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Allan Gray Balanced Fund - sanlam.com

Allan Gray Balanced FundFund managers: Andrew Lapping, Duncan Artus, Jacques Plaut, Ruan Stander(Most foreign assets are invested in Orbis funds). Inception date: 1 July 2013C Class 31 December 20181/4 Performance net of all fees and expensesFund description and summary of investment policyThe fund invests in a mix of shares, bonds, property, commodities and cash. The fund can invest a maximum of 30% offshore, with an additional 10% allowed for investments in Africa outside of South Africa. The fund typically invests the bulk of its foreign allowance in a mix of funds managed by Orbis Investment Management Limited, our offshore investment partner.

Allan Gray Balanced Fund Fund managers: ܧó® a ¡ò ® Ü¿®ÂÚ®ó i s Inception date: C Class 30 June 2018 1/4 Fund description and summary of investment policy Performance net of all fees and expenses

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