Stewart Investors Asia Pacific Leaders Class B Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
30/11/24 to 30/11/25 |
|
|---|---|---|---|---|---|
| Fund | 17.4% | -5.2% | -5.3% | 12.3% | 2.5% |
| Sector | 5.8% | -6.1% | -5.0% | 13.9% | 17.9% |
| Rank | 9/107 | 43/111 | 78/116 | 78/117 | 113/117 |
| Quartile | 1 | 2 | 3 | 3 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/25 |
5 Years to 30/11/25 |
10 Years to 30/11/25 |
||
| Fund | 2.9% | 3.9% | 8.2% | |
| Sector | 8.4% | 4.8% | 9.3% | |
| Rank | 111/115 | 61/107 | 62/88 | |
| Quartile | 4 | 3 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| HDFC BANK LIMITED | 7.96 |
| SAMSUNG ELECTRONICS CO. LTD | 7.89 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 7.61 |
| OVERSEA-CHINESE BANKING CORPORATION LIMITED | 4.50 |
| TENCENT HOLDINGS LIMITED | 4.31 |
| MIDEA GROUP CO | 4.29 |
| ALIBABA GROUP HOLDING LIMITED | 4.22 |
| JARDINE MATHESON HOLDINGS LIMITED | 3.66 |
| TRIP.COM GROUP LIMITED | 3.49 |
| SHENZHEN INOVANCE TECHNOLOGY CO. LTD | 3.39 |
| Total | 51.34 |
Fund Aims
This fund aims to achieve long term capital growth. The fund invests in large and mid capitalisation equities in the Asia Pacific region (excluding Japan, including Australasia).
Fund Manager
Joined the team in September 2013.
Previously, Chris worked for a London-based investment bank where he was a research sales specialist in Asian equities. Before that he worked as an analyst at Baillie Gifford and Edinburgh Fund Managers.
Chris has an MSc in Finance and a First Class Honours degree from the University of Edinburgh.
Joined the team in September 2011 as a graduate.
Jack is lead manager of the Global Emerging Markets Leaders strategies.
He holds a MA (Oxon) in Politics, Philosophy and Economics from Queen’s College, Oxford.
Jack sits on the Stewart Investors Board.
Joined the team in October 2013, having been an intern with the company during 2013.
Douglas is lead manager of the Asia Pacific and Japan All Cap strategy, as well as Pacific Assets Trust.
He holds an MA in Business Studies and Accountancy from the University of Edinburgh.
Douglas sits on the Stewart Investors Board.
Fund Overview
| Mid (10/12/2025) | 329.60p |
| Historic yield | 1.00% |
| Fund size (30/11/2025) | £4433.69m |
| Number of holdings | 46 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.85% |
| Launch date | 19/11/2009 |
Asset Allocation
| International Equities | 99.98% | |
| Cash and Equivalents | 0.03% | |
| Other Assets | 0.00% |
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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | 99.98% | |
| Cash and Equivalents | 0.03% | |
| Other Assets | 0.00% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 26.24% | - | - | - | |
| Banks | - | 21.19% | - | - | |
| Banks | - | - | 21.19% | - | |
| Banks | - | - | - | 21.19% | |
| Insurance | - | 5.05% | - | - | |
| Life Insurance | - | - | 3.22% | - | |
| Life Insurance | - | - | - | 3.22% | |
| Non-life Insurance | - | - | 1.83% | - | |
| Property & Casualty Insurance | - | - | - | 1.83% | |
| Technology | 19.10% | - | - | - | |
| Technology | - | 19.10% | - | - | |
| Technology Hardware & Equipment | - | - | 9.58% | - | |
| Semiconductors | - | - | - | 9.58% | |
| Software & Computer Services | - | - | 9.52% | - | |
| Consumer Digital Services | - | - | - | 7.30% | |
| Computer Services | - | - | - | 2.22% | |
| Consumer Discretionary | 18.16% | - | - | - | |
| Consumer Products & Services | - | 5.81% | - | - | |
| Household Goods & Home Construction | - | - | 4.29% | - | |
| Household Appliance | - | - | - | 4.29% | |
| Leisure Goods | - | - | 1.51% | - | |
| Recreational Vehicles & Boats | - | - | - | 1.51% | |
| Retail | - | 5.54% | - | - | |
| Retailers | - | - | 5.54% | - | |
| Diversified Retailers | - | - | - | 5.54% | |
| Travel & Leisure | - | 3.49% | - | - | |
| Travel & Leisure | - | - | 3.49% | - | |
| Travel & Tourism | - | - | - | 3.49% | |
| Automobiles & Parts | - | 3.32% | - | - | |
| Automobiles & Parts | - | - | 3.32% | - | |
| Automobiles | - | - | - | 3.32% | |
| Industrials | 15.33% | - | - | - | |
| Industrial Goods & Services | - | 15.33% | - | - | |
| Industrial Engineering | - | - | 6.14% | - | |
| Machinery: Industrial | - | - | - | 3.39% | |
| Machinery: Tools | - | - | - | 2.76% | |
| General Industrials | - | - | 3.66% | - | |
| Diversified Industrials | - | - | - | 3.66% | |
| Electronic & Electrical Equipment | - | - | 2.46% | - | |
| Electrical Components | - | - | - | 2.46% | |
| Industrial Transportation | - | - | 2.41% | - | |
| Delivery Services | - | - | - | 2.41% | |
| Industrial Support Services | - | - | 0.66% | - | |
| Professional Business Support Services | - | - | - | 0.66% | |
