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  • The Fund invests primarily in a diversified portfolio of equity securities or equity-related securities of companies whose activities predominantly take place in the Indian subcontinent and are listed, traded or dealt in on regulated markets worldwide
  • Investing with the sustainability investment strategy in the Fund is subject to the associated risks such as subjective judgement in investment section, reliance on third party sources, lack of global standardization regarding which activities qualify as sustainable and concentration in investments with sustainability focus
  • The Fund invests in emerging markets which may have increased risks than developed markets including liquidity risk, currency risk/control, political and economic uncertainties, high degree of volatility, settlement risk and custody risk
  • The Fund invests in shares in India and the other countries in the Indian Subcontinent which may have greater risk than developed markets including potential changes in tax law and practices and the political, social and economic environment
  • Investing in small/mid-capitalisation companies securities may have lower liquidity and their prices are more volatile to adverse economic developments
  • The Fund’s investments may be concentrated in a single sector or single country/specific region which may have higher volatility or greater loss of capital than more diversified portfolios
  • The Fund may use FDIs for hedging and efficient portfolio management purposes, which may subject the Fund to additional liquidity, valuation, counterparty and over the counter transaction risks
  • It is possible that a part or entire value of your investment could be lost. You should not base your investment decision solely on this document. Please read the offering document including risk factors for details

Stewart Investors Indian Subcontinent Sustainability Fund Class III Acc USD

Investment objective and strategy

The Fund aims to achieve long term capital appreciation and sustainably invest in companies which both contribute to, and benefit from, sustainable development, achieving positive social and environmental sustainable outcomes. The Fund invests primarily in a diversified portfolio of equity securities or equity-related securities of companies whose activities predominantly take place in the Indian subcontinent and are listed, traded or dealt in on regulated markets worldwide.

FUND SHARE CLASS CURRENCY ISIN SEDOL VALUATION DATE NAV / BID PRICE
Stewart Investors Indian Subcontinent Sustainability Fund Class III (Acc) USD IE00034QOVR6 01 Mar 2024 11.8050
Stewart Investors Indian Subcontinent Sustainability Fund Class E (Acc) USD IE000X8C8YF3 01 Mar 2024 11.8274

This page is updated quarterly. Visit Fund literature page for monthly Factsheets, Quarterly Reports, KFS and Prospectus.

Fund information (as at 31/12/2023)
Fund launch date 17 January 2023
Share class launch date 17 January 2023
Fund Size (US$m) 7.3
Benchmark MSCI India Net Index
Number of holdings 37
Fund manager(s) Sashi Reddy & David Gait
Minimum Investment US$500k
Initial charge 0%<
Ongoing charges^^ 1.05%
Share type Accumulation
ISIN IE00034QOVR6
Research Rating‡ Morningstar®:Gold
Top ten holdings (as at 31/12/2023)
Stock name %
Mahindra & Mahindra 7.7
HDFC 6.6
Tube Investments of India 6.4
CG Power & Industrial Solutions 5.5
Kotak Mahindra Bank 4.5
Godrej Consumer Products 3.7
Tata Consumer Products 3.5
Aavas Financiers 3.5
Dr. Reddy's Laboratories 3.4
Dr Lal Pathlabs 3.2

Performance

 

To comply with regulatory requirements, a chart showing the Fund's performance versus its benchmark index, together with performance data, will be provided once the Funds has been in operation for six months.

Sector breakdown

Country breakdown

Allocation percentage is rounded to the nearest one decimal place and the total allocation percentage may not add up to 100%.

Fund level reporting to 31 December 2023

  • As at 31 December 2023, the Fund held 37 companies.
  • All companies (100%) were contributing to at least one human development pillar and, in total, were making 107 contributions to the pillars.
  • 22 companies (59%) were contributing to climate change solutions. These companies were contributing to 38 different solutions and, in total, were making 78 contributions to the solutions.

The social and environmental outcomes for the Fund are provided in the charts.

Full information on our ESG/Sustainability Fund reporting is available here.

Important information

 

These figures refer to the past. Past performance is not a reliable indicator of future results. For investors based in countries with currencies other than USD, the return may increase or decrease as a result of currency fluctuations.

All performance data for the Stewart Investors Indian Subcontinent Sustainability Fund Class III (Accumulation) USD as at 31 December 2023. Source for fund - Lipper IM / Stewart Investors. Performance data is calculated on a net basis by deducting fees incurred at fund level (e.g. the management fee and other fund expenses), save that it does not take account of initial charges or switching fees (if any). Income reinvested is included on a net of tax basis. Source for benchmark - MSCI, income reinvested net of tax.

^ An initial charge of up to 5% may be levied in certain circumstances, including on regular savings plans and may be remitted as commission to an intermediary.

^^ The ongoing charge figure (OCF) is calculated on the same basis as for the Key Investor Information Document and represents the charges you will pay over a year for as long as you hold your investment and may vary from year to year. The OCF is made up of the annual management charge and additional expenses, but excludes portfolio transaction costs. For further information about charges and costs please visit https://www.firstsentierinvestors.com/uk/en/private/charges-overview.html.

** This does not constitute an investment recommendation and is not indicative of future results. Methodology available on rating provider's website.