• INVESTMENT INVOLVES RISKS. The value of the Fund can be volatile and investors may not get back the amount originally invested. Past performance is not indicative of future results.
  • The Fund's investment in equity could be volatile and subject to high risk of loss.
  • The Fund is subject to risks, such as investment, currency, equities securities and Green/ESG investment policy risks.
  • The Fund's investments are concentrated in the environmental sector. The value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments. As such, the Fund may be more susceptible to different environmental factors such as government's decision relating to its environment-related policies.
  • The Fund may invest in derivatives for hedging and/or efficient portfolio management purposes which may include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. Exposure to derivatives may lead to a high risk of significant loss by the Fund.
  • In adverse situations, the Fund may suffer significant losses. It is possible that the original amount you invested could be lost.
  • Investors should not solely rely on this document to make investment decisions. Offering documents should be read for further details, including the risk factors.
GSF Lux SICAV

Global Environment

Morningstar Rating™

4
9
EU SFDR

Latest NAV Price

32.6900
29 September 2022

NAV daily change %

-2.16

Dealing currency

EUR

Fund size

EUR 1.06 B
31 August 2022

Latest NAV Price

32.6900
29 September 2022

NAV daily change %

-2.16

Dealing currency

EUR

Fund size

EUR 1.06 B
31 August 2022

Capturing the decarbonisation growth opportunity

Fund highlights

  • Investing in companies that are driving the low carbon transition
    The flow of capital into decarbonisation represents a multi-year structural growth opportunity

  • Bespoke universe unleashing growth potential
    A proprietary investment process which currently seeks opportunities in the renewable energy, electrification and resource efficiency sectors

  • The Fund is an SFC-authorised ESG fund
    The Fund will seek to invest at least 70% of its net asset value in companies which are considered as contributing to positive environmental change through sustainable decarbonisation.

  • Managed by an experienced team committed to environmental change
    The team has the specialist skillsets and deep knowledge of the moves toward decarbonization.

SFC authorization is not a recommendation or endorsement of a product nor does it guarantee the commercial merits of a product or its performance. It does not mean the product is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. The list of ESG funds does not constitute an official recommendation of these products or a guarantee of their ESG attributes or related performance by SFC.

Objective

Investment objective summary

The Fund aims to achieve total returns comprised of capital growth and income over long-term. The Fund’s environmental objective is to make sustainable investments that aim to contribute to positive environmental impact. It does this by investing in accordance with its investment policy in companies which are considered by the Investment Manager as contributing to positive environmental change through sustainable decarbonisation.

Deirdre Cooper
Portfolio Manager
Deirdre is Head of Sustainable Equity within the Multi-Asset team at Ninety One. Deirdre is a...
Graeme Baker
Portfolio Manager
Graeme is a portfolio manager in the Sustainable Equity team within the Multi-Asset team at Ninety...

Performance & returns

The value of investments, and any income generated from them, can fall as well as rise. Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested.

These figures show by how much the share class increased or decreased in value during the calendar year/performance periods being shown. Performance data has been calculated in share class currency, including ongoing charges and excluding subscription fee (initial charge) and redemption fee (if any) you might have to pay. If the currency shown differs from your home currency, returns may increase or decrease as a result of currency fluctuations. We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs.

Where no past performance is shown there was insufficient data available in that year to provide performance.

No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

Please refer to the “Key facts & Downloads” section below for the benchmark name and the inception date of the Fund and the share class.

