Fund Profile: Allan Gray Australia Stable
Key Information
| APIR code | ETL0273AU |
| Status | Open |
| Asset class | Multisector Moderate |
| Responsible Entity | Equity Trustees Ltd |
| Fund Manager | Allan Gray Australia Pty Ltd |
| Product type | Retail |
| Legal type | Open end |
| Fund inception | 01 Jul 2011 |
| Fund size | $352,000,000.00 |
| Entry / exit price (2019-07-31) | $1.2001 / $1.1977 |
| Minimum initial | $10000 |
| Distribution frequency | Quarterly |
PDS Objective
The fund aims to provide a long-term return that exceeds the Benchmark, with less volatility than the Australian sharemarket.
What is this fund?
The Fund's default position will be investments in cash and money market instrument issued by, or with, entities that have at least an investment grade credit rating issued by Standard & Poor's or Moody's, such as Australian banks. The only time the Fund will not invest in such cash and money market instruments is if Allan Gray identifies an investment opportunity that offers long-term value. Such investments can only comprise up to 50% of the Fund's net asset value at any one time.
What this rating means?
Outstanding : Highly suitable for inclusion on APLs. The fund most often outperforms its peers and benchmark. In all cases the fund is operating to its mandate and product disclosure statement (PDS). There are no corporate governance issues. Management is extremely experienced and skilled and has access to significant resources.
Fees
| Management Fee % PA | 0.2600 |
| ICR % PA | 1.4200 |
| Entry / Exit % | 0.0000/0.0000 |
| Switching % | 0.0000 |
| Buy / Sell Spread | 0.10% / 0.10% |