LU0846948437
Ninety One Global Natural Resources Fund (Dist.)

  • Equities
  • Global
  • USD Cash
  • Distributing
Invest with
USD Cash
Payout type
Distributing
Risk rating
6
About this fund
Description
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-th...
Key information
Annual report
Product Highlight Sheet
Prospectus
Information Memorandum
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Provides clients with exposure to natural resource companies that offer a degree of inflation protection while providing exposure to energy transition themes.
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people
People
Managed by 3 co-PMs who are specialists in their respective sub sectors with Tom Nelson specialising in Energy, George Cheveley in Metals and Minings and Dawid Heyl in Agriculture.Operate a team-based approach with all members of the investment team having input into portfolio construction through their sector responsibilities. The team is supported by the 9 equity research analysts from the Multi-Asset equity research team.
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performance
Performance
Have outperformed the benchmark and peers consistently since inception with strong risk-adjusted returns and a lower correlation with equities and fixed income.
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process
Process
Combines both top-down and bottom-up approaches as they apply macro inputs to identify the conviction level for each commodity and the respective sub sector. The team then applies fundamental analysis to identify suitable companies.Portfolio is constructed from the best bottom up ideas with a focus on strong cash flow and stable companies. Positions are weighted according to a company’s contribution to portfolio risk and model upside/ conviction.
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cost
Cost
Access to institutional share class with no trailer fees to achieve the lowest possible fees.
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selectionCriteria
How it fits in a portfolio
Investors looking for an investment in the natural resources equity sector to benefit from future resource price increases can consider an investment in the Fund.The Fund’s inflation-hedging characteristics and differentiated investment approach should also appeal to investors who are seeking shelter from rising prices but are uncomfortable with having too much energy exposure.At the same time, due to the nature of the natural resources industry, investors should be mindful that the Fund can experience periods of heightened volatility and steep drawdowns.Therefore, investors should be aware of the Fund’s risk profile when considering an allocation.Updated as of 2022/10/31
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Invest in this fund
Performance
Shows the total return of this distributing fund, which includes dividends paid out.
Total returns
All Time
104.80%
YTD
21.32%
1 month
6.17%
6 month
15.10%
1 year
13.08%
3 year
37.96%
5 year
124.99%
10 year
194.47%
As of Aug 2025
Distributions
1.33%
31 Dec 2024
Risk metrics
Max drawdown
-47.27%As of Aug 2025
Volatility
20.67%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-5.6%-0.2%4.2%-3.4%4.6%4.4%-1.3%6.2%----
2024-2.7%-4.1%-2.4%11.0%2.0%2.7%-5.2%1.5%-0.4%3.9%-2.8%1.4%-9.0%
20236.7%7.1%-5.2%-0.2%0.7%-10.7%6.4%6.6%-3.3%0.8%-4.0%4.2%6.1%
202222.1%3.8%7.8%9.8%-3.2%4.8%-16.6%5.8%1.3%-9.1%12.3%10.3%-2.7%
202129.4%0.0%8.7%2.9%4.4%6.9%-4.3%1.1%-0.3%1.6%6.4%-8.2%8.2%
Top Exposures
Chevron Corp6.84%
Deere & Co6.33%
Shell PLC6.12%
Freeport-McMoRan Inc4.54%
Corteva Inc4.41%
Exxon Mobil Corp4.33%
Anglo American PLC3.78%
TotalEnergies SE3.26%
Glencore PLC3.12%
The Mosaic Co3.10%
Cheniere Energy Inc2.94%
Newmont Corp2.64%
Teck Resources Ltd Class B (Sub Voting)2.47%
Williams Companies Inc2.32%
First Quantum Minerals Ltd2.25%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.03% p.a.
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Fund facts
ISIN
LU0846948437
Fund house
Ninety One
Fund size
US$816M
As of 11 Sep 2025
Fund benchmark
Morningstar Gbl Upstm Nat Res NR USD
Fund inception date
30 Nov 2012
Fund class currency
USD
Fund share class
IX Inc USD
Oldest share class ISIN
LU0345781172
Oldest share inception date
31 Jan 2008
Pricing frequency
Daily

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