Investment objective and policy

The Fund aims to grow your investment over the long-term.

The Fund invests in shares of companies in emerging markets or where the majority of their activities take place in emerging markets and that are listed on exchanges worldwide.

The Fund invests in shares of high-quality companies which are positioned to contribute to, and benefit from, sustainable development. Investment decisions use a thematic sustainability approach and an assessment aiming to identify high quality companies based on three key points: (i) Quality of management. (ii) Quality of the franchise 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.

Pursuant to the EU Sustainable Finance Disclosure Regulation (EU 2019/2088), this Fund also has sustainable investment as its objective under Article 9.

This page is updated monthly. Visit Fund literature page for 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 VI (Acc) Irish UCITs EUR 2.54 -0.33 04 Oct 2024

Fund information (as at 31/07/2024)

Fund launch date 18 February 2019
Share class launch date 18 February 2019
Fund size (€m) 519.9
Benchmark MSCI Emerging Markets Net Index
Number of holdings 47
Fund managers Sujaya Desai/Jack Nelson
Minimum investment €1000
Initial charge 0%
Ongoing charges^^ 0.94%
Share type ACCUMULATION
Sedol BFY85R6
ISIN IE00BFY85R68
Research rating** Morningstar®:Silver

Top 10 holdings (as at 31/07/2024)

Stock name %
Mahindra & Mahindra Ltd. 8.0
Taiwan Semiconductor Manufacturing Co., Ltd. 5.9
Tube Investments of India Limited 5.3
HDFC Bank INR1 5.0
Tata Consultancy Services Limited 4.9
Raia Drogasil S.A. 3.5
Weg S.A. 3.2
Unicharm Corporation 3.1
Samsung Electronics Co., Ltd. 3.1
Kotak Mahindra Bank Limited 2.9

Performance

Annualised performance as at 31 Aug 2024

Annual performance (% in EUR) Share type 12 mths to 31 Aug 2024 12 mths to 31 Aug 2023 12 mths to 31 Aug 2022 12 mths to 31 Aug 2021 12 mths to 31 Aug 2020
Stewart Investors Global Emerging Markets Sustainability Fund Class VI (Acc) 7.6 -4.6 -8.3 28.7 0.0
Benchmark * - 12.8 -6.2 -8.2 22.7 5.4

Annualised performance as at 31 Aug 2024

Strategy
Fund
Benchmark *
Share type
Class VI (Acc)
-
12 mths to 31 Aug 2024
7.6
12.8
12 mths to 31 Aug 2023
-4.6
-6.2
12 mths to 31 Aug 2022
-8.3
-8.2
12 mths to 31 Aug 2021
28.7
22.7
12 mths to 31 Aug 2020
0.0
5.4

Cumulative performance as at 31 Aug 2024

Cumulative performance (% in EUR) Share type Launch date 3mths 6mths 1yr 3yrs 5yrs 10yrs Since launch
Stewart Investors Global Emerging Markets Sustainability Fund Class VI (Acc) 18 Feb 2019 0.8 0.8 7.6 -5.9 21.1 - 27.4
Benchmark * - - 3.9 7.2 12.8 -2.8 25.7 - 24.8

Cumulative performance as at 31 Aug 2024

Strategy
Fund
Benchmark *
Share type
Class VI (Acc)
-
Launch date
18 Feb 2019
-
3mths
0.8
3.9
6mths
0.8
7.2
1yr
7.6
12.8
3yrs
-5.9
-2.8
5yrs
21.1
25.7
10yrs
-
-
Since launch
27.4
24.8

* 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 31 Jul 2024

Country breakdown as at 31 Jul 2024

Fund level reporting to 30 June 2024

  • 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

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.

All performance data for the Stewart Investors Global Emerging Markets Sustainability Fund Class VI (Accumulation) EUR 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 01 October 2010.

The Share Class launched on 18 February 2019. The fund performance shown in the tables above includes simulated performance based on actual performance between 1 October 2010 and 14 February 2019 of an equivalent fund, the Class B Euro Accumulation of Stewart Investors Global Emerging Markets Sustainability Fund, a sub-fund of First Sentier Investors ICVC, a UK-based investment fund. From 18 February 2019, it shows the performance of Stewart Investors Global Emerging Markets Sustainability Fund, class VI Accumulation Euro a sub-fund of First Sentier Investors Global Umbrella Fund plc.

^ An initial charge of up to 7% 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.