FSSA IM Greater China Growth Class B Acc
Report And Accounts
Simplified Prospectus / KIID
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 | -0.9% | 48.1% | -10.1% | 1.5% | -13.6% |
| Sector | -0.2% | 40.9% | -21.5% | -3.6% | -20.7% |
| Rank | 18/47 | 21/53 | 9/58 | 8/63 | 5/67 |
| Quartile | 2 | 2 | 1 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -7.6% | 3.0% | 8.4% | |
| Sector | -15.6% | -3.3% | 4.6% | |
| Rank | 3/58 | 1/47 | 1/32 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.98 |
| TENCENT HOLDINGS LIMITED | 6.99 |
| MIDEA GROUP CO LTD | 5.49 |
| MEDIATEK | 4.79 |
| CHINA MERCHANTS BANK CO. | 3.99 |
| ANTA SPORTS PRODUCTS LIMITED | 3.89 |
| CHINA MENGNIU DAIRY COMPANY LIMITED | 3.29 |
| TECHTRONIC INDUSTRIES CO | 2.89 |
| SHENZHEN MINDRAY BIO MEDICAL ELE CO | 2.89 |
| AIA GROUP LIMITED | 2.79 |
| Total | 47.01 |
Fund Aims
The Fund aims to achieve long-term capital growth. The Fund invests in equity and equity type securities issued by companies established or having a predominant part of their economic activities in the People's Republic of China, Hong Kong and Taiwan.
Fund Manager
Martin Lau is Director of Greater China Equities at First State Stewart (FSS). FSS is part of First State Investments and the team manages equities in Asia Pacific, Global Emerging and other international markets. He joined the team in April 2002.
Fund Overview
| Mid (26/04/2024) | 1121.32p |
| Historic yield | 1.79% |
| Fund size (31/03/2024) | £447.19m |
| Number of holdings | 48 |
| Entry Charge | 4.00% |
| Ongoing Charges | 1.09% |
| Launch date | 01/12/2003 |
Asset Allocation
| International Equities | 99.80% | |
| Cash and Equivalents | 0.20% |
Commentary
The Fund invests in shares of companies that are based in or have significant operations in China, Hong Kong or Taiwan.
Important Information
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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 | 99.80% | |
| Cash and Equivalents | 0.20% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 28.84% | - | - | - | |
| Technology | - | 28.84% | - | - | |
| Technology Hardware & Equipment | - | - | 21.86% | - | |
| Semiconductors | - | - | - | 17.86% | |
| Computer Hardware | - | - | - | 2.79% | |
| Electronic Components | - | - | - | 1.20% | |
| Software & Computer Services | - | - | 6.99% | - | |
| Consumer Digital Services | - | - | - | 6.99% | |
| Consumer Discretionary | 23.65% | - | - | - | |
| Consumer Products & Services | - | 17.86% | - | - | |
| Household Goods & Home Construction | - | - | 8.38% | - | |
| Household Appliance | - | - | - | 7.49% | |
| Household Furnishings | - | - | - | 0.90% | |
| Personal Goods | - | - | 6.39% | - | |
| Clothing & Accessories | - | - | - | 6.39% | |
| Leisure Goods | - | - | 3.09% | - | |
| Electronic Entertainment | - | - | - | 2.69% | |
| Recreational Products | - | - | - | 0.40% | |
| Retail | - | 4.89% | - | - | |
| Retailers | - | - | 4.89% | - | |
| Diversified Retailers | - | - | - | 3.69% | |
| Apparel Retailers | - | - | - | 1.20% | |
| Travel & Leisure | - | 0.90% | - | - | |
| Travel & Leisure | - | - | 0.90% | - | |
| Restaurants & Bars | - | - | - | 0.90% | |
| Industrials | 18.76% | - | - | - | |
| Industrial Goods & Services | - | 18.76% | - | - | |
| Industrial Engineering | - | - | 9.08% | - | |
| Machinery: Industrial | - | - | - | 6.19% | |
| Machinery: Tools | - | - | - | 2.89% | |
| Electronic & Electrical Equipment | - | - | 5.19% | - | |
| Electrical Components | - | - | - | 5.19% | |
| General Industrials | - | - | 2.99% | - | |
| Diversified Industrials | - | - | - | 2.99% | |
| Industrial Support Services | - | - | 1.50% | - | |
| Professional Business Support Services | - | - | - | 1.50% | |
| Financials | 8.78% | - | - | - | |
| Insurance | - | 4.79% | - | - | |
| Life Insurance | - | - | 4.79% | - | |
| Life Insurance | - | - | - | 4.79% | |
| Banks | - | 3.99% | - | - | |
| Banks | - | - | 3.99% | - | |
| Banks | - | - | - | 3.99% | |
| Consumer Staples | 8.48% | - | - | - | |
| Food, Beverage & Tobacco | - | 6.19% | - | - | |
| Food Producers | - | - | 3.99% | - | |
| Food Products | - | - | - | 3.99% | |
| Beverages | - | - | 2.20% | - | |
| Brewers | - | - | - | 1.60% | |
| Soft Drinks | - | - | - | 0.60% | |
| Personal Care, Drug & Grocery Stores | - | 2.30% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.30% | - | |
| Drug Retailers | - | - | - | 1.40% | |
| Food Retailers & Wholesalers | - | - | - | 0.90% | |
| Health Care | 5.99% | - | - | - | |
| Health Care | - | 5.99% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.09% | - | |
| Pharmaceuticals | - | - | - | 3.09% | |
| Medical Equipment & Services | - | - | 2.89% | - | |
| Medical Equipment | - | - | - | 2.89% | |
| Real Estate | 2.40% | - | - | - | |
| Real Estate | - | 2.40% | - | - | |
