Investment objective and policy

The Fund aims to grow your investment.

The Fund invests at least 70% of its assets in shares of large and mid sized companies in emerging markets or whose business is predominantly based in emerging markets. This includes companies that are listed on exchanges in developed markets. These companies generally have a total stock market value of at least US$ 1 billion. Emerging markets are countries considered to have social or business activity in the process of rapid growth. The Fund may invest up to 100% of its assets in Emerging Markets and any industry. The Fund will not invest more than 50% of its assets in China A Shares.

The Fund may use derivatives with the aim of risk reduction or efficient management.

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

Stewart Investors Global Emerging Markets Leaders Fund

Overview of Stewart Investors Global Emerging Markets Leaders Fund performance

Fund name Fund type Currency Price Daily change Price date Factsheet
Stewart Investors Global Emerging Markets Leaders Class I (Acc) Irish UCITs EUR 10.72 -0.67 19 Jul 2024

Fund information (as at 30/06/2024)

Fund launch date 06 October 2005
Share class launch date 22 February 2019
Fund size (€m) 41.1
Benchmark MSCI Emerging Markets Net Index
Number of holdings 39
Fund managers Jack Nelson/David Gait
Minimum investment €1000/€500 subsequent
Initial charge 0%
Ongoing charges^^ 1.45%
Share type ACCUMULATION
Sedol BFY84Y6
ISIN IE00BFY84Y60
Research rating** Morningstar®:Bronze

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

Stock name %
Taiwan Semiconductor Manufacturing Co., Ltd. 8.3
HDFC Bank INR1 6.3
Samsung Electronics Co., Ltd. 5.9
Mahindra & Mahindra Ltd. 5.6
Unicharm Corporation 4.5
Tata Consultancy Services Limited 4.4
Delta Electronics, Inc. 3.8
Jeronimo Martins, SGPS S.A. 3.5
Infosys Limited 3.3
Kotak Mahindra Bank Limited 3.1

Performance

Annualised performance as at 30 Jun 2024

Annual performance (% in EUR) Share type 12 mths to 30 Jun 2024 12 mths to 30 Jun 2023 12 mths to 30 Jun 2022 12 mths to 30 Jun 2021 12 mths to 30 Jun 2020
Stewart Investors Global Emerging Markets Leaders Fund Class I (Acc) 5.7 6.7 -5.1 25.2 -19.9
Benchmark * - 14.6 -2.5 -15.2 33.4 -2.0

Annualised performance as at 30 Jun 2024

Strategy
Fund
Benchmark *
Share type
Class I (Acc)
-
12 mths to 30 Jun 2024
5.7
14.6
12 mths to 30 Jun 2023
6.7
-2.5
12 mths to 30 Jun 2022
-5.1
-15.2
12 mths to 30 Jun 2021
25.2
33.4
12 mths to 30 Jun 2020
-19.9
-2.0

Cumulative performance as at 30 Jun 2024

Cumulative performance (% in EUR) Share type Launch date 3mths 6mths 1yr 3yrs 5yrs 10yrs Since launch
Stewart Investors Global Emerging Markets Leaders Fund Class I (Acc) 22 Feb 2019 3.3 2.8 5.7 7.0 7.4 - 7.0
Benchmark * - - 5.8 10.8 14.6 -5.3 23.8 - 24.1

Cumulative performance as at 30 Jun 2024

Strategy
Fund
Benchmark *
Share type
Class I (Acc)
-
Launch date
22 Feb 2019
-
3mths
3.3
5.8
6mths
2.8
10.8
1yr
5.7
14.6
3yrs
7.0
-5.3
5yrs
7.4
23.8
10yrs
-
-
Since launch
7.0
24.1

* MSCI Emerging Markets 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.

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Sector breakdown as at 30 Jun 2024

Country breakdown as at 30 Jun 2024

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 39 companies.
  • All companies (100%) were contributing to at least one human development pillar and, in total, were making 109 contributions to the pillars.
  • 24 companies (62%) were contributing to climate change solutions. These companies were contributing to 29 different solutions and, in total, were making 79 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 Leaders 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 EUR, the return may increase or decrease as a result of currency fluctuations.

All performance data for the Stewart Investors Global Emerging Markets Leaders Fund Class I (Accumulation) EUR 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 22 February 2019.

¬ Jack Nelson took over management of the fund on 1 April 2022.

^ 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.