Latest NAV Price

48,0300
07 February 2023

NAV daily change %

0,84

Dealing currency

USD

Fund size

USD 363,39 M
31 January 2023

Latest NAV Price

48,0300
07 February 2023

NAV daily change %

0,84

Dealing currency

USD

Fund size

USD 363,39 M
31 January 2023

About the Fund

Seeks to provide a differentiated approach to income investing by focusing on Quality companies that offer above market dividend yield and have strong dividend growth potential.

Reasons to invest

  • Focuses on Quality companies - world-leaders with long-term sustainable businesses maintained through high barriers to entry and competitive advantages
  • Seeks Quality companies that generate sustainably high levels of free cashflow to drive future dividend growth
  • Seeks to provide greater certainty in an uncertain world - very downside aware with historically smaller drawdowns in falling markets; the strategy has provided very attractive total returns with lower volatility1

1Versus MSCI ACWI.

Objective

Investment objective summary

  • The Fund aims to provide income and capital growth (i.e. to grow the value of your investment) 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...
      Abrie Pretorius
      Portfolio Manager
      Abrie is a portfolio manager and analyst in the Quality team based in New York. His...

      Performance & returns

      Key facts

      • Domicile

        Luxembourg
      • Risk profile

        6
      • ISIN

        LU0773335848
      • Bloomberg code

        IGBOEIA LX
      • CUSIP

        L54485740
      • Benchmark

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

        Global Equity Income
      • Fund inception date

        03/12/2010
      • Share class inception date

        26/04/2012
      • Minimum investment

        USD1,000,000 / equivalent approved currency
      • Valuation point

        16:00 New York Time (forward pricing)
      • Ninety One Sustainability Classification

        Enhanced Integration

      Literature

      Portfolio & Holdings

      Date as of 31/12/2022
      Index
      Fund
      United States
      60.4
      Europe ex UK
      12.5
      United Kingdom
      3.9
      Emerging Markets
      11.2
      Far East ex Japan
      3.2
      Japan
      5.6
      Other
      3.2
      Cash

      Charges

      Ongoing charge %

      0,97
      The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.

      Specific fund risks

      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.

      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.

      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.