Stewart Investors Worldwide Leaders Sustainability Fund Class I Acc USD
Investment objective and policy
The Fund aims to achieve capital growth over the long term (at least five years).
Pursuant to the EU Sustainable Finance Disclosure Regulation (EU 2019/2088), this Fund also has sustainable investment as its objective under Article 9. The Fund mainly invests in shares of large and mid-sized companies around the world. These companies generally have a total stock market value of at least US$3 billion. The Fund may invest in both developed and emerging market countries. Emerging market countries are those which are not classified as developed markets by MSCI or FTSE, or which are categorised by the World Bank as middle or low-income, or which are not members of the Organisation for Economic Co-operation and Development. The Fund may invest in any industry. The Fund invests in shares of high-quality companies which are positioned to contribute to, and benefit from, sustainable development. Investment decisions around high quality companies are based on three key points: (i) Quality of management. (ii) Quality of the company including its social usefulness, their environmental impacts and efficiency and responsible business practices. (iii) Quality of the company's finances and their financial performance. Sustainability is a key part of the approach. The Fund may invest up to 10% in other funds. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently.
This page is updated quarterly. Visit Fund literature page for monthly Factsheets, Quarterly Reports, KIIDS and Prospectuses.
| Fund launch date | 03 August 1999 |
|---|---|
| Share class launch date | 11 February 2000 |
| Fund size (US$m) | 52.8 |
| Benchmark | MSCI AC World Net Index* |
| Number of holdings | 42 |
| Fund manager(s) | Sashi Reddy & David Gait |
| Minimum investment | US$1000/US$500 subsequent |
| Initial charge | 0%^ |
| Ongoing charges^^ | 1.37% |
| Share type | Accumulation |
| Sedol | 0139380 |
| ISIN | IE0008368304 |
| Research rating** | Morningstar®:Silver |
| Stock name | % |
|---|---|
| Mahindra & Mahindra | 7.1 |
| bioMerieux | 5.8 |
| HDFC | 4.8 |
| Deutsche Post | 4.7 |
| Watsco | 4.1 |
| Costco Wholesale | 3.7 |
| Unicharm | 3.5 |
| CSL | 3.4 |
| Kotak Mahindra Bank | 3.0 |
| Fortinet | 2.8 |
Top ten holdings (as at 31/12/2022)
Mahindra & Mahindra
- %
- 7.1
bioMerieux
- %
- 5.8
HDFC
- %
- 4.8
Deutsche Post
- %
- 4.7
Watsco
- %
- 4.1
Costco Wholesale
- %
- 3.7
Unicharm
- %
- 3.5
CSL
- %
- 3.4
Kotak Mahindra Bank
- %
- 3.0
Fortinet
- %
- 2.8
Performance
| Period | 12 months to 31/12/22 | 12 months to 31/12/21 | 12 months to 31/12/20 | 12 months to 31/12/19 | 12 months to 31/12/18 |
|---|---|---|---|---|---|
| Fund return | -21.7 | 21.5 | 20.5 | 12.1 | -4.6 |
| Benchmark return | -18.4 | 18.5 | 16.3 | 26.6 | -8.9 |
Discrete annual performance (% in USD) to 31/12/2022
Fund return
- 12 months to 31/12/22
- -21.7
- 12 months to 31/12/21
- 21.5
- 12 months to 31/12/20
- 20.5
- 12 months to 31/12/19
- 12.1
- 12 months to 31/12/18
- -4.6
Benchmark return
- 12 months to 31/12/22
- -18.4
- 12 months to 31/12/21
- 18.5
- 12 months to 31/12/20
- 16.3
- 12 months to 31/12/19
- 26.6
- 12 months to 31/12/18
- -8.9
| Period | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Since launch |
|---|---|---|---|---|---|---|---|
| Fund return | 8.7 | 5.3 | -21.7 | 14.7 | 22.7 | 110.0 | 50.5 |
| Benchmark return | 9.8 | 2.3 | -18.4 | 12.5 | 29.7 | 130.7 | 216.4 |
Cumulative performance (% in USD) to 31/12/2022
Fund return
- 3 months
- 8.7
- 6 months
- 5.3
- 1 year
- -21.7
- 3 years
- 14.7
- 5 years
- 22.7
- 10 years
- 110.0
- Since launch
- 50.5
Benchmark return
- 3 months
- 9.8
- 6 months
- 2.3
- 1 year
- -18.4
- 3 years
- 12.5
- 5 years
- 29.7
- 10 years
- 130.7
- Since launch
- 216.4
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.
Sector breakdown
Country breakdown
Fund level reporting to 31 December 2022
- As at 31 December 2022, the Fund held 42 companies.
- All companies (100%) were contributing to at least one human development pillar and, in total, were making 106 contributions to the pillars.
- 32 companies (76%) were contributing to climate change solutions. These companies were contributing to 35 different solutions and, in total, were making 94 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.
Concentration risk: The Fund invests in a relatively small number of companies which may be riskier than a Fund that invests in a large number of companies.
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 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 Worldwide Leaders Sustainability Fund Class I (Accumulation) USD as at 31 December 2022. 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 11 February 2000.
* The benchmark changed from MSCI World Index to MSCI All Countries World Index Free on 24/02/2014. The benchmark of the Fund changed from MSCI AC World Index Gross to MSCI AC World Index Net with effect from 1 February 2019. This change has been reflected in the calculation of the benchmark performance.
^ 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.
