SA Unit Trust

Ninety One Global Franchise Feeder Fund

Featured insight

Global Franchise update

We recently hosted a live webinar where Clyde Rossouw, the PM of the Ninety One Global Franchise gave an update on the strategy, his views on the current market environment and the team’s differentiated approach to Quality investing. Watch the recording here.

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Objective

Investment objective summary

The underlying fund is unrestricted in its choice of companies either by size or industry or in terms of geographical makeup of the portfolio

The underlying fund focuses investment on companies deemed to be of high quality, typically those associated with global brands or franchises

*These are internal parameters and subject to change without prior notification

Fund features

An equity-only fund invested wholly in the foreign-domiciled Ninety One Global Franchise Fund

The Ninety One Global Franchise Fund aims to achieve long-term capital growth and is a concentrated portfolio of 25-40 stocks-these are internal parameters and subject to change without prior notification

Stock selection is oriented towards a quality approach, seeking to deliver consistent performance through the business cycle

Clyde Rossouw

Head of Quality

Clyde is Head of Quality at Ninety One, based in Cape Town. He is lead portfolio...

Performance & returns

Literature & factsheets

Portfolio & Holdings

Date as of 31/12/2024

Asset allocation (%)

Geographic breakdown (%)

Sector allocation excl. cash (%)

Top equity holdings (%)

Sum Of Local Assets

0.4

Cash / Money Market

0.4

Sum Of Foreign Assets

99.6

Equities

97.2

Cash / Money Market

2.4

Specific fund risks

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.

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.

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.

NinetyOne

Location:South Africa

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