A high-conviction portfolio of attractively valued businesses that has a proven track record of navigating a world of geopolitical stress, economic uncertainty and structural change.
Key points:
Holdings that we believe have a strong competitive advantage, possess robust balance sheets and generate healthy cash flows
Companies reinvest this cash often at high rates of return, making these businesses best placed to prosper throughout varying market conditions
We look at sustainability through a stakeholder framework, assessing how each portfolio company treats every element of its business environment
Managed by Simon Brazier, who is backed by an experienced and well-resourced investment team, with a successful long-term track record
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. The Fund will focus on equities believed to offer above average opportunities for total returns.
Fund features
A core, diversified portfolio of UK stocks blending quality and opportunity
Ben Needham
Portfolio Manager
Ben is a portfolio manager in Ninety One’s Quality investment team, based in London. He is...
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. The Fund will focus on equities believed to offer above average opportunities for total returns.
Fund features
A core, diversified portfolio of UK stocks blending quality and opportunity
Ben Needham
Portfolio Manager
Ben is a portfolio manager in Ninety One’s Quality investment team, based in London. He is co-portfolio manager of the UK Equity Income and UK Alpha strategies. In addition, he is responsible for UK equity idea generation and research.
Prior to joining the firm, Ben was a Pan European analyst at Threadneedle and, prior to that, a UK analyst at Aviva Investors.
Ben graduated from the University of Bath with a BSc Honours first class degree in Business Administration. In addition, Ben has passed Level III of the CFA® Programme.
Top & bottom sector weightings vs comparative index (%)
Top & bottom stock weightings vs comparative index (%)
Top holdings (%)
Portfolio statistics
Fund Portfolio Holdings data is not available, please try again after sometime.
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.
Geographic breakdown (%)
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.
Sector breakdown (%)
Industrials
Fund: 33.9%
Index: 11.8%
Consumer Staples
Fund: 21%
Index: 12.5%
Technology
Fund: 16.8%
Index: 2.5%
Health Care
Fund: 9%
Index: 12%
Financials
Fund: 8.1%
Index: 29%
Consumer Discretionary
Fund: 7.3%
Index: 6.1%
Basic Materials
Fund: 3.2%
Index: 7.8%
Energy
Fund: 0%
Index: 10.2%
Real Estate
Fund: 0%
Index: 1.9%
Telecommunications
Fund: 0%
Index: 1.4%
Other
Fund: 0%
Index: 4.8%
Cash
Fund: 0.7%
Index: 0%
Top & bottom sector weightings vs comparative index (%)
Industrial Support Services
18.5%
Software And Computer Services
10.5%
General Industrials
5.5%
Beverages
4.2%
Finance And Credit Services
3.3%
Pharmaceuticals And Biotechnology
-5.8%
Aerospace And Defense
-6.1%
Oil
-6.7%
Industrial Metals And Mining
-6.7%
Banks
-15.8%
Top & bottom stock weightings vs comparative index (%)
DCC Plc
5.1%
Wise Plc
5.1%
Diageo Plc
5.1%
Amadeus IT Group SA
4.8%
Relx NV
3.8%
BP Plc
-3.3%
Rolls-Royce Holdings Plc
-3.6%
Shell Plc
-6.7%
AstraZeneca Plc
-7.4%
HSBC Holdings Plc
-8.2%
Top holdings (%)
Diageo Plc
6.2%
Unilever Plc
6%
RELX Plc
5.5%
DCC Plc
5.3%
Wise Plc
5.1%
London Stock Exchange Group Plc
5%
Amadeus IT Group SA
4.8%
Haleon Plc
4.2%
Experian Plc
4%
Autotrader Group Plc
3.8%
Portfolio statistics
Number of equity holdings: 32
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.
For a full description of the Morningstar rating for funds, please see the attached guide. A rating is not a recommendation to buy, sell or hold a guide.
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.
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.