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  • The Fund invests primarily in a diverse portfolio of equity securities or equity-related securities of larger capitalisation companies which are listed, traded or dealt in on any of the regulated markets worldwide
  • Investing with the sustainability investment strategy in the Fund is subject to the associated risks such as subjective judgement in investment selection, reliance on third party source, 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
  • Investing in 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 small number of companies which may have higher volatility or greater loss of capital than more diversified portfolios
  • The Fund may expose to China market risk including repatriation risk, uncertainties to PRC taxation policies and risks associated with StockConnects, QFI, the ChiNext market and/or the STAR board. The Fund may also expose to RMB currency and conversion risk
  • 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

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 diverse portfolio of equity securities or equity-related securities of larger capitalisation companies which are listed, traded or dealt in on any of the regulated markets worldwide.

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

Fund information (as at 31/05/2024)

Fund launch date 03 August 1999
Share class launch date 05 February 2018
Fund size (US$m) 73.4
Benchmark MSCI AC World Net Index
Number of holdings 39
Fund managers Sashi Reddy/David Gait
Minimum investment US$500000
Initial charge 0%
Ongoing charges^^ 0.55%
Share type ACCUMULATION
Sedol BK1PN15
ISIN IE00BK1PN152
Research rating** Morningstar®:Silver

Top 10 holdings (as at 31/05/2024)

Stock name %
Mahindra & Mahindra Ltd. 7.7
Watsco, Inc. 7.2
bioMerieux SA 5.3
Fortinet, Inc. 5.0
HDFC Bank INR1 4.9
Costco Wholesale Corporation 4.1
Arista Networks, Inc. 4.0
Deutsche Post AG 3.8
Beiersdorf AG 3.1
Copart, Inc. 2.8

Performance

Cumulative performance (%) as at 31 Oct 2023

Calendar year performance (%)

15On 15 Jan 2019, the fund name has been changed from Stewart Investors Worldwide Leaders Fund to Stewart Investors Worldwide Leaders Sustainability Fund. The benchmark displayed is the MSCI World Index until 23 Feb 2014, the MSCI AC World Index from 24 Feb 2014 onwards.

Class I (USD-Acc) is the non-dividend distributing class of the fund. The performance quoted are based on USD total return (non-dividend distributing) of the respective class.

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 30 Apr 2024

Country breakdown as at 30 Apr 2024

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 Dec 2023

The SFDR Level 2 reporting template for each of our Article 9 funds is available in a standalone document and also within the First Sentier Investors Global Umbrella Fund plc 2022 Annual Report. The social and environmental outcomes for the Funds are below:

  • As at 31 December 2023, the Fund held 38 companies.
  • All companies (100%) were contributing to at least one human development pillar and, in total, were making 98 contributions to the pillars.
  • 30 companies (79%) were contributing to climate change solutions. These companies were contributing to 36 different solutions and, in total, were making 94 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.

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.

Concentration risk: The Fund invests in a relatively small number of companies which may be riskier than a Fund that invests in a large number of companies. 

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.

Portfolio Explorer

Explore the companies held within our Worldwide Sustainability Leaders Strategy.

Insights

Latest articles, research and reports from Stewart Investors.

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 Worldwide Leaders Sustainability Fund Class III (Accumulation) USD as at specified date. 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. Since inception performance figures have been calculated from 05 February 2018.

* The benchmark of the Fund changed from MSCI AC World Index Gross to MSCI AC World Index Net with effect from 1 February 2019. This change has been reflected in the calculation of the benchmark performance.

^ 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.