Orbis Global Cautious Fund
I thought it would be uplifting to look closely at ‘The Orbis Global Cautious Fund’ which is held in our Level One Portfolio. We have recommended this fund within our carefully diversified Level One Portfolio for several years.
Background to this fund:
This specific fund seeks to apply a cautious balance between investment returns and risk of loss using a diversified global portfolio. To do this, the Fund invests primarily in the shares of publicly listed companies and fixed income instruments which may be located anywhere around the world.
Why we like this fund:
Orbis’ equity and bond holdings are highly active and can differ greatly from their peers. They actively manage currencies—aiming to preserve their client’s purchasing power—and use stock market hedging to manage risk while keeping clients exposed to their skill in security selection.
One of the top 10 holdings within the Orbis Global Cautious Fund is ‘Kinder Morgan’ which is one of the largest energy infrastructure companies in North America. They pursue opportunities that contribute to the global effort to address climate change. This is achieved by continuing to support a low carbon future and focus on minimising their environmental impacts.
Kinder Morgan continues to apply methane emission reduction strategies and report voluntary methane emission reductions, which include emissions mitigated or avoided that would otherwise have been emitted. They are also working with other sectors of the natural gas industry to improve the efficiency of the natural gas value chain and to engender a collective commitment to addressing methane emissions.
Growth of the Orbis fund:
Over the past 12 months to date the fund had grown by around 7.2%* (1st Quartile) at the 31st of March 2025. It has also remained in the 1st quartile consistently over the previous five years’ which is impressive.
Precious Metal Content:
The Orbis Global Cautious Fund holds around 7.4% in iShares Physical Gold ETC. This is beneficial since Gold can act as a hedge against inflation and deflation alike, as well as a good portfolio diversifier.
Ratings that we look for:
A Morningstar rating is a quantitative measure of a fund’s past performance, calculated from one to five stars five being the best. The Morningstar approach considers the skill of the fund manager in performance terms against their peer group over discrete rolling time periods. This fund has the maximum available five-star rating from Morningstar – with an additional qualitative Bronze rating.
Conclusion:
The Orbis Global Cautious fund has been an excellent diversifier within our most cautious portfolio. We like the way that it attempts to protect clients whilst also producing growth. Long may it continue to enjoy success!
Please don’t hesitate to call or email us if you have any questions at all about this fund or your portfolio. We are always here if you need anything at all.
Best wishes,
Teleri.
*According to figures from Orbis, Kinder Morgan, Trustnet and Financial Times. Updated on a regular basis.
Please note that this article does not constitute a recommendation for the fund that it has covered. It is intended solely for our clients who already have exposure to the fund – for information purposes only.
