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 Emerging Markets 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 Global Emerging Markets Sustainability Fund 1 Class I (Acc) IE00BFY85Q51 BFY85Q5 - 19 Jul 2024 EUR 9.6514

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

Fund information (as at 30/06/2024)

Fund launch date 18 February 2019
Share class launch date 07 October 2021
Fund size (€m) 530.0
Benchmark MSCI Emerging Markets Net Index
Number of holdings 49
Fund managers Sujaya Desai/Jack Nelson
Minimum investment €1000/€500 subsequent
Initial charge 0%
Ongoing charges^^ 1.59%
Share type ACCUMULATION
Sedol BFY85Q5
ISIN IE00BFY85Q51
Research rating** Morningstar®:Bronze

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

Stock name %
Mahindra & Mahindra Ltd. 7.7
Taiwan Semiconductor Manufacturing Co., Ltd. 6.0
Tube Investments of India Limited 5.3
HDFC Bank INR1 5.1
Tata Consultancy Services Limited 4.3
Samsung Electronics Co., Ltd. 2.9
Unicharm Corporation 2.9
Voltronic Power Technology Corp. 2.8
Kotak Mahindra Bank Limited 2.8
Jeronimo Martins, SGPS S.A. 2.7

Performance

Annualised performance performance as at 30 Jun 2024

Annualised performance (%) Share class Currency Inception date 1yr 3yrs 5yrs 10yrs Since inception
Stewart Investors Global Emerging Markets Sustainability Fund (Ex initial charges) Class I (Acc) EUR 07 Oct 2021 7.1 - - - -0.8
Stewart Investors Global Emerging Markets Sustainability Fund (Inc initial charges) Class I (Acc) EUR 07 Oct 2021 1.7 - - - -2.7
Benchmark * - - - 14.6 - - - 0.1

Annualised performance performance as at 30 Jun 2024

Strategy
Fund
Stewart Investors Global Emerging Markets Sustainability Fund (Inc initial charges)
Share class
Class I (Acc)
Class I (Acc)
Currency
EUR
EUR
Inception date
07 Oct 2021
07 Oct 2021
1yr
7.1
1.7
3yrs
-
-
5yrs
-
-
10yrs
-
-
Since inception
-0.8
-2.7

Cumulative performance performance as at 30 Jun 2024

Cumulative performance (%) Share class Currency Inception date 3mths 1yr 3yrs 5yrs Since inception
Stewart Investors Global Emerging Markets Sustainability Fund (Ex initial charges) Class I (Acc) EUR 07 Oct 2021 4.3 7.1 - - -2.2
Stewart Investors Global Emerging Markets Sustainability Fund (Inc initial charges) Class I (Acc) EUR 07 Oct 2021 -0.9 1.7 - - -7.1
Benchmark * - - - 14.6 - - - 0.4

Cumulative performance performance as at 30 Jun 2024

Strategy
Fund
Stewart Investors Global Emerging Markets Sustainability Fund (Inc initial charges)
Share class
Class I (Acc)
Class I (Acc)
Currency
EUR
EUR
Inception date
07 Oct 2021
07 Oct 2021
3mths
4.3
-0.9
1yr
7.1
1.7
3yrs
-
-
5yrs
-
-
Since inception
-2.2
-7.1

* 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.

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

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 49 companies.
  • All companies (100%) were contributing to at least one human development pillar and, in total, were making 145 contributions to the pillars.
  • 30 companies (61%) were contributing to climate change solutions. These companies were contributing to 31 different solutions and, in total, were making 92 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.

Important information

 

^ 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.