Featured insight
Position for growth in 2023
As the interest rate environment begins to normalise in 2023, we believe investors should seek exposure to those companies with access to growth opportunities.
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
Objective
Investment objective summary
- 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
Rolling 12 month Performance
Growth of Investment
Calendar Year Returns
Trailing 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
LuxembourgISIN
LU2250466039Risk profile
6
SEDOL
BN0SM75CUSIP
L6S44C469Bloomberg code
NIOGZUH LXBenchmark
MSCI AC World Net ReturnMorningstar category sector
Other EquityFund inception date
04/07/2009Share class inception date
30/11/2020Minimum investment
USD500,000,000Valuation point
16:00 New York Time (forward pricing)EU SFDR
Article 8Ninety One Sustainability Classification
Enhanced Integration
Literature
Portfolio & Holdings
Date as of 31/10/2022
Geographic breakdown (%)
Sector breakdown (%)
Top & bottom country weightings vs comparative index (%)
Top & bottom sector weightings vs comparative index (%)
Top & bottom stock weightings vs comparative index (%)
Top holdings (%)
Portfolio Statistics
Index
Fund
United States
63.0
Europe ex UK
11.7
Emerging Markets
10.2
United Kingdom
3.7
Far East ex Japan
2.9
Japan
5.2
Other
3.4
Cash
Charges
Maximum initial charge %
3.00
Ongoing charge %
1.01
The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.
Specific fund risks
BRL Hedged Reference
This Share Class is designed as a hedging solution and exclusively reserved for selected feeder funds established in Brazil. The shares will be denominated in US Dollar (USD), the Fund's base currency. The Share Class will aim to provide exposure to Brazilian Real (“BRL”) by converting the net asset value of the Share Class into BRL using financial derivative instruments. As a result, the net asset value is expected to fluctuate in line with the exchange rate between BRL and USD. This fluctuation will be reflected in the performance of the Share Class, and therefore such performance may differ significantly from the performance of the other share classes of the Fund. Additionally, the Share Class will not protect against a decline in the values of the currencies of the underlying investments. There can be no assurance that the hedging solution will be successful, nor will it offer a perfect hedge for a Brazilian feeder fund.
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.
Reference Currency Hedging
Aims to protect investors from a decline in the value of the reference currency only (the currency in which accounts are reported) and will not protect against a decline in the values of the currencies of the underlying investments, where these are different from the reference currency. Difference between the currencies of the underlying investments and the reference currency may cause loss when the reference currency rises against the share class currency. Such hedging will not be perfect. Success is not assured.
Style Bias
The use of a specific investment style or philosophy can result in particular portfolio characteristics that are different to more broadly-invested portfolios. These differences may mean that, in certain market conditions, the value of the portfolio may decrease while more broadly-invested portfolios might grow.