Fund Overview
Risk Profile
Objective
The Allan Gray Balanced Fund aims to earn a higher rate of return than similar balanced funds, without assuming any greater risk of loss.
Investor Profile
- Seek long-term wealth creation.
- Have an appetite for risk similar to the average person investing in pension funds.
- Typically have an investment horizon of three years plus
Offshore Exposure
Yes
Inception Date
1 October 1999
Fund Code
AGBF
Fund Manager(s)
Ian Liddle, Duncan Artus, Delphine Govender, Andrew Lapping, Simon Raubenheimer
(Foreign assets are invested in Orbis funds)
Top 10 Holdings at 30 June 2011
| Sasol |
6.20% |
| SABMiller |
5.80% |
| British American Tobacco Plc |
4.20% |
| Remgro |
3.50% |
| Anglogold Ashanti |
2.70% |
| Sanlam |
2.40% |
| Standard Bank |
2.00% |
| MTN |
2.00% |
| Sappi |
1.40% |
| Nampak |
1.30% |
| Total Holdings |
31.50% |
|
Asset Allocation at 30 June 2011
|
Top 10 Holdings at 31 March 2011
| Sasol |
7.20% |
| SABMiller |
6.30% |
| British American Tobacco Plc |
4.00% |
| Remgro |
3.60% |
| New Gold ETF |
3.20% |
| Anglogold Ashanti |
3.00% |
| Sanlam |
2.40% |
| MTN |
1.90% |
| Harmony Gold |
1.70% |
| Standard Bank |
1.60% |
| Total Holdings |
34.90% |
|
Asset Allocation at 31 March 2011
|
Top 10 Holdings at 31 December 2010
| Sasol |
6.80% |
| SABMiller |
6.50% |
| Remgro |
3.80% |
| British American Tobacco Plc |
3.60% |
| Anglogold Ashanti |
3.30% |
| Sanlam |
2.60% |
| MTN |
1.90% |
| Harmony Gold |
1.50% |
| Nampak |
1.50% |
| Sappi |
1.30% |
| Total Holdings |
32.80% |
|
Asset Allocation at 31 December 2010
|
Top 10 Holdings at 30 September 2010
| Money Market and Call Deposits |
18.90% |
| Orbis Equity Funds |
8.30% |
| Orbis Absolute Return Funds |
7.70% |
| SABMiller |
6.40% |
| Sasol |
6.00% |
| RSA Government Bonds |
5.90% |
| Remgro |
4.20% |
| British American Tobacco Plc |
3.60% |
| Anglogold Ashanti |
3.40% |
| RSA Bank Bonds |
2.80% |
| Total Holdings |
67.20% |
|
Asset Allocation at 30 September 2010
|
Top 10 Holdings at 30 June 2010
| Money Market and Call Deposits |
20.90% |
| Orbis Absolute Return Funds |
8.70% |
| Orbis Equity Funds |
7.60% |
| SABMiller |
6.50% |
| RSA Bonds |
5.90% |
| Sasol |
4.70% |
| Remgro |
3.90% |
| Anglogold Ashanti |
3.90% |
| Corporate Bonds |
3.60% |
| British American Tobacco Plc |
3.60% |
| Total Holdings |
69.30% |
|
Asset Allocation at 30 June 2010
|
Top 10 Holdings at 31 March 2010
| Money Market and Call Deposits |
22.80% |
| Orbis Absolute Return Funds |
8.30% |
| Orbis Equity Funds |
7.80% |
| SABMiller |
6.60% |
| Sasol |
5.00% |
| RSA Bonds |
4.00% |
| Remgro |
3.90% |
| Corporate Bonds |
3.80% |
| British American Tobacco Plc |
3.80% |
| Anglogold Ashanti |
3.40% |
| Total Holdings |
69.40% |
|
Asset Allocation at 31 March 2010
|
