Stewart Investors Global Emerging Markets Leaders Fund Class A (Accumulation) GBP
First Sentier Investors 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 achieve capital growth over the long term (at least five years). Policy: The Fund invests in shares of large and mid-sized companies in emerging markets or where the majority of their activities take place in emerging markets. This includes companies that are listed on exchanges in developed markets. These companies generally have a total stock market value of at least US$1 billion. Emerging market countries are those which are not classified as developed markets by MSCI or FTSE, or which are categorised by the World Bank as middle or low-income, or which are not members of the Organisation for Economic Co-operation and Development. The Fund may invest up to 10% in other funds. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently. Strategy: The Manager’s investment strategy is founded on the principle of stewardship, allocating capital to good quality companies with sound growth prospects and strong management teams. The Manager’s investment style is inherently long-term and conservative, seeking to buy and hold high quality companies that can deliver acceptable returns over the long-term (at least five years). Benchmark: The Fund’s performance is compared against the value of the MSCI Emerging Markets Net Index. The Fund's manager may use its discretion when deciding which investments should be held by the Fund. The Fund is actively managed; investment of the Fund’s assets is not constrained by the benchmark composition and the Fund’s manager has discretion within the Fund’s investment policy to invest in assets without regard to the benchmark. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years. You will not receive any income from your investment. Any income will be rolled up into the value of shares in the Fund. 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.

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 01/12/20205.18
Morningstar categoryGlobal Emerging Markets Equity
CurrencyGBP
Distribution statusAccumulating
ISINGB0033873919
Inception Date01/12/2003
Minimum initial amount100.00 GBP
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.52% of which 0.60% is paid to MeDirect
Fund management company
AddressFirst Sentier Investors (UK) Funds Ltd Finsbury Circus House, 15 Finsbury Circus London EC2M 7EB United Kingdom
Manager NameTom Prew
Manager Start Date31/05/2014
Websitewww.firststateinvestments.com
Total Net Assets (mil)803.44 GBP (30/11/2020)
UCITSYes
AdministratorThe Bank of New York Mellon (International) Limited

Documents

Prospectus
en 22/05/2020
Annual Report
en 31/07/2018
Semi Annual Report
en 31/01/2019
Morningstar Report
02/12/2020

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-3.39%01/12/2020
3 years-3.36%01/12/2020
5 years4.88%01/12/2020
10 years4.24%01/12/2020
Since launch10.21%01/12/2020
Cumulative performance in GBP
Performance
YTD 01/01/2020-3.52
1 month9.74
3 months13.16
6 months13.12
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-24.12%16.32%1.05%-
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

Asset Allocation
% Long% Short% Net Assets
Stock94.82%0.00%94.82%
Bond0.00%0.00%0.00%
Cash5.18%0.00%5.18%
Other0.00%0.00%0.00%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
28.4618.3016.41
Sharpe Ratio
---
Sortino Ratio
---
Positive Months7.0017.0033.00
Negative Months5.0019.0027.00
Worst Month-14.89-14.89-14.89
World Regions
Region%
Asia - Emerging36.37
Asia - Developed14.00
Latin America11.64
Africa10.93
United Kingdom7.11
Eurozone3.87
Australasia3.70
Europe - ex Euro3.15
Europe - Emerging2.18
Japan1.84
Stock Sector Weighting
Sector% of Equity
Consumer Defensive
38.24
Technology15.15
Financial Services14.32
Basic Materials9.06
Consumer Cyclical
6.09
Industrials5.17
Healthcare4.51
Utilities2.29
Top 10 Holdings
HoldingSectorCountry% of Assets
Tata Consultancy Services Ltd TechnologyIndia6.63
Unilever PLC Consumer DefensiveUnited Kingdom6.07
Uni-President Enterprises Corp Consumer DefensiveTaiwan4.04
Newcrest Mining Ltd Basic MaterialsAustralia3.70
Tech Mahindra Ltd TechnologyIndia3.70
President Chain Store Corp Consumer DefensiveTaiwan3.60
Housing Development Finance Corp Ltd Financial ServicesIndia3.38
Fomento Economico Mexicano SAB de CV ADR Consumer DefensiveMexico3.03
Tiger Brands Ltd Consumer DefensiveSouth Africa2.57
Banco Bilbao Vizcaya Argentaria SA Financial ServicesSpain2.32
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
£
5.18
Closing Price
All key information and documents must be reviewed before being able to Invest.