Allan Gray-Orbis Global Equity Feeder AMETF · JSE:AGOGE
Allan Gray-Orbis Global Equity Feeder AMETF — Allan Gray — Corporate Update (May 2021)
15 slides from Allan Gray-Orbis Global Equity Feeder AMETF's corporate update, May 2021
Slide 1: Allan Gray business update May 2021
Allan Gray business update May 2021 Allan Gray Proprietary Limited is an authorised financial services provider. © Allan Gray 2021 1
Slide 2: Agenda
Agenda Platform and digital transacting update Offshore platform admin fee changes Offshore platform developments Allan Gray Proprietary Limited is an authorised financial services provider. © Allan Gray 2021 2
Slide 3: Platform and digital transacting update
Platform and digital transacting update Completed Upcoming ▪ Model portfolio functionality launch ▪ Supporting compliant transacting ▪ Focus on digital and paperless ▪ Enhancing bulk reporting transacting ▪ Enhancing practice level reporting ▪ Launch of new enhanced transaction screens Allan Gray Pr
Slide 4: Digital client approval
Digital client approval ▪ 87% approved within one day Turnaround times much quicker ▪ 53% approved within one hour than paper-based transacting ▪ 30% approved within 10 minutes Age distribution of clients using digital authorisation 25% 23% 20% 19% 16% 17% Suitable for clients of all ages 15% 11% 10
Slide 5: Agenda
Agenda Platform and digital transacting update Offshore platform admin fee changes Offshore platform developments Allan Gray Proprietary Limited is an authorised financial services provider. © Allan Gray 2021 5
Slide 6: Old vs. new fees
Old vs. new fees 3Rd party offshore funds Fees applied for the: Old New First US$200 000 on the offshore platform 0.5% 0.5% Amount between US$200 000 and US$400 000 0.5% 0.2% Amount between US$400 000 and US$1m 0.2% 0.2% Amount above US$1m 0.2% 0.1% Orbis and Allan Gray funds* Fees applied for the:
Slide 7: Old vs. new fees (3rd party funds)
Old vs. new fees (3rd party funds) 1.0% 0.9% Admin fee reduced by ~30% from 0.58% to 0.8% 0.40% 0.7% Admin fee reduced by Fee p.a. (incl. VAT) ~19% from 0.37% to Admin fee reduced by 0.6% 0.30% ~31% from 0.30% to 0.21% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2
Slide 8: Old vs. new fees (Orbis and Allan Gray)
Old vs. new fees (Orbis and Allan Gray) 1.0% 0.9% Effective admin fee p.a. (incl. VAT) 0.8% 0.7% Admin fee reduced by Admin fee reduced by ~13% from 0.35% to ~31% from 0.30% to 0.6% 0.21% 0.30% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8
Slide 9: Old vs. new effective admin fee – 70% 3rd party, 30% Orbis
Old vs. new effective admin fee – 70% 3rd party, 30% Orbis 1.0% 0.9% Effective admin fee p.a. (incl. VAT) 0.8% Effective admin fee 0.7% reduced by ~29% from 0.42% to 0.6% 0.30% Effective admin fee reduced by ~23% 0.5% from 0.27% to Effective admin fee 0.21% reduced by ~44% 0.4% from 0.21% to 0.12% 0
Slide 10: Agenda
Agenda Platform and digital transacting update Offshore platform admin fee changes Offshore platform developments Allan Gray Proprietary Limited is an authorised financial services provider. © Allan Gray 2019 10
Slide 11: Offshore platform developments
Offshore platform developments Completed Upcoming ▪ Rand lump sum minimums ▪ Offshore endowment ▪ Broadened range of third- party fund list ▪ Removed two days from redemption timeline Source: Allan Gray Proprietary Limited is an authorised financial services provider. © Allan Gray 2021 11
Slide 12: Thank you
Thank you Allan Gray Proprietary Limited is an authorised financial services provider. © Allan Gray 2021 12
Slide 13: Important information
Important information Copyright © 2021 Allan Gray Proprietary Limited. All rights reserved. The content and information may not be reproduced or distributed without the prior written consent of Allan Gray Proprietary Limited (Allan Gray). Information and content The information and content of this p
Slide 14: Important information
Important information Benchmarks FTSE/JSE All Share Index and FTSE/JSE All Bond Index The FTSE/JSE All Share Index and FTSE/JSE All Bond Index (the FTSE/JSE Indices) are calculated by FTSE International Limited (‘FTSE’) in conjunction with the JSE Limited (‘JSE’) in accordance with standard criteria
Slide 15: Important information
Important information Understanding the funds Investors must make sure that they understand the nature of their choice of funds and that their investment objectives are aligned with those of the Fund/s they select. The Allan Gray Equity, Balanced, Stable and rand-denominated offshore funds may inves