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Allan Gray-Orbis Global Optimal Fund of Funds Summary Fact Sheet
Global--Multi Asset--Low Equity

 
Technical Overview
Formation Date: 2 Mar 2010
Holdings: 4
Original Price: n/a
Pricing System: Forward
 
Price (A - Class)
 
Management
 Orbis Investment Management Ltd.
 
Duncan Artus, B Bus Sc (Hons), PGDA, CFA, CMT
Duncan joined Allan Gray in 2001 as an equity analyst after completing his Honours in Business Science and post graduate diploma in Accounting at the University of Cape Town. He is a CFA charter holder and was appointed a trainee portfolio manager in January 2003.
As of 1 January 2005, Duncan was promoted to the position of portfolio manager and will be managing a portion of the balanced and equity portfolios of the segregated and life clients.
 
Ranking
Sector: Global-Multi Asset-Low Equity
Fund Size: R1 015 958 879 (as at 31 Mar 2019)
Sector Rank: 11 out of 11
(lump sum over 1 years to 30 Jun 2019)
Overall Rank: 1251 out of 1262
(lump sum over 1 years to 30 Jun 2019)
R1000 invested on 30 Jun 2018 was worth R895.81 on 30 Jun 2019 (-10.42% annual compound return)
R100 per month since 30 Jun 2018 was worth R1 129.24 on 30 Jun 2019 (-11.27% annual return compounded monthly)
 
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
   
Focus and Objective
The Fund invests in a mix of absolute return funds managed by Allan Gray's offshore investment partner, Orbis Investment Management Limited. The typical net equity exposure of the Fund is between 0% and 20%. 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 a foreign equity or balanced fund. Although the Fund is fully invested outside South Africa, the units in the Fund are priced and traded daily in rands. When considered in rands, returns of this foreign fund are likely to be more volatile than domestic funds with similar equity constraints.
 
Latest Fund Manager Comment / News
Allan Gray-Orbis Glbl Optimal FoF comment - Mar 19
In previous Optimal commentaries, we have discussed the phenomenon of herding in which a  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 31 Mar 2019
Share No Units Value (Rm) % of Fund
O-ORBOPTU 2 965 088 622.37 61.26%
O-ORBOPTE 1 773 967 385.43 37.94%
Totals   1 007.80 99.20%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 2019
Click here for complete portfolio for this fund.
 
Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
Click here for fees and charges for this fund.
 
Sectoral Information
Click here for Sectoral Information for this fund.
 


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