GSF Lux SICAV

Global Strategic Managed

Morningstar Rating™

3
EI
ESG Integration

Latest NAV Price

64.2000
21 September 2023

NAV daily change %

-1.26

Dealing currency

USD

Fund size

USD 1.03 B
31 August 2023

Latest NAV Price

64.2000
21 September 2023

NAV daily change %

-1.26

Dealing currency

USD

Fund size

USD 1.03 B
31 August 2023

Objective

Investment objective summary

  • The Fund aims to provide long-term income and capital growth through investment in a diversified and actively managed portfolio consisting of any combination of cash instruments, fixed income securities, convertible securities, equity securities, and derivatives on an international basis. Normally, the maximum equity content will be limited to 75% of the Fund.
Iain Cunningham
Portfolio Manager
Iain is Head of Multi-Asset Growth at Ninety One. He is also co-portfolio manager for the...
Michael Spinks
Portfolio Manager
Michael is a portfolio manager at Ninety One, He is also co-portfolio manager for the Multi-Asset...

Performance & returns

Key facts

  • Domicile

    Luxembourg
  • ISIN

    LU0345768740
  • Risk profile

    4
  • SEDOL

    B2PT3S4
  • CUSIP

    L5447M736
  • Bloomberg code

    GUIGBGI LX
  • Benchmark

    60% MSCI AC World Net Return, 40% FTSE WGBI (60% MSCI World Net Return, 40% FTSE WGBI pre 31/12/2010, 50% MSCI World Net Return, 50% FTSE WGBI pre 30/06/2005)
  • Morningstar category sector

    USD Moderate Allocation
  • Fund inception date

    06/02/1995
  • Share class inception date

    06/02/1995
  • Minimum investment

    USD3,000 / equivalent approved currency
  • Valuation point

    16:00 New York Time (forward pricing)
  • Ninety One Sustainability Classification

    ESG Integration

Portfolio & Holdings

Date as of 31/08/2023
Australia Government Bond 2.75 May 21 41
7.0
New Zealand Government Bond 1.75 May 15 41
6.0
Korea Treasury Bond 4.25 Dec 10 32
3.1
Canadian Government Bond 1.75 Dec 01 53
3.0
Bundesrepublik Deutschland Bun Feb 15 32
1.1
Mexico Government International 3.5 Feb 12 34
0.8
Chile Government International 2.55 Jul 27 33
0.8
Brazilian Government International 4.625 Jan 13 28
0.7
Republic of South Africa 8.875 Feb 28 35
0.5
Peruvian Government International 3 Jan 15 34
0.4

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.

Default

There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss.

Derivatives

The use of derivatives may increase overall risk by magnifying the effect of both gains and losses leading to large changes in value and potentially large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss.

Emerging market (inc. China)

These markets carry a higher risk of financial loss than more developed markets as they may have less developed legal, political, economic or other systems.

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.

Government securities exposure

The Fund may invest more than 35% of its assets in securities issued or guaranteed by a permitted sovereign entity, as defined in the definitions section of the Fund’s prospectus.

Interest rate

The value of fixed income investments (e.g. bonds) tends to decrease when interest rates rise.

Distributions and Yields

Most recent distribution payments
Distribution amount
USD0.1442
Declaration Date
31 December 2019
Ex-distribution date
02 January 2020
Payable date
15 January 2020
Yield data as of 31/08/2023
Yield %
0.00

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.