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Ninety One Commodity Fund | South African–Equity–Resource
47.6617    -1.0387    (-2.133%)
NAV price (ZAR) Tue 11 May 2021 (change prev day)
 
Technical Details  
 

Formation Date (R)

31 Jan 1995

Fund Size (ZAR)

1 486 301 881

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (R)

INVC

ISIN (R)

ZAE000020285

Pricing

Daily

Number of unitholders

994

ASISA Category

SA-Equity-Resource

Benchmark

JSE Resources 10

Income Distributions

31/03,30/09

Income Payment

15/04,15/10

Trustee

FirstRand Bank Ltd.

Management Company

Ninety One Fund Managers SA (RF) (Pty) Ltd.

Fund Management

Daniel Sacks

Minimum Investment

R10 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

High

 
Fund Objective  
 
The Ninety One Commodity Fund aims to grow capital over the long term. The objective is to achieve returns well in excess of the benchmark, measured over three year periods. The fund invests in listed companies that are involved in mining, minerals, energy, natural resources and other commodities. The fund aims to take advantage of changing commodity cycles by investing in a range of resources such as gold, platinum, iron, steel, coal, oil and pulp. The investment team uses Ninety One's proprietary research platform. The fund favours equities that have a history of value creation, demonstrate strong and improving operating performance, are attractively valued relative to this performance and are increasingly drawing investors' attention....Read more
 
Management  
 
Daniel Sacks (BSc (Hons), CFA)
Daniel is a portfolio manager at Ninety One and a member of the SA Equities & Multi-Asset team. He has portfolio management responsibility for the South African Resources Strategy as well as the Small Cap Strategy and is responsible for the analysis of South African precious metals shares. He joined the firm in September 1997 as a portfolio administrator, before moving to the research department in 1999 as an investment analyst in the resources sector. Daniel graduated from the University of Cape Town with a Bachelor of Business Science (Hons) degree in Economics and is a CFA Charterholder.
 
Fees and Costs - Class R  
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee1.15%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (31/03)1.18%
TER Performance Fee0.00%
Transaction Costs Ratio0.46%
Total TER1.64%
 
Distribution - Class R
DeclaredPayAmountClassCurrency
31 Mar 20216 Apr 202164.310RZARc
30 Sep 20202 Oct 202041.140RZARc
31 Mar 20202 Apr 202030.130RZARc
30 Sep 20192 Oct 201928.040RZARc
31 Mar 20192 Apr 201913.520RZARc
30 Sep 20182 Oct 201841.690RZARc
31 Mar 20184 Apr 20187.980RZARc
30 Sep 20173 Oct 201720.990RZARc
31 Mar 20177 Apr 20170.080RZARc
30 Sep 20167 Oct 201611.170RZARc
 
Statutory Data  
 
Management CompanyNinety One Fund Managers SA (RF) (Pty) Ltd.
Registration Number1987/004390/07
DirectorsNoluthando Gosa, John C Green, Thabo Khojane
TrusteeFirstRand Bank Ltd.
AuditorsKPMG South Africa
Sponsors-
AdvisorsNinety One SA (Pty) Ltd.
Physical Address36 Hans Strijdom Avenue Foreshore Cape Town 8001
Postal AddressPO Box 1655 Cape Town 8000
Telephone021-416-2000
Tollfree0860-500-100
Fax021-416-2001
Emailiamclientservicessa@investecmail.com
Websitehttp://www.investecassetmanagement.com
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