Stewart Investors Global Emerging Markets Sustainability Class B Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | -7.0% | 27.4% | -6.1% | 0.5% | 6.3% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 0.1% | 3.5% | 6.5% | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MAHINDRA & MAHINDRA LTD | 5.41 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 5.11 |
| TUBE INVESTMENTS OF INDIA | 4.90 |
| HDFC BANK LIMITED | 4.60 |
| TATA CONSULTANCY SERVICES LIMITED | 4.50 |
| UNICHARM CORP | 3.00 |
| KOTAK MAHINDRA BANK LIMITED | 2.90 |
| JERONIMO MARTINS SGPS SA | 2.90 |
| WEG S.A. | 2.80 |
| QUALITAS CONTROLADORA SAB DE CV | 2.70 |
| Total | 38.84 |
Fund Aims
The fund aims to achieve long-term capital growth. The fund invests in a diversified portfolio of securities of issuers established or having significant operations in emerging economies and listed, traded or dealt in on regulated markets worldwide. The investment process will take account of sustainability themes and issues and requires positive engagement with companies in respect of these.
Fund Manager
Jack is a Portfolio Manager with the Sustainable Funds Group at Stewart Investors. He joined the team in September 2011 as a graduate. Jack is lead manager of the Global Emerging Markets Sustainability strategy. He holds a BA (Hons) in Politics, Philosophy and Economics from Queen’s College, Oxford.
Fund Overview
| Mid (08/05/2024) | 436.09p |
| Historic yield | 0.58% |
| Fund size (31/03/2024) | £580.31m |
| Number of holdings | 60 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.92% |
| Launch date | 08/04/2009 |
Asset Allocation
| International Equities | 94.49% | |
| International Bonds | 1.90% | |
| Cash and Equivalents | 1.30% | |
| UK Equities | 0.40% | |
| Other Assets | 1.90% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 94.49% | |
| International Bonds | 1.90% | |
| Cash and Equivalents | 1.30% | |
| UK Equities | 0.40% | |
| Other Assets | 1.90% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 27.43% | - | - | - | |
| Technology | - | 27.43% | - | - | |
| Software & Computer Services | - | - | 15.82% | - | |
| Computer Services | - | - | - | 11.11% | |
| Software | - | - | - | 2.70% | |
| Consumer Digital Services | - | - | - | 2.00% | |
| Technology Hardware & Equipment | - | - | 11.61% | - | |
| Semiconductors | - | - | - | 6.91% | |
| Electronic Components | - | - | - | 2.60% | |
| Production Technology Equipment | - | - | - | 1.10% | |
| Computer Hardware | - | - | - | 1.00% | |
| Consumer Staples | 17.82% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 17.12% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 17.12% | - | |
| Personal Products | - | - | - | 8.21% | |
| Food Retailers & Wholesalers | - | - | - | 4.60% | |
| Drug Retailers | - | - | - | 4.30% | |
| Food, Beverage & Tobacco | - | 0.70% | - | - | |
| Beverages | - | - | 0.70% | - | |
| Soft Drinks | - | - | - | 0.70% | |
| Financials | 15.92% | - | - | - | |
| Banks | - | 11.41% | - | - | |
| Banks | - | - | 11.41% | - | |
| Banks | - | - | - | 11.41% | |
| Insurance | - | 2.70% | - | - | |
| Non-life Insurance | - | - | 2.70% | - | |
| Property & Casualty Insurance | - | - | - | 2.70% | |
| Financial Services | - | 1.80% | - | - | |
| Finance & Credit Services | - | - | 1.80% | - | |
| Mortgage Finance | - | - | - | 1.80% | |
| Consumer Discretionary | 12.01% | - | - | - | |
| Consumer Products & Services | - | 6.61% | - | - | |
| Household Goods & Home Construction | - | - | 3.70% | - | |
| Household Appliance | - | - | - | 3.70% | |
| Consumer Services | - | - | 2.90% | - | |
| Consumer Services: Misc. | - | - | - | 2.90% | |
| Automobiles & Parts | - | 5.41% | - | - | |
| Automobiles & Parts | - | - | 5.41% | - | |
| Automobiles | - | - | - | 5.41% | |
| Industrials | 9.01% | - | - | - | |
| Industrial Goods & Services | - | 9.01% | - | - | |
| Industrial Engineering | - | - | 7.21% | - | |
| Machinery: Industrial | - | - | - | 5.61% | |
| Machinery: Tools | - | - | - | 1.60% | |
| Electronic & Electrical Equipment | - | - | 1.00% | - | |
| Electrical Components | - | - | - | 1.00% | |
| Industrial Support Services | - | - | 0.80% | - | |
| Professional Business Support Services | - | - | - | 0.80% | |
| Health Care | 6.21% | - | - | - | |
| Health Care | - | 6.21% | - | - | |
| Medical Equipment & Services | - | - | 4.80% | - | |
| Medical Services | - | - | - | 2.60% | |
| Medical Supplies | - | - | - | 2.20% | |
| Pharmaceuticals & Biotechnology | - | - | 1.40% | - | |
| Biotechnology | - | - | - | 1.40% | |
| Basic Materials | 4.90% | - | - | - | |
| Basic Resources | - | 4.90% | - | - | |
| Industrial Metals & Mining | - | - | 4.90% | - | |
| Metal Fabricating | - | - | - | 4.90% | |
| Non-Classified | 1.90% | - | - | - | |
