Prudential FRIA Stewart Investors Asia Pacific Leaders Sustainability
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -10.0% | 39.3% | 3.1% | -2.7% | 3.9% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 1.4% | 5.5% | 8.2% | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MAHINDRA & MAHINDRA LTD | 7.60 |
| SAMSUNG ELECTRONICS CO. LTD | 5.60 |
| HDFC BANK LIMITED | 5.60 |
| HOYA CORP | 5.20 |
| OVERSEA-CHINESE BANKING CORPORATION LIMITED | 5.00 |
| KOTAK MAHINDRA BANK LIMITED | 4.30 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 4.30 |
| CSL LTD | 3.80 |
| TATA CONSULTANCY SERVICES LIMITED | 3.80 |
| UNICHARM CORP | 3.70 |
| Total | 48.90 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Stewart Investors Asia Pacific Leaders Sustainability Fund - the underlying fund.
Underlying Fund Objective: The fund aims to achieve long-term capital growth by investing primarily in large and mid-capitalisation equities issued by companies that are incorporated or listed, or which conduct the majority of their economic activity, in the Asia Pacific region (excluding Japan, including Australasia). Particular consideration is given to investment in companies that are positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate.
Fund Manager
Sashi Reddy is a Portfolio Manager with the Sustainable Funds Group at Stewart Investors. He sits on the Stewart Investors Board. He joined the team in August 2007. Sashi is lead manager of the Worldwide Leaders Sustainability strategy and the Indian Subcontinent Sustainability strategy. Previously, he worked at Irevna Research, an Indian equities research house from 2005 to 2007. Sashi has an engineering degree from the National Institute of Technology, Trichy and an MBA from the Schulich School of Business, York University in Toronto.
David is a Managing Partner of Stewart Investors and sits on the Stewart Investors Board. He is Head of the Sustainable Funds Group and a Portfolio Manager. David joined the team as a graduate in 1997. He is lead manager of Asia Pacific Sustainability strategies, as well as Pacific Assets Investment Trust. David holds an MA with honours in Economics from Cambridge University, and holds a Master of Science in Investment Analysis from Stirling University.
Fund Overview
| Bid (26/04/2024) | 358.90 |
| Offer (26/04/2024) | 358.90 |
| Fund size (31/03/2024) | £4.96m |
| Underlying Fund size | £6544.79m |
| Number of holdings | 46 |
| Launch date | 13/07/2009 |
Fund Charges
| Annual Management Charge (AMC) | 1.60% |
| Further Costs | 0.05% |
| Yearly Total | 1.65% |
Asset Allocation
| International Equities | 98.50% | |
| Cash and Equivalents | 1.50% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 98.50% | |
| Cash and Equivalents | 1.50% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Health Care | 20.80% | - | - | - | |
| Health Care | - | 20.80% | - | - | |
| Medical Equipment & Services | - | - | 12.30% | - | |
| Medical Equipment | - | - | - | 6.60% | |
| Medical Supplies | - | - | - | 5.20% | |
| Medical Services | - | - | - | 0.50% | |
| Pharmaceuticals & Biotechnology | - | - | 8.50% | - | |
| Pharmaceuticals | - | - | - | 7.20% | |
| Biotechnology | - | - | - | 1.30% | |
| Technology | 20.70% | - | - | - | |
| Technology | - | 20.70% | - | - | |
| Technology Hardware & Equipment | - | - | 12.50% | - | |
| Semiconductors | - | - | - | 9.30% | |
| Computer Hardware | - | - | - | 2.70% | |
| Production Technology Equipment | - | - | - | 0.50% | |
| Software & Computer Services | - | - | 8.20% | - | |
| Computer Services | - | - | - | 6.80% | |
| Consumer Digital Services | - | - | - | 0.70% | |
| Software | - | - | - | 0.70% | |
| Financials | 17.90% | - | - | - | |
| Banks | - | 17.90% | - | - | |
| Banks | - | - | 17.90% | - | |
| Banks | - | - | - | 17.90% | |
| Consumer Staples | 13.90% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 11.50% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 11.50% | - | |
| Personal Products | - | - | - | 10.80% | |
| Drug Retailers | - | - | - | 0.70% | |
| Food, Beverage & Tobacco | - | 2.40% | - | - | |
| Beverages | - | - | 2.40% | - | |
| Soft Drinks | - | - | - | 2.40% | |
| Consumer Discretionary | 11.00% | - | - | - | |
| Automobiles & Parts | - | 7.60% | - | - | |
| Automobiles & Parts | - | - | 7.60% | - | |
| Automobiles | - | - | - | 7.60% | |
| Consumer Products & Services | - | 3.40% | - | - | |
| Household Goods & Home Construction | - | - | 3.40% | - | |
| Household Appliance | - | - | - | 3.40% | |
| Telecommunications | 8.50% | - | - | - | |
