Morningstar Fund Report  | 10/04/2025Print

Ninety One Global Strategy Fund - Global Environment Fund A Acc SGD Hedged (Reference)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Ninety One Global Strategy Fund - Global Environment Fund A Acc SGD Hedged (Reference)
Fund9.4-13.9-1.6-4.9-3.8
+/-Cat-----
+/-B’mrk-----
 
Category: Other Equity
Category Benchmark: -
Key Stats
NAV
09/04/2025		 SGD 17.18
Day Change 6.84%
Morningstar Category™ Other Equity
ISIN LU2257466305
Fund Size (Mil)
04/04/2025		 USD 483.30
Share Class Size (Mil)
04/04/2025		 SGD 19.47
Max Initial Charge 5.00%
Ongoing Charge
28/03/2025		  1.90%
Investment Objective: Ninety One Global Strategy Fund - Global Environment Fund A Acc SGD Hedged (Reference)
The Sub-Fund aims to achieve total returns comprised of capital growth and income over the long-term. The Sub-Fund’s environmental objective is to make sustainable investments that aim to contribute to positive environmental impact. It does this by investing in accordance with its investment policy in companies which are considered by the Investment Manager as contributing to positive environmental change through sustainable decarbonisation. The Sub-Fund invests in companies that generate the majority of their revenues from environmental sources.
Returns
Trailing Returns (GBP)09/04/2025
YTD-7.65
3 Years Annualised-4.53
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Deirdre Cooper
25/02/2019
Graeme Baker
25/02/2019
Inception Date
30/11/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR USD-
Portfolio Profile for  Ninety One Global Strategy Fund - Global Environment Fund A Acc SGD Hedged (Reference)28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock95.070.0095.07
Bond0.050.000.05
Property0.000.000.00
Cash5.120.244.88
Other0.000.000.00
Top 5 Regions%
United States35.92
Eurozone16.80
Asia - Emerging14.01
Europe - ex Euro12.85
Asia - Developed10.81
Top 5 Sectors%
Technology33.03
Industrials31.80
Utilities20.65
Basic Materials8.36
Consumer Cyclical6.15
Top 5 HoldingsSector%
Waste Management IncIndustrialsIndustrials6.76
NextEra Energy IncUtilitiesUtilities6.34
Iberdrola SAUtilitiesUtilities6.08
Autodesk IncTechnologyTechnology5.26
Contemporary Amperex Technology ... IndustrialsIndustrials5.14
Increase Decrease New since last portfolio
Ninety One Global Strategy Fund - Global Environment Fund A Acc SGD Hedged (Reference)
Growth Of 1000 (GBP) 31/03/2025
Fund:  Ninety One Global Strategy Fund - Global Environment Fund A Acc SGD Hedged (Reference)
Category:  Other Equity
Category Index: 
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 202120222023202431/03
Price Return9.41-13.93-1.64-4.87-3.76
+/- Category-----
+/- Category Index-----
% Rank in Category-
Trailing Returns (GBP)09/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day6.84   --
1 Week-4.41   --
1 Month-8.54   --
3 Months-8.47   --
6 Months-16.70   --
YTD-7.65   --
1 Year-12.72   --
3 Years Annualised-4.53   --
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: Other Equity
Category Index: 
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.76---
20240.85-4.9610.34-10.05
20237.34-3.89-12.418.85
2022-13.05-7.07-2.138.84
2021-5.266.811.586.45
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Other EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev19.98 %
3-Yr Mean Return-1.88 %
 
3-Yr Sharpe Ratio-0.29
 
Modern Portfolio Statistics-31/03/2025
 Standard IndexBest Fit Index
   Morningstar Gbl Renew Enrg NR USD
3-Yr Beta-1.43
3-Yr Alpha-0.22
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 36779-
Market Capitalisation% of Equity
Giant28.22
Large37.43
Medium30.46
Small3.89
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings19.271.23
Price/Book3.001.31
Price/Sales2.281.21
Price/Cash Flow11.571.19
Dividend-Yield Factor1.760.70
 
