Ninety One Global Strategy Fund - Emerging Markets Local Currency Dynamic Debt Fund A Acc EUR
Ninety One Global Strategy Fund (SICAV domiciled in Luxembourg)
Key Information
Legal Documents

Fund Profile

Category: SICAV

The Fund aims to provide income and long-term capital growth. The Fund invests primarily in bonds (contracts to repay borrowed money which typically pay interest at fixed times). These bonds are issued by governments, institutions or companies in emerging markets (countries that are in economic terms less developed than the major Western countries) predominantly in the currency of the issuing country. The Fund may invest in other assets such as cash, other funds (which may be managed by the Investment Manager, other companies in the same group as the Investment Manager 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 (i.e. in order to achieve the Fund’s investment objectives) or for efficient portfolio management purposes e.g. with the aim of either managing the Fund risks or reducing the costs of managing the Fund. The Investment Manager is free to choose how the Fund is invested. However, the JPMorgan GBI-EM Global Diversified Composite Index is currently taken into account when the Fund’s investments are selected. Any income due from your investment is reflected in the value of your shares rather than being paid out. You can buy or sell shares in the Fund on any Business Day in Luxembourg and the UK, as defined in the definitions section of the Investec Global Strategy Fund’s prospectus. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within the short to medium term.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
Lower Risk
Possible Lower
Higher Risk
Possible Higher
Key Information
Closing Price 17/09/202019.63
Morningstar categoryGlobal Emerging Markets Bond - Local Ccy
Distribution statusAccumulating
Inception Date21/06/2012
Minimum initial amount3,000.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.81% of which 0.75% is paid to MeDirect
Fund management company
AddressNinety One Luxembourg S.A. 2-4 Avenue Marie-Thérèse, Luxembourg, L-2132 Luxembourg L-2132 Luxembourg
Manager NameWerner Gey van Pittius
Manager Start Date01/12/2012
Total Net Assets (mil)2,077.00 EUR (31/08/2020)
AdministratorState Street Bank International GmbH, Luxembourg Branch


en 01/06/2020
Annual Report
en 31/12/2019
Semi Annual Report
en 30/06/2020
Morningstar Report


Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year-6.08%17/09/2020
3 years-0.65%17/09/2020
5 years2.11%17/09/2020
Since launch0.67%17/09/2020
Cumulative performance in EUR
YTD 01/01/2020-8.57
1 month2.03
3 months-1.85
6 months4.86
Quarterly Returns
Q 1Q 2Q 3Q 4

Asset Allocation
% Long% Short% Net Assets
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
Sharpe Ratio
Sortino Ratio
Positive Months6.0019.0033.00
Negative Months6.0017.0027.00
Worst Month-12.33-12.33-12.33
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
Ninety One GSF All China Bond S Acc USD Luxembourg2.38
The Republic of Peru 6.15% 12/08/2032Peru2.30
Malaysia (Government Of) 3.8% 17/08/2023Malaysia2.02
Brazil (Federative Republic) 10% 01/01/2023Brazil1.98
JPMorgan Chase Bank, National Association 7% 18/09/2030United States1.96
Secretaria Tesouro Nacional 10% 01/01/2025Brazil1.95
Russian Federation 7.75% 16/09/2026Russia1.85
Russian Federation 7.7% 23/03/2033Russia1.83
Russian Federation 7.95% 07/10/2026Russia1.72
The Republic of Peru 6.95% 12/08/2031Peru1.67
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
No Data Available
Closing Price
All key information and documents must be reviewed before being able to Invest.