GSF Lux SICAV

Global Environment

Morningstar Rating™

3
9
EU SFDR
I
Impact

About the Fund

Seeking to capture the structural decarbonisation growth story – investing in companies that are driving the transition to a low carbon world.

To combat climate change and reduce carbon emissions, the world needs to transform. We invest in companies leading that transformation.

Why choose this Fund?
  • Access an area of structural growth:
    Companies enabling decarbonisation should enjoy a multi-year tailwind from global efforts to reduce emissions.
  • Rebalance climate risk within other parts of your portfolio
  • Make an impact:
    Invest in businesses that are helping to solve one of the biggest challenges facing the planet.

Watch Fund explainer

Key features
  • A high conviction, concentrated portfolio with high active share2
  • A unique investment approach focused on the renewable energy, electrification and resource efficiency sectors
  • A proprietary screen generates a universe of c.700 companies, only 7% of which overlap with MSCI All Country World Index
  • Includes proprietary measurement of indirect Scope 3 carbon emissions, allowing us to identify businesses' full carbon footprint
  • Regular engagement with companies and Annual Impact Reporting

Objective

Investment objective summary

  • The Fund aims to achieve total returns comprised of capital growth and income over at least 5-year periods, before allowing for fees. The Fund’s environmental objective is to make sustainable investments that aim to contribute to positive environmental impact.
Deirdre Cooper
Portfolio Manager
Deirdre is Head of Sustainable Equity at Ninety One. Deirdre is a leading voice in understanding...
Graeme Baker
Portfolio Manager
Graeme is a portfolio manager in the Sustainable Equity team at Ninety One. Graeme is co-portfolio...

Performance & returns

Literature & factsheets

Portfolio & Holdings

Date as of 30/04/2024
Index
Fund
United States
63.3
Europe ex UK
11.9
China
2.8
Emerging Markets
7.5
United Kingdom
3.6
Far East ex Japan
2.5
Japan
5.4
Other
2.9
Cash

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.

Sustainable Strategies

Sustainable, impact or other sustainability-focused portfolios consider specific factors related to their strategies in assessing and selecting investments. As a result, they will exclude certain industries and companies that do not meet their criteria. This may result in their portfolios being substantially different from broader benchmarks or investment universes, which could in turn result in relative investment performance deviating significantly from the performance of the broader market.

All information provided is product related, and is not intended to address the circumstances of any particular individual or entity. We are not acting and do not purport to act in any way as an advisor or in a fiduciary capacity. No one should act upon such information without appropriate professional advice after a thorough examination of a particular situation.

Collective investment scheme funds are generally medium to long term investments and the manager, Ninety One Fund Managers SA (RF) (Pty) Ltd, gives no guarantee with respect to the capital or the return of the fund. The value of participatory interests (units) may go down as well as up. Funds are traded at ruling prices and can engage in borrowing and scrip lending. The fund may borrow up to 10% of fund net asset value to bridge insufficient liquidity. A schedule of charges, fees and advisor fees is available on request from the Manager which is registered under the Collective Investment Schemes Control Act. Additional advisor fees may be paid and if so, are subject to the relevant FAIS disclosure requirements. Performance shown is that of the fund and individual investor performance may differ as a result of initial fees, actual investment date, date of any subsequent reinvestment and any dividend withholding tax. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. Where the fund invests in the units of foreign collective investment schemes, these may levy additional charges which are included in the relevant Total Expense Ratio (TER). A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The ratio does not include transaction costs. The current TER cannot be regarded as an indication of the future TERs. Additional information on the funds may be obtained, free of charge, at ninetyone.com. Ninety One SA (Pty) Ltd is an authorised financial services provider and a member of the Association for Savings and Investment SA (ASISA).

A feeder fund is a fund that, apart from assets in liquid form, consists solely of units in a single fund of a collective investment scheme which levies its own charges which could then result in a higher fee structure for the feeder fund.

Money Market funds are not a bank deposit account. The price of each unit is aimed at a constant value. The total return to the investor is primarily made up of interest received and may also include any gain or loss made on any particular instrument. In most cases this will merely have the effect of increasing or decreasing the daily yield, but in an extreme case it can have the effect of reducing the capital value of the fund.

Offshore funds are sub-funds in the Ninety One Global Strategy Fund, 49 Avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg.

Performance data source: © Morningstar.
SA unit trusts: NAV-NAV, net of fees, gross income reinvested, in ZAR.
GSF funds: 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.

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 share classes of each fund are evaluated separately and their ratings may differ depending on the launch date, fees and expenses relevant to the share class. 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.