Latest News

1 May 2008

The 30 April 2008 Fact Sheets for all funds are available in pdf format here. If you would like to be sent an update of these each month by e-mail please register here.

23 April 2008

The 31 March 2008 Quarterly Reports are available in pdf format here. Originals will be sent to Members early next week. If you have not subscribed to receive the reports automatically by e-mail you may register by clicking here.

26 January 2008

The 31 December 2007 Annual Reports are available in pdf format here. Originals will be sent to Members early next week. If you have not subscribed to receive the reports automatically by e-mail you may register by clicking here.

Earlier News

22 October 2007

The 30 September 2007 Quarterly Reports are available in pdf format here. Originals will be sent to Members early next week. If you have not subscribed to receive the reports automatically by e-mail you may register by clicking here.

16 October 2007

For the fiscal year 2006, the UK HM Revenue & Customs has certified certain of the Orbis Funds as distributing funds for the purposes of Chapter V of Part XVII of the United Kingdom Income and Corporation Taxes Act 1988. For more information, please click here.

28 September 2007

The new transaction forms and Orbis Funds prospectuses are available here. The prospectuses are effective from 30 September 2007. You must use the new forms for all transactions in the Orbis Funds from 30 September 2007.

18 September 2007

New Forms will be required to transact in Orbis Funds from 28 September 2007. We have also written to all Orbis Fund members advising how the transition to Citigroup will affect them. Click here to view the letter sent to members who do not hold Orbis SICAV shares. Members holding Orbis SICAV shares will receive a similar letter, with additional notices specific to the Orbis SICAV.

31 January 2007

The 31 December 2006 Annual Reports are available in pdf format here. Originals will be sent to Members early next week. If you have not subscribed to receive the reports automatically by e-mail you may register by clicking here.

10 January 2007

Due to the Funds' administrators adopting a new banking platform, the Orbis Funds Subscriptions Accounts and Bank Currency Routing Information have changed. This change affects all Orbis Funds. We regret any resulting inconvenience to Members. The new account details and additional guidance on sending subscription monies are contained in new Orbis SWIFT Instructions which replace the former SWIFT/Telegraphic Transfer Authority. To access the new Orbis SWIFT Instructions, click here.

In addition, as a result of recent changes to European Union banking regulations, all future subscriptions payments to the Orbis SICAV Funds made in Euro or British Pounds and made by SWIFT transfer must include: (1) the International Bank Account Number (IBAN); and (2) the Bank Identifier Code (BIC), also known as the SWIFT address, of the Orbis Subscriptions Account. In order to receive redemption proceeds by SWIFT transfer in Euro or British Pounds to a bank account within the European Union, investors must include in their payment instructions (1) their IBAN; and (2) the BIC for their bank account. The Orbis SICAV Application Form and Orbis SICAV Redemption Form have been updated to include guidance on this new requirement. The new version of the Orbis SICAV Application Form also reflects changes required to comply with Luxembourg data protection laws and anti-money laundering rules. To access the new Orbis SICAV Application and Redemption Forms, click here.

29 November 2006

The November/December 2006 issue of the CFA Magazine features Allan Gray, the Chairman and founder of Orbis, as one of three trailblazing pioneers of the Certified Financial Analyst designation. To read the article about Allan, please click here.

16 March 2006

 IMPORTANT NOTICE. This is to advise you that the Orbis Funds are temporarily closed to new investors effective 17 March 2006. Current members in the Orbis Funds and those persons to whom we have existing commitments will still be able to invest in the Orbis Funds. For more information, click here.

27 January 2006

The 31 December 2005 Annual Reports are available in pdf format here. Originals will be sent to Members early next week. If you have not subscribed to receive the reports automatically by e-mail you may register by clicking here.

23 December 2005

Orbis is pleased to announce the launch of the Orbis Asia ex-Japan Equity Fund and yen versions of the Orbis Optimal and Leveraged Funds on 1 January 2006.

The Orbis Asia ex-Japan Equity Fund caters to investors who are seeking a portfolio that is fully invested in, and exposed to, Asian equities outside of Japan and who therefore accept exposure to trends and risks in those stockmarkets as well as the historically higher volatility inherent in them. Consistent with Orbis' investment approach, we are launching the Orbis Asia ex-Japan Equity Fund because our fundamental research leads us to conclude that carefully selected equities from this region offer sound long-term value at prevailing prices and are attractive when compared to other equities globally. Importantly however, in contrast to our launch of the Japan and Africa Equity Funds in 1998, we do not believe the short-term timing for the launch of this Fund is particularly opportune. Instead, we are excited about the long-term prospects for the Fund and believe it is better to accept not picking the bottom than to miss the rest of a long-term trend.