| Bonds | 1.90% | - | - | - | |
| Telecommunications | 1.60% | - | - | - | |
| Telecommunications | - | 1.60% | - | - | |
| Telecommunications Equipment | - | - | 1.60% | - | |
| Telecommunications Equipment | - | - | - | 1.60% | |
| Cash and Equivalents | 1.30% | - | - | - | |
Regional Allocation
| Emerging Asia | 62.36% | |
| South & Central America | 11.61% | |
| Developed Europe - Excl UK | 6.91% | |
| North America | 5.81% | |
| Japan | 5.51% | |
| Developed Asia | 2.30% | |
| Non-Classified | 1.90% | |
| Cash and Equivalents | 1.30% | |
| Emerging Europe | 1.30% | |
| Other Regions | 1.00% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 96.80% | |
| US Dollar | 1.90% | |
| Cash | 1.30% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 62.36% | - | |
India
|
- | 37.14% | |
Taiwan
|
- | 12.11% | |
China
|
- | 9.01% | |
South Korea
|
- | 2.70% | |
Indonesia
|
- | 1.00% | |
Philippines
|
- | 0.40% | |
| South & Central America | 11.61% | - | |
Brazil
|
- | 7.71% | |
Mexico
|
- | 3.90% | |
| Developed Europe - Excl UK | 6.91% | - | |
Portugal
|
- | 2.90% | |
Luxembourg
|
- | 2.80% | |
Germany
|
- | 1.20% | |
| North America | 5.81% | - | |
United States
|
- | 5.81% | |
| Japan | 5.51% | - | |
Japan
|
- | 5.51% | |
| Developed Asia | 2.30% | - | |
Hong Kong
|
- | 2.30% | |
| Non-Classified | 1.90% | - | |
| Cash and Equivalents | 1.30% | - | |
| Emerging Europe | 1.30% | - | |
Poland
|
- | 1.30% | |
| Middle East & Africa | 0.60% | - | |
South Africa
|
- | 0.60% | |
| UK | 0.40% | - | |
United Kingdom
|
- | 0.40% | |
Breakdown By Market Cap (%)
| Mega |
|
27.23% |
| Large |
|
31.23% |
| Medium |
|
24.22% |
| Small |
|
1.80% |
| Micro |
|
0.40% |
| Non-Classified |
|
11.91% |
| Bonds |
|
1.90% |
| Cash |
|
1.30% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MAHINDRA & MAHINDRA LTD | 5.41% | Automobiles & Parts | India |
| 2 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 5.11% | Technology Hardware & Equipment | Taiwan |
| 3 | TUBE INVESTMENTS OF INDIA | 4.90% | Industrial Metals & Mining | India |
| 4 | HDFC BANK LIMITED | 4.60% | Banks | India |
| 5 | TATA CONSULTANCY SERVICES LIMITED | 4.50% | Software & Computer Services | India |
| 6 | UNICHARM CORP | 3.00% | Personal Care, Drug & Grocery Stores | Japan |
| 7 | KOTAK MAHINDRA BANK LIMITED | 2.90% | Banks | India |
| 8 | JERONIMO MARTINS SGPS SA | 2.90% | Personal Care, Drug & Grocery Stores | Portugal |
| 9 | WEG S.A. | 2.80% | Industrial Engineering | Brazil |
| 10 | QUALITAS CONTROLADORA SAB DE CV | 2.70% | Non-life Insurance | Mexico |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 27.43% | - | - | - | - | - | - | 27.43% |
| Telecommunications | - | 1.60% | - | - | - | - | - | - | 1.60% |
| Financials | - | 15.92% | - | - | - | - | - | - | 15.92% |
| Consumer Discretionary | - | 12.01% | - | - | - | - | - | - | 12.01% |
| Consumer Staples | - | 17.82% | - | - | - | - | - | - | 17.82% |
| Health Care | 0.40% | 5.81% | - | - | - | - | - | - | 6.21% |
| Industrials | - | 9.01% | - | - | - | - | 1.90% | - | 10.91% |
| Basic Materials | - | 4.90% | - | - | - | - | - | - | 4.90% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.30% | 1.30% |
| Bonds | - | - | - | 1.90% | - | - | - | - | 1.90% |
| 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. 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 report or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B64TS99 |
| Mex Code | CFGLEM |
| Isin Code | GB00B64TS998 |
| Citi Code | F3C3 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.92% |
Aims and Benchmark
| Aims | The fund aims to achieve long-term capital growth. The fund invests in a diversified portfolio of securities of issuers established or having significant operations in emerging economies and listed, traded or dealt in on regulated markets worldwide. The investment process will take account of sustainability themes and issues and requires positive engagement with companies in respect of these. |
| Benchmark | MSCI Emerging Markets Index |
| Benchmark Category | - |
| IA Sector | Specialist |
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 | Net |
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 | Stewart Investors (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. 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 report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.70 |
| Beta | 0.97 |
| Sharpe | 0.00 |
| Standard Deviation | 11.26 |
| Info Ratio | -0.12 |
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
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. 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 report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report 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.