- Overview
- Interactive Chart
- Performance
- Risk and Rating
- Portfolio
- Management Team
- Fee
- Historical Price &
Dividend - Print
- Key Fact Statement
- Glossary
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Performance History | 30/04/2025 |
Growth of 1,000(USD) | Advanced Graph |
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• | Fund | -11.91 | -11.70 | 8.89 | 8.27 | 44.48 |
• | +/-Cat | 0.73 | 4.52 | 4.42 | -3.66 | - |
• | +/-Idx | -3.88 | -1.99 | 1.48 | -0.25 | 0.09 |
Category: Sector Equity Precious Metals | ||||||
Index: Morningstar Global Gold NR USD | ||||||
Trailing Returns | 30/04/2025 | |||||
Fund | +/-Idx | |||||
YTD | 44.48 | 0.09 | ||||
3 Years | 41.18 | 2.43 | ||||
5 Years | 52.65 | 3.94 | ||||
10 Years | 164.85 | -13.93 | ||||
12 Month Yield | 0.00 | |||||
Dividend Paying Frequency | - | |||||
Key Stats | ||
Morningstar Category
Sector Equity Precious Metals
Morningstar Rating™

ISIN
LU0345780281
NAV 30/04/2025
USD 29.6900
Day Change
0.37%
Total Net Assets (mil)
30/04/2025
USD 511.25
USD 511.25
Front Load Fee
3.00%
Deferred Load Fee
-
Manager Name
George Cheveley
Inception Date
30/11/2007
Benchmark | ||||
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Investment strategy |
The Sub-Fund aims to achieve long-term capital growth primarily through investment in equities issued by companies around the globe involved in gold mining. The Sub-Fund may also invest, up to one-third, in companies around the globe that are involved in mining for other precious metals and other minerals and metals. |
Portfolio Profile | 28/02/2025 |
Morningstar Style Box®_Morningstar: | |||||
Equity Style | |||||
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Asset Allocation % | |||
% Long | % Short | % Net Assets | |
Stocks | 99.74 | 0.00 | 99.74 |
Bonds | 0.01 | 0.00 | 0.01 |
Cash | 0.65 | 0.40 | 0.25 |
Other | 0.00 | 0.00 | 0.00 |
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Top 5 Holdings | Sector | % |
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8.43 |
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7.12 |
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6.86 |
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6.61 |
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5.96 |
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For the market value of financial derivatives, Morningstar's calculation method includes the nominal value of derivative agreements to reflect position-holding (position) for your reference. If the position-holding ranking calculated by Morningstar shall be different from that published by the fund company, the ranking in the monthly report (click here) by the fund company shall prevail. |
Price Chart
- Ninety One Global Gold Bond (USD-RMB)

Annual Returns | 30/04/2025 | |||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
Total Return | -5.92 | 38.23 | 25.97 | -11.91 | -11.70 | 8.89 | 8.27 | 44.48 |
+/- Category | 11.40 | -2.10 | -12.78 | 0.73 | 4.52 | 4.42 | -3.66 | - |
+/- Index | 3.81 | -6.05 | 2.42 | -3.88 | -1.99 | 1.48 | -0.25 | 0.09 |
% Rank (Rel to Cat) | 7 | 57 | 71 | 49 | 37 | 30 | 73 | 15 |
Trailing Returns | 30/04/2025 | |||
Total Return | +/- Category | +/- Index | ||
1 Day | 0.37 | 0.96 | -0.35 | |
1 Week | -0.74 | 0.47 | -0.55 | |
1 Month | 7.11 | 0.37 | -0.30 | |
3 Months | 27.32 | 4.37 | 1.05 | |
6 Months | 22.53 | 4.98 | -1.38 | |
YTD | 44.48 | 4.04 | 0.09 | |
1 Year | 51.25 | 6.52 | 2.60 | |
3 Years | 41.18 | 2.65 | 2.43 | |
5 Years | 52.65 | -3.37 | 3.94 | |
10 Years | 164.85 | 7.88 | -13.93 | |
Category:Sector Equity Precious Metals | ||||
Index:Morningstar Global Gold NR USD |
Quarterly Returns | 30/04/2025 | |||
Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
2025 | 34.89 | - | - | - |
2024 | -0.16 | 4.64 | 19.77 | -13.47 |
2023 | 12.34 | -7.66 | -9.90 | 16.51 |
2022 | 14.99 | -28.99 | -11.35 | 21.97 |
Dividend | 30/04/2025 |
12 Month Yield | 0.00 |
Morningstar Rating™ Relative to Category | 31/03/2025 |
3-Year |
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5-Year |
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10-Year |
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Overall |
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Volatility Measurements | 30/04/2025 | |||||||||||||||
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Investment Style Details | 28/02/2025 | |||||||||||||||||||||||||||||||||||||||
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Category: Sector Equity Precious Metals | ||||||||||||||||||||||||||||||||||||||||
AssetAllocation | 28/02/2025 |
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World Regions | 28/02/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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Category: Sector Equity Precious Metals |
Stock Sector Weightings | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Category: Sector Equity Precious Metals |
Top 10 Holdings | 28/02/2025 |
Portfolio | |
Total Number of Equity Holdings | 28 |
Total Number of Bond Holdings | 0 |
Assets in Top 10 Holdings % | 58.37 |
Product Name | Sector | Country/Region | % of Assets | ||
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Australia | 8.43 | ||
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South Africa | 7.12 | ||
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Australia | 6.86 | ||
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United States | 6.61 | ||
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South Africa | 5.96 | ||
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Canada | 4.96 | ||
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Canada | 4.67 | ||
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United Kingdom | 4.62 | ||
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Canada | 4.58 | ||
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Canada | 4.55 | ||
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Category: Sector Equity Precious Metals | |||||
For the market value of financial derivatives, Morningstar's calculation method includes the nominal value of derivative agreements to reflect position-holding (position) for your reference. If the position-holding ranking calculated by Morningstar shall be different from that published by the fund company, the ranking in the monthly report (click here) by the fund company shall prevail. |
Management Team | |||||||||||||||||||||||||||||
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Biography | |||||||||||||||||||||||||||||
George is a portfolio manager and metals and mining specialist in the Natural Resources team. George is a portfolio manager for the Global Gold strategy and co-portfolio manager for the Natural Resources strategy. He covers all aspects of metals and mining supply and demand including, most recently, the impact of renewable energy and electric vehicles on metals demand. Prior to joining the firm, George was a market analyst for three years at BHP Billiton, working in The Hague and Singapore. He was recruited to BHP Billiton in 2004 from CRU (Commodities Research Unit), an independent metals/chemicals related research company based in London. At CRU, he spent three years in the Carbon Steel team and five years as a Research Manager – Copper, providing in-depth research and forecasts to the industry, banks and hedge funds. George began his career in 1990 in operations at British Steel Strip Products, working for three years in the Tinplate division. George graduated from the University of Oxford in 1989 with an honours degree in Classics and in 1995 was awarded a Master of Business Administration from Warwick University. |
Fees and Expenses | ||||||||||||
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