How do I invest with Allan Gray?
I've just invested - how do I manage my investments online?
How do I transact on my account?
How much does it cost to invest and how do the fees work?
I’m a financial adviser, how can I invest with you?
I have some other questions about the Funds...

There are three stages to opening an account. Please visit the Invest Now page to learn more.

You can open an account with an initial investment of AUD 10,000 per Fund, or set up a regular savings plan to gradually build up your investment. The minimum contribution is AUD 500 per month per Fund.

If we receive your completed application form, identification documents (where applicable) and money before 2pm (Sydney time) on any business day, your money will be invested that very day and you will receive that day’s price for your investment.
Your transaction will be finalised the next business day and you will receive a statement confirming those details.

You can open an account with an initial investment of AUD 10,000 per Fund, or set up a regular savings plan to gradually build up your investment. The minimum contribution is AUD 500 per month per Fund.

Your bank account will be debited on the first business day of each month. You’ll need an Australian bank account to set up a regular savings plan.

The type of documents you’ll need will depend on the investment you make. We have a different identification form for the main entity types (individual, company, or trust). Please visit our forms page to learn more. You can also find a list of documents on the back of the relevant Identification form.

As you are providing copies of original documents, they’ll need to be certified. You’ll find a list showing who can certify them and how this should be done by reading our Getting your documents certified page.

There are three reasons to read the PDS (and Information Booklet) before you invest.

  1. Our PDS and Information Booklet gives you the information you need to make an informed decision about whether to invest in our Funds.
    They include details such as:

      • our approach to investment management
      • product features and benefits
      • fees that apply – which may affect your returns
      • risks of investing
      • how to invest, and
      • any other information that is essential to your decision to invest

    The booklet also lets you know who to contact and how we handle any complaints if you are unhappy with our service.

  2. You’ll be bound by this document when you become a unitholder
    We offer Units in the Funds based on the terms and conditions in the PDS (including the Information Booklet) and the Constitution (the document that establishes the Fund and sets out both your rights and responsibilities and those of the Fund provider or responsible entity). A summary of the Constitution is provided in these documents.
  3. It will help you with your decision making.
    The information provided helps you compare our products with each other and with other investment opportunities.

Yes, you can invest in the Allan Gray Australia Equity Fund, Balanced Fund and Stable Fund directly by opening an account with Allan Gray Australia. You can find the New Zealand forms for investment here.

Yes, you can invest in the Allan Gray Funds directly by opening an account with Allan Gray Australia, or you can invest in our Funds using the Allan Gray South Africa platform.

If you wish to use our South Africa platform, please contact Allan Gray South Africa. You can find the South African forms for investment here.
Email: info@allangray.co.za
Tel: +27 (0)21 415 2301

No, unfortunately not. Although we share the same name, the same investment philosophy, and many other common characteristics, we are a separate business in Australia.

Yes, you may find it easier to liaise with Allan Gray South Africa when you are opening your account.
Please contact their client service team on:
Email: info@allangray.co.za
Tel: +27 (0)21 415 2301

Yes, if you have multiple investments with us, you’ll have access to all of your holdings by simply logging in.

You’ll be able to view information about your investment, including your account balance and transaction history, and access copies of your statements. You can also view your personal contact details, check your distribution instructions and view the bank account details we have on file for you.

We will set up your online account when you invest with us. Please contact us if you would like us to set up online access.

The simplest way to top up your account is by using our online instruction portal.

Alternatively, you can complete and return the Additional Investment form, by downloading it from Forms.

Yes, you may switch between the Allan Gray Australia Equity Fund Class A, Class B, the Stable Fund and the Balanced Fund at any time and pay no fees. The only cost is the buy/sell spread because all switch transactions have two components:

  1. Sell units from your existing fund.
  2. Buy units in another fund.

There is no buy/sell spread when switching between the Allan Gray Australia Equity Fund Class A and Class B.

Make sure your switch instruction takes into account the minimum balance requirement for each fund. In other words, you must have AUD 10,000 in each fund in which you are investing in after the switch has been processed.

