UK OEIC

Emerging Markets Equity

Rayner Spencer Mills Rating

Rated

Latest NAV Price

148.82
28 September 2020

NAV daily change %

0.16

Dealing currency

GBX

Fund size

GBP 200.72 M
28 August 2020

Latest NAV Price

148.82
28 September 2020

NAV daily change %

0.16

Dealing currency

GBX

Fund size

GBP 200.72 M
28 August 2020

Objective

Investment objective summary

  • The Fund aims to provide capital growth (to grow the value of your investment) over at least 5-year periods.
      • The Fund invests primarily (at least two-thirds) in the shares of emerging market companies, which are either incorporated in, domiciled in, listed in, have significant economic exposure to, or are controlled by entities established or listed in, emerging markets (countries that have less developed economies).
      • Investment opportunities are identified using in-depth analysis and research on individual companies.
      • The Fund may at times invest in a relatively small number of companies. These companies may be of any size and in any industry sector.
      • The Fund may also invest in other transferable securities, money market instruments, cash or near cash, deposits, up to 10% in units or shares in other funds (which may be managed by a Ninety One group company, or a third party) and derivatives (financial contracts whose value is linked to the price of an underlying asset). Derivatives may be used for investment purposes and/or managing the Fund in a way that is designed to reduce risk or cost and/or generate income or growth with a low level of risk.
      • The index used in the performance section is deemed to be a good representation of the Fund’s investable universe and is widely used, independently calculated and readily available. Fund performance can also be compared to the IA sector average. Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK investment managers), to facilitate comparison between funds with broadly similar characteristics.
      Archie Hart
      Portfolio Manager
      Archie is the portfolio manager for the Emerging Markets Equity Strategy in the 4Factor team at...

      Performance & returns

      28/09/2020
      The value of investments, and any income generated from them, can fall as well as rise. Past performance is not a reliable indicator of future results. If the currency shown differs from your home currency, returns may increase or decrease as a result of currency fluctuations. Investment objectives and performance targets may not necessarily be achieved, losses may be made. We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs. Where a shareclass has been in existence for less than 12 months, performance is not disclosed. No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided. The Trailing Returns chart may use different Sector performance start dates compared to other performance charts or other marketing literature which may result in minor differences. Where a benchmark index is calculated on a monthly basis, the returns will be out of line with the fund and/or sector which are calculated daily.

      Key facts & Downloads

      • Domicile

        United Kingdom
      • Risk profile

        6
      • ISIN

        GB00B83N8D05
      • SEDOL

        B83N8D0
      • Fund inception date

        01/10/2012
      • Share class inception date

        02/01/2013
      • Benchmark

        MSCI Emerging Markets Net Return
      • IA sector

        IA Global Emerging Markets
      • Minimum investment

        £1,000
      • Valuation & transaction cut-off

        12 noon (forward pricing)

      Portfolio & Holdings

      Date as of 31/08/2020
      Index
      Fund
      China*
      42.5
      Taiwan
      12.5
      South Korea
      11.5
      Hong Kong
      Russian Federation
      2.9
      Brazil
      4.8
      India
      8.3
      Mexico
      1.6
      South Africa
      3.5
      Turkey
      0.3
      United Kingdom
      Austria
      U.A.E.
      0.5
      Denmark
      Hungary
      0.2
      Thailand
      1.9
      Argentina
      0.1
      Indonesia
      1.4
      Malaysia
      1.7
      Chile
      0.5
      Other
      5.5
      Cash
      *Offshore and/or Mainland

      Charges

      Maximum initial charge %

      0.00

      Ongoing charge %

      1.40
      The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.

      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.

      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.

      We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs.

      All the information contained in this communication is believed to be reliable but may be inaccurate or incomplete. Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

      This communication is provided for general information only. It is not an invitation to make an investment nor does it constitute an offer for sale. The full documentation that should be considered before making an investment, including the Prospectus and Key Investor Information Documents, which set out the Fund specific risks, are available from Ninety One. This Fund should be considered as a long-term investment.

      Performance data source: © Morningstar, 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 as an initial charge of up to 5% (10% for S shares) may be applied to your investment. This means that for an investment of $1,000, where the initial charge equals 5%, $950 ($900 for S shares) would actually be invested in the Fund. Returns to individual investors will vary in accordance with their personal tax status and tax domicile.

      Morningstar Analyst rating™: Copyright © 2020. Morningstar. All Rights Reserved. The information, data and opinions expressed and contained herein are proprietary to Morningstar and/or its content providers and are not intended to represent investment advice or recommendation to buy or sell any security; are not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this Rating, Rating Report or Information contained therein.

      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 shareclasses of each fund are evaluated separately and their ratings may differ depending on the launch date, fees and expenses relevant to the shareclass. In order to achieve a rating the share class of a fund must have a minimum three-year performance track record.

      For a full description of the ratings, please see our ratings guide. A rating is not a recommendation to buy, sell or hold a fund.

      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.