| Telecommunications | - | 8.50% | - | - | |
| Telecommunications Equipment | - | - | 5.60% | - | |
| Telecommunications Equipment | - | - | - | 5.60% | |
| Telecommunications Service Providers | - | - | 2.90% | - | |
| Telecommunications Services | - | - | - | 2.90% | |
| Industrials | 5.70% | - | - | - | |
| Industrial Goods & Services | - | 5.00% | - | - | |
| Industrial Engineering | - | - | 2.90% | - | |
| Machinery: Industrial | - | - | - | 2.10% | |
| Machinery: Tools | - | - | - | 0.80% | |
| Electronic & Electrical Equipment | - | - | 1.70% | - | |
| Electrical Components | - | - | - | 1.70% | |
| Industrial Support Services | - | - | 0.40% | - | |
| Professional Business Support Services | - | - | - | 0.40% | |
| Construction & Materials | - | 0.70% | - | - | |
| Construction & Materials | - | - | 0.70% | - | |
| Construction | - | - | - | 0.70% | |
| Cash and Equivalents | 1.50% | - | - | - | |
| Non-Classified | 0.00% | - | - | - | |
Regional Allocation
| Emerging Asia | 70.30% | |
| Japan | 9.80% | |
| Australia & New Zealand | 9.40% | |
| Developed Asia | 6.00% | |
| Developed Europe - Excl UK | 2.00% | |
| Cash and Equivalents | 1.50% | |
| North America | 1.00% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 88.57% | |
| Cash | 9.11% | |
| US Dollar | 2.32% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 70.30% | - | |
India
|
- | 39.50% | |
Taiwan
|
- | 11.70% | |
China
|
- | 8.30% | |
South Korea
|
- | 7.10% | |
Indonesia
|
- | 2.80% | |
Thailand
|
- | 0.90% | |
| Japan | 9.80% | - | |
Japan
|
- | 9.80% | |
| Australia & New Zealand | 9.40% | - | |
Australia
|
- | 6.80% | |
New Zealand
|
- | 2.60% | |
| Developed Asia | 6.00% | - | |
Singapore
|
- | 5.00% | |
Hong Kong
|
- | 1.00% | |
| Developed Europe - Excl UK | 2.00% | - | |
Germany
|
- | 2.00% | |
| Cash and Equivalents | 1.50% | - | |
| North America | 1.00% | - | |
United States
|
- | 1.00% | |
Breakdown By Market Cap (%)
| Mega |
|
45.30% |
| Large |
|
40.90% |
| Medium |
|
3.30% |
| Small |
|
0.20% |
| Non-Classified |
|
8.80% |
| Cash |
|
1.50% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MAHINDRA & MAHINDRA LTD | 7.60% | Automobiles & Parts | India |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 5.60% | Telecommunications Equipment | South Korea |
| 3 | HDFC BANK LIMITED | 5.60% | Banks | India |
| 4 | HOYA CORP | 5.20% | Medical Equipment & Services | Japan |
| 5 | OVERSEA-CHINESE BANKING CORPORATION LIMITED | 5.00% | Banks | Singapore |
| 6 | KOTAK MAHINDRA BANK LIMITED | 4.30% | Banks | India |
| 7 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 4.30% | Technology Hardware & Equipment | Taiwan |
| 8 | CSL LTD | 3.80% | Pharmaceuticals & Biotechnology | Australia |
| 9 | TATA CONSULTANCY SERVICES LIMITED | 3.80% | Software & Computer Services | India |
| 10 | UNICHARM CORP | 3.70% | Personal Care, Drug & Grocery Stores | Japan |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 20.70% | - | - | - | - | - | - | 20.70% |
| Telecommunications | - | 8.50% | - | - | - | - | - | - | 8.50% |
| Financials | - | 17.90% | - | - | - | - | - | - | 17.90% |
| Consumer Discretionary | - | 11.00% | - | - | - | - | - | - | 11.00% |
| Consumer Staples | - | 13.90% | - | - | - | - | - | - | 13.90% |
| Health Care | - | 20.80% | - | - | - | - | - | - | 20.80% |
| Industrials | - | 5.70% | - | - | - | - | - | - | 5.70% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.50% | 1.50% |
| Non-Classified | - | - | - | - | - | - | - | - | - |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B3RQB53 |
| Mex Code | PUSADR |
| Isin Code | GB00B3RQB534 |
| Citi Code | FNJ2 |
Fund Charges
| Annual Management Charge (AMC) | 1.60% |
| Further Costs | 0.05% |
| Yearly Total | 1.65% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the Stewart Investors Asia Pacific Leaders Sustainability Fund - the underlying fund. Underlying Fund Objective: The fund aims to achieve long-term capital growth by investing primarily in large and mid-capitalisation equities issued by companies that are incorporated or listed, or which conduct the majority of their economic activity, in the Asia Pacific region (excluding Japan, including Australasia). Particular consideration is given to investment in companies that are positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate. |
| Benchmark | MSCI AC Asia Pacific (ex-Japan) Index |
| Sector | ABI Specialist |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.93 |
| Beta | 1.30 |
| Sharpe | 0.00 |
| Standard Deviation | 11.45 |
| Info Ratio | -0.08 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.