Two simple steps to switch:

  1. Review the fund information and read the Product Disclosure Statement for the fund that you wish to switch to.
  2. Provide us with a completed and  signed switch instruction form

The following statements are available to all unitholders in our funds.

  • A transaction confirmation statement, showing a change in your investment (we provide this when you transact on your account or on your request).
  • Quarterly investment management reports.
  • The annual audited accounts of the fund for each period ending 30 June.
  • Annual distribution, tax and confirmation of holdings statements for each period ending 30 June.

We will send you or your authorised representatives the above statements by email unless you instruct us otherwise.
Sign up to receive our monthly email and you’ll also receive the latest fund fact sheets, our Quarterly Reports and up-to-date commentary from our analysts.

You may access a statement anytime online by registering to use Allan Gray Online. Or, just contact us , we’ll be happy to help.

You can update your account details online if the investment is held in your name and you are the only signatory on the account.

Yes, you can transfer some or all of your investment to another person or entity, as long as you keep a balance of AUD 10,000 in each Fund. Both parties will need to complete and sign the Transfer form available from the Forms section of this website.

If you are transferring your investment to someone who is not currently investing with Allan Gray Australia, they’ll need to follow the account opening process before the transfer is processed.

Simply complete and return the Redemption request form available from the Forms section of this website.

Yes, as long as you have a minimum balance of AUD 25,000 in your account at the start. The minimum monthly regular redemption amount is AUD 500 and payments can only be made to Australian bank accounts.
We will automatically suspend the regular redemption once your account balance reaches AUD 10,000.

Regular redemption plans are processed on the 22nd of each month. If the 22nd is not a business day, we will process your regular redemption plan on the preceding business day.
We aim to pay regular redemption proceeds on the 25th of each month if this is a business day.

Generally, redemption proceeds should arrive in your bank account within four to seven business days after we have received your request. Payment to an overseas bank account may take longer.

You can withdraw from your investment at any time. There is no minimum redemption amount but you should keep a minimum balance of AUD 10,000 invested with us.

Payments can only be made to a bank account with the same name as your investment account.

Yes, you can. Keep in mind, as payments are made in Australian dollars, the proceeds will be converted by your bank into the currency of your overseas bank account.

If you are invested in your own name, this investment forms part of your estate, and will be dealt with according to the terms of your will or in accordance with the law if necessary.

As an investor in the Funds you will pay a base fee (if applicable) and a performance fee.
These fees are already included in the daily unit price for the Funds.

The base fees for the Allan Gray Funds are:

  • Allan Gray Australia Equity Fund (Class A) – 0.75% per annum
  • Allan Gray Australia Equity Fund (Class B) – Nil
  • Allan Gray Australia Balanced Fund – 0.75% per annum
  • Allan Gray Australia Stable Fund – 0.25% per annum

The fee is charged daily based on the value of the Fund and is the minimum fee which you will pay for your investment.

The performance fees for the Allan Gray Funds are:

  • Allan Gray Australia Equity Fund (Class A) – 20%
  • Allan Gray Australia Equity Fund (Class B) – 35%
  • Allan Gray Australia Balanced Fund – 20%
  • Allan Gray Australia Stable Fund – 20%

If after deducting the base fee (if applicable), the Fund’s return is higher than the benchmark then a performance fee is charged on the excess return.

A performance fee is only charged when the Fund’s return (after considering base fees if applicable) is higher than the benchmark’s return.

A high water mark is in place to ensure that our investors only pay once for performance which exceeds that of the benchmark

Yes, if the value of the Fund and the benchmark is going down, a performance fee can still be charged if the value of the Fund has fallen less than the benchmark. This is because the Fund has still delivered a better return than the benchmark. Therefore, the level of costs in the Fund can vary.

The high water mark is the highest return the Fund has achieved in comparison to the benchmark since the Fund was launched.

