Stewart Investors Indian Subcontinent Sustainability Fund Class A Acc EUR

Investment objective and policy

The Fund aims to grow your investment. 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 invests at least 70% of its assets in shares of companies based in or having significant operations in India, Pakistan, Sri Lanka or Bangladesh that are listed on exchanges worldwide. The Fund may invest up to 100% of its assets in the Indian Subcontinent, in any industry, or companies of any size. The Fund invests at least 90% in shares of high-quality companies which are positioned to contribute to, and benefit from, the sustainable development of the countries in which they operate.

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

Stewart Investors Indian Subcontinent Sustainability Fund

Overview of Stewart Investors Indian Subcontinent Sustainability Fund performance

Fund name Fund type Currency Price Daily change Price date Factsheet
Stewart Investors Indian Subcontinent Sustainability Class A (Acc) OEIC EUR 647.26 0.22 16 Apr 2024
Fund information (as at 31/12/2023)
Fund launch date 15 November 2006
Share class launch date 01 May 2008
Fund size (€m) 753.7
UK's Investment Association Sector Specialist
Benchmark MSCI India Net Index*
Number of holdings 37
Fund manager(s) Sashi Reddy & David Gait
Minimum investment €1000/€500 subsequent
Initial charge 0%^
Ongoing charges^^ 1.80%
Share type Accumulation
Sedol B2PF5X1
ISIN GB00B2PF5X11
Research rating** Morningstar®:Silver
Square Mile:Responsible AA
RSM:Rated
Fund yield 0.0%
Top ten holdings (as at 31/12/2023)
Stock name %
Mahindra & Mahindra 8.1
HDFC 6.5
Tube Investments of India 6.0
CG Power & Industrial Solutions 5.6
Kotak Mahindra Bank 4.6
Tata consumer Products 3.7
Aavas Financiers 3.6
Dr. Reddy's Laboratories 3.6
Godrej Consumer Products 3.4
Tech Mahindra 3.4

Performance

Annualised performance as at 31 Mar 2024

Annual performance (% in EUR) Share type 12 mths to 31 Mar 2024 12 mths to 31 Mar 2023 12 mths to 31 Mar 2022 12 mths to 31 Mar 2021 12 mths to 31 Mar 2020
Stewart Investors Indian Subcontinent Sustainability Fund Class A (Acc) 23.2 0.4 15.1 66.9 -24.6
Benchmark * - 37.6 -10.0 24.5 64.6 -29.2

Annualised performance as at 31 Mar 2024

Strategy
Fund
Benchmark *
Strategy
Benchmark *
Share type
Class A (Acc)
-
Share type
-
12 mths to 31 Mar 2024
23.2
37.6
12 mths to 31 Mar 2024
37.6
12 mths to 31 Mar 2023
0.4
-10.0
12 mths to 31 Mar 2023
-10.0
12 mths to 31 Mar 2022
15.1
24.5
12 mths to 31 Mar 2022
24.5
12 mths to 31 Mar 2021
66.9
64.6
12 mths to 31 Mar 2021
64.6
12 mths to 31 Mar 2020
-24.6
-29.2
12 mths to 31 Mar 2020
-29.2

Cumulative performance as at 31 Mar 2024

Cumulative performance (% in EUR) Share type Launch date 3mths 6mths 1yr 3yrs 5yrs 10yrs Since launch
Stewart Investors Indian Subcontinent Sustainability Fund Class A (Acc) 01 May 2008 3.7 3.7 23.2 42.4 79.2 271.9 534.5
Benchmark * - - 8.5 16.4 37.6 54.1 79.6 221.9 217.6

Cumulative performance as at 31 Mar 2024

Strategy
Fund
Benchmark *
Strategy
Benchmark *
Share type
Class A (Acc)
-
Share type
-
Launch date
01 May 2008
-
Launch date
-
3mths
3.7
8.5
3mths
8.5
6mths
3.7
16.4
6mths
16.4
1yr
23.2
37.6
1yr
37.6
3yrs
42.4
54.1
3yrs
54.1
5yrs
79.2
79.6
5yrs
79.6
10yrs
271.9
221.9
10yrs
221.9
Since launch
534.5
217.6
Since launch
217.6

* 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.

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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.

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.

Indian subcontinent risk: although India has seen rapid economic and structural development, investing there may still involve increased risks of political and governmental intervention, potentially limitations on the allocation of the Fund's capital, and legal, regulatory, economic and other risks including greater liquidity risk, restrictions on investment or transfer of assets, failed/delayed settlement and difficulties valuing securities.

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 EUR, the return may increase or decrease as a result of currency fluctuations.

All performance data for the Stewart Investors Indian Subcontinent Sustainability Fund Class A (Accumulation) EUR 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. Since inception performance figures have been calculated from 01 May 2008.

* The benchmark for this Fund has been identified as a means by which investors can compare the performance of the Fund and has been chosen because its constituents most closely represent the scope of the investable assets. The benchmark is not used to limit or constrain how the portfolio is constructed nor is it part of a target set for Fund performance. Given the diverse nature of the constituent funds within the Specialist IA sector the manager does not compare performance of this Fund with its IA sector.

^ An initial charge of up to 4% 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.