Objective

Investment objective summary

  • To provide returns (through a combination of capital growth and income) measured in US dollars over the long term.
      • 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.
      • The Fund invests around the world in a broad range of assets including: the shares of companies, bonds (contracts to repay borrowed money which typically pay interest at fixed times), alternative assets (such as exposure to commodities, property and infrastructure), transferable securities and in other funds. The Fund may hold cash.
      Michael Spinks
      Portfolio Manager
      Michael is a portfolio manager at Ninety One, He is also co-portfolio manager for the Multi-Asset...
      Iain Cunningham
      Portfolio Manager
      Iain is Head of Multi-Asset Growth at Ninety One. He is also co-portfolio manager for the...

      Performance & returns

      Key facts

      • Domicile

        Luxembourg

      • ISIN

        LU0987174710

      • Risk profile

        3

      • SEDOL

        BFZCNP1

      • CUSIP

        L5443V177

      • Bloomberg code

        IGSGDIU LX

      • Benchmark

        60% MSCI AC World Net Return USD Hedged +  40% JPMorgan GBI USD Hedged (US CPI +4% pre 01/06/2023, US CPI +5% pre 01/06/2021)

      • Morningstar category sector

        USD Flexible Allocation

      • Fund inception date

        02/12/2013

      • Share class inception date

        02/12/2013

      • Minimum investment

        USD1,000,000 / equivalent approved currency

      • Valuation point

        16:00 New York Time (forward pricing)

      • EU SFDR

        Article 8

      • Ninety One Sustainability Classification

        Sustainable

      Literature

      Portfolio & Holdings

      Date as of 31/08/2023
      Housing New Zealand Ltd 1.534 Sep 10 35
      3.0
      Housing New Zealand Ltd 3.42 Oct 18 28
      2.5
      New Zealand Government Bond 1.5 May 15 31
      2.5
      New Zealand Government Bond 1.75 May 15 41
      2.4
      Inter-american Development Ban 3.5 Apr 12 33
      2.0
      Queensland Treasury Corp 4.5 Mar 09 33
      1.1
      Peruvian Government International 2.783 Jan 23 31
      1.0
      New South Wales Treasury Corp 1.25 Nov 20 30
      1.0
      New South Wales Treasury Corp 3 Nov 15 28
      1.0
      Asian Infrastructure Investmen 4 May 17 28
      1.0

      Charges

      Maximum initial charge %

      5.00

      Ongoing charge %

      1.13
      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 and Frontier 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.

      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.

      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.

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