The dynamic duo – video
How we’re navigating markets and powering returns The Allan Gray Australia Balanced Fund continues to …
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Discover the Allan Gray difference. Learn more about our Funds including performance and download offer documents.
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The information contained in this section is for adviser and wholesale investor use only.
Retail Investors
The Allan Gray Australia Funds are available for investment by New Zealand retail clients.
To comply with New Zealand law, our website provides information only about Allan Gray Australia Funds. We do not provide advice to New Zealand retail clients.
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The website is primarily designed for Australian investors.
US persons are not generally permitted to invest in the Allan Gray Australia Funds. However, we will accept applications from US persons who are genuine residents of Australia, New Zealand or South Africa.
Balanced Fund from strength to strength
The Allan Gray Australia Balanced Fund has continued to deliver strong returns. In the five years to the end of April 2025, the Fund delivered 11.8% p.a – that’s 4.6% p.a. more than its benchmark* – but please note past performance can’t predict future performance.
We’re also absolutely delighted to announce that the Fund has just received a ratings upgrade to Recommended from Lonsec, making it eligible for inclusion in a wider range of APLs. Visit our How to Access Us page to see the wide range of platforms where the Fund is currently available. When reviewing the Balanced Fund, Lonsec said:
“The Fund has met its return objectives and is one of the top performers (in its Lonsec-determined peer group) from both absolute and risk-adjusted perspectives.” (Lonsec report, 28 April 2025). You can view Lonsec’s full report here.
A video not to be missed
Don’t miss the opportunity to hear directly from the Balanced Fund’s portfolio managers, Allan Gray Australia MD & CIO Simon Mawhinney and Orbis Director and Portfolio Manager Alec Cutler. This dynamic duo starts with a Fund overview, then from 7 to 11 minutes they get into portfolio positioning, how we’re navigating today’s tricky investment landscape and what’s been driving the Fund’s recent strong performance. Tune in to find out how we’re navigating markets and powering returns. Watch now.
More ways to use the Allan Gray Australia Balanced Fund
Many advisers are using our Balanced Fund either alongside or within a managed account structure to potentially drive better client outcomes. In our view, using multiple, multi-asset options is a viable alternative for advisers looking to diversify decision makers and bring in differing views. If you haven’t read our paper on how, you can scroll through our animated version here.
Our Balanced Fund can also be used as a whole-of-portfolio solution. It’s a powerful tool for advisers looking for a single, actively managed, multi-asset investment that offers diversification across equities, fixed income and commodity-linked investments — all within one fund.
To learn more
To learn more, please contact your local Business Development Manager, or our Client Services team on 1300 604 604 or at clientservices@allangray.com.au.
*The benchmark used by Allan Gray Australia Balanced Fund is a blend of the S&P/ASX 300 Accumulation Index (36%), S&P Australian Government Bond Index (24%), MSCI World Index with net dividends reinvested, expressed in AUD (24%) and JP Morgan Global Government Bond Index, expressed in AUD (16%). Returns are net of fees, include income, assume reinvestment of distributions and exclude any spreads that might be payable on transactions. Returns for periods of more than one year are annualised. Annualised returns show the average amount earned on an investment in the Fund each year over the given time period. The actual performance experienced by investors may differ as a result of the specific investment date, the date of reinvestment of income distributions, and withholding tax applied to income distributions.
The rating published on 04/2025 for Allan Gray Australia Balanced Fund is issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The ratings are not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved.
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Equity Trustees Limited ABN 46 004 031 298, AFSL No. 240975 is the responsible entity and issuer of units in the Allan Gray Australia Equity Fund ARSN 117 746 666, Allan Gray Australia Balanced Fund ARSN 615 145 974, and Allan Gray Australia Stable Fund ARSN 149 681 774 (Allan Gray Funds). Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). Allan Gray Australia Pty Limited ABN 48 112 316 168, AFSL No. 298487 is the investment manager of the Allan Gray Funds. Neither Allan Gray Australia Pty Limited, Equity Trustees Limited nor any of their related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it.
Past performance is not a reliable indicator of future performance. There are risks involved with investing and the value of your investments may fall as well as rise. This represents Allan Gray Australia Pty Limited’s views at a point in time and may provide reasoning or rationale on why we bought or sold a particular security for the Allan Gray Funds or our clients. We may take the opposite view/position from that stated, as our view may change. This insight is not an offer or recommendation, constitutes general advice or information only and not personal financial product, tax, legal, or investment advice. It does not take into account the specific investment objectives, financial situation or individual needs of any particular person and may not be appropriate for you. We have tried to ensure that the information here is accurate in all material respects, but cannot guarantee that it is.
You should consider the relevant Product Disclosure Statement (PDS) before acquiring, holding or disposing of units in an Allan Gray Fund. The PDSs, Target Market Determinations (TMDs) and Minimum Disclosure Documents for South African investors (MDDs) can be obtained from our Forms & Documents page. Each TMD sets out who an investment in the relevant Allan Gray or Orbis Funds might be appropriate for and the circumstances that trigger a review of the TMD.
Managed investment schemes are generally medium to long-term investments. They are traded at prevailing prices and the value of units may go down as well as up. There are risks with investing the Fund and there is no guarantee of repayment of capital or return on your investment. Subject to relevant disclosure documents, managed investments can engage in borrowing and securities lending. A schedule of fees and charges is available in the PDS.
