Legal information

Allan Gray (Botswana) Proprietary Limited is licensed to operate as a securities institution carrying out the business of an asset manager.

Your use of our website and email services (such as the receipt via email of factsheets, periodic reports and/or price and performance information) is subject to you accepting and complying with our terms of use. By using our website or email services, you agree with and accept all of our terms of use.

Securities Act 26 of 2014

Allan Gray (Botswana) Proprietary Limited (‘Allan Gray’) is licensed and regulated by the Non-Bank Financial Institutions Regulatory Authority to operate as a securities institution carrying out the business of an asset manager under section 4(1) of the Securities Act 26 of 2014. All references to ‘Allan Gray’ include Allan Gray (Botswana) Proprietary Limited, its holding company Allan Gray Group Proprietary Limited as well as all other entities within the Allan Gray group of companies as the context indicates. Allan Gray is not authorised to and does not provide financial advice. No information contained on this website should be construed, or relied upon, as advice. If you require financial and/or investment advice, please engage the services of an independent financial adviser.l

Ownership and copyright

This website and its content are owned by Allan Gray and/or its licensors and are protected by copyright and other intellectual property laws. All rights not expressly granted are reserved. Any unauthorised copying, reproduction, retransmission, distribution, dissemination, sale, publication, broadcast or other circulation, or exploitation of this material will constitute an infringement of such protection. The copyright in all material vesting in Allan Gray published on this website shall continue to vest in Allan Gray. Without detracting from the above, Allan Gray authorises you to view, copy, download, print and distribute the content of this website, provided the content is used only for your information, non-commercial and private purposes. You are expressly prohibited from incorporating any proprietary material of Allan Gray and/or its licensors taken from this website in any other work, publication or website either of your own or belonging to any third party. The trademarks, logos and service marks ('marks') displayed on this website are registered and/or in the process of being registered. Nothing contained on this website or in the content or information provided should be construed as granting any licence or right to use any of the marks without the prior written permission of the owner and no right, title or interest in any proprietary material contained on this website is granted to you.

Content

The information and content (collectively 'information') accessible through this website is provided by Allan Gray as general information about Allan Gray and its products and services. Allan Gray does not guarantee the suitability or potential value of any information or particular investment source. No information in this website is intended to provide nor does it constitute financial, tax, legal, investment or other advice. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. It is recommended that you consult an independent financial adviser regarding your specific situation if you require financial and/or investment advice. Nothing contained in any service or any other content on this website constitutes a solicitation, recommendation, endorsement or offer by Allan Gray; it is merely an invitation to do business.

Email legal notice

For our email legal notice, click here.

Privacy policy

For details about the Allan Gray privacy statement, click here.

Complaints procedure

For details about our complaints procedure, click here.

Conflict of interest management policy

For details about our conflict of interest management policy, click here.

Allan Gray Online

For our terms and conditions relating to the secure section of our website, click here. For some tips on how to improve your online security, click here.

Site requirements

For recommendations on settings and software when accessing our website, click here.

Important information

The content on this website and the information contained therein are made available to you 'as is' and 'as available'. Allan Gray has taken and will continue to take care that all information provided on this website is true and correct, in so far as this is under Allan Gray’s control. However, Allan Gray does not warrant that this website, the content provided or information contained therein will be error-free or will meet any particular criteria of accuracy, completeness or reliability of information, performance or quality and disclaims any liability for, any loss, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon any information, links or service provided through this website. Although Allan Gray has taken reasonable measures to ensure the integrity of this website, including the content provided and the information contained therein. There is no warranty of any kind, expressed or implied, made by Allan Gray regarding the information or aspect of any service provided. Any warranty implied by law is hereby excluded except to the extent that such exclusion would be unlawful.

Allan Gray reserves the right to suspend, terminate or modify this website, email services or these terms of use at any time without notice. Any changes will appear in this document, which you can access at Legal information. If you use this website after the changed terms of use have been posted, you will be deemed to have accepted the changed terms of use.

