UK OEIC

Global Franchise

Latest NAV Price

1.01
24 September 2020

NAV daily change %

-2.21

Dealing currency

GBP

Fund size

GBP 132.36 M
28 August 2020

Latest NAV Price

1.01
24 September 2020

NAV daily change %

-2.21

Dealing currency

GBP

Fund size

GBP 132.36 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 companies around the world.
      • The Fund focuses on investing in companies believed to be of high quality, which are typically associated with global brands or franchises.
      • 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.
      Clyde Rossouw
      Portfolio Manager
      Clyde is Co-Head of Quality at Ninety One. He is a portfolio manager with a focus...

      Performance & returns

      24/09/2020
      As the share class was launched less than 12 months ago, performance is not disclosed.

      Key facts & Downloads

      • Domicile

        United Kingdom
      • Risk profile

        5
      • ISIN

        GB00BMZ80R92
      • SEDOL

        BMZ80R9
      • Fund inception date

        01/10/2012
      • Share class inception date

        01/06/2020
      • Benchmark

        MSCI AC World Net Return
      • IA sector

        IA Global
      • Valuation & transaction cut-off

        12 noon (forward pricing)

      Portfolio & Holdings

      Date as of 31/08/2020
      Index
      Fund
      United States
      58.7
      Europe ex UK
      13.0
      United Kingdom
      3.6
      Other
      2.9
      Far East ex Japan
      3.1
      Emerging Markets
      12.1
      Japan
      6.6
      Cash

      Charges

      Maximum initial charge %

      0.00

      Ongoing charge %

      0.73
      The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.

      Specific fund risks

      Concentrated portfolio

      The portfolio invests in a relatively small number of individual holdings. This may mean wider fluctuations in value than more broadly invested portfolios.

      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.

      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.