july 2006 70 year old male r458 000 invested in allan gray living annuity 30% into allan gray...

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July 2006 70 year old male R458 000 Invested in Allan Gray Living Annuity 30% into Allan Gray Balanced Fund Income drawn: 7% per year Actual investor example 40% into Allan Gray Equity Fund 30% into Allan Gray Stable Fund

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Page 1: July 2006 70 year old male R458 000 Invested in Allan Gray Living Annuity 30% into Allan Gray Balanced Fund Income drawn: 7% per year Actual investor example

July 2006

70 year old male

R458 000 Invested in Allan Gray Living Annuity

30% intoAllan Gray Balanced Fund

Income drawn:7% per year

Actual investor example

40% intoAllan Gray Equity Fund

30% intoAllan Gray Stable Fund

Page 2: July 2006 70 year old male R458 000 Invested in Allan Gray Living Annuity 30% into Allan Gray Balanced Fund Income drawn: 7% per year Actual investor example

Actual investor example

21 December 200644% in Balanced56% in Equity

12 October 2007100% in Equity

11 February 2008100% in Money Market

26 May 200861% in Equity39% in Money Market

9 October 2008100% in Money Market

21 July 200947% in Balanced53% in Equity

22 April 201025% in Balanced75% in Equity

5 July 2006Initial investment40% in Equity30% in Balanced30%in Stable

Source: Inet Bridge

28 November 201123% in Balanced77% in Equity

Page 3: July 2006 70 year old male R458 000 Invested in Allan Gray Living Annuity 30% into Allan Gray Balanced Fund Income drawn: 7% per year Actual investor example

28 November 2011

His actual portfolio

Allan Gray Balanced Fund 23%R104 520

Total R447 640

Actual investor example

Allan Gray Equity Fund 77%R343 120

Allan Gray Balanced Fund 29.9%R152 126

Total R508 436

Allan Gray Equity Fund 42.0%R213 383

Allan Gray Stable Fund 28.1%R142 927

If he kept the original asset allocation and done nothing through the whole period his

portfolio would be

13.6% higher portfolio

Page 4: July 2006 70 year old male R458 000 Invested in Allan Gray Living Annuity 30% into Allan Gray Balanced Fund Income drawn: 7% per year Actual investor example

28 November 2011

His actual portfolio

Total R447 640

Actual investor example

Allan Gray Balanced FundR500 198

11.7% Higher

Allan Gray Equity FundR535 510

19.6% Higher

Allan Gray Stable FundR461 641

3.1% Higher

If he invested the entire initial lump sum into any one of the Equity, Balanced or Stable funds, his investment account would have been