| Morningstar Fund Report | 17/04/2025 |  |
Ninety One Global Strategy Fund - Global Franchise Fund A Acc USD |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 18.9 | -9.2 | 11.6 | 8.7 | -0.4 |
| +/-Cat | 4.4 | 8.9 | -4.4 | -6.5 | 6.2 |
| +/-B’mrk | 0.9 | 9.8 | -10.7 | -15.3 | 8.2 |
| Category: Global Large-Cap Growth Equity | ||||||
| Category Benchmark: Morningstar Gbl Growth TME ... | ||||||
| Key Stats | ||
| NAV 15/04/2025 | USD 87.06 | |
| Day Change | -0.06% | |
| Morningstar Category™ | Global Large-Cap Growth Equity | |
| ISIN | LU0426412945 | |
| Fund Size (Mil) 15/04/2025 | USD 8117.37 | |
| Share Class Size (Mil) 15/04/2025 | USD 1223.20 | |
| Max Initial Charge | 5.00% | |
| Ongoing Charge 28/03/2025 | 1.90% | |
| Morningstar Research |
| Analyst Report | 01/10/2024 Harsh Jain, Analyst Morningstar, Inc |
A strong team and well-grounded process result in Ninety One GSF Global Franchise's I share class once again earning a Morningstar Analyst Rating of Bronze, with other share classes ranging between Bronze and Neutral as a result of fees. Over... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 24 |
| Parent | 24 |
| Process | 24 |
| Performance | |
| Price | |
| Investment Objective: Ninety One Global Strategy Fund - Global Franchise Fund A Acc USD |
| The Sub-Fund aims to provide capital growth (i.e. to grow the value of your investment), with opportunity for income over the long-term. The Sub-Fund invests primarily in equities (e.g. shares of companies) around the world. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
Clyde Rossouw 12/08/2011 | ||
Abrie Pretorius 02/04/2024 | ||
| Click here to see others | ||
Inception Date 04/07/2009 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| MSCI ACWI NR USD | Morningstar Gbl Growth TME NR USD |
| Portfolio Profile for Ninety One Global Strategy Fund - Global Franchise Fund A Acc USD | 31/03/2025 |
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| Top 5 Holdings | Sector | % |
 Visa Inc Class A |  Financial Services | 9.87 |
| Philip Morris International Inc |  Consumer Defensive | 6.91 |
| Microsoft Corp |  Technology | 6.58 |
| ASML Holding NV | Technology | 5.90 |
| VeriSign Inc | Technology | 5.20 |
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 Increase  Decrease  New since last portfolio | ||
| Ninety One Global Strategy Fund - Global Franchise Fund A Acc USD | ||
| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | 1.45 | 22.10 | 11.71 | 18.93 | -9.20 | 11.61 | 8.66 | -0.36 |
| +/- Category | 6.20 | -2.13 | -11.99 | 4.37 | 8.88 | -4.41 | -6.54 | 6.22 |
| +/- Category Index | - | - | - | 0.87 | 9.77 | -10.70 | -15.29 | 8.25 |
| % Rank in Category | 4 | 73 | 90 | 33 | 9 | 70 | 79 | 6 |
| Trailing Returns (GBP) | 15/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -0.06 | -0.05 | -0.09 |
| 1 Week | 4.47 | 1.84 | -0.52 |
| 1 Month | -3.18 | 1.93 | 3.00 |
| 3 Months | -6.35 | 5.72 | 8.27 |
| 6 Months | 0.01 | 8.26 | 7.25 |
| YTD | -4.35 | 5.89 | 7.90 |
| 1 Year | 2.00 | 6.14 | 1.60 |
| 3 Years Annualised | 4.42 | 0.89 | -2.28 |
| 5 Years Annualised | 7.47 | -0.86 | -3.30 |
| 10 Years Annualised | 9.13 | 0.73 | -1.13 |
| Category: Global Large-Cap Growth Equity | |||
| Category Index: Morningstar Gbl Growth TME NR USD | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -0.36 | - | - | - |
| 2024 | 4.88 | 0.68 | -3.25 | 6.35 |
| 2023 | 3.75 | 1.59 | -0.12 | 6.02 |
| 2022 | -6.22 | -6.61 | 1.09 | 2.57 |
| 2021 | 0.43 | 9.86 | 0.65 | 7.10 |
| 2020 | -7.04 | 16.83 | -0.35 | 3.21 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Global Large-Cap Growth Equity | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar Gbl Growth TME NR USD | Morningstar US Mod Tgt Alloc NR USD | |
| 3-Yr Beta | 0.83 | 1.31 |
| 3-Yr Alpha | -1.06 | -0.46 |
| Investment Style Details | 31/03/2025 | ||||||||||||||||||||||||||||||||||||||||
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| Category: Global Large-Cap Growth Equity | |||||||||||||||||||||||||||||||||||||||||
| Asset Allocation | 31/03/2025 |
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| World Regions | 31/03/2025 | ||||||||||||||||||||||||||||||||||||||||||
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| Category: Global Large-Cap Growth Equity | |||||||||||||||||||||||||||||||||||||||||||
| Sector Weightings | 31/03/2025 | |||||||||||||||||||||
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| Category: Global Large-Cap Growth Equity | ||||||||||||||||||||||
| Top 10 Holdings | 31/03/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 29 |
| Total Number of Bond Holdings | 0 |
| Assets in Top 10 Holdings | 55.03 |
| Name | Sector | Country | % of Assets | ||
| Visa Inc Class A | | United States | 9.87 | ||
| Philip Morris International Inc | | United States | 6.91 | ||
