Stewart Investors Indian Subcontinent All Cap Class B Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/09/20 to 30/09/21 |
30/09/21 to 30/09/22 |
30/09/22 to 30/09/23 |
30/09/23 to 30/09/24 |
30/09/24 to 30/09/25 |
|
|---|---|---|---|---|---|
| Fund | 48.6% | 14.2% | 2.5% | 17.3% | -18.8% |
| Sector | 48.6% | 5.8% | 3.0% | 23.9% | -10.5% |
| Rank | 14/25 | 1/25 | 19/25 | 25/26 | 26/26 |
| Quartile | 3 | 1 | 3 | 4 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/09/25 |
5 Years to 30/09/25 |
10 Years to 30/09/25 |
||
| Fund | -0.8% | 10.6% | 9.7% | |
| Sector | 4.5% | 12.4% | 10.0% | |
| Rank | 25/25 | 19/25 | 7/16 | |
| Quartile | 4 | 3 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MAHINDRA AND MAHINDRA LIMITED | 8.32 |
| TUBE INVESTMENTS OF INDIA LIMITED | 6.61 |
| HDFC BANK LIMITED | 5.81 |
| TRIVENI TURBINE LTD | 5.21 |
| MARICO | 4.41 |
| BAJAJ HLDGS & INVESTMENT LTD | 4.11 |
| CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED | 4.01 |
| ELGI EQUIPMENT | 3.91 |
| CARTRADE TECH LTD | 3.21 |
| TECH MAHINDRA | 3.11 |
| Total | 48.70 |
Fund Aims
The Fund aims to achieve long-term capital growth. The Fund will comprise investments in a diversified portfolio of companies of the Indian subcontinent. The Fund concentrates on securities that are listed, traded or dealt in on regulated markets in the Indian subcontinent and instruments issued by companies established, operating or having a predominant part of their economic activities in the Indian subcontinent and listed on other regulated markets.
Fund Manager
Joined the team in May 2014.
Previously, he was an analyst at CLSA for seven years and prior to that worked as a global emerging markets journalist.
Oliver holds a BA (Hons) in Chinese and Management Studies from the University of Durham, a Diploma in Chinese language from Renmin University of China and an MSc in Finance (Economic Policy) from the School of Oriental and African Studies at the University of London.
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.
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.
Fund Overview
| Mid (08/10/2025) | 435.68p |
| Historic yield | 0.00% |
| Fund size (31/08/2025) | £479.56m |
| Number of holdings | 34 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.93% |
| Launch date | 09/11/2012 |
Asset Allocation
| International Equities | 94.09% | |
| Cash and Equivalents | 5.91% |
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 | 94.09% | |
| Cash and Equivalents | 5.91% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 24.55% | - | - | - | |
| Industrial Goods & Services | - | 20.74% | - | - | |
| Industrial Engineering | - | - | 12.73% | - | |
| Machinery: Specialty | - | - | - | 9.12% | |
| Machinery: Industrial | - | - | - | 3.61% | |
| Industrial Transportation | - | - | 3.11% | - | |
| Delivery Services | - | - | - | 3.11% | |
| Electronic & Electrical Equipment | - | - | 2.51% | - | |
| Electrical Components | - | - | - | 2.51% | |
| Industrial Support Services | - | - | 2.40% | - | |
| Professional Business Support Services | - | - | - | 2.40% | |
| Construction & Materials | - | 3.81% | - | - | |
| Construction & Materials | - | - | 3.81% | - | |
| Cement | - | - | - | 2.51% | |
| Building: Climate Control | - | - | - | 1.30% | |
| Financials | 22.44% | - | - | - | |
| Financial Services | - | 12.93% | - | - | |
| Finance & Credit Services | - | - | 7.11% | - | |
| Consumer Lending | - | - | - | 5.11% | |
| Mortgage Finance | - | - | - | 2.00% | |
| Investment Banking & Brokerage Services | - | - | 5.81% | - | |
| Diversified Financial Services | - | - | - | 4.11% | |
| Investment Services | - | - | - | 1.70% | |
| Banks | - | 5.81% | - | - | |
| Banks | - | - | 5.81% | - | |
| Banks | - | - | - | 5.81% | |
| Insurance | - | 3.71% | - | - | |
| Non-life Insurance | - | - | 3.71% | - | |
| Property & Casualty Insurance | - | - | - | 2.81% | |
| Insurance Brokers | - | - | - | 0.90% | |
| Consumer Discretionary | 15.23% | - | - | - | |
| Automobiles & Parts | - | 8.32% | - | - | |
| Automobiles & Parts | - | - | 8.32% | - | |
| Automobiles | - | - | - | 8.32% | |
| Travel & Leisure | - | 3.91% | - | - | |
| Travel & Leisure | - | - | 3.91% | - | |
| Travel & Tourism | - | - | - | 2.10% | |
| Hotels & Motels | - | - | - | 1.80% | |
| Consumer Products & Services | - | 3.01% | - | - | |
