Offshore Funds (UCITS)

UK Alpha

Latest NAV Price

27.5200
25 February 2021

NAV daily change %

-1.89

Dealing currency

USD

Fund size

USD 463.45 M
29 January 2021

Latest NAV Price

27.5200
25 February 2021

NAV daily change %

-1.89

Dealing currency

USD

Fund size

USD 463.45 M
29 January 2021

Objective

Investment objective summary

The Fund aims to achieve capital growth and provide income over the long term primarily through investment in equities issued by UK Companies.

Simon Brazier
Portfolio Manager
Simon is Co-Head of Quality at Ninety One. He is a portfolio manager with a focus...

Performance & returns

02/25/2021
As the share class was launched less than 12 months ago, performance is not disclosed.

Key facts

  • Domicile

    Luxembourg
  • Risk profile

    6
  • ISIN

    LU2114233153
  • Bloomberg code

    UKALAUA LX
  • CUSIP

    L54486540
  • Benchmark

    FTSE All-Share Total Return
  • Morningstar category sector

    UK Large-Cap Equity
  • Fund inception date

    01/25/1985
  • Share class inception date

    03/27/2020
  • Minimum investment

    USD3,000
  • Valuation & transaction cut-off

    16:00 New York Time (forward pricing)

Portfolio & Holdings

Date as of 01/31/2021
This Fund is primarily invested in securities of UK companies. However, due to globalisation, the economic exposures of the investments will be to a range of countries.

Charges

Maximum initial charge %

5.00

Ongoing charge %

1.90
The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.

Specific fund risks

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.

Geographic / Sector

Investments may be primarily concentrated in specific countries, geographical regions and/or industry sectors. This may mean that the resulting value may decrease whilst portfolios more broadly invested might grow.

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.