The Fund aims to provide income with the opportunity for capital growth (i.e. to grow the value of your investment) over the long-term.
The Fund seeks to limit volatility (the pace or amount of change in its value) to be lower than 50% of the volatility of global equities. While the Fund aims to limit its volatility to be lower than 50% of global equities there is no guarantee that this will be achieved over the long-term, or over any period of time.
The Fund is actively managed and invests in a broad range of assets around the world.
The Fund promotes environmental and social characteristics in line with Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR). The Fund will not invest in certain sectors or investments. Over time, the Investment Manager may, in accordance with the Fund’s investment policy, apply additional exclusions to be disclosed on the website, as they are implemented.
Fund features
A defensive total return fund with sustainable income at its core
John Stopford
Head of Multi-Asset Income
John is Head of Multi-Asset Income at Ninety One. He is co-portfolio manager of the Multi-Asset...
Jason Borbora-Sheen
Portfolio Manager
Jason is a co-portfolio manager across Income strategies, having been responsible for such mandates since joining...
Investment objective summary
The Fund aims to provide income with the opportunity for capital growth (i.e. to grow the value of your investment) over the long-term.
The Fund seeks to limit volatility (the pace or amount of change in its value) to be lower than 50% of the volatility of global equities. While the Fund aims to limit its volatility to be lower than 50% of global equities there is no guarantee that this will be achieved over the long-term, or over any period of time.
The Fund is actively managed and invests in a broad range of assets around the world.
The Fund promotes environmental and social characteristics in line with Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR). The Fund will not invest in certain sectors or investments. Over time, the Investment Manager may, in accordance with the Fund’s investment policy, apply additional exclusions to be disclosed on the website, as they are implemented.
Fund features
A defensive total return fund with sustainable income at its core
John Stopford
Head of Multi-Asset Income
John is Head of Multi-Asset Income at Ninety One. He is co-portfolio manager of the Multi-Asset Income strategies and has macro focussed research responsibilities. During his time at the firm John has held senior positions as Co-Head of Fixed Income & Currency, having previously been responsible for the management of our South African fixed income assets from 1998 to 2004. John joined Guinness Flight in 1993, which was later acquired by our firm, and took responsibility for investments in emerging bond and currency markets. Prior to this, he worked in London and Tokyo as a specialist global bond and currency portfolio manager for Mitsui Trust Asset Management. John graduated from the University of Oxford with an honours degree in Chemistry in 1990 and he is a CFA® Charterholder.
Jason Borbora-Sheen
Portfolio Manager
Jason is a co-portfolio manager across Income strategies, having been responsible for such mandates since joining the firm. He has additional responsibility for the firm's macro research platform and Global Asset Allocation Forum.
Prior to Ninety One he worked for Pan Asset Capital Management as an assistant fund manager on multi-asset portfolios.Previously, Jason worked for BlackRock as an analyst.
Jason studied Law at Oxford University. He holds an Investment Management Certificate and is a CFA® Charterholder.
Brazil Notas Do Tesouro Nacional Serie F 10 Jan 01 29
1.9%
New Zealand Local Government Funding Agency Bond 4.5 May 14 32
1.8%
United States Treasury Note/bond 5 May 15 37
1.8%
Mexican Bonos 8.5 May 31 29
1.8%
Brazil Notas Do Tesouro Nacional Serie F 10 Jan 01 27
1.7%
Top equity holdings (%)
INTERNATIONAL PUBLIC PARTNER
0.5%
Rio Tinto Plc
0.3%
HICL Infrastructure Plc
0.3%
Sanofi SA
0.2%
Iberdrola SA
0.2%
Johnson & Johnson
0.2%
Enel SpA
0.2%
Morgan Stanley
0.2%
PepsiCo Inc
0.2%
The Procter & Gamble Co
0.2%
Portfolio statistics
Average credit rating: A
Modified duration (years): 1.70
Number of bond holdings: 134
Number of equity holdings: 48
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.
The Fund’s equities and equity-related investments could be volatile and subject to high risk of loss. The Fund invests in debt securities that may be subject to credit/counterparty risk, interest rate risk, downgrading risk, sovereign default risk, valuation risk, credit rating risk, liquidity risk, risk associated with investment in Europe, exchange rate risk and higher default risk in high yield / non-Investment Grade / unrated debt securities as well as other risks. The Fund may invest in emerging markets which can be more volatile and less liquid than developed markets and subject to additional risk arising from unstable social, political & economic environment.
The performance of the Fund depends on the success of the asset allocation strategy. There is no assurance that the strategy employed will be successful.
The Fund may use derivatives for hedging, efficient portfolio management and/or investment purposes, and may be subject to risks associated with derivatives such as leverage, liquidity, valuation, volatility, over-the-counter transaction and counterparty risks. This may result in significant risk of loss when the use becomes ineffective.
The Inc-2 Share Class may at the Board of Directors' discretion pay dividends gross of expense and therefore may effectively pay dividend out of capital. Inc-3 Share Class may at the Board of Directors' discretion pay dividend gross of expense or out from its capital. Paying dividend gross of expense or out of capital may amount to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. This may result in an immediate reduction of the net asset value per Share.
IRD Share Class and Reference Currency Hedged Share Class may be subject to risks arising from uncertainty in interest rate and foreign exchange.
In adverse situations, the Fund may suffer significant losses. It is possible that the original amount you invested could be lost.
Investors should not solely rely on this document to make investment decisions.