Ninety One Asia Pacific Franchise Class I Acc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | 6.8% | 31.7% | -18.1% | -0.7% | -2.1% |
| Sector | -5.3% | 38.8% | -8.1% | -4.2% | 4.7% |
| Rank | 3/104 | 79/106 | 89/112 | 14/117 | 111/118 |
| Quartile | 1 | 3 | 4 | 1 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | -7.3% | 2.3% | 8.1% | |
| Sector | -2.7% | 3.9% | 7.3% | |
| Rank | 83/112 | 74/104 | 23/81 | |
| Quartile | 3 | 3 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| STATE ST USD LIQ LNAV-PRM AC | 9.17 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.17 |
| SAMSUNG ELECTRONICS CO. LTD | 8.48 |
| TENCENT HOLDINGS LIMITED | 5.83 |
| ALIBABA GROUP HOLDING LIMITED | 5.75 |
| AIA GROUP LIMITED | 4.89 |
| HDFC BANK LIMITED | 4.56 |
| MEITUAN | 3.40 |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA | 3.23 |
| HINDUSTAN UNILEVER LTD | 2.99 |
| Total | 57.48 |
Fund Aims
The Fund aims to provide capital growth (to grow the value of your investment) over at least 5 years. The Fund invests primarily (at least two-thirds) in the shares and in related derivatives (financial contracts whose value is linked to the price of such shares) of Asia Pacific ex Japan companies (those incorporated in, domiciled in, or that have significant economic exposure to Asia Pacific excluding Japan).
Fund Manager
Juliana is a portfolio manager in the Sustainable Equity team within the Multi-Asset team at Ninety One and is responsible for the Emerging Markets Sustainable Equity strategy.
Prior to joining the firm, Juliana was the lead portfolio manager of the multi-billion euro Emerging Stars and the Asian Stars equity strategies at Nordea Asset Management. Both strategies were at the forefront of sustainable investing in Emerging Markets. The Emerging Stars equity strategy was awarded two Morning star ratings; a 5 Star performance rating and 5 Globe sustainability rating. Before this Juliana held roles with First Swedish National Pension Fund (AP1) as a global equity analyst and assistant portfolio manager, and at BlackRock analysing European equities before becoming an associate and covering Asia ex-Japan equities in the Global Emerging Markets Equity team. Juliana has a Master of Science in Economics & Business from Stockholm School of Economics and has also studied at Ecole des Hautes Etudes Commerciales de Paris (HEC Paris). She is a CFA® Charterholder.
Greg is a co-head of the 4Factor team at Ninety One. He is the portfolio manager for the 4Factor Asia ex Japan and co-portfolio manager on the All China Equity and Asia Pacific ex Japan Equity Strategies. Greg joined the firm in 1999 working as an analyst researching Asian and global equities. Prior to this, Greg spent five years at Ernst & Young in Johannesburg, South Africa, within auditing and consulting, where he specialised in mining and financial companies. He qualified as a Chartered Accountant in 1997. Greg graduated from the University of Witwatersrand in Johannesburg, South Africa, in 1994 and achieved a first class degree in Accountancy and is a CFA® Charterholder.
Charlie is a portfolio manager in Ninety One's Quality team. His focus is on global investments, in particular Asian equities. Prior to joining the firm, Charlie was a portfolio manager at Coupland Cardiff Asset Management, an Asian investment firm with offices in London and Singapore, where he was the lead portfolio manager for CC Asia Alpha, a long-only Asia ex-Japan fund. Before that he held senior positions at JP Morgan; he was the director of Asia Pacific Research and head of Asia Pacific Consumer Research. Charlie has a Bachelor of Science degree in Geography from Durham University and has passed Level III of the CFA® Programme.
Fund Overview
| Mid (30/04/2024) | 375.36p |
| Historic yield | 0.60% |
| Fund size (31/12/2023) | £146.25m |
| Number of holdings | 26 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
| Launch date | 01/06/2007 |
Asset Allocation
| International Equities | 83.78% | |
| Cash and Equivalents | 7.05% | |
| Other Assets | 9.17% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 83.78% | |
| Cash and Equivalents | 7.05% | |
| Other Assets | 9.17% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 36.24% | - | - | - | |
| Technology | - | 36.24% | - | - | |
| Software & Computer Services | - | - | 18.72% | - | |
| Consumer Digital Services | - | - | - | 13.68% | |
| Software | - | - | - | 5.03% | |
| Technology Hardware & Equipment | - | - | 17.53% | - | |
| Semiconductors | - | - | - | 13.68% | |
| Electronic Components | - | - | - | 2.33% | |
| Production Technology Equipment | - | - | - | 1.51% | |
| Financials | 20.70% | - | - | - | |
| Insurance | - | 11.73% | - | - | |
| Life Insurance | - | - | 9.48% | - | |
| Life Insurance | - | - | - | 9.48% | |
| Non-life Insurance | - | - | 2.25% | - | |
| Property & Casualty Insurance | - | - | - | 2.25% | |
| Banks | - | 4.56% | - | - | |
| Banks | - | - | 4.56% | - | |
| Banks | - | - | - | 4.56% | |
| Financial Services | - | 4.41% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.48% | - | |
| Investment Services | - | - | - | 2.48% | |
| Finance & Credit Services | - | - | 1.93% | - | |
| Financial Data & Systems | - | - | - | 1.93% | |
| Non-Classified | 9.17% | - | - | - | |
| Non-Classified | - | 9.17% | - | - | |
