SA Unit Trust

Ninety One Worldwide Flexible Fund

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Objective

Investment objective summary

  • The Fund aims to maximise total real returns through active and unconstrained management
      • The Fund’s managers can invest in a mix of local and foreign assets, including equities (e.g. company shares), cash and bonds (contracts to repay borrowed money which typically pay interest at fixed times)
      • The Fund is unrestricted in its choice of companies either by size, industry or geography
      • 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

      • Unconstrained and fully flexible, the Fund aims to maximize long-term total returns (comprising capital growth and income) by investing across a wide spectrum of asset classes, in both local and foreign markets
      • Asset allocation decisions are based on a disciplined investment process that considers fundamental drivers, reasonable valuation and investor behaviour
      • Equity selection employs a tested investment philosophy focused on investing in reasonably valued companies receiving positive earnings revisions that are expected to endure
      Hannes van den Berg
      Co-Head of SA Equity & Multi-Asset
      Hannes is the Co-Head of SA Equity & Multi-Asset within the 4Factor team at Ninety One....
      Rehana Khan
      Co-Head of SA Equity & Multi-Asset
      Rehana is Co-Head of SA Equity & Multi-Asset within the 4Factor team at Ninety One. She...

      Performance & returns

      Literature & factsheets

      Portfolio & Holdings

      Date as of 31/01/2026
      Sum Of Local Assets
      60
      Equities
      41.9
      Bonds
      12.2
      Property
      2.4
      Commodities
      2
      Cash / Money Market
      1.5
      Sum Of Foreign Assets
      40
      Equities
      36.9
      Bonds
      1.8
      Property
      1.1
      Cash / Money Market
      0.2

      Distributions & yields

      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.

      Emerging market

      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.

      Foreign Investment

      Investing in foreign securities may be subject to specific material risks pertaining to overseas jurisdictions and markets, including (but not limited to) potential constraints to local liquidity and the repatriation of funds, macroeconomic, political, tax, settlement risks, potential limitations on available market information and foreign exchange or currency fluctuations.

      Interest rate

      The value of fixed income investments (e.g. bonds) tends to decrease when interest rates rise.

      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.