Key facts

  • Domicile

    Luxembourg
  • ISIN

    LU1939256001
  • Bloomberg code

    INGEAAE LX
  • Benchmark

    MSCI AC World Net Return (MSCI Global Environment ex Software and Services ex Real Estate ex Mortgage REITs 10/40 Net Return pre 31/10/2019). The current benchmark is shown since inception.
  • Morningstar category sector

    Sector Equity Ecology
  • Fund inception date

    25/02/2019
  • Share class inception date

    25/02/2019
  • Minimum investment

    USD3,000 / equivalent approved currency
  • Valuation point

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

    Article 9

Literature

Portfolio & Holdings

Date as of 31/08/2022
Index
Fund
United States
61.8
Europe ex UK
11.3
China
3.6
Far East ex Japan
3.1
Emerging Markets
7.7
United Kingdom
3.7
Japan
5.5
Other
3.3
Cash

Charges

Maximum initial charge %

5.00

Annual management fee %

1.50

Certain of the SFC authorised funds within the GSF range are categorised as funds promoting environmental and/or social characteristics within the meaning of Article 8 of Regulation (EU) 2019/2088 on Sustainability-related Disclosures in the Financial Services Sector. For the avoidance of doubt, these SFC authorised funds are not environmental, social and governance funds in Hong Kong.

SFC authorization is not a recommendation or endorsement of a product nor does it guarantee the commercial merits of a product or its performance. It does not mean the product is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

The benchmark may vary. As such the performances of the “composite” benchmark may consist of a combination of the old benchmark prior to the change and the current benchmark post the change.

Investment involves risks. Past performance figures shown are not indicative of future performance.  Investors should read the offering documents of the fund for details, including the risk factors. This document and the company’s website have not been reviewed by the SFC. Issuer: Ninety One Hong Kong Limited.

Dividend is not guaranteed. The fund aims to make dividend payment to investors on a/an monthly/quarterly/semi-annually/annually basis. The Inc-2 and Inc-3 share classes may distribute dividends out of / effectively out of its capital. With regards to Inc-2 and Inc-3 share classes, the Board of Directors may at its discretion pay dividend out of gross income while charging all or part of the share class’s fees and expenses to the capital of the share class, resulting in an increase in distributable income for the payment of dividends by the share class and therefore, the share class may effectively pay dividend out of capital. Payment of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Sub-Fund’s capital or effectively out of the Sub-Fund’s capital may result in an immediate reduction of the net asset value per Share

Performances based on NAV to NAV, with dividend reinvested in share class currency. The investment returns are denominated in share class currency, which may be a foreign currency. If investment returns are not denominated in HKD/USD, US/HK dollar-based investors are exposed to exchange rate fluctuations.

10 year calendar performance: The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much each share class increased or decreased in value during the calendar year being shown. Performance data has been calculated in share class currency, including ongoing charges and excluding subscription fee and redemption fee you might have to pay. Where no past performance is shown there was insufficient data available in that year to provide performance.

Other non-specified information referred to above, source: Ninety One.

The share class aims to make distribution as per the distribution frequency stated.
Annualised Yield = Distribution per share / Record date NAV x Distribution frequency x 100%.

Morningstar Ratings based on the above share class only.

Morningstar Analyst rating™: Copyright © 2022. Morningstar. All Rights Reserved. The information, data and opinions expressed and contained herein are proprietary to Morningstar and/or its content providers and are not intended to represent investment advice or recommendation to buy or sell any security; are not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this Rating, Rating Report or Information contained therein.

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 share classes 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.

For a full description of the ratings, please see our ratings guide. A rating is not a recommendation to buy, sell or hold a fund.

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.

Past performance figures shown are not indicative of future performance. Investors are reminded that investment involves risk. Investors should refer to the offering documents for details, including risk factors. This website has not been reviewed by the SFC. 

By clicking on the hyperlink of Investor relations below, you are leaving this website with information specific for retail investors in Hong Kong and entering the global website.

Please note that the global website is not intended to target Hong Kong investors. It has not been reviewed by the Hong Kong Securities and Futures Commission (“SFC”). The website may contain information on funds and other investments products that are not authorised by the SFC and therefore are not available to retail investors in Hong Kong. The website may also contain information on investment services / strategies that are purported to be carried out by a Ninety One group company outside of Hong Kong.

Any product documents and information contained in this website are for reference only and for those persons or entities in any jurisdictions or country where the information and use thereof is not contrary to local law or regulation.

Issuer: Ninety One Hong Kong Limited
Email: [email protected] 
Telephone: (852) 2861 6888 
Fax: (852) 2861 6861