Performance

Performance figures are for lump sum investments with income distributions reinvested. Actual investor performance may differ as a result of the investment date, the date of reinvestment and dividend withholding tax. Movements in exchange rates may also be the cause of the value of underlying international investments going up or down. Certain unit trusts have more than one class of units and these are subject to different fees and charges. Past performance is not indicative of future performance. No guarantee is provided regarding capital or performance.

Figures in reports may not add up due to rounding of decimals.

The Facilities Agent

The Facilities Agent for the funds in Botswana is Allan Gray (Botswana) Proprietary Limited at 2nd Floor, Building 2, Plot 54354, Central Square, New CBD, Gaborone, Botswana where investors can obtain a prospectus and the latest financial reports. Allan Gray Botswana is regulated by the Non-Bank Financial Institutions Regulatory Authority.

Index disclaimers

FTSE/JSE Indices

The FTSE/JSE All Share Index is calculated by FTSE International Limited (‘FTSE’) in conjunction with the JSE Limited (‘JSE’) in accordance with standard criteria. The FTSE/JSE All Share Index is the proprietary information of FTSE and the JSE. All copyright subsisting in the FTSE/JSE All Share Index values and constituent lists vests in FTSE and the JSE jointly. All their rights are reserved.

FTSE Russell Indices

Source: London Stock Exchange Group plc and its group undertakings (collectively, the ‘LSE Group’). © LSE Group 2024. FTSE Russell is a trading name of certain of the LSE Group companies. ‘FTSE®’ ‘Russell®’, ‘FTSE Russell®’, is /are a trade mark(s) of the relevant LSE Group companies and is/are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

J.P. Morgan Indices

Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval. Copyright 2024, J.P. Morgan Chase & Co. All rights reserved.

MSCI Index

Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Copyright MSCI 2024. Unpublished. All Rights Reserved. This information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used to create any financial instruments or products or any indexes. None of this information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. This information is provided on an 'as is' basis and the user of this information assumes the entire risk of any use it may make or permit to be made of this information. Neither MSCI, any or its affiliates or any other person involved in or related to compiling, computing or creating this information makes any express or implied warranties or representations with respect to such information or the results to be obtained by the use thereof, and MSCI, its affiliates and each such other person hereby expressly disclaim all warranties (including, without limitation, all warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any other person involved in or related to compiling, computing or creating this information have any liability for any direct, indirect, special, incidental, punitive, consequential or any other damages (including, without limitation, lost profits) even if notified of, or if it might otherwise have anticipated, the possibility of such damages.

Governing law

The content contained on this website will be interpreted and implemented in accordance with the laws of Botswana.

Company details

Allan Gray (Botswana) Proprietary Limited (Registration no: BW00000846588 and License Certificate No: NBFIRA 10/3/1)
2nd Floor Building 2
Central Square
New CBD
Gaborone
Botswana

Directors: R S Carter BBusSc FIA FASSA (South African)*, G Mosinyi*, T Motshubi, P Ncube

*(Non-executive)

For further information, please email allangraybotswana@allangray.co.bw.

Your use of our email services (such as the receipt via email of factsheets, minimum disclosure documents, periodic reports and/or price and performance information) is subject to your acceptance of and compliance with our terms of use. By using our website or email services, you agree and accept all of our terms of use.

Securities Act 26 of 2014

Allan Gray (Botswana) Proprietary Limited (‘Allan Gray’) is licensed and regulated by the Non-Bank Financial Institutions Regulatory Authority to operate as a securities institution carrying out the business of an asset manager under section 4(1) of the Securities Act 26 of 2014. All references to ‘Allan Gray’ include Allan Gray (Botswana) Proprietary Limited, its holding company Allan Gray Group Proprietary Limited as well as all other entities within the Allan Gray group of companies as the context indicates. Allan Gray is not authorised to and does not provide financial advice. No information contained in this email communication, including attachments, should be construed, or relied upon, as advice. If you require financial and/or investment advice, please engage the services of an independent financial adviser.

Confidentiality warning

The contents of this email and any accompanying documentation are confidential and may be subject to legal privilege and client confidentiality. Any use thereof, in whatever form, by anyone other than the addressee is strictly prohibited. If you are not the intended recipient of this email or fax, kindly notify the sender by return email, fax or phone call, as well as deleting it from your system and/or device. You may not copy this email or disclose its contents to any other person, without Allan Gray’s express written consent.

