About the Fund

A differentiated approach to the US equity market, focusing on market leaders which possess strong competitive advantages and structural growth drivers.

Reasons to invest

  • Seeks to invest in market-leading companies which typically have high customer loyalty, strong brands, low debt and are more resilient in times of economic uncertainty.
  • A high-conviction portfolio of 20–401 stocks and has high active share.
  • Our investment philosophy results in a focus on structural growth – not cyclical – which gives companies the opportunity to invest, and if needed, adapt.
  • We seek long term outperformance with meaningful participation in up markets, smaller drawdowns in down markets and lower than average volatility.2
  • Managed by Paul Vincent, who is responsible for managing the research process for all of the Quality team’s global strategies as well as global equity idea generation and research
1 This is an internal parameter and subject to change without prior notification to investor
2 Versus S&P 500 NR

Find out more about Quality investing at Ninety One

Objective

Investment objective summary

  • The Fund aims to provide capital growth (i.e. to grow the value of your investment) with the opportunity for income over the long-term.
      • The Fund invests primarily in equities (e.g. shares of 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 actively managed. The Investment Manager will have full discretion in its choice of companies either by size or industry.
      • 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.
      Paul Vincent
      Portfolio Manager
      Paul is a portfolio manager in Ninety One’s Quality investment team, based in London. He is...
      Will Nott
      Portfolio Manager
      William is a portfolio manager in Ninety One’s Quality investment team, based in London. He is...

      Performance & returns

      Literature

      Portfolio & Holdings

      Date as of 31/08/2024
      Index
      Fund
      Information Technology
      31.0
      Health Care
      12.2
      Financials
      13.3
      Consumer Staples
      6.0
      Communication Services
      8.8
      Consumer Discretionary
      9.7
      Industrials
      8.5
      Real Estate
      2.4
      Energy
      3.5
      Materials
      2.2
      Other
      2.4
      Cash

      Specific fund risks

      Concentrated portfolio

      The portfolio invests in a relatively small number of individual holdings. This may result in 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 result in wider fluctuations in the value of the portfolio compared to more broadly invested portfolios.

      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.

      It is not an invitation to make an investment nor does it constitute an offer for sale. Any decision to invest in the Fund should be made after reviewing the full offering documentation, including the Prospectus, which sets out the fund specific risks. Fund prices and English language copies of the Prospectus, annual and semi-annual Report & Accounts, Articles of Incorporation and where relevant, the local language copies of the Key Investor Information Documents (KIID) and Key Information Documents (KID), may be obtained from www.ninetyone.com.

      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.

      PRIIPs Performance scenarios and Risk Profile SRI data source: Broadridge Ireland Limited.

      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.

      Location:International
      Role:Select your role
      Call client team +44 (0) 203 938 2000
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