Stewart Investors Global Emerging Markets Leaders Fund Class A (Accumulation) GBP
First State Investments ICVC (Open Ended Investment Company domiciled in United Kingdom)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: Open Ended Investment Company

Objective: The Fund aims to grow your investment. Policy: The Fund invests in shares of companies in emerging markets or whose business is predominantly based in emerging markets. This includes companies that are listed on exchanges in developed markets. The Fund invests in shares of large and mid sized companies in the region. These companies generally have a total stock market value of at least US$1 billion. Emerging markets typically have lower average income and standards of governance than developed markets. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently. The Fund is actively managed meaning that the manager uses expertise to pick investments rather than tracking a benchmark. The Fund’s performance is compared against the value of the MSCI Emerging Markets Net Index. Investment of the Fund’s assets is not constrained by the benchmark composition and the Manager has discretion within the Fund’s investment policy to invest in assets without regard to the benchmark. You can buy and sell shares in the Fund on any business day. As long as we receive your instruction before 12 noon (UK time), shares will be bought at that day's price. The Fund's manager may use its discretion when deciding which investments should be held by the Fund. You will not receive any income from your investment. Any income will be rolled up into the value of shares in the Fund. In addition to the charges set out in the charges section, the Fund will incur portfolio transaction costs which are paid from the assets of the Fund. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Bronze
Bronze
Risk and reward profile
5
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 27/03/20204.14
Morningstar categoryGlobal Emerging Markets Equity
CurrencyGBP
Distribution statusAccumulating
ISINGB0033873919
Inception Date01/12/2003
Minimum initial amount100.00 GBP
Fees And Charges
Entry feeNone
Purchase charge0.5% (subject to minimum)
Custody feeNone
Exit feeNone
Sale chargeNone
Ongoing charge1.56% of which 0.60% is paid to MeDirect
Fund management company
AddressFirst State Investments (UK) Ltd Finsbury Circus House, 15 Finsbury Circus London EC2M 7EB United Kingdom
Manager NameTom Prew
Manager Start Date01/10/2016
Websitewww.firststateinvestments.com
Total Net Assets (mil)1,249.88 GBP (29/02/2020)
UCITSYes
AdministratorThe Bank of New York Mellon (International) Limited

Documents

Prospectus
en 14/01/2019
Annual Report
en 31/07/2018
Semi Annual Report
en 31/01/2019
Morningstar Report
29/03/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
The performance in euro can be lower or higher than the performance in the currency of denomination of the fund due to fluctuations in exchange rates.
Annualised performance in GBP
PeriodAnnualised returnDate
1 year-
3 years-
5 years-
10 years-
Since launch-
Cumulative performance in GBP
Performance
YTD 01/01/2020-
1 month-
3 months-
6 months-
Quarterly Returns
Q 1Q 2Q 3Q 4
2020----
2019-1.24%4.70%-3.06%-3.97%
2018-5.85%2.59%-3.91%-0.89%
20179.68%-2.13%1.03%8.00%
20168.95%9.65%7.24%-0.16%
Dividend
Date ex dividendGross dividendPayment Date
01/02/20190.0231/03/2019
01/02/20180.0231/03/2018
01/02/20170.0131/03/2017
01/08/20160.0330/09/2016
02/02/20150.0131/03/2015
03/02/20140.0031/03/2014
01/08/20130.0230/09/2013
01/02/20120.0031/03/2012
01/08/20110.0230/09/2011
02/08/20100.0130/09/2010
02/02/20090.0031/03/2009
01/02/20080.0031/03/2008
01/02/20070.0129/03/2007
01/08/20060.0129/09/2006
01/08/20050.0130/09/2005
02/08/20040.0130/09/2004

Asset Allocation
% Long% Short% Net Assets
Stock92.68%0.00%92.68%
Bond0.00%0.00%0.00%
Cash7.32%0.00%7.32%
Other0.00%0.00%0.00%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
13.8512.1413.12
Sharpe Ratio
-1.37-0.40-0.22
Sortino Ratio
-1.39-0.49-0.29
Positive Months6.0016.0029.00
Negative Months6.0020.0030.00
Worst Month-8.51-8.51-8.51
World Regions
Region%
Asia - Emerging33.98
Asia - Developed16.23
Latin America13.43
Africa10.41
Eurozone4.84
United Kingdom4.82
Europe - Emerging2.85
Australasia2.57
Europe - ex Euro2.54
Japan1.00
Stock Sector Weighting
Sector% of Equity
Consumer Defensive37.94
Financial Services15.32
Technology13.34
Healthcare6.00
Basic Materials5.21
Industrials4.03
Utilities3.92
Consumer Cyclical3.59
Energy2.32
Communication Services1.00
Top 10 Holdings
HoldingSectorCountry% of Assets
Tata Consultancy Services Ltd TechnologyIndia6.97
Unilever PLC Consumer DefensiveUnited Kingdom4.42
Uni-President Enterprises Corp Consumer DefensiveTaiwan4.24
Remgro Ltd Financial ServicesSouth Africa3.89
President Chain Store Corp Consumer DefensiveTaiwan3.22
Koc Holding AS ADR B IndustrialsTurkey2.85
Fomento Economico Mexicano SAB de CV ADR Consumer DefensiveMexico2.80
Banco Bilbao Vizcaya Argentaria SA Financial ServicesSpain2.69
Tata Consumer Products Ltd Consumer DefensiveIndia2.63
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
£
4.14
Closing Price
All key information and documents must be reviewed before being able to Invest.