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

      Portfolio & Holdings

      Date as of 30/04/2026
      Sum Of Local Assets
      55.3
      Equities
      41.4
      Bonds
      11.8
      Property
      2.8
      Commodities
      1.9
      Cash / Money Market
      0.2
      FX
      -2.8
      Sum Of Foreign Assets
      44.7
      Equities
      37.8
      FX
      2.7
      Bonds
      2
      Cash / Money Market
      1.2
      Property
      1

      Distributions & yields

      Important information

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