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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 Asia Pacific region (excluding Japan) 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 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 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 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

Stewart Investors Asia Pacific Sustainability Fund Class I 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 Asia Pacific region (excluding Japan) and are listed, traded or dealt in on regulated markets worldwide.

FUND SHARE CLASS CURRENCY ISIN SEDOL VALUATION DATE NAV / BID PRICE
Stewart Investors Asia Pacific Sustainability Fund Class I (Acc) USD IE000BK27P89 19 Jul 2024 11.2742

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

Fund information (as at 30/06/2024)

Fund launch date 25 February 2019
Share class launch date 24 February 2023
Fund size (US$m) 545.6
Benchmark MSCI AC Asia Pacific ex Japan Net Index
Number of holdings 61
Fund managers David Gait/Sashi Reddy
Minimum investment US$1000/US$500 subsequent
Initial charge 0%
Ongoing charges^^ 1.59%
Share type ACCUMULATION
ISIN IE000BK27P89
Research rating** Morningstar®:Bronze

Top 10 holdings (as at 30/06/2024)

Stock name %
Mahindra & Mahindra Ltd. 8.8
Tube Investments of India Limited 5.0
Samsung Electronics Co., Ltd. 3.9
CG Power & Industrial Solutions Ltd 3.9
Voltronic Power Technology Corp. 3.2
HDFC Bank INR1 2.8
CSL 2.8
Taiwan Semiconductor Manufacturing Co., Ltd. 2.7
Tata Consultancy Services Limited 2.7
Midea Group Co. Ltd. Class A 2.5

Performance

Cumulative performance (%) performance as at 30 Jun 2024

Fund Share class Inception date Currency 3mths YTD 1yr 3yrs 5yrs Since inception
Stewart Investors Asia Pacific Sustainability Fund Class I (Acc) 24 Feb 2023 USD 6.3 6.2 8.6 - - 12.7
Benchmark * - - - 6.3 8.5 13.0 - - 14.0

Cumulative performance (%) performance as at 30 Jun 2024

Strategy
Fund
Benchmark *
Share class
Class I (Acc)
-
Inception date
24 Feb 2023
-
Currency
USD
-
3mths
6.3
6.3
YTD
6.2
8.5
1yr
8.6
13.0
3yrs
-
-
5yrs
-
-
Since inception
12.7
14.0

* MSCI AC Asia Pacific ex Japan Net Index

These figures refer to the past. Past performance including simulated past performance is not a reliable indicator of future results. For investors based in countries with currencies other than that of the above, the return may increase or decrease as a result of currency fluctuations. The past performance shown here includes fees, any reinvested income and tax.

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 Jun 2024

Country breakdown as at 30 Jun 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 30 June 2024

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

  • As at 30 June 2024, the Fund held 61 companies.
  • All companies (100%) were contributing to at least one human development pillar and, in total, were making 172 contributions to the pillars.
  • 42 companies (69%) were contributing to climate change solutions. These companies were contributing to 42 different solutions and, in total, were making 137 contributions to the solutions.

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

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.

Important information

 

These figures refer to the past. Past performance including simulated 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. The past performance shown here includes fees, any reinvested income and tax.

All performance data for the Stewart Investors Asia Pacific Sustainability Fund Class I (Accumulation) USD as at 30 September 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. Since inception performance figures have been calculated from 17 May 2019.

^ An initial charge of up to 7% 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.

With effect from 22 September 2020, First State Investments was rebranded to First Sentier Investors. The names of the funds were also rebranded, please view the full list of the fund name changes: First Sentier Investors Global Umbrella Fund (VCC).