A performance fee is only charged when the Fund’s return in comparison to the benchmark reaches a new high. When this happens the high water mark is reset at this level.

If the Fund subsequently loses value, and then increases again, the high water mark ensures that performance fees are not charged for this value increase because this is only recovering previous losses.

You can look at the indirect cost ratio (ICR) which is published on this website each month. This ratio shows the amount of base and performance fees charged over the last 12 months as a percentage of the Fund’s net asset value.

The approximate dollar value of fees charged on your investment is also shown on your quarterly statement.

Yes, the price which you receive when you transact in the Funds will include a spread. The spread covers the costs the Fund incurs in buying and selling equities for your transactions. It means you only pay for your trades when buying and selling, not the other investors in the Fund.

This procedure helps you when other investors are transacting and ensures that you do not incur additional costs for those transactions.

The spread for the Allan Gray Australia Equity Fund is 0.20%. For the Allan Gray Australia Balanced Fund the spread is 0.20% and for the Allan Gray Australia Stable Fund the spread is 0.10%. The spread is lower for the Allan Gray Australia Stable Fund because a smaller portion of the Fund is invested in equities.

Allan Gray covers the portion of costs which are directly associated with running a fund. We do this to ensure that you are not paying more to invest with us than you would if you invested directly in shares.

Standard fund running costs include fund administration, custody, registry and responsible entity fees.

We have benchmarks to measure each Fund’s performance. Our aim is to deliver a better return than the benchmark over a period of time.

The Allan Gray Australia Equity Fund’s benchmark is the S&P/ASX 300 Accumulation Index.

The Allan Gray Australia Balanced Fund uses a custom benchmark, made up of:

  • 36% S&P/ASX 300 Accumulation Index
  • 24% S&P/ASX Australian Government Bond Index
  • 24% MSCI World Index (net dividends reinvested) expressed in AUD; and
  • 16% JPMorgan Global Government Bond Index expressed in AUD.

The Allan Gray Australia Stable Fund’s benchmark is the RBA cash rate.

To speak to an Allan Gray representative in your state please contact:

NSW/WA
Julian Morrison, 02 8224 8641
Don Gunawan, 02 8224 8656

QLD
Marietta Gibbs, 07 3112 2715

VIC/SA/TAS
Chris Inifer, 03 9225 5269
LJ Collyer, 03 9225 5093

You can do business with us directly or through platforms.

The Allan Gray Australia Balanced Fund launched on 1 March 2017 and is currently only available via a direct investment with Allan Gray Australia.

Our other funds are currently available on the following platforms:

Allan Gray Australia Equity Fund (Class A) Allan Gray Australia Stable Fund
Allan Gray (South African platform) tick tick
Asgard tick tick
BT Panorama tick tick
BT Wrap tick tick
Colonial First Wrap tick tick
Core Equity Services tick
Federation Managed Accounts tick

Hub24

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IOOF

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Macquarie Wrap tick tick
MLC Wrap tick tick
Navigator tick tick
Netwealth tick tick
North tick tick
OneVue tick tick

Power Wrap

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PortfolioCare tick
Summit tick
WealthView tick

Yes. Both the Allan Gray Australia Equity Fund and the Allan Gray Australia Stable Fund are rated by Lonsec, Zenith and SQM Research.

The Allan Gray Australia Balanced Fund was launched on 1 March 2017 and is currently rated by SQM Research.

To find out more about these ratings, please click on the attachments below. Ratings are only one factor to be taken into account when deciding whether to invest.

The Fund is rated by Lonsec but we are unable to show this rating on a public website. If you are a financial adviser and would like to know more about the Lonsec rating please contact Client Services for further information.

ALLAN GRAY AUSTRALIA EQUITY FUND (CLASS A)
zenith

Disclaimer
Financial Services Guide

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Disclaimer

ALLAN GRAY AUSTRALIA STABLE FUND
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Disclaimer
Financial Services Guide

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Disclaimer

ALLAN GRAY AUSTRALIA BALANCED FUND
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Disclaimer

 

 

We believe in independent personal financial advice and recognise that most investors would benefit from independent personal financial advice when they set long-term investment objectives. For this reason, we value the relationships that we have built with many independent financial advisers and continue to invest time and resources in developing these relationships.

