GSF Lux SICAV

European Equity

Morningstar Rating™

3
8
EU SFDR
E
Enhanced Integration

Latest NAV Price

630.0000
30 November 2023

NAV daily change %

-0.33

Dealing currency

USD

Fund size

USD 460.25 M
31 October 2023

Latest NAV Price

630.0000
30 November 2023

NAV daily change %

-0.33

Dealing currency

USD

Fund size

USD 460.25 M
31 October 2023

Objective

Investment objective summary

  • The Fund aims to achieve long-term capital growth primarily through investment in companies either listed and/or domiciled in Europe, or established outside of Europe but carrying out a significant portion of their business activities in Europe.
      • The Fund promotes environmental and social characteristics in line with Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR). The Fund will not invest in certain sectors or investments. Over time, the Investment Manager may, in accordance with the Fund’s investment policy, apply additional exclusions to be disclosed on the website, as they are implemented.
      Ben Lambert
      Portfolio Manager
      Ben is a co-portfolio manager for the 4Factor European equity strategies at Ninety One based in...

      Performance & returns

      Key facts

      • Domicile

        Luxembourg
      • ISIN

        LU0345777659
      • Risk profile

        5
      • SEDOL

        B2PT083
      • CUSIP

        L54481715
      • Bloomberg code

        GUIEURI LX
      • Benchmark

        MSCI Europe Net Return (MSCI Europe ex UK Net Return pre 30/11/2012)
      • Morningstar category sector

        Europe Large-Cap Blend Equity
      • Fund inception date

        25/01/1985
      • Share class inception date

        25/01/1985
      • Minimum investment

        USD3,000 / equivalent approved currency
      • Valuation point

        16:00 New York Time (forward pricing)
      • EU SFDR

        Article 8
      • Ninety One Sustainability Classification

        Enhanced Integration

      Literature

      Portfolio & Holdings

      Date as of 31/10/2023
      Index
      Fund
      United Kingdom
      23.5
      France
      18.5
      Germany
      12.7
      Italy
      4.1
      Netherlands
      6.7
      Denmark
      5.2
      Sweden
      4.7
      Ireland
      0.8
      Spain
      4.0
      Norway
      1.1
      Austria
      0.3
      United States
      Belgium
      1.5
      Finland
      1.3
      Portugal
      0.3
      Switzerland
      15.1
      Cash

      Charges

      Maximum initial charge %

      5.00

      Ongoing charge %

      1.94
      The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.

      Specific fund risks

      Currency exchange

      Changes in the relative values of different currencies may adversely affect the value of investments and any related income.

      Derivatives

      The use of derivatives is not intended to increase the overall level of risk. However, the use of derivatives may still lead to large changes in value and includes the potential for large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss.

      Equity investment

      The value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. insolvency), the owners of their equity rank last in terms of any financial payment from that company.

      Geographic / Sector

      Investments may be primarily concentrated in specific countries, geographical regions and/or industry sectors. This may mean that, in certain market conditions, the value of the portfolio may decrease whilst more broadly-invested portfolios might grow.

      Distributions and Yields

      Most recent distribution payments
      Distribution amount
      USD3.8548
      Ex-distribution date
      03 January 2023
      Payable date
      20 January 2023
      Yield data as of 31/10/2023
      Yield %
      0.68

      All information and opinions provided are of a general nature and are not intended to address the circumstances of any particular individual or entity. We are not acting and do not purport to act in any way as an adviser or in a fiduciary capacity. No one should act upon such information or opinion without appropriate professional advice after a thorough examination of a particular situation. We endeavour to provide accurate and timely information but we make no representation or warranty, express or implied, with respect to the correctness, accuracy or completeness of the information and opinions. We do not undertake to update, modify or amend the information on a frequent basis or to advise any person if such information subsequently becomes inaccurate. Any representation or opinion is provided for information purposes only. The prospectus of this fund may be acquired free of charge, from Ninety One Fund Managers Botswana (Pty) Ltd, Unit 5, Plot 64511, Fairgrounds, Gaborone, Botswana.

      The value of this investment may go down as well as up and the return on the investment will therefore necessarily be variable. Neither past experience nor the current situation are necessarily accurate guides to the future. Ninety One Fund Managers Botswana (Pty) Ltd is regulated by the Non-Bank Financial Institutions Regulatory Authority. The TER shows the percentage of the average Net Asset Value of the portfolio that was incurred as charges, levies and fees relating to the management of the portfolio. A higher TER ratio does not necessarily imply poor return, nor does a low TER imply a good return. The current TER cannot be regarded as an indication of the future TERs.

      Offshore funds are sub-funds in the Ninety One Global Strategy Fund, 49 Avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg.

      Performance data source: © Morningstar.
      BT unit trust: NAV to NAV net of fees with income reinvested.
      GSF funds: NAV based, (net of fees, excluding initial charges), total return, in the share class dealing currency. Performance would be lower had initial charges been included.

      For a full description of the Morningstar rating for funds, please see the attached guide. A rating is not a recommendation to buy, sell or hold a fund.

      The overall rating for a fund, often called the ‘star rating’, is a third party rating derived from a quantitative methodology that rates funds based on an enhanced Morningstar™ Risk-Adjusted Return measure. ‘Star ratings’ run from 1 star (lowest) to 5 stars (highest) and are reviewed at the end of every calendar month. The various funds are ranked by their Morningstar™ Risk-Adjusted Return scores and relevant stars are assigned. It is important to note that individual shareclasses of each fund are evaluated separately and their ratings may differ depending on the launch date, fees and expenses relevant to the shareclass. In order to achieve a rating the share class of a fund must have a minimum three-year performance track record.

      The portfolio may change significantly over a short period of time. This is not a buy or sell recommendation for any particular security. Figures may not always sum to 100 due to rounding. 

      For an explanation of statistical terms, please see our glossary.