GSF Lux SICAV

American Franchise

Latest NAV Price

131.5900
29 July 2021

NAV daily change %

0.39

Dealing currency

HKD

Fund size

HKD 1.29 B
30 July 2021

Latest NAV Price

131.5900
29 July 2021

NAV daily change %

0.39

Dealing currency

HKD

Fund size

HKD 1.29 B
30 July 2021

Objective

Investment objective summary

  • The Fund aims to achieve long-term capital growth primarily through investment in companies either listed and/or domiciled in the United States of America, or established outside of the United States of America but carrying out a significant portion of their business activities in the United States of America. The Fund will be unrestricted in its choice of companies either by size or industry. The Fund will focus investment on stocks deemed to be of high quality which are typically associated with strong brands or franchises.
Paul Vincent
Paul is an analyst and portfolio manager in the Quality investment team at Ninety One. As...

Performance & returns

As the share class was launched less than 12 months ago, performance is not disclosed.

Key facts

  • Domicile

    Luxembourg
  • ISIN

    LU2238339696
  • Risk profile

    6
  • SEDOL

    BMY4XH9
  • CUSIP

    L6S44C212
  • Bloomberg code

    NIOGSAH LX
  • Benchmark

    S&P 500 Net Return
  • Morningstar category sector

    US Large-Cap Blend Equity
  • Fund inception date

    26/11/1990
  • Share class inception date

    16/10/2020
  • Minimum investment

    USD3,000 / equivalent approved currency
  • Valuation & transaction cut-off

    16:00 New York Time (forward pricing)

Portfolio & Holdings

Date as of 30/06/2021
Index
Fund
Information Technology
27.4
Health Care
13.0
Communication Services
11.1
Financials
11.3
Consumer Staples
5.9
Consumer Discretionary
12.3
Energy
2.9
Industrials
8.5
Materials
2.6
Real Estate
2.6
Other
2.5
Cash

Charges

Maximum initial charge %

5.00

Ongoing charge %

1.93
The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.

Specific fund risks

Concentrated portfolio

The portfolio invests in a relatively small number of individual holdings. This may mean wider fluctuations in value than more broadly invested portfolios.

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 the resulting value may decrease whilst portfolios more broadly invested might grow.

We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs.

All the information contained in this communication is believed to be reliable but may be inaccurate or incomplete. Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

This communication is provided for general information only. It is not an invitation to make an investment nor does it constitute an offer for sale. The full documentation that should be considered before making an investment, including the Prospectus and Key Investor Information Documents, which set out the Fund specific risks, are available from Ninety One. This Fund should be considered as a long-term investment.

Performance data source: © Morningstar, 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 as an initial charge of up to 5% (10% for S shares) may be applied to your investment. This means that for an investment of $1,000, where the initial charge equals 5%, $950 ($900 for S shares) would actually be invested in the Fund. Returns to individual investors will vary in accordance with their personal tax status and tax domicile.

Morningstar Analyst rating™: Copyright © 2020. 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 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.

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.