Stewart Investors Indian Subcontinent Sustainability Fund Class III Acc USD

Investment objective and strategy

The investment objective of the Fund is to achieve long-term capital appreciation. The Fund invests primarily (at least 70% of its Net Asset Value) in a diversified portfolio of equity securities or equity-related securities of companies whose activities predominantly take place in the Indian subcontinent (countries of the Indian subcontinent include India, Pakistan, Sri Lanka, and Bangladesh) and are listed, traded or dealt in on Regulated Markets worldwide. The Fund invests primarily (at least 90% of its Net Asset Value) in companies that are positioned to contribute to, and benefit from sustainable development.

FUND SHARE CLASS ISIN SEDOL INCLUDED UNDER CPFIS DEALING DATE CURRENCY NAV
Stewart Investors Indian Subcontinent Sustainability Fund 1 Class I (Acc) IE00BFY85F47 BFY85F4 - 16 Apr 2024 EUR 11.7450
Stewart Investors Indian Subcontinent Sustainability Fund 1 Class III (Acc) IE00034QOVR6 - - 16 Apr 2024 USD 11.7568

This page is updated quarterly. Visit Fund literature page for Factsheets, Prospectus, PHS, Semi-Annual and Annual Reports.

Fund information (as at 31/12/2023)
Fund launch date 17 January 2023
Share class launch date 17 January 2023
Fund Size (US$m) 7.3
Benchmark MSCI India Net Index
Number of holdings 37
Fund manager(s) Sashi Reddy & David Gait
Minimum Investment US$500k
Initial charge 0%<
Ongoing charges^^ 1.05%
Share type Accumulation
ISIN IE00034QOVR6
Research Rating‡ Morningstar®:Gold
Top ten holdings (as at 31/12/2023)
Stock name %
Mahindra & Mahindra 7.7
HDFC 6.6
Tube Investments of India 6.4
CG Power & Industrial Solutions 5.5
Kotak Mahindra Bank 4.5
Godrej Consumer Products 3.7
Tata Consumer Products 3.5
Aavas Financiers 3.5
Dr. Reddy's Laboratories 3.4
Dr Lal Pathlabs 3.2

Performance

Annualised performance performance as at 31 Mar 2024

Annualised performance (%) Share class Currency Inception date 1yr 3yrs 5yrs 10yrs Since inception
Stewart Investors Indian Subcontinent Sustainability Fund (Ex initial charges) Class III (Acc) USD 17 Jan 2023 22.8 - - - 13.9
Stewart Investors Indian Subcontinent Sustainability Fund (Inc initial charges) Class III (Acc) USD 17 Jan 2023 16.7 - - - 9.2
Benchmark * - - - 36.8 - - - 21.9

Annualised performance performance as at 31 Mar 2024

Strategy
Fund
Stewart Investors Indian Subcontinent Sustainability Fund (Inc initial charges)
Strategy
Benchmark *
Stewart Investors Indian Subcontinent Sustainability Fund (Inc initial charges)
Share class
Class III (Acc)
Class III (Acc)
Share class
-
Class III (Acc)
Currency
USD
USD
Currency
-
USD
Inception date
17 Jan 2023
17 Jan 2023
Inception date
-
17 Jan 2023
1yr
22.8
16.7
1yr
36.8
16.7
3yrs
-
-
3yrs
-
-
5yrs
-
-
5yrs
-
-
10yrs
-
-
10yrs
-
-
Since inception
13.9
9.2
Since inception
21.9
9.2

Cumulative performance performance as at 31 Mar 2024

Cumulative performance (%) Share class Currency Inception date 3mths 1yr 3yrs 5yrs Since inception
Stewart Investors Indian Subcontinent Sustainability Fund (Ex initial charges) Class III (Acc) USD 17 Jan 2023 0.9 22.8 - - 17.0
Stewart Investors Indian Subcontinent Sustainability Fund (Inc initial charges) Class III (Acc) USD 17 Jan 2023 -4.2 16.7 - - 11.2
Benchmark * - - - 36.8 - - - 26.9

Cumulative performance performance as at 31 Mar 2024

Strategy
Fund
Stewart Investors Indian Subcontinent Sustainability Fund (Inc initial charges)
Strategy
Benchmark *
Stewart Investors Indian Subcontinent Sustainability Fund (Inc initial charges)
Share class
Class III (Acc)
Class III (Acc)
Share class
-
Class III (Acc)
Currency
USD
USD
Currency
-
USD
Inception date
17 Jan 2023
17 Jan 2023
Inception date
-
17 Jan 2023
3mths
0.9
-4.2
3mths
36.8
-4.2
1yr
22.8
16.7
1yr
-
16.7
3yrs
-
-
3yrs
-
-
5yrs
-
-
5yrs
-
-
Since inception
17.0
11.2
Since inception
26.9
11.2

* MSCI India 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 EUR, the return may increase or decrease as a result of currency fluctuations. The past performance shown here includes fees, any reinvested income and tax.

The Fund is classified as an ESG fund in Singapore. For more information, please refer to the additional ESG funds information.

Sector breakdown

Country breakdown

Fund level reporting to 31 December 2023

  • As at 31 December 2023, the Fund held 37 companies.
  • All companies (100%) were contributing to at least one human development pillar and, in total, were making 107 contributions to the pillars.
  • 22 companies (59%) were contributing to climate change solutions. These companies were contributing to 38 different solutions and, in total, were making 78 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.

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 Indian Subcontinent Sustainability Fund Class III (Accumulation) USD as at 31 December 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.

^ 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.

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 Growth Funds (Singapore Unit Trust / Authorized Scheme) / First Sentier Investors Global Umbrella Fund (IRISH VCC / Recognized Scheme).

Fund performance data is sourced from First Sentier Investors. Single pricing basis with net income reinvested. The above performance data is provided for information only and does not contain or constitute investment advice. A copy of the Prospectus is available and may be obtained from the Manager, First Sentier Investors (Singapore), or any of our distributors. Investors should read the Prospectus and consult a financial adviser before deciding to make any investment. In the event of discrepancies between the marketing materials and the Prospectus, the Prospectus shall prevail. The value of the Fund and the income from them, if any, may fall or rise. Past performance of the Fund or the Manager and any economic and market trends or forecast, is not indicative of the future or likely performance of the Fund or the Manager. Neither the Manager, nor any of its associates, nor any director, or employee accepts any liability for any loss arising directly or indirectly from any use of this information. Units are not available to U.S. persons.