Ownership and copyright

The content of this email and any accompanying documentation relating to Allan Gray and its subsidiaries and affiliates are owned by Allan Gray and are protected by copyright and other intellectual property laws. All rights not expressly granted are reserved. Any unauthorised copying, reproduction, retransmission, distribution, dissemination, sale, publication, broadcast or other circulation, or exploitation of this material will constitute an infringement of such protection. Without detracting from the above, Allan Gray hereby authorises you to view, download, print and distribute the content of this email and any accompanying documents, provided the content is used only for your information, non-commercial and private purposes.

The copyright in all material vesting in Allan Gray provided through email services shall continue to vest in Allan Gray. You are expressly prohibited from incorporating any proprietary material of Allan Gray and/or its licensors taken from this email in any other work, publication, email or website either of your own or belonging to any third party. The trademarks, logos and service marks (‘marks’) displayed in this email or accompanying documents are registered and/or in the process of being registered. Nothing contained in this email should be construed as granting any licence or right to use any of the marks without the prior written permission of the owner and no right, title or interest in any proprietary material contained in this email is granted to you.

Electronic communications

By communicating with Allan Gray through electronic means, you consent to receiving communications electronically and agree that all agreements, notices, disclosures and all other communications transmitted by electronic means satisfy any legal requirement, including but not limited to the requirement that such communication should be in writing. Unless otherwise agreed, an email is only considered to be received by Allan Gray has once Allan Gray has confirmed receipt; and an email is only considered to be sent by Allan Gray once reflected as 'sent' on the Allan Gray email server.

Important information

Allan Gray has taken and will continue to take care that all information provided in this email is true and correct, in so far as this is under Allan Gray’s control. However, Allan Gray does not warrant that this email, the content provided or information contained therein will be error-free or will meet any particular criteria of accuracy, completeness or reliability of information, performance or quality and disclaims any liability for, any loss, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon any information, links or service provided through this email. Furthermore Allan Gray shall not be liable if any variation is made to any document or correspondence emailed unless the variation has been approved by the sender. Allan Gray cannot and will not be held liable for any harm or loss resulting from viruses in this email or accompanying documents, including data corruption resulting therefrom. Allan Gray disclaims liability or legal responsibility for the non-delivery or incorrect delivery for whatever reason of the contents of this email, its effect on electronic devices or its transmission in an unencrypted medium.

Although Allan Gray has taken reasonable measures to ensure the integrity of this email, including the content provided and the information included, there is no warranty of any kind, expressed or implied made by Allan Gray, regarding the information or any aspect of any service provided. Any warranty implied by law is hereby excluded except to the extent that such exclusion would be unlawful.

Allan Gray reserves the right to suspend, terminate or modify the email services or these terms of use at any time without notice. Any changes will appear in this document, which you can access at any time at Email Legal Notice. If you use the email services after the changed terms of use have been posted, the changed terms of use will be considered as accepted by you.

Personal use by employees

Allan Gray is not able to distinguish between business and personal emails. Users who make use of Allan Gray's email system do so at their own risk and accept responsibility for any actions or consequences that arise from such personal use. Any views or opinions expressed in such emails are those of the individual sender and do not create obligations on or represent any commitment by Allan Gray. If you are unsure of the content or information contained in an email, it is advised that you seek written confirmation from Allan Gray before relying on the content and/or information. If this email contains offensive, derogatory or defamatory statements or materials, it means the email has been sent outside the sender's scope of employment with Allan Gray and therefore only the sender can be held liable in his/her personal capacity.

Interception and monitoring

Users who make use of Allan Gray's email system do so at their own risk and accept responsibility for any actions and consequences that arise from use. In general terms, Allan Gray does not engage in blanket monitoring of communications. Allan Gray does however reserve the right at any time and without notice to intercept and monitor communications and stored files sent or received over or stored on Allan Gray's information and communications systems, provided that such monitoring and interception is: performed by an Allan Gray representative properly authorised by Allan Gray; for a lawful purposes; and strictly in accordance with Allan Gray's Monitoring Policy and Procedures.