Prepare for the end of the financial year 2022


changes to superWith the end of the financial year fast approaching, there are a few important things to note about our Funds and distributions.

Distributions for all the Allan Gray Australia Funds will be made on 30 June, with payments expected to be made on or around Thursday 14 July 2022. The Allan Gray Australia Funds will reflect their new unit price from 1 July 2022.

If you hold units in the Allan Gray Australia Funds please check your distribution instruction and let us know if you would like to change it as soon as possible. We require written notice on or before 23 June 2022 to change a distribution instruction to meet the 30 June 2022 deadline.



We often get a number of questions about unit pricing and distributions around the end of the financial year. Here are the most frequently asked questions:

Are all Funds distributing at the end of the financial year?

Yes, we expect that our managed funds will be making a distribution for the financial year ending 30 June 2022.

When can I expect to receive my distribution?

Investors who have nominated to have their distribution paid to a bank account can expect payment on or around Thursday 14 July 2022.

Investors who have chosen to reinvest their distributions will have additional units applied to their account on 1 July 2022. Please note that the processing times will mean there will be a delay before you see these additional units in your account.  

When can I expect to receive my end-of-year statement?

End-of-year statements will be sent to you in mid-July 2022. This statement pack will consist of a distribution statement and tax statement together with a periodic statement that details all transactions on your investment over the last year.

Can I change my nominated bank account now for the distribution payment?

Yes. We require written notice on or before 23 June 2022 to change a nominated bank account for the distribution payment to meet the 30 June 2022 deadline. Please download and complete the ‘Change of details’ form to change your bank account details.

Why does a Fund’s unit price fall after a distribution?

We receive a number of calls from clients each year who are concerned the value of their investment has reduced after the distribution is paid. Although it is true that the unit value reduces, it’s important to remember that this is because the investor has been paid that money so their total wealth remains the same.

A Fund’s unit price reflects the value of the Fund’s investments together with any income accrued but not yet distributed to investors. After a distribution is paid to investors, the value of the Fund falls by the amount of income that’s distributed to investors. This means that whilst it may appear your investment is worth less on the day after the distribution, you actually have received the difference as income so the net impact for the investor is nil. This is shown in the chart below. When the distribution is paid, the unit price reduces by the same amount.



Source: Allan Gray. For illustrative purposes we have assumed the unit price increases at a constant rate. This is unrealistic, as investment performance doesn’t follow a straight line. We have also ignored any tax implications for simplicity.

What should I do if I have any further questions?

Our Client Services team can answer any general questions relating to our products and can be contacted on 1300 604 604 or at For details on how earnings on your investments may affect your personal tax position, we recommend you talk to a tax specialist or accountant.

Prepare for the end of the financial year

The end of the financial year is a good time to get your financial affairs in order. Now is a great time to review your investments, including your superannuation.

As superannuation can be a tax-effective investment, it may be worth considering contributing to your superannuation through salary sacrifice, thereby reducing your taxable income. It’s also a good idea to review your investments to ensure you are still on track to meet your retirement goals or consider strategies to boost your retirement savings. Insurance arrangements should also be regularly reviewed to ensure that you and your family are covered should the unforeseen ever occur.

To find out more, we recommend you talk to your tax specialist or accountant. To learn more about Allan Gray Superannuation and to see some super smart tips to ensure your super is working as hard as you do, please click here.

If you need any assistance please contact our client services team on 1300 604 604 or