| Real Estate Investment & Services | - | - | 2.40% | - | |
| Real Estate Holding and Development | - | - | - | 2.40% | |
| Utilities | 2.10% | - | - | - | |
| Utilities | - | 2.10% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.10% | - | |
| Gas Distribution | - | - | - | 2.10% | |
| Telecommunications | 0.80% | - | - | - | |
| Telecommunications | - | 0.80% | - | - | |
| Telecommunications Equipment | - | - | 0.80% | - | |
| Telecommunications Equipment | - | - | - | 0.80% | |
| Cash and Equivalents | 0.20% | - | - | - | |
| Non-Classified | 0.00% | - | - | - | |
Regional Allocation
| Emerging Asia | 77.64% | |
| Developed Asia | 18.16% | |
| North America | 2.00% | |
| Non-Classified | 2.00% | |
| Cash and Equivalents | 0.20% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 77.64% | - | |
China
|
- | 45.41% | |
Taiwan
|
- | 32.24% | |
| Developed Asia | 18.16% | - | |
Hong Kong
|
- | 16.57% | |
Singapore
|
- | 1.60% | |
| North America | 2.00% | - | |
United States
|
- | 2.00% | |
| Non-Classified | 2.00% | - | |
| Cash and Equivalents | 0.20% | - | |
Breakdown By Market Cap (%)
| Mega |
|
31.84% |
| Large |
|
34.53% |
| Medium |
|
12.28% |
| Small |
|
3.19% |
| Non-Classified |
|
17.96% |
| Cash |
|
0.20% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.98% | Technology Hardware & Equipment | Taiwan |
| 2 | TENCENT HOLDINGS LIMITED | 6.99% | Software & Computer Services | China |
| 3 | MIDEA GROUP CO LTD | 5.49% | Household Goods & Home Construction | China |
| 4 | MEDIATEK | 4.79% | Technology Hardware & Equipment | Taiwan |
| 5 | CHINA MERCHANTS BANK CO. | 3.99% | Banks | China |
| 6 | ANTA SPORTS PRODUCTS LIMITED | 3.89% | Personal Goods | China |
| 7 | CHINA MENGNIU DAIRY COMPANY LIMITED | 3.29% | Food Producers | China |
| 8 | TECHTRONIC INDUSTRIES CO | 2.89% | Industrial Engineering | Hong Kong |
| 9 | SHENZHEN MINDRAY BIO MEDICAL ELE CO | 2.89% | Medical Equipment & Services | China |
| 10 | AIA GROUP LIMITED | 2.79% | Life Insurance | Hong Kong |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 28.84% | - | - | - | - | - | - | 28.84% |
| Telecommunications | - | 0.80% | - | - | - | - | - | - | 0.80% |
| Financials | - | 8.78% | - | - | - | - | - | - | 8.78% |
| Real Estate | - | 2.40% | - | - | - | - | - | - | 2.40% |
| Consumer Discretionary | - | 23.65% | - | - | - | - | - | - | 23.65% |
| Consumer Staples | - | 8.48% | - | - | - | - | - | - | 8.48% |
| Utilities | - | 2.10% | - | - | - | - | - | - | 2.10% |
| Health Care | - | 5.99% | - | - | - | - | - | - | 5.99% |
| Industrials | - | 18.76% | - | - | - | - | - | - | 18.76% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.20% | 0.20% |
| Non-Classified | - | - | - | - | - | - | - | - | - |
Important Information
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 | 3387432 |
| Mex Code | CFGCGB |
| Isin Code | GB0033874321 |
| Citi Code | QI57 |
Fund Charges
| Entry Charge | 4.00% |
| Ongoing Charges | 1.09% |
Aims and Benchmark
| Aims | The Fund aims to achieve long-term capital growth. The Fund invests in equity and equity type securities issued by companies established or having a predominant part of their economic activities in the People's Republic of China, Hong Kong and Taiwan. |
| Benchmark | MSCI Golden Dragon Index |
| Benchmark Category | - |
| IA Sector | China/Greater China |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | No income |
| Distribution Payment Basis | Gross |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 31 March |
| 01 August | 30 September |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The Bank of New York Mellon (International) Limited |
| Fund Administrator | The Bank of New York Mellon (International) Limited |
| Fund Registrar | The Bank of New York Mellon (International) Limited |
| Fund Custodian | The Bank of New York Mellon (International) Limited |
Group Details
| Group name | FSSA IM (First Sentier Investors) (UK) |
| Group address | Finsbury Circus House 15 Finsbury Circus London EC2M 7EB |
| Group telephone | 020 7332 6500 |
| Dealing telephone | - |
| - | |
| Homepage | www.firstsentierinvestors.com |
| Fax number | - |
Dealing
| Minimum Investment | £500000 |
| Minimum Top Up | £50000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges 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 | 6.58 |
| Beta | 0.81 |
| Sharpe | -0.02 |
| Standard Deviation | 21.27 |
| Info Ratio | 1.18 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| 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.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can 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
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
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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.