| Telecommunications | 10.76% | - | - | - | |
| Telecommunications | - | 10.76% | - | - | |
| Telecommunications Equipment | - | - | 7.89% | - | |
| Telecommunications Equipment | - | - | - | 7.89% | |
| Telecommunications Service Providers | - | - | 2.86% | - | |
| Telecommunications Services | - | - | - | 2.86% | |
| Health Care | 6.29% | - | - | - | |
| Health Care | - | 6.29% | - | - | |
| Medical Equipment & Services | - | - | 5.37% | - | |
| Medical Equipment | - | - | - | 2.81% | |
| Medical Supplies | - | - | - | 2.55% | |
| Pharmaceuticals & Biotechnology | - | - | 0.92% | - | |
| Biotechnology | - | - | - | 0.92% | |
| Consumer Staples | 2.08% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.45% | - | - | |
| Food Producers | - | - | 1.45% | - | |
| Food Products | - | - | - | 1.45% | |
| Personal Care, Drug & Grocery Stores | - | 0.64% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.64% | - | |
| Drug Retailers | - | - | - | 0.64% | |
| Basic Materials | 1.04% | - | - | - | |
| Basic Resources | - | 1.04% | - | - | |
| Industrial Metals & Mining | - | - | 1.04% | - | |
| Metal Fabricating | - | - | - | 1.04% | |
| Real Estate | 0.97% | - | - | - | |
| Real Estate | - | 0.97% | - | - | |
| Real Estate Investment & Services | - | - | 0.97% | - | |
| Real Estate Holding and Development | - | - | - | 0.97% | |
| Cash and Equivalents | 0.03% | - | - | - | |
| Non-Classified | 0.00% | - | - | - | |
Regional Allocation
| Emerging Asia | 73.23% | |
| Developed Asia | 20.49% | |
| Japan | 2.55% | |
| North America | 2.09% | |
| Australia & New Zealand | 1.60% | |
| Cash and Equivalents | 0.03% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 88.57% | |
| Cash | 9.11% | |
| US Dollar | 2.32% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 73.23% | - | |
India
|
- | 23.01% | |
China
|
- | 22.05% | |
Taiwan
|
- | 12.04% | |
South Korea
|
- | 7.89% | |
Philippines
|
- | 4.10% | |
Indonesia
|
- | 2.69% | |
Thailand
|
- | 1.44% | |
| Developed Asia | 20.49% | - | |
Hong Kong
|
- | 13.13% | |
Singapore
|
- | 7.36% | |
| Japan | 2.55% | - | |
Japan
|
- | 2.55% | |
| North America | 2.09% | - | |
United States
|
- | 2.09% | |
| Australia & New Zealand | 1.60% | - | |
Australia
|
- | 0.92% | |
New Zealand
|
- | 0.68% | |
| Cash and Equivalents | 0.03% | - | |
Breakdown By Market Cap (%)
| Mega |
|
56.73% |
| Large |
|
25.34% |
| Medium |
|
1.39% |
| Non-Classified |
|
16.51% |
| Cash |
|
0.03% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | HDFC BANK LIMITED | 7.96% | Banks | India |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 7.89% | Telecommunications Equipment | South Korea |
| 3 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 7.61% | Technology Hardware & Equipment | Taiwan |
| 4 | OVERSEA-CHINESE BANKING CORPORATION LIMITED | 4.50% | Banks | Singapore |
| 5 | TENCENT HOLDINGS LIMITED | 4.31% | Software & Computer Services | China |
| 6 | MIDEA GROUP CO | 4.29% | Household Goods & Home Construction | China |
| 7 | ALIBABA GROUP HOLDING LIMITED | 4.22% | Retailers | China |
| 8 | JARDINE MATHESON HOLDINGS LIMITED | 3.66% | General Industrials | Hong Kong |
| 9 | TRIP.COM GROUP LIMITED | 3.49% | Travel & Leisure | Hong Kong |
| 10 | SHENZHEN INOVANCE TECHNOLOGY CO. LTD | 3.39% | Industrial Engineering | China |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 19.10% | - | - | - | - | - | - | 19.10% |
| Telecommunications | - | 10.76% | - | - | - | - | - | - | 10.76% |
| Financials | - | 26.24% | - | - | - | - | - | - | 26.24% |
| Real Estate | - | 0.97% | - | - | - | - | - | - | 0.97% |
| Consumer Discretionary | - | 18.16% | - | - | - | - | - | - | 18.16% |
| Consumer Staples | - | 2.08% | - | - | - | - | - | - | 2.08% |
| Health Care | - | 6.29% | - | - | - | - | - | - | 6.29% |
| Industrials | - | 15.33% | - | - | - | - | - | - | 15.33% |
| Basic Materials | - | 1.04% | - | - | - | - | - | - | 1.04% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.03% | 0.03% |
| 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | B57S0V2 |
| Mex Code | CFASPL |
| Isin Code | GB00B57S0V20 |
| Citi Code | HUA8 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.85% |
Aims and Benchmark
| Aims | This fund aims to achieve long term capital growth. The fund invests in large and mid capitalisation equities in the Asia Pacific region (excluding Japan, including Australasia). |
| Benchmark | MSCI AC Asia Pacific (ex-Japan) 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 | Bank of New York Mellon (International) Limited |
| Fund Administrator | Bank of New York Mellon (International) Limited |
| Fund Registrar | Bank of New York Mellon (International) Limited |
| Fund Custodian | 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.