SA Unit Trust

Ninety One Commodity Fund

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Objective

Investment objective summary

  • The Fund aims primarily to provide capital growth whilst additionally providing a reasonable level of income
      • The Fund invests primarily in the equities (e.g. shares) of companies involved in mining, minerals, energy, natural resources and other commodities
      • 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 focused on commodity-related companies primarily listed in South Africa
      • Provides diversification from general equity funds
      • More volatile than a general equity fund
      Daniel Sacks
      Portfolio Manager
      Daniel is a portfolio manager at Ninety One and a member of the SA Equities &...

      Performance & returns

      Literature & factsheets

      Portfolio & Holdings

      Date as of 31/01/2026
      Sum Of Local Assets
      96.9
      Equities
      96.4
      Cash / Money Market
      0.5
      Sum Of Foreign Assets
      3.1
      Equities
      3.1

      Distributions & yields

      Specific fund risks

      Commodity-related investment

      Commodity prices can be extremely volatile and losses may be made.

      Currency exchange

      Changes in the relative values of different currencies may adversely affect the value of investments and any related income.

      Geographic / Sector

      Investments may be primarily concentrated in specific countries, geographical regions and/or industry sectors. This may result in wider fluctuations in the value of the portfolio compared to more broadly invested portfolios.

      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.

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