GSF Lux Sicav

Global Strategic Managed

Morningstar Rating™

3
EI
ESG Integration

Latest NAV Price

68,6700
28 February 2024

NAV daily change %

-0,25

Dealing currency

USD

Fund size

USD 1,02 B
31 January 2024

Latest NAV Price

68,6700
28 February 2024

NAV daily change %

-0,25

Dealing currency

USD

Fund size

USD 1,02 B
31 January 2024

Objective

Investment objective summary

  • The Fund aims to provide long-term income and capital growth through investment in a diversified and actively managed portfolio consisting of any combination of cash instruments, fixed income securities, convertible securities, equity securities, and derivatives on an international basis. Normally, the maximum equity content will be limited to 75% of the Fund.
Iain Cunningham
Head of Multi-Asset Growth
Michael Spinks
Portfolio Manager
Alex Holroyd-Jones
Portfolio Manager

Performance & returns

Key facts

  • Domicile

    Luxembourg
  • ISIN

    LU0345768740
  • Risk profile

    4
  • Bloomberg code

    GUIGBGI LX
  • CUSIP

    L5447M736
  • Benchmark

    60% MSCI AC World Net Return, 40% FTSE WGBI (60% MSCI World Net Return, 40% FTSE WGBI pre 31/12/2010, 50% MSCI World Net Return, 50% FTSE WGBI pre 30/06/2005)
  • Morningstar category sector

    USD Moderate Allocation
  • Fund inception date

    06/02/1995
  • Share class inception date

    06/02/1995
  • Minimum investment

    USD3,000 / equivalent approved currency
  • Valuation point

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

    ESG Integration

Portfolio & Holdings

Date as of 31/01/2024
Australia Government Bond 2.75 May 21 41
7.3
New Zealand Government Bond 1.75 May 15 41
6.5
Korea Treasury Bond 4.25 Dec 10 32
3.1
Canadian Government Bond 1.75 Dec 01 53
1.6
Bundesrepublik Deutschland Bun Feb 15 32
1.1
Republic of South Africa 8.875 Feb 28 35
0.8
Mexico Government International 3.5 Feb 12 34
0.8
Chile Government International 2.55 Jul 27 33
0.8
Brazilian Government International 4.625 Jan 13 28
0.8
New Zealand Government Bond 2.75 May 15 51
0.4

Charges

Ongoing charge %

1,96
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.

Distributions and Yields

Most recent distribution payments
Distribution amount
USD0,2452
Declaration Date
28 December 2023
Ex-distribution date
29 December 2023
Payable date
19 January 2024
Yield data as of 31/01/2024
Yield %
0,36

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.

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.