Global Multi-Asset Income Fund

A defensive total return Fund for today’s unpredictable markets
Fund explained – watch video​
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A defensive total return Fund for today’s unpredictable markets

Defence is the best form of attack

The Fund aims to provide attractive income with capital growth over the long-term.
It’s actively managed following a defensive approach - seeking resilient assets and aiming to limit downside.

A tried and tested defensive total return strategy with an established track record of protection in weak markets and capturing upside in less challenging conditions.

Global Multi-Asset Income (GMAI) explained

Launched in May 2013, the Fund has provided long term defensive total returns with significantly more exposure to up-markets than to down-markets.

Cumulative returns since launch*: Attractive income with capital growth over the long term

Attractive upside skew versus global equities**

Global Multi-Asset Income Fund average monthly gain and loss as a proportion of Global Equities average gain and loss, since the Fund’s inception.

2014 2015 2016 2017 2018 2019 2020
Global Multi-Asset Income I Acc 4.5% 1.6% 5.0% 6.6% 1.2% 6.9% 5.7%
Positive year every year since inception.

Past performance is not a reliable indicator of future results, losses may be made.

Source: Morningstar, 31 December 2020. Performance is net of fees (NAV based, including ongoing chargers, excluding initial charges), gross income reinvested, in USD. Fund is actively managed.
* Inception date 31 May 2013
** Global equities defined as MSCI All Country World Index

About the team:

John Stopford
Portfolio Manager
Jason Borbora-Sheen
Portfolio Manager

Co-portfolio managers, John Stopford & Jason Borbora-Sheen are jointly responsible for managing the Fund. They are backed by the well-resourced and experienced Multi-Asset team of 27 investment professionals who in aggregate manage US$9.2 billion.

The Multi-Asset team can draw on the wider Ninety One investment team of 250 investment professionals who participate in key Multi-Asset research meetings. This allows investment ideas across asset classes to be shared with our Multi-Asset team.

“We believe the best way to compound returns is to seek to reduce capital losses whilst providing upside exposure”

Suitability and uses

Could be used by investors seeking:
  • Defensive return
  • Alternative source of income from conventional fixed income funds
  • Attractive sustainable income pre and post-retirement

Key facts

  • Domicile

    Luxembourg

  • ISIN

    LU0953506580

  • Risk profile

    4

  • SEDOL

    BC9ZNN3

  • CUSIP

    L54485179

  • Bloomberg code

    IGSGDAG LX

  • Morningstar category sector

    USD Cautious Allocation

  • Fund inception date

    31/05/2013

  • Share class inception date

    30/07/2013

  • Minimum investment

    USD3,000 / equivalent approved currency

  • Valuation point

    16:00 New York Time (forward pricing)

Literature

General risks
The value of investments, and any income generated from them, can fall as well as rise. Where charges are taken from capital, this may constrain future growth. Past performance is not a reliable indicator of future results. If any currency differs from the investor's home currency, returns may increase or decrease as a result of currency fluctuations. Investment objectives and performance targets are subject to change and may not necessarily be achieved, losses may be made.

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

Important information
All information is as at 31 December 2020 unless otherwise stated.

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