Fund Aims
The Fund aims to achieve long-term capital growth. The Fund invests worldwide in large and mid capitalisation equities in emerging economies, including those of companies listed on developed market exchanges whose activities predominantly take place in emerging market countries.
Fund Managers
Jack Nelson manager for:
3 years 2 months
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.
manager for:
3 years 2 months
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
Price
Bid
532.06p
Offer
532.06p
(05/06/2025)
Annual Management Charge
1.50%
Top 10 Holdings
|
| Stock Name |
% Weight |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED |
7.9%
|
| HDFC BANK LIMITED |
6.8%
|
| MAHINDRA AND MAHINDRA LIMITED |
6.3%
|
| SAMSUNG ELECTRONICS CO. LTD |
5.3%
|
| WAL-MART DE MEXICO S. A. B. DE C. V. |
3.6%
|
| RAIA DROGASIL SA |
3.4%
|
| AIRTAC INTL GROUP |
3.1%
|
| SHENZHEN INOVANCE TECHNOLOGY CO. LTD |
3.1%
|
| WEG S.A. |
3.0%
|
| ALIBABA GROUP HOLDING LIMITED |
3.0%
|
|
Total
|
45.5%
|
Equity Sector Allocation
| Technology |
25.0%
|
| Industrial Goods & Services |
18.5%
|
| Personal Care, Drug & Grocery Stores |
11.0%
|
| Banks |
10.9%
|
| Consumer Products & Services |
7.1%
|
| Retail |
6.6%
|
| Automobiles & Parts |
6.3%
|
| Telecommunications |
5.3%
|
| Health Care |
2.8%
|
| Basic Resources |
2.0%
|
| Other |
3.3%
|
| Cash and Equivalents |
0.4%
|
Data accurate at: 30/04/2025
Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested.
Cumulative performance figures are calculated from the previous working day.
Discrete performance figures are calculated from the previous month end.
Data accurate at: 30/04/2025
Asset Allocation
|
|
International Equities
|
99.6%
|
|
|
Cash & Equivalents
|
0.4%
|
Equity Sector Allocation
ICB Industries
ICB Supersectors
ICB Sectors
ICB Subsectors
ICB Industries
| Technology |
|
25.0% |
| Consumer Discretionary |
|
21.2% |
| Industrials |
|
18.5% |
| Financials |
|
11.9% |
| Consumer Staples |
|
11.8% |
| Telecommunications |
|
5.3% |
| Health Care |
|
2.8% |
| Basic Materials |
|
2.0% |
| Non-Classified |
|
1.1% |
| Cash and Equivalents |
|
0.4% |
ICB Supersectors
| Technology |
|
25.0% |
| Industrial Goods & Services |
|
18.5% |
| Personal Care, Drug & Grocery Stores |
|
11.0% |
| Banks |
|
10.9% |
| Consumer Products & Services |
|
7.1% |
| Retail |
|
6.6% |
| Automobiles & Parts |
|
6.3% |
| Telecommunications |
|
5.3% |
| Health Care |
|
2.8% |
| Basic Resources |
|
2.0% |
| Travel & Leisure |
|
1.2% |
| Non-Classified |
|
1.1% |
| Financial Services |
|
1.0% |
| Food, Beverage & Tobacco |
|
0.8% |
| Cash and Equivalents |
|
0.4% |
ICB Sectors
| Technology Hardware & Equipment |
|
13.2% |
| Software & Computer Services |
|
11.8% |
| Industrial Engineering |
|
11.6% |
| Personal Care, Drug & Grocery Stores |
|
11.0% |
| Banks |
|
10.9% |
| Retailers |
|
6.6% |
| Automobiles & Parts |
|
6.3% |
| Telecommunications Equipment |
|
5.3% |
| Electronic & Electrical Equipment |
|
4.1% |
| Consumer Services |
|
3.8% |
| Household Goods & Home Construction |
|
2.3% |
| Industrial Metals & Mining |
|
2.0% |
| Medical Equipment & Services |
|
1.8% |
| Industrial Transportation |
|
1.5% |
| Industrial Support Services |
|
1.3% |
| Travel & Leisure |
|
1.2% |
| Non-Classified |
|
1.1% |
| Investment Banking & Brokerage Services |
|
1.0% |
| Leisure Goods |
|
1.0% |
| Pharmaceuticals & Biotechnology |
|
1.0% |
| Food Producers |
|
0.8% |
| Cash and Equivalents |
|
0.4% |
ICB Subsectors
| Banks |
|
10.9% |
| Semiconductors |
|
9.9% |
| Machinery: Industrial |
|
9.2% |
| Computer Services |
|
8.0% |
| Diversified Retailers |
|
6.6% |
| Automobiles |
|
6.3% |
| Drug Retailers |
|
5.5% |
| Telecommunications Equipment |
|
5.3% |
| Electrical Components |
|
4.1% |
| Consumer Services: Misc. |
|
3.8% |
| Food Retailers & Wholesalers |
|
3.6% |
| Machinery: Tools |
|
2.4% |
| Consumer Digital Services |
|
2.4% |
| Household Appliance |
|
2.3% |
| Metal Fabricating |
|
2.0% |
| Personal Products |
|
1.9% |
| Medical Equipment |
|
1.8% |
| Computer Hardware |
|
1.8% |
| Delivery Services |
|
1.5% |
| Electronic Components |
|
1.5% |
| Software |
|
1.4% |
| Professional Business Support Services |
|
1.3% |
| Travel & Tourism |
|
1.2% |
| Non-Classified |
|
1.1% |
| Biotechnology |
|
1.0% |
| Recreational Vehicles & Boats |
|
1.0% |
| Diversified Financial Services |
|
1.0% |
| Food Products |
|
0.8% |
| Cash and Equivalents |
|
0.4% |
Interactive Sector Breakdown
Drill down to specific information by clicking the folders.
