GSF Lux SICAV

Asia Pacific Franchise

Latest NAV Price

19.0800
05 July 2022

NAV daily change %

0.32

Dealing currency

USD

Fund size

USD 51.17 M
30 June 2022

Latest NAV Price

19.0800
05 July 2022

NAV daily change %

0.32

Dealing currency

USD

Fund size

USD 51.17 M
30 June 2022

About the Fund

The expanding opportunity set in Asia, we believe, provides a highly investable, liquid and diverse group of exceptional quality companies.

Reasons to invest

  • We seek to invest in high quality low debt market-leading companies that possess enduring franchises with resilience and structural growth potential
  • The rise of the consumer across Asia has coincided with the emergence of brands that are not only Asia-focused but global leaders, with much less sensitivity to their local markets
  • Differentiated philosophy seeks to offer significant diversification benefits
  • A high conviction portfolio which seeks long term outperformance whilst rewarding in up markets and protecting in down markets
  • Managed by Charlie Dutton, who has over 20 years’ experience investing in Asian equities, the Fund has delivered attractive performance since inception

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) established and listed on a recognised exchange in Asia Pacific, excluding Japan. The Fund may invest primarily in the markets of Australia, Hong Kong, Singapore, Malaysia, Thailand, Taiwan, South Korea, the Philippines, Indonesia, China, India, New Zealand and Vietnam.
      • 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.
      Charlie Dutton
      Portfolio Manager, Asia Pacific Franchise
      Charlie is a portfolio manager in Ninety One's Quality team. His focus is on global investments,...

      Performance & returns

      The value of investments, and any income generated from them, can fall as well as rise. If the currency shown differs from your home currency, returns may increase or decrease as a result of currency fluctuations. Investment objectives and performance targets may not necessarily be achieved, losses may be made. We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs. Where a shareclass has been in existence for less than 12 months, performance is not disclosed. 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. The Trailing Returns chart may use different Sector performance start dates compared to other performance charts or other marketing literature which may result in minor differences. Where a benchmark index is calculated on a monthly basis, the returns will be out of line with the fund and/or sector which are calculated daily.

      Key facts

      • Domicile

        Luxembourg
      • ISIN

        LU1734074674
      • Risk profile

        6
      • SEDOL

        BF6Q6G4
      • CUSIP

        L54486201
      • Bloomberg code

        IAPQAAU LX
      • Benchmark

        MSCI AC Asia Pacific ex Japan Net Return
      • Morningstar category sector

        Asia-Pacific ex-Japan Equity
      • Fund inception date

        23/01/2018
      • Share class inception date

        23/01/2018
      • Minimum investment

        USD3,000 / equivalent approved currency
      • Valuation point

        16:00 New York Time (forward pricing)

      Portfolio & Holdings

      Date as of 31/05/2022
      Index
      Fund
      China*
      29.0
      Emerging Markets
      73.9
      Far East ex Japan
      26.1
      Australia
      16.6
      Taiwan
      15.1
      United States
      Europe ex UK
      South Korea
      12.0
      United States
      Hong Kong
      6.2
      India
      12.1
      Netherlands
      Vietnam
      Indonesia
      1.7
      Malaysia
      1.4
      New Zealand
      0.4
      Philippines
      0.7
      Singapore
      2.9
      Thailand
      1.8
      Cash and near cash
      Cash and near cash
      *Offshore and/or Mainland

      Charges

      Maximum initial charge %

      5.00

      Ongoing charge %

      1.98
      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.

      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.

      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.

      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 © 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 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.