Welcome to Allan Gray Australia.
We want to ensure you get the right experience for you.
Individual Investors
Discover the Allan Gray difference. Learn more about our Funds including performance and download offer documents.
Financial Advisers
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.
Risk Measures
The risk measure is the guide as to the likely number of negative annual returns each fund may experience over any 20 year period. As the funds do not have a 20 year history we have decided to look at the performance of proxy indices over the previous approximately 20 year period.
Where appropriate, we have chosen the All Ordinaries Index and other appropriate proxies, rather than each fund’s benchmark alone (S&P/ASX 300 index for the Equity Fund, Reserve Bank cash rate for the Stable Fund and the custom index for the Balanced Fund), because each fund’s investment universe may not be confined to the constituents of its benchmark index. For example, in respect of the Equity Fund, the market capitalisation of the companies included in the All Ordinaries Index amounts to over 95% of the value of all shares listed on the ASX.
We then looked at the proportion of negative years in the previous approximately 20 year period, adjusted to take into account each fund’s investments class (for the Equity Fund, this is predominantly ASX Listed Securities, for the Stable Fund, it is a mixture of cash and ASX Listed Securities and for the Balanced Fund it is a mixture of global and domestic equities, fixed income and commodity-linked investments). We then assigned a risk rating to each fund based on the following seven categories provided for in the Standard Risk Measure guidance issued jointly by AFSA and the FSC in July 2011.
| Risk Band | Risk Label | Estimated Number Of Negative Annual Returns Over Any 20 Year Period |
| 1 | Very Low | Less than 0.5 |
| 2 | Low | 0.5 to less than 1 |
| 3 | Low to Medium | 1 to less than 2 |
| 4 | Medium | 2 to less than 3 |
| 5 | Medium to High | 3 to less than 4 |
| 6 | High | 4 to less than 6 |
| 7 | Very High | 6 or greater |
The history of risk measures
For the 2023/2024 financial year the risk measure for the Allan Gray Australia Funds are as follows:
- Allan Gray Australia Equity Fund – High
- Allan Gray Australia Balanced Fund – Medium to High
- Allan Gray Australia Stable Fund – Low to Medium.
For the 2022/2023 financial year the risk measure for the Allan Gray Australia Funds are as follows:
- Allan Gray Australia Equity Fund – High
- Allan Gray Australia Balanced Fund – Medium to High
- Allan Gray Australia Stable Fund – Low to Medium