Breakdown By Market Cap (%)
Top 10 Holdings
|
|---|
| Stock name | % Weight | Country | Sector |
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 7.9 %
| Taiwan | Technology |
| 2 | HDFC BANK LIMITED | 6.8 %
| India | Financials |
| 3 | MAHINDRA AND MAHINDRA LIMITED | 6.3 %
| India | Consumer Discretionary |
| 4 | SAMSUNG ELECTRONICS CO. LTD | 5.3 %
| South Korea | Telecommunications |
| 5 | WAL-MART DE MEXICO S. A. B. DE C. V. | 3.6 %
| Non-Classified | Consumer Discretionary |
| 6 | RAIA DROGASIL SA | 3.4 %
| Brazil | Consumer Staples |
| 7 | AIRTAC INTL GROUP | 3.1 %
| Taiwan | Industrials |
| 8 | SHENZHEN INOVANCE TECHNOLOGY CO. LTD | 3.1 %
| China | Industrials |
| 9 | WEG S.A. | 3.0 %
| Brazil | Industrials |
| 10 | ALIBABA GROUP HOLDING LIMITED | 3.0 %
| China | Consumer Discretionary |
|
FL Dual Aspect Analysis
|
|---|
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Managed Funds | Property | Other | Cash & Equiv | Total |
| Technology | | 25.0%
| | | | | | | | 25.0%
|
| Telecommunications | | 5.3%
| | | | | | | | 5.3%
|
| Financials | | 11.9%
| | | | | | | | 11.9%
|
| Consumer Discretionary | | 21.2%
| | | | | | | | 21.2%
|
| Consumer Staples | | 11.8%
| | | | | | | | 11.8%
|
| Health Care | | 2.8%
| | | | | | | | 2.8%
|
| Industrials | | 18.5%
| | | | | | | | 18.5%
|
| Basic Materials | | 2.0%
| | | | | | | | 2.0%
|
| Cash and Equivalents | | | | | | | | | 0.4%
| 0.4%
|
| Non-Classified | | 1.1%
| | | | | | | | 1.1%
|
| Total | | 99.6%
| | | | | | | 0.4%
| 100.0%
|
Distribution Details
Income Frequency
Biannually
Distribution Payment Basis
Net
Charges
Discounted initial charge
4.000%
Net discounted AMC
0.750%
Annual Management Charge
1.50%
Distribution Dates
| Ex dividend date(s) |
Income payment date(s) |
| 01st August |
30th September |
| 01st February |
31st March |
Aims & Benchmark
Benchmark
MSCI Emerging Markets Index
Aims
The Fund aims to achieve long-term capital growth. The Fund invests worldwide in large and mid capitalisation equities in emerging economies, including those of companies listed on developed market exchanges whose activities predominantly take place in emerging market countries.
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
Fund Background
Valuation point
Daily 12:00
Fund currency
Pound Sterling
Fund domicile
United Kingdom
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
Minimum regular savings
£50
Settlement period: buy
4 days
Settlement period: sell
4 days
Data accurate at: 30/04/2025
Concentration Coefficient*
29
*A measure of portfolio concentration, e.g. where the fund coefficient is 25, this means the portfolio concentration is equivalent to holding 25 equally weighted stocks.
Risk Factors
Concentrated Portfolio
No
Investments Long Term
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.
|
Semiconductors
India
Taiwan
China
Brazil
South Korea
Hong Kong
Luxembourg
United States
Non-Classified
Indonesia
South Africa
Philippines
Mexico
Cash and Equivalents