Investment objective and policy

The Fund aims to achieve capital growth over the long term (at least five years).

The Fund invests in shares of 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. 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 invests in shares of high-quality companies which are positioned to contribute to, and benefit from, sustainable development. Investment decisions around high quality companies are based on three key points: (i) Quality of management. (ii) Quality of the 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. 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.

This page is updated monthly. Visit Fund literature page for monthly Factsheets, Quarterly Reports, KIIDS and Prospectuses.

Stewart Investors Global Emerging Markets Sustainability Fund

Overview of Stewart Investors Global Emerging Markets Sustainability Fund performance

Fund name Fund type Currency Price Daily change Price date Factsheet
Stewart Investors Global Emerging Markets Sustainability Class III (Acc) Irish UCITs USD 10.14 0.33 24 Jun 2024

Fund information (as at 31/05/2024)

Fund launch date 18 February 2019
Share class launch date 04 March 2024
Fund size (US$m) 542.4
Benchmark MSCI Emerging Markets Net Index
Number of holdings 49
Fund managers Sujaya Desai/Jack Nelson
Minimum investment US$500000
Initial charge 0%
Ongoing charges^^ 1.1%
Share type ACCUMULATION
ISIN IE0007HM1I70

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

Stock name %
Mahindra & Mahindra Ltd. 7.1
Taiwan Semiconductor Manufacturing Co., Ltd. 5.3
HDFC Bank INR1 4.8
Tube Investments of India Limited 4.7
Tata Consultancy Services Limited 4.2
Jeronimo Martins, SGPS S.A. 3.2
Marico Limited 3.1
Unicharm Corporation 3.1
Qualitas Controladora S.A.B. de C.V. 3.0
Milkyway Chemical Supply Chain 2.8

Performance

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Sector breakdown as at 31 May 2024

Country breakdown as at 31 May 2024

Fund level reporting to 31 Dec 2023

  • As at 31 December 2023, the Fund held 57 companies.
  • All companies (100%) were contributing to at least one human development pillar and, in total, were making 167 contributions to the pillars.
  • 36 companies (63%) were contributing to climate change solutions. These companies were contributing to 33 different solutions and, in total, were making 111 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.

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 Global Emerging Markets Sustainability 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 Global Emerging Markets Sustainability Fund Class III (Accumulation) USD as at the 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 08 April 2009.

* The benchmark for this Fund has been identified as a means by which investors can compare the performance of the Fund and has been chosen because its constituents most closely represent the scope of the investable assets. The benchmark is not used to limit or constrain how the portfolio is constructed nor is it part of a target set for Fund performance. Given the diverse nature of the constituent funds within the Specialist IA sector the manager does not compare performance of this Fund with its IA sector.

^ An initial charge of up to 0% 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.