA – Multi Asset – High Equity
Assets Under Management (R m) (Mar 2019)
R155 520 R 9 468 6.0879%
Number of Accounts (Mar 2019)
264 984 3 828 1.4446%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 74 560 R 71 037
    Local    R 74 560    R 71 037
    Foreign    R 0    R 0
Cash Instr. R 30 628 R 28 157
    Local    R 29 023    R 26 715
    Foreign    R 1 606    R 1 442
Property R 2 023 R 1 876
On FoF R 48 309 R 44 981
Fund Investment Aims, Objective and/or Universe
The Fund aims to create long-term wealth for investors within the constraints governing retirement funds.It aims to outperform the average return of similar funds without assuming any more risk.The Fund’s benchmark is the market value-weighted average return of funds in the South African – Multi Asset – High Equity category (excluding Allan Gray funds).

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.
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