GSF Lux SICAV

Global Franchise

Latest NAV Price

26.9200
01 July 2022

NAV daily change %

0.52

Dealing currency

AUD

Fund size

AUD 11.07 B
30 June 2022

Latest NAV Price

26.9200
01 July 2022

NAV daily change %

0.52

Dealing currency

AUD

Fund size

AUD 11.07 B
30 June 2022

About the fund

A global portfolio investing in world-leading, quality companies that seeks to provide greater certainty in an uncertain world

Reasons to invest

  • Seeks to invest in quality companies, many of whom are world-leaders in their fields. They typically have high customer loyalty, strong brands, and low debt, and are more resilient in times of economic uncertainty
  • A high conviction portfolio of 25 to 40 stocks1, which is highly differentiated versus the index2
  • Has a long-term track record of outperformance; with meaningful participation in up markets and smaller drawdowns in down markets3

1Internal investment parameters are subject to change without prior notification. 2Versus MSCI ACWI. 3Comparison index: At Inception = MSCI World Net Returns; Current Since Oct 1 2011 = MSCI AC World Net Returns. Source: Morningstar. Since inception on April 10 2007. 

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 opportunity for income over the long-term.
      • The Fund invests primarily in equities (e.g. shares of companies) around the world.
      • The Fund will be actively managed. The Investment Manager will have full discretion in its choice of companies either by size or industry, or in terms of the geographical make-up of the portfolio.
      • 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.
      Clyde Rossouw
      Co-Head of Quality
      Clyde is Co-Head of Quality at Ninety One. He is a portfolio manager with a focus...

      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

        LU0996485032
      • Risk profile

        6
      • SEDOL

        BH65L59
      • CUSIP

        L5443V417
      • Bloomberg code

        IGFCIRA LX
      • Benchmark

        MSCI AC World Net Return (MSCI World Net Return pre 01/10/2011)
      • Morningstar category sector

        Other Equity
      • Fund inception date

        04/07/2009
      • Share class inception date

        20/12/2013
      • Minimum investment

        USD3,000 / equivalent approved currency
      • Valuation point

        16:00 New York Time (forward pricing)

      Literature

      Portfolio & Holdings

      Date as of 31/05/2022
      Index
      Fund
      United States
      60.6
      Europe ex UK
      12.1
      Emerging Markets
      11.3
      United Kingdom
      3.9
      Far East ex Japan
      3.1
      Japan
      5.5
      Other
      3.4
      Cash

      Charges

      Maximum initial charge %

      3.00

      Ongoing charge %

      2.96
      The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.

      Specific fund risks

      Charges from capital

      For Inc-2 and Inc-3 shares classes, expenses are charged to the capital account rather than to income, so capital will be reduced. This could constrain future capital and income growth. Income may be taxable.

      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.

      Interest rate differential

      This share class is intended for investors whose currency of investment matches that of the share class. Investors whose currency of investment is different, should be aware of the foreign exchange risk that is created.

      Distributions & Yields

      Most recent distribution payments
      Distribution amount
      AUD0.0245
      Declaration Date
      30 June 2022
      Ex-distribution date
      04 July 2022
      Payable date
      20 July 2022
      Yield data as of 31/05/2022
      Yield %
      1.11
      Adjusted yield %
      0.00

      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.