| Leisure Goods | - | - | 3.01% | - | |
| Recreational Vehicles & Boats | - | - | - | 3.01% | |
| Technology | 12.83% | - | - | - | |
| Technology | - | 12.83% | - | - | |
| Software & Computer Services | - | - | 12.83% | - | |
| Consumer Digital Services | - | - | - | 8.02% | |
| Computer Services | - | - | - | 4.81% | |
| Consumer Staples | 6.71% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.41% | - | - | |
| Food Producers | - | - | 4.41% | - | |
| Food Products | - | - | - | 4.41% | |
| Personal Care, Drug & Grocery Stores | - | 2.30% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.30% | - | |
| Personal Products | - | - | - | 1.60% | |
| Nondurable Household Products | - | - | - | 0.70% | |
| Basic Materials | 6.61% | - | - | - | |
| Basic Resources | - | 6.61% | - | - | |
| Industrial Metals & Mining | - | - | 6.61% | - | |
| Metal Fabricating | - | - | - | 6.61% | |
| Cash and Equivalents | 5.91% | - | - | - | |
| Health Care | 5.51% | - | - | - | |
| Health Care | - | 5.51% | - | - | |
| Health Care Providers | - | - | 2.61% | - | |
| Health Care Facilities | - | - | - | 2.61% | |
| Pharmaceuticals & Biotechnology | - | - | 1.70% | - | |
| Pharmaceuticals | - | - | - | 1.70% | |
| Medical Equipment & Services | - | - | 1.20% | - | |
| Medical Supplies | - | - | - | 1.20% | |
| Telecommunications | 0.20% | - | - | - | |
| Telecommunications | - | 0.20% | - | - | |
| Telecommunications Service Providers | - | - | 0.20% | - | |
| Telecommunications Services | - | - | - | 0.20% | |
Regional Allocation
| Emerging Asia | 91.98% | |
| Cash and Equivalents | 5.91% | |
| North America | 2.10% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 100.00% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 91.98% | - | |
India
|
- | 91.98% | |
| Cash and Equivalents | 5.91% | - | |
| North America | 2.10% | - | |
United States
|
- | 2.10% | |
Breakdown By Market Cap (%)
| Mega |
|
8.82% |
| Large |
|
35.27% |
| Medium |
|
31.16% |
| Small |
|
12.02% |
| Micro |
|
1.20% |
| Non-Classified |
|
5.61% |
| Cash |
|
5.91% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MAHINDRA AND MAHINDRA LIMITED | 8.32% | Automobiles & Parts | India |
| 2 | TUBE INVESTMENTS OF INDIA LIMITED | 6.61% | Industrial Metals & Mining | India |
| 3 | HDFC BANK LIMITED | 5.81% | Banks | India |
| 4 | TRIVENI TURBINE LTD | 5.21% | Industrial Engineering | India |
| 5 | MARICO | 4.41% | Food Producers | India |
| 6 | BAJAJ HLDGS & INVESTMENT LTD | 4.11% | Investment Banking & Brokerage Services | India |
| 7 | CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED | 4.01% | Finance & Credit Services | India |
| 8 | ELGI EQUIPMENT | 3.91% | Industrial Engineering | India |
| 9 | CARTRADE TECH LTD | 3.21% | Software & Computer Services | India |
| 10 | TECH MAHINDRA | 3.11% | Software & Computer Services | India |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 12.83% | - | - | - | - | - | - | 12.83% |
| Telecommunications | - | 0.20% | - | - | - | - | - | - | 0.20% |
| Financials | - | 22.44% | - | - | - | - | - | - | 22.44% |
| Consumer Discretionary | - | 15.23% | - | - | - | - | - | - | 15.23% |
| Consumer Staples | - | 6.71% | - | - | - | - | - | - | 6.71% |
| Health Care | - | 5.51% | - | - | - | - | - | - | 5.51% |
| Industrials | - | 24.55% | - | - | - | - | - | - | 24.55% |
| Basic Materials | - | 6.61% | - | - | - | - | - | - | 6.61% |
| Cash and Equivalents | - | - | - | - | - | - | - | 5.91% | 5.91% |
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 | B1FXTG9 |
| Mex Code | CFISBA |
| Isin Code | GB00B1FXTG93 |
| Citi Code | I271 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.93% |
Aims and Benchmark
| Aims | The Fund aims to achieve long-term capital growth. The Fund will comprise investments in a diversified portfolio of companies of the Indian subcontinent. The Fund concentrates on securities that are listed, traded or dealt in on regulated markets in the Indian subcontinent and instruments issued by companies established, operating or having a predominant part of their economic activities in the Indian subcontinent and listed on other regulated markets. |
| Benchmark | MSCI Indian Index |
| Benchmark Category | - |
| IA Sector | India/Indian Subcontinent |
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.