The Fund aims to achieve long-term capital growth primarily through investment in equities issued by companies around the globe that are expected to benefit from a long term increase in the prices of commodities and natural resources. At least two-thirds of the companies invested in will be involved in mining, extracting, producing, processing or transporting a natural resource or commodity or will be companies which provide services to such companies.

Ninety One Luxembourg S.A.

Ninety One UK Limited

Sector Equity Natural Resources

Morningstar Gbl Upstm Nat Res NR USD

Equity

MSCI ACWI Select Natural Res Cap NR USD

Ninety One GSF Glb Ntrl Res A Acc HKD

Ninety One GSF Glb Ntrl Res I Acc USD

2024

2023

2022

2021

2020

United States

United Kingdom

Canada

South Africa

Norway

France

Brazil

Australia

Other countries

Unclassified

Basic Materials

Energy

Industrials

Consumer Defensive

Healthcare

Utilities

Shell PLC

Rio Tinto PLC Ordinary Shares

Chevron Corp

TotalEnergies SE

Exxon Mobil Corp

Corteva Inc

Anglo American PLC

Cheniere Energy Inc

CNH Industrial NV

Williams Companies Inc