| Microsoft Corp | | United States | 6.58 | ||
| ASML Holding NV | | Netherlands | 5.90 | ||
| VeriSign Inc | | United States | 5.20 | ||
| Booking Holdings Inc |  | United States | 4.87 | ||
| Intuit Inc | | United States | 4.27 | ||
| Autodesk Inc | | United States | 3.95 | ||
| Alphabet Inc Class A |  | United States | 3.76 | ||
| Beiersdorf AG | | Germany | 3.71 | ||
| Increase Decrease New since last portfolio | |||||
| Category: Global Large-Cap Growth Equity | |||||
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| Biography | |
| Clyde is Head of Quality at Ninety One, based in Cape Town. He is lead portfolio manager of the Global Franchise and Opportunity strategies, co-portfolio manager of the Global Quality Dividend Growth Strategy and portfolio manager of the International Franchise strategy. Clyde joined the firm in 1999, initially as an asset allocation and sector allocation strategist. Prior to Ninety One, Clyde was awarded a study bursary by Sanlam where he worked for eight years, including five years in asset management. His experience in investments included fixed income analysis and portfolio management. Clyde graduated from the University of Cape Town with a Bachelor of Science degree in Statistics and Actuarial Science. He was awarded the Certificates in Actuarial Techniques in 1995, and Finance and Investments in 1997 by the Institute of Actuaries in London. Clyde is a CFA® Charterholder. |
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| Fund Manager | Abrie Pretorius |
| Manager Start Date | 02/04/2024 |
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| Biography | |
| Abrie is a portfolio manager and analyst in the Quality team based in New York. His portfolio manager duties include being a portfolio manager on the Global Quality Equity Income Strategy as well as being the alternate-portfolio manager on the team’s flagship Global Franchise Strategy. As an analyst, Abrie is responsible for global equity research for the Global Quality equity strategies. He joined Ninety One in 2007, where he was instrumental in developing the market risk modelling capabilities in our London and Cape Town offices. Abrie has been a member in the Global Quality team since inception of the team’s flagship global strategies. He graduated cum laude from the University of the North West, Potchefstroom Campus, with a Master of Science degree in Quantitative Risk Management: Investment Management. Abrie holds the Investment Management Certificate (IMC) and is a CFA® Charterholder. |
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| Fund Manager | Elias Erickson |
| Manager Start Date | 02/04/2024 |
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| Biography | |
| Elias is a portfolio manager in Ninety One's Quality investment team, based in New York. He is lead portfolio manager of the International Franchise strategy and portfolio manager of the Global Franchise strategy. In addition, he is responsible for global equity idea generation and research. Prior to joining the firm, Elias was a managing director at Thornburg Investment Management where he worked as an associate portfolio manager for the Thornburg Global Opportunities Fund. His previous role was with Dodge & Cox where he was responsible for global equity research in the capital goods, medical devices and chemicals sectors. Elias started his career as an investment banking analyst in the healthcare group of Lehman Brothers / Barclays Capital. Elias received an MBA from Stanford University and a BS from Brigham Young University (magna cum laude) where he was a presidential scholar. |
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| Fund Manager | Paul Vincent |
| Manager Start Date | 02/04/2024 |
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| Biography | |
| Paul is a portfolio manager in Ninety One’s Quality investment team, based in London. He is co-portfolio manager of the American Franchise strategy and portfolio manager of the Global Franchise strategy. In addition, he is responsible for managing the research process for all of the Quality team’s global strategies, as well as global equity idea generation and research. Paul joined the Quality investment team in 2013. Prior to this, he was a Senior Manager in Ninety One’s Investment Operations team. Paul graduated from the University of Surrey in 2010 with a first-class Bachelor of Science (Hons) degree in Business Management. During his studies, Paul completed a 14-month industrial placement at UBS Global Asset Management, with responsibilities covering client reporting and data management. Paul is also a CFA® Charterholder and holds the Investment Administration Qualification (IAQ) and Investment Management Certificate (IMC). |
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