Fund Profile: Allan Gray Australia Stable

Key Information

APIR codeETL0273AU
StatusOpen
Asset classMultisector Moderate
Responsible EntityEquity Trustees Ltd
Fund ManagerAllan Gray Australia Pty Ltd
Product typeRetail
Legal typeOpen end
Fund inception01 Jul 2011
Fund size $317,000,000
Entry / exit price (2020-12-31)$1.1935 / $1.1911
Minimum initial$10000
Distribution frequencyQuarterly

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.

Please refer to the full qualitative report for this fund for our rating.

Fees

Management Fee % PA0.2600
ICR % PA0.7400
Entry / Exit %0.0000/0.0000
Switching %0.0000
Buy / Sell Spread 0.10% / 0.10%