We are launching the yen versions of the Orbis Optimal and Leveraged Funds because we believe the yen is particularly attractive compared to other major currencies globally and without these Funds we, and possibly our clients, cannot position their investments in the Orbis Family of Funds accordingly. The Orbis Optimal (Yen) Fund will seek capital appreciation on a low risk global investment portfolio by investing substantially all of its assets in the Orbis Optimal (US$) Fund and hedging most or all of its currency exposure into Japanese yen. Similarly, the Orbis Leveraged (Yen) Fund will seek capital appreciation on a leveraged global investment portfolio by investing substantially all of its assets in the Orbis Leveraged (US$) Fund and hedging most or all of its currency exposure into Japanese yen.

The Funds are offered by prospectus only, copies of which may be obtained by clicking here. Investors interested in participating in the Orbis Asia ex-Japan Equity Fund at its launch must complete an application form and submit payment to the Fund’s Registrar or sub-paying agent no later than noon (Bermuda time) on 29 December 2005. The first day on which investors will be able to invest in the yen versions of the Orbis Optimal and Leveraged Funds is Thursday, 5 January 2006. We note that the ability to invest in the Orbis Asia ex-Japan Equity Fund on the 1 January launch is limited, and investors can invest on any subsequent dealing day, which will be every Thursday. In the event of an over-subscription on the launch date, every investor who submits a correctly completed application and payment by the cut-off time will be able to participate for at least the minimum $50,000 subscription amount and excess subscription monies will be returned to investors. Please contact us at servicedesk@orbisfunds.com if you wish to obtain more information.

18 October 2005

For the fiscal year 2004, the UK Inland Revenue has certified each of the Orbis Funds as a distributing fund for the purposes of Chapter V of Part XVII of the United Kingdom Income and Corporation Taxes Act 1988 . For more information, please click here.

7 June 2005

Investors are now able to access information about their holdings and transactions in the Orbis Funds. This service is being made available free of charge. To gain access, investors must first register for Orbis' Email Services. If you are already registered for Orbis' Email Services or if you wish to register so that you can gain access to your portfolio information, please click here. After you login to Orbis Online Services, you may view a sample of the information that is available on the new Portfolio Service by clicking on "My Portfolio" and you may register for the new service by clicking on "Portfolio Services Registration" and completing and submitting the online form.

5 April 2005

The Bermuda Monetary Authority (BMA) publishes on its website at www.bma.bm a warning list of entities that falsely claim some connection with Bermuda's financial services industry. It has come to our attention that one of those entities, Brabus Private Investment Club, is making unauthorised use of our funds' materials. The public is invited to e-mail the BMA at info@bma.bm with any other relevant information on Brabus or any other questionable entity claiming a Bermuda connection.

2 March 2005

A new service is being made available to shareholders in the Orbis Funds who wish to sell their shares to a third party rather than have them redeemed by the Orbis Funds. Click here for more information.

28 January 2005

The 31 December 2004 Annual Reports are available in pdf format here. Originals will be sent to Members early next week. If you have not subscribed to receive the reports automatically by e-mail you may register by clicking here.

31 October 2004

Effective today Orbis will seek to ensure that it complies with the United Kingdom Distance Marketing (Financial Services) Regulations 2004. In our case, the main consequence of compliance is that we are now required to deliver specified information on our funds to individual, European subscribers in good time before the subscription occurs. To facilitate those who should be receiving the required information, when current or prospective investors elect to download an application form they will receive as part of the downloaded document, a complete prospectus package including the supplemental disclosure required by the Distance Marketing Regulations

1 October 2004

As result of HSBC's acquisition of The Bank of Bermuda Limited in February 2004, the Registrar of Orbis SICAV, Bank of Bermuda (Luxembourg) S.A., has changed its name to HSBC Securities Services (Luxembourg) S.A. effective today. The registered address of Orbis SICAV and the Registrar has also changed to 40, avenue Monterey, L-2163 Luxembourg. Please note that Registrar's telephone numbers and SWIFT address remain the same.

27 January 2003

The 2002 Annual Reports are available in pdf format here. Originals will be posted to Members early next week.

1 January 2003

We are pleased to announce the launch of the Euro Class of the Japan Equity Fund of the Orbis SICAV. This Class seeks higher returns in euro than the Japanese stockmarket hedged into euro, without greater risk of loss. This Class invests in the same Japanese equities as the Orbis Japan Equity (Yen) Fund and hedges the resulting Japanese yen exposure into euro, with the result that the Class' returns are managed in euro. The Euro Class is designed for investors who measure their returns in euro and who wish to be invested in Japanese equities without being exposed to fluctuations in the yen-euro exchange rate. Please contact us at info@orbisfunds.com if you wish to obtain more information.

5 December 2002

The Orbis Japan Equity (Yen) Fund and the Orbis Japan Equity (US$) Fund have been redomiciled from the British Virgin Islands to Luxembourg and Bermuda, respectively.

24 January 2002

The 2001 Annual Reports are available in pdf format here. Originals will be posted to Members early next week.

17 August 2001

The August 20 issue of Forbes Global magazine features Orbis as the cover story. You may download a copy of the article in pdf format by clicking here.

23 January 2001

The 2000 Annual Reports are available in pdf here. Originals will be posted to Members early next week.