<p>The Fund seeks 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.</p>


Ninety One Luxembourg S.A.

Ninety One UK Limited

Other Equity

Equity

MSCI ACWI Select Natural Res Cap NR USD

Ninety One GSF Glb Ntrl Res A Acc SGD H

Ninety One GSF Glb Ntrl Res I Acc USD

2024

2023

2022

2021

2020

United States

United Kingdom

Canada

South Africa

Norway

France

Singapore

Brazil

Mexico

Australia

Portugal

Ireland

Other countries

Unclassified

Basic Materials

Energy

Industrials

Consumer Defensive

Healthcare

Utilities

Shell PLC

Deere & Co

Chevron Corp

Freeport-McMoRan Inc

Exxon Mobil Corp

Corteva Inc

TotalEnergies SE

Anglo American PLC

The Mosaic Co

Teck Resources Ltd Class B (Sub Voting)