SA Unit Trust

Ninety One Active Quants Fund

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Objective

Investment objective summary

  • The Fund aims to provide capital growth over the long term by investing primarily in South African equities (e.g. company shares)
      • The Fund uses a quantitative investment strategy (i.e. using a mathematical model to identify investment opportunities) with regards to stock selection and portfolio construction
      • Other investments may include the units of other funds (including foreign funds) and derivatives (financial contracts whose value is linked to the price of an underlying asset)

      Fund features

      • A specialist equity fund for investors seeking capital growth over the long term
      • A well-diversified equity portfolio with no significant style exposures
      • Fund aims to provide incremental returns in excess of the benchmark on a consistent basis
      Grant Irvine-Smith
      Portfolio Manager
      Grant is a quantitative specialist within Ninety One’s 4Factor team. He is responsible for leading the...
      Terry Seaward
      Portfolio Manager
      Terry is a portfolio manager responsible for Active Quants long only and hedge portfolios within Ninety...

      Performance & returns

      Literature & factsheets

      Portfolio & Holdings

      Date as of 31/01/2026
      Sum Of Local Assets
      100
      Equities
      93.8
      Property
      3.2
      Cash / Money Market
      3

      Distributions & yields

      Inclusive in the TER of 1.02%, a performance fee of 0.02% of the net asset value of the class of fund was recovered. The annual management fee is accrued daily, and the daily fee rate depends on fund performance over the previous 12 months (net of the A-class minimum annual fee rate) relative to a fee hurdle, the FTSE/JSE Capped Shareholder Weighted All Share Index TR ZAR (SWIX CAPI). If the fund underperforms this hurdle then the minimum annual fee rate applies. If the fund outperforms this hurdle then the annual fee rate is increased by 20% of the outperformance, subject to a minimum fee of 0.85% and a maximum fee of 3% p.a.

      Specific fund risks

      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.

      Property

      Investments in real estate securities can carry the same risks as investing directly in real estate itself. Real estate prices rise and fall in response to a variety of factors, including local, regional and national economic and political conditions, interest rates and tax considerations.

      Important information

      The information, views and opinions provided are general in nature, for informational purposes only, and should not be construed as advice.

      No action should be taken without appropriate professional guidance. We do not act as advisors or in a fiduciary capacity.

      While we strive for accuracy and timeliness, we make no guarantees as to completeness or correctness and are not obliged to update the information.

      This material does not constitute a full summary of the risks associated with any product, fund, service or strategy.

      Relevant risk disclosures are available in the applicable documents, which can be requested free of charge.

      For details on specific funds, please refer to the relevant fact sheets.

      For mandatory disclosures about this investment, further important information on indices, fund ratings, yields, targeted or projected performance returns, back tested results, model return results, hypothetical performance returns, the investment team, the investment process and specific portfolio names, please click here.