| Non-Classified | - | - | 9.17% | - | |
| Non-Classified | - | - | - | 9.17% | |
| Telecommunications | 8.48% | - | - | - | |
| Telecommunications | - | 8.48% | - | - | |
| Telecommunications Equipment | - | - | 8.48% | - | |
| Telecommunications Equipment | - | - | - | 8.48% | |
| Cash and Equivalents | 7.05% | - | - | - | |
| Consumer Discretionary | 5.75% | - | - | - | |
| Retail | - | 5.75% | - | - | |
| Retailers | - | - | 5.75% | - | |
| Diversified Retailers | - | - | - | 5.75% | |
| Consumer Staples | 5.44% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 2.99% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.99% | - | |
| Personal Products | - | - | - | 2.99% | |
| Food, Beverage & Tobacco | - | 2.45% | - | - | |
| Food Producers | - | - | 2.45% | - | |
| Food Products | - | - | - | 2.45% | |
| Industrials | 4.51% | - | - | - | |
| Industrial Goods & Services | - | 4.51% | - | - | |
| Electronic & Electrical Equipment | - | - | 4.51% | - | |
| Electrical Components | - | - | - | 4.51% | |
| Health Care | 2.65% | - | - | - | |
| Health Care | - | 2.65% | - | - | |
| Medical Equipment & Services | - | - | 2.65% | - | |
| Medical Equipment | - | - | - | 2.65% | |
Regional Allocation
| Emerging Asia | 58.93% | |
| Developed Asia | 16.14% | |
| Non-Classified | 12.40% | |
| Cash and Equivalents | 7.05% | |
| South & Central America | 3.40% | |
| North America | 2.07% |
Fixed Interest Currencies
| Rand | 100.00% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 58.93% | - | |
Taiwan
|
- | 18.92% | |
India
|
- | 15.14% | |
China
|
- | 14.87% | |
South Korea
|
- | 10.00% | |
| Developed Asia | 16.14% | - | |
Hong Kong
|
- | 16.14% | |
| Non-Classified | 12.40% | - | |
| Cash and Equivalents | 7.05% | - | |
| South & Central America | 3.40% | - | |
Cayman Islands
|
- | 3.40% | |
| North America | 2.07% | - | |
United States
|
- | 2.07% | |
Breakdown By Market Cap (%)
| Mega |
|
49.01% |
| Large |
|
7.59% |
| Medium |
|
13.39% |
| Non-Classified |
|
22.96% |
| Cash |
|
7.05% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | STATE ST USD LIQ LNAV-PRM AC | 9.17% | Managed Funds | Non-Classified |
| 2 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.17% | Technology Hardware & Equipment | Taiwan |
| 3 | SAMSUNG ELECTRONICS CO. LTD | 8.48% | Telecommunications Equipment | South Korea |
| 4 | TENCENT HOLDINGS LIMITED | 5.83% | Software & Computer Services | Hong Kong |
| 5 | ALIBABA GROUP HOLDING LIMITED | 5.75% | Retailers | China |
| 6 | AIA GROUP LIMITED | 4.89% | Life Insurance | Hong Kong |
| 7 | HDFC BANK LIMITED | 4.56% | Banks | India |
| 8 | MEITUAN | 3.40% | Software & Computer Services | Cayman Islands |
| 9 | PING AN INSURANCE (GROUP) COMPANY OF CHINA | 3.23% | Life Insurance | Non-Classified |
| 10 | HINDUSTAN UNILEVER LTD | 2.99% | Personal Care, Drug & Grocery Stores | India |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 36.24% | - | - | - | - | - | - | 36.24% |
| Telecommunications | - | 8.48% | - | - | - | - | - | - | 8.48% |
| Financials | - | 20.70% | - | - | - | - | - | - | 20.70% |
| Consumer Discretionary | - | 5.75% | - | - | - | - | - | - | 5.75% |
| Consumer Staples | - | 5.44% | - | - | - | - | - | - | 5.44% |
| Health Care | - | 2.65% | - | - | - | - | - | - | 2.65% |
| Industrials | - | 4.51% | - | - | - | - | - | - | 4.51% |
| Cash and Equivalents | - | - | - | - | - | - | - | 7.05% | 7.05% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B1XFJD4 |
| Mex Code | YFAJPI |
| Isin Code | GB00B1XFJD49 |
| Citi Code | AED1 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
Aims and Benchmark
| Aims | The Fund aims to provide capital growth (to grow the value of your investment) over at least 5 years. The Fund invests primarily (at least two-thirds) in the shares and in related derivatives (financial contracts whose value is linked to the price of such shares) of Asia Pacific ex Japan companies (those incorporated in, domiciled in, or that have significant economic exposure to Asia Pacific excluding Japan). |
| Benchmark | MSCI AC Asia Pacific ex Japan Net Return (MSCI AC Asia ex Japan Net Return pre 16/10/2017, Far East ex Japan pre 01/03/2008) |
| Benchmark Category | - |
| IA Sector | Asia Pacific Excluding Japan |
Fund Background
| Valuation frequency | Daily |
| Valuation point | - |
| Fund type | OEIC |
| Launch price | - |
| Fund currency | Pound Sterling |
| Fund domicile | - |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 January | 28 February |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | State Street Trustees Limited |
| Fund Administrator | SS&C Financial Services International Limited |
| Fund Registrar | SS&C Financial Services Europe Limited |
| Fund Custodian | State Street Bank and Trust Company |
Group Details
| Group name | Ninety One |
| Group address | 55 Gresham Street London EC2V 7QP |
| Group telephone | +44 (0) 203 938 1900 |
| Dealing telephone | +44 (0) 203 938 1900 |
| enquiries@ninetyone.com | |
| Homepage | https://ninetyone.com/en/united-kingdom |
| Fax number | +44 (0) 203 938 1900 |
Dealing
| Minimum Investment | £1000000 |
| Minimum Top Up | £250000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -4.87 |
| Beta | 1.14 |
| Sharpe | -0.02 |
| Standard Deviation | 16.15 |
| Info Ratio | -0.85 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.