GSF Lux SICAV

Global Multi-Asset Sustainable Growth (Euro)

Latest NAV Price

20.5400
03 August 2021

NAV daily change %

0.54

Dealing currency

AUD

Fund size

AUD 470.84 M
30 July 2021

Latest NAV Price

20.5400
03 August 2021

NAV daily change %

0.54

Dealing currency

AUD

Fund size

AUD 470.84 M
30 July 2021

Objective

Investment objective summary

  • The Fund aims to provide returns measured in Euros, through a combination of capital growth and income over at least 5-years. The Fund targets a return of EURIBOR 3 months +4% (gross of fees) per annum over rolling 5-year periods. While the Fund aims to achieve long term returns and its performance target, there is no guarantee that either will be achieved over the long term, or over any period of time and there is a risk of loss.
      • The Fund promotes environmental and /or social characteristics by investing in companies and countries considered by the Investment Manager as having policies, operations and/or business models that aim to minimise their harmful effects on society and the environment, or whose products and/or services seek to benefit society and the environment.
      Philip Saunders
      Co-Head of Global Multi-Asset Growth
      Philip is Co-Head of Multi-Asset Growth at Ninety One. He is also co-portfolio manager for the...
      Michael Spinks
      Portfolio Manager
      Michael is Co-Head of Multi-Asset Growth at Ninety One, He is also co-portfolio manager for the...

      Performance & returns

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

      Key facts

      • Domicile

        Luxembourg
      • ISIN

        LU2342989170
      • Risk profile

        4
      • SEDOL

        BN7D0Q8
      • CUSIP

        L6771A181
      • Bloomberg code

        NIOGSIA LX
      • Benchmark

        EURIBOR 3Month +4%
      • Fund inception date

        29/04/2016
      • Share class inception date

        18/06/2021
      • Minimum investment

        USD1,000,000 / equivalent approved currency
      • Valuation & transaction cut-off

        16:00 New York Time (forward pricing)

      Portfolio & Holdings

      Date as of 30/06/2021
      Republic Of South Africa 8 Jan 31 30
      2.7
      Housing New Zealand Ltd 1.534 Sep 10 35
      2.2
      New Zealand Government Bond 1.5 May 15 31
      1.9
      Colombian TES 7.25 Oct 18 34
      1.6
      Housing New Zealand Ltd 3.42 Oct 18 28
      1.4
      Bonos De Tesoreria 6.15 Aug 12 32
      1.2
      Republic Of South Africa 8.875 Feb 28 35
      1.2
      New Zealand Government Bond 1.75 May 15 41
      1.0
      Kenya Infrastructure Bond 12.257 Jan 05 37
      0.7
      Queensland Treasury Corp 1.25 Mar 10 31
      0.6

      Charges

      Maximum initial charge %

      5.00

      Ongoing charge %

      1.14
      The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.

      Specific fund risks

      Currency exchange

      Changes in the relative values of different currencies may adversely affect the value of investments and any related income.

      Default

      There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss.

      Derivatives

      The use of derivatives may increase overall risk by magnifying the effect of both gains and losses leading to large changes in value and potentially 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.

      Government securities exposure

      The Fund may invest more than 35% of its assets in securities issued or guaranteed by a permitted sovereign entity, as defined in the definitions section of the Fund’s prospectus.

      Interest rate

      The value of fixed income investments (e.g. bonds) tends to decrease when interest rates rise.

      Reference Currency Hedging

      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. In addition, where the currencies of the underlying investments are different from the reference currency, investors may suffer a loss when the value of the reference currency increases against the value of the share class currency. There can be no assurance that hedging strategies will be successful and such hedging can positively or negatively impact investors by inaccuracies in the operation of the hedge.

      Sustainable Strategies

      Sustainable, impact or other sustainability-focused portfolios consider specific factors related to their strategies in assessing and selecting investments. As a result, they will exclude certain industries and companies that do not meet their criteria. This may result in their portfolios being substantially different from broader benchmarks or investment universes, which could in turn result in relative investment performance deviating significantly from the performance of the broader market.

      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.