Marriott Fund Research Tool


Technical Details

Formation Date (A)	3 Feb 2004
Fund Size (ZAR)	21 369 670 988
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	AGGF
ISIN (A)	ZAE000034708
Pricing	Daily
Number of unitholders	14204
ASISA Category	Gbl-Multi Asset-High Equity
Benchmark	60% FTSE World index, including income; 40% JP Morgan Global Government Bond index
Income Distributions	31/12
Income Payment	-
Trustee	RMB, a division of FirstRand Bank Ltd.
Management Company	Allan Gray Unit Trust Management (RF) Pty Limited
Fund Management	Orbis Investment Management Ltd.
Minimum Investment	R20 000
Minimum Top-Up	500
Minimum Monthly	R500
Risk Rating	Medium


Technical Details

Formation Date (A)	3 Feb 2004
Fund Size (ZAR)	21 369 670 988
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	AGGF
ISIN (A)	ZAE000034708
Pricing	Daily
Number of unitholders	14204
ASISA Category	Gbl-Multi Asset-High Equity
Benchmark	60% FTSE World index, including income; 40% JP Morgan Global Government Bond index
Income Distributions	31/12
Income Payment	-
Trustee	RMB, a division of FirstRand Bank Ltd.
Management Company	Allan Gray Unit Trust Management (RF) Pty Limited
Fund Management	Orbis Investment Management Ltd.
Minimum Investment	R20 000
Minimum Top-Up	500
Minimum Monthly	R500
Risk Rating	Medium

Fund Objective

The Fund invests in a mix of equity, absolute return and multi-asset class funds managed by Allan Gray's offshore investment partner, Orbis Investment Management Limited. The typical net equity exposure of the Fund is between 40% and 75%. The Orbis Optimal SA funds included in the Fund use exchange-traded derivative contracts on stock market indices to reduce net equity exposure. In these funds, the market exposure of equity portfolios is effectively replaced with cash-like exposure, plus or minus Orbis' skills in delivering returns above or below the market. Returns are likely to be less volatile than those of an international equity-only fund....Read more

Fund Objective

The Fund invests in a mix of equity, absolute return and multi-asset class funds managed by Allan Gray's offshore investment partner, Orbis Investment Management Limited. The typical net equity exposure of the Fund is between 40% and 75%. The Orbis Optimal SA funds included in the Fund use exchange-traded derivative contracts on stock market indices to reduce net equity exposure. In these funds, the market exposure of equity portfolios is effectively replaced with cash-like exposure, plus or minus Orbis' skills in delivering returns above or below the market. Returns are likely to be less volatile than those of an international equity-only fund....Read more


Management

Orbis Investment Management Ltd.


Management

Orbis Investment Management Ltd.

Fees and Costs - Class A

Initial Fee

0.00%

Advisor Initial Fee

n/a

Annual Management Fee

0.00%

Performance Fee

Allan Gray does not charge an annual management fee but is paid a marketing and distribution fee by Orbis.

Advisor Annual Fee

n/a

Trailer Fee

-

Exit Fee

-

TER (31/03)

2.94%

TER Performance Fee

1.72%

Transaction Costs Ratio

0.07%

Total TER

3.01%

Fees and Costs - Class A

Initial Fee

0.00%

Advisor Initial Fee

n/a

Annual Management Fee

0.00%

Performance Fee

Allan Gray does not charge an annual management fee but is paid a marketing and distribution fee by Orbis.

Advisor Annual Fee

n/a

Trailer Fee

-

Exit Fee

-

TER (31/03)

2.94%

TER Performance Fee

1.72%

Transaction Costs Ratio

0.07%

Total TER

3.01%


Statutory Data

Management Company	Allan Gray Unit Trust Management (RF) Pty Limited
Registration Number	1998/007756/07
Directors	R W Dower, W B Gray (Irish), A R Lapping, I S Liddle (Chairman), T J Mahuma, T Mhlambiso, K C Morolo, N M Nene
Trustee	RMB, a division of FirstRand Bank Ltd.
Auditors	Ernst & Young Inc
Sponsors	-
Advisors	Allan Gray Proprietary Limited
Physical Address	1 Silo Square V&A Waterfront Cape Town 8001
Postal Address	PO Box 51605 V&A Waterfront Cape Town 8002
Telephone	021-415-2301
Tollfree	-
Fax	021-415-2492
Email	info@allangray.co.za
Website	http://www.allangray.co.za


Statutory Data

Management Company	Allan Gray Unit Trust Management (RF) Pty Limited
Registration Number	1998/007756/07
Directors	R W Dower, W B Gray (Irish), A R Lapping, I S Liddle (Chairman), T J Mahuma, T Mhlambiso, K C Morolo, N M Nene
Trustee	RMB, a division of FirstRand Bank Ltd.
Auditors	Ernst & Young Inc
Sponsors	-
Advisors	Allan Gray Proprietary Limited
Physical Address	1 Silo Square V&A Waterfront Cape Town 8001
Postal Address	PO Box 51605 V&A Waterfront Cape Town 8002
Telephone	021-415-2301
Tollfree	-
Fax	021-415-2492
Email	info@allangray.co.za
Website	http://www.allangray.co.za

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