Long-Term Projected Earnings Growth10.651.06
Historical Earnings Growth11.681.74
Sales Growth5.051.00
Cash-Flow Growth3.550.50
Book-Value Growth11.753.69
 
Category: Other Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock95.070.0095.07
Bond0.050.000.05
Property0.000.000.00
Cash5.120.244.88
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States35.920.84
Canada0.000.00
Latin America0.000.00
United Kingdom7.030.76
Eurozone16.801.36
Europe - ex Euro12.852.98
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan2.580.57
Australasia0.000.00
Asia - Developed10.814.77
Asia - Emerging14.012.09
 
Category: Other Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials8.360.57
Consumer CyclicalConsumer Cyclical6.150.67
UtilitiesUtilities20.654.86
IndustrialsIndustrials31.802.67
TechnologyTechnology33.031.96
 
Category: Other Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings26
Total Number of Bond Holdings0
Assets in Top 10 Holdings53.57
NameSectorCountry% of Assets
Waste Management Inc310United States6.76
NextEra Energy Inc207United States6.34
Iberdrola SA207Spain6.08
Autodesk Inc311United States5.26
Contemporary Amperex Technology Co Lt... 310China5.14
TE Connectivity PLC Registered Shares311United States5.02
Infineon Technologies AG311Germany4.86
Novonesis (Novozymes) B Class B101Denmark4.84
Taiwan Semiconductor Manufacturing Co... 311Taiwan4.73
Schneider Electric SE310France4.54
 
Increase Decrease New since last portfolio
Category: Other Equity
 
Management
Name of CompanyNinety One Luxembourg S.A.
Phone+352 28 12 77 20
Websitewww.ninetyone.com
Address2-4 Avenue Marie-Thérèse, Luxembourg, L-2132
 Luxembourg   L-2132
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date30/11/2020
Fund Advisor(s)
Ninety One UK Limited
Fund ManagerDeirdre Cooper
Manager Start Date25/02/2019
Education
Harvard Bussiness Shool, MBA
University College Dublin, B.A.
 
Biography
Deirdre is Head of Sustainable Equity at Ninety One. Deirdre is a leading voice in understanding and committing to sustainable investing, particularly investment to address and combat climate change. Ninety One’s Global Environment Strategy, which she co-manages, invests in companies enabling the transition to a low-carbon economy to capture the structural growth driven by decarbonization. Prior to joining Ninety One in 2018, Deirdre was a Partner, Portfolio Manager and Head of Research at Ecofin. Before joining Ecofin, Deirdre was an investment banker at Morgan Stanley where she headed their European Renewable Energy coverage effort and built an investment banking and principal investing franchise. She has long had a passion for sustainable investing and has worked on a voluntary basis in the microfinance sector both in the US and in Pakistan. She is a member of the advisory board for Imperial College’s Centre for Climate Finance and Investment. She is a peer reviewer for the IEA’s World Energy Outlook. Deirdre earned her MBA from Harvard Business School, where she was a Baker Scholar, and her BA in Actuarial Science from University College Dublin.
Fund ManagerGraeme Baker
Manager Start Date25/02/2019
 
Biography
Graeme is a portfolio manager in the Sustainable Equity team at Ninety One. Graeme is co-portfolio manager for the Global Environment strategy. He joined the team in 2010. During this time, he has been instrumental in driving the team’s work on the Energy Transition and co-authored the 2016 paper on the subject; “Our energy future: creating a sustainable global energy system”. This work has provided the base for the team’s investment process and philosophy around the process of Sustainable Decarbonisation. Prior to joining the firm, Graeme worked as an investment analyst at Hargreaves Lansdown Asset Management where he focused on Alternatives and Global Equities. Graeme received a BSc in Economics from the University of Bristol and is a CFA® Charterholder, a member of the CFA® Society of the UK and holds the Investment Management Certificate (IMC).
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.90%
Purchase Details
Minimum Investments
Initial3000  SGD
Additional750  SGD
Savings-
Tax Free Savings Schemes
ISAsNo