Equity Trustees Limited as the Responsible Entity of the Allan Gray Australia Equity Fund, Allan Gray Australia Stable Fund and Allan Gray Australia Balanced Fund (the funds) has reviewed the fees and costs disclosed in the respective Product Disclosure Statements, following their issue on 1 July 2017.

Equity Trustees Limited considers that the fees and costs disclosed in these documents, including the annual example of fees and costs, continue to be appropriate when taking a view of the fees and costs that are estimated to apply in the future and over the investment term of the products.

Allan Gray Australia Equity Fund Class B Notice of Fee Change - March 2025