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

Switzerland

Australia

Brazil

Other countries

Unclassified

Basic Materials

Energy

Industrials

Consumer Defensive

Utilities

Healthcare

Shell PLC

Deere & Co

Rio Tinto PLC Ordinary Shares

Corteva Inc

Chevron Corp

Exxon Mobil Corp

Cheniere Energy Inc

TotalEnergies SE

Freeport-McMoRan Inc

Anglo American PLC