Investment objective and policy

The Fund aims to grow your investment over the long-term.

The Fund mainly invests in shares of large and mid-sized companies based in or where the majority of their activities take place in the Asia Pacific region excluding Japan and that are listed on exchanges worldwide. These companies generally have a total stock market value of at least US$ 1 billion. The Fund invests in shares of high-quality companies which are positioned to contribute to, and benefit from, sustainable development.

Investment decisions use a thematic sustainability approach and an assessment aiming to identify high quality companies based on three key points: (i) Quality of management. (ii) Quality of the franchise company including its social usefulness, their environmental impacts and efficiency and responsible business practices. (iii) Quality of the company's finances and their financial performance. Sustainability is a key part of the approach. Pursuant to the EU Sustainable Finance Disclosure Regulation (EU 2019/2088), this Fund also has sustainable investment as its objective under Article 9.

This page is updated monthly. Visit Fund literature page for the fund documents.

FUND SHARE CLASS CURRENCY ISIN SEDOL VALUATION DATE NAV / BID PRICE
Stewart Investors Asia Pacific Leaders Fund7 Class I (H Dist) EUR IE00BFY85N21 BFY85N2 14 Feb 2025 3.2496

Fund information as at 31 Dec 2024

Fund launch date 18 February 2019
Share class launch date 18 February 2019
Total fund size €920.9mn
Number of holdings 40
Minimum initial investment €1,000
Minimum subsequent investment €500
Management fee 1.45%p.a.
Initial charge 5.0%

Top 10 holdings as at 31 Dec 2024

Stock name Sector %
Mahindra & Mahindra Ltd. Consumer Discretionary 8.8
Oversea-Chinese Banking Corporation Limited Financials 5.8
HDFC Bank INR1 Financials 5.6
Hoya Corporation Health Care 5.3
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology 4.3
Tata Consultancy Services Limited Information Technology 4.0
Dr. Reddy's Laboratories Ltd. Health Care 3.8
Tech Mahindra Limited Information Technology 3.6
Samsung Electronics Co., Ltd. Information Technology 3.5
Midea Group Co. Ltd. Class A Consumer Discretionary 3.3

7 As of end of 2024, please note that Stewart Investors strategies and the Funds within the First Sentier Investors Global Umbrella Fund plc (Irish VCC) have been renamed. Please refer to this note for further information.

Reference to specific securities (if any) is included for the purpose of illustration only and should not be construed as a recommendation to buy or sell the same.

Performance

Cumulative performance (%) as at 31 Dec 2024

Fund Share class Inception date Currency 3mths YTD 1yr 3yrs 5yrs Since inception
Stewart Investors Asia Pacific Leaders Fund Class I (H Dist) 18 Feb 2019 EUR -0.6 10.7 10.7 -0.7 38.9 48.4
Benchmark * - - - -1.0 17.5 17.5 7.2 25.8 39.9

Cumulative performance (%) as at 31 Dec 2024

Strategy
Fund
Benchmark *
Share class
Class I (H Dist)
-
Inception date
18 Feb 2019
-
Currency
EUR
-
3mths
-0.6
-1.0
YTD
10.7
17.5
1yr
10.7
17.5
3yrs
-0.7
7.2
5yrs
38.9
25.8
Since inception
48.4
39.9

Calendar year performance (%) as at 31 Dec 2024

Fund Share class Currency 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Stewart Investors Asia Pacific Leaders Fund Class I (H Dist) EUR 10.7 4.2 -14.0 19.3 17.2 - - - - -
Benchmark * - - 17.5 3.7 -12.1 4.5 12.3 - - - - -

Calendar year performance (%) as at 31 Dec 2024

Strategy
Fund
Benchmark *
Share class
Class I (H Dist)
-
Currency
EUR
-
2024
10.7
17.5
2023
4.2
3.7
2022
-14.0
-12.1
2021
19.3
4.5
2020
17.2
12.3
2019
-
-
2018
-
-
2017
-
-
2016
-
-
2015
-
-

* MSCI AC Asia Pacific ex Japan Net Index

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 EUR, the return may increase or decrease as a result of currency fluctuations. Source for Fund - Lipper IM/First Sentier Investors/Stewart Investors. Performance data is calculated on a net basis by deducting fees incurred at fund level (e.g. the management and administration fee) and other costs charged to the fund (e.g. transaction and custody costs), save that it does not take account of initial charges or switching fees (if any). Source for benchmark – Factset. Fund and benchmark includes income reinvested net of withholding tax. Since inception performance calculated from 18 Feb 2019.

Source: Lipper, Nav-Nav (with dividend reinvested where applicable)

The Fund is a sub fund of Ireland domiciled First Sentier Investors Global Umbrella Fund plc.

Acc represents share class with dividends accumulated. M Dist represents share class with monthly distribution of dividends. H Dist represents share class with half-yearly distribution of dividends. Q Dist represents share class with quarterly distribution of dividends. Dividends are not guaranteed and may be paid out of capital. All prices are for indication only. For detail, please refer to the Fund’s factsheet for further details including investment objective & strategy, asset allocation, top 10 holdings, comparison with benchmark (if any) and disclosure.

 

Sector breakdown as at 31 Dec 2024

Country breakdown as at 31 Dec 2024

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

Risk Factors

The value of investments and any income from them may go down as well as up and is not guaranteed. Investors may get back significantly less than the original amount invested.

The Fund may also experience the following risks:

Emerging market risk: Emerging markets tend to be more sensitive to economic and political conditions than developed markets. Other factors include greater liquidity risk, restrictions on investment or transfer of assets, failed/delayed settlement and difficulties valuing securities.

Currency risk: The Fund invests in assets which are denominated in other currencies; changes in exchange rates will affect the value of the Fund and could create losses. Currency control decisions made by governments could affect the value of the Fund's investments and could cause the Fund to defer or suspend redemptions of its shares.

Single country / specific region risk: investing in a single country or specific region may be riskier than investing in a number of different countries or regions. Investing in a larger number of countries or regions helps spread risk.

For further information on risks, please refer to the Risk Factors section in the Company prospectus.

Investment should be made on the basis of the Prospectus and Key Investor Information Document. If you are in any doubt as to the suitability of any of our funds for your investment needs, please seek independent financial advice.

Fund name changes

As of end of 2024, please note that Stewart Investors strategies and the Funds within the UK First Sentier Investors ICVC, First Sentier Investors Global Umbrella Fund plc (Irish VCC) and First Sentier Investors Global Growth Funds (Singapore Unit Trust) have been renamed. Please refer to our note via the link below for further information.