You may register to do business with us:

  • if you are an authorised representative of an Australian Financial Services Licensee
  • as foreign adviser if you hold the respective accreditation required by your country’s regulatory authority.

You’ll need to complete a Financial adviser registration form

Your dealer group will need to complete the following one-off agreement in the Dealer group registration form. This is not required for foreign advisers.

You can access your money after you invest at any time with no penalties and at no cost. You can do this through a redemption request. You may also schedule regular monthly redemptions to draw funds from your investment.

Your clients may choose to pay you a contribution and/or ongoing fee as follows

Fee type Amount How fees are calculated
Contribution 0%-2% Calculated on the amount of your client’s initial and each additional investment (excluding re-investment of distributions).
Ongoing 0%-1% p.a. Calculated on the average daily balance of your client’s investment based on redemption prices.

Once a financial adviser fee is nominated, it will be paid to your dealer group’s bank account on or around the 7th Business day after the end of each calendar quarter.

  • All payments to a foreign bank account are subject to a minimum of AUD 100.
  • Payments into Australian bank accounts have no minimum amount.
  • No interest is paid on accrued fees and no fee is payable for the calendar quarter if your client has redeemed their entire investment value.

Minimum redemption amount

The minimum redemption amount is AUD 500 if you are redeeming via a monthly redemption plan. No minimum applies in other circumstances.

However, after your redemption is processed, you must always maintain a minimum investment balance of AUD 10,000.

Monthly redemption plan

With the monthly redemption plan, you can make regular redemptions of at least AUD 500 per month. This saves you the time and hassle of giving us an instruction each month.

To set up a regular redemption plan, you must have a minimum balance of AUD 25,000 and maintain a balance of AUD 10,000 after each redemption is paid.

  1. Make sure you read the important information about the minimum amounts.
  2. Complete the Redemption form.
  3. Email, fax or post the instruction to us.

Proceeds are paid in Australian dollars seven business days after we accept your instruction. If you have a regular redemption plan, you will receive your redemption proceeds on or about the 25th calendar day of the month.

Daily fund prices, complete price history and performance information about the Funds can be found on this website. You can also sign up for our monthly newsletter which contains the fund fact sheets, as well as the latest news, views and commentary from our analysts.

Until recently, our Funds were required to pass on 100% of the taxable income to investors each financial year in the form of a cash distribution. From 2017, the Funds will adopt the Attribution Managed Investment Trust (AMIT) regime. Under this new regime, Funds must continue to attribute taxable income to investors but can vary the cash distribution amount. We expect to continue making cash distributions which are approximately in line with the taxable income to be attributed.

Both the Allan Gray Australia Equity Fund and the Balanced Fund only make distributions once a year at the end of the financial year.

The Allan Gray Australia Stable Fund makes a distribution at the end of each calendar quarter.

You can choose to:

  • have your distribution paid in cash if you have an Australian bank account
  • reinvest your distribution in the same Fund, or
  • use a combination of the two options.

Yes, you will need to pay tax on the distribution and declare the taxable amounts you received as part of your annual tax return. From a tax perspective, your choice to reinvest the distribution is irrelevant.

Allan Gray Australia Equity Fund (Class A)

  • ISIN: AU60ETL00600
  • APIR: ETL0060AU

Allan Gray Australia Equity Fund (Class B)

  • ISIN: AU60ETL03497
  • APIR: ETL0349AU

Allan Gray Australia Balanced Fund

  • ISIN: AU60ETL46546
  • APIR: ETL4654AU

Allan Gray Australia Stable Fund

  • ISIN: AU60ETL02739
  • APIR: ETL0273AU

Allan Gray Australia became a signatory to the UNPRI in July 2018. For more information, please read our statement on Responsible Investing.