Stewart Investors Indian Subcontinent Sustainability Fund Class B Acc USD

Investment objective and policy

The Fund aims to achieve capital growth over the long term (at least five years).

The Fund invests in shares of companies based in or where the majority of their activities take place in India, Pakistan, Sri Lanka or Bangladesh. The Fund invests in shares of high quality companies which are positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate. 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.

Fund information (as at 31/08/2021)

Fund launch date 15 November 2006
Share class launch date 08 December 2014
Fund size (US$m) 576.2
UK's Investment Association Sector Specialist
Benchmark MSCI India 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^^ 1.12%
Share type Accumulation
Sedol B84RNC5
ISIN GB00B84RNC52
Research rating** Morningstar®:Gold
Square Mile:Responsible AA
RSM:Rated
Fund yield 0.0%

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Performance

Discrete annual performance (% in USD) to 31/08/2021

Period 12 months to 31/08/21 12 months to 31/08/20 12 months to 31/08/19 12 months to 31/08/18 12 months to 31/08/17
Fund return 54.8 7.9 -9.4 12.6 11.8
Benchmark return 53.1 3.0 -7.6 7.1 17.5

Discrete annual performance (% in USD) to 31/08/2021

Fund return

12 months to 31/08/21
54.8
12 months to 31/08/20
7.9
12 months to 31/08/19
-9.4
12 months to 31/08/18
12.6
12 months to 31/08/17
11.8

Benchmark return

12 months to 31/08/21
53.1
12 months to 31/08/20
3.0
12 months to 31/08/19
-7.6
12 months to 31/08/18
7.1
12 months to 31/08/17
17.5

Cumulative performance (% in USD) to 31/08/2021

Period 3 months 6 months 1 year 3 years 5 years 10 years Since launch
Fund return 12.0 22.2 54.8 51.3 90.4 - 102.2
Benchmark return 11.1 22.3 53.1 45.7 83.3 - 79.2

Cumulative performance (% in USD) to 31/08/2021

Fund return

3 months
12.0
6 months
22.2
1 year
54.8
3 years
51.3
5 years
90.4
10 years
-
Since launch
102.2

Benchmark return

3 months
11.1
6 months
22.3
1 year
53.1
3 years
45.7
5 years
83.3
10 years
-
Since launch
79.2

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. 

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Holdings and breakdowns as at 31/08/2021

Top ten holdings

Stock name % Stock name %
Tube Investments 6.0 HDFC 3.8
Dr Lal Pathlabs 5.5 Tata Consultancy Services 3.4
Mahindra & Mahindra 4.2 Tech Mahindra 3.4
Tata Consumer Products 4.1 Dr. Reddy's Laboratories 3.2
Marico 4.0 CG Power & Industrial Solutions 3.1

Top ten holdings

Tube Investments

%
6.0
Stock name
HDFC
%
3.8

Dr Lal Pathlabs

%
5.5
Stock name
Tata Consultancy Services
%
3.4

Mahindra & Mahindra

%
4.2
Stock name
Tech Mahindra
%
3.4

Tata Consumer Products

%
4.1
Stock name
Dr. Reddy's Laboratories
%
3.2

Marico

%
4.0
Stock name
CG Power & Industrial Solutions
%
3.1

Sector breakdown

Country breakdown

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Literature

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Risk and reward profile

The synthetic risk reward indicator (the SRRI) rating is not a measure of the risk of you losing your investment but describes how much the value of the Fund went up and down in the past.

The SRRI rating is based on historical data which may not be a reliable indication of the future risks and rewards of the Fund. We cannot guarantee that the rating of the Fund will remain the same: it may change over time.

Even the lowest rating 1 does not mean a risk free investment.

On a scale of 1 (less risky) to 7 (more risky), this Fund has a rating of 5 due to its past performance and the nature of its investments. Shares with a rating of 5 might have a higher risk, but also higher returns. Risk is taken in order to make a higher potential return; the more risk a fund takes, the higher the potential return but the greater the risk of loss.

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.

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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 B (Accumulation) USD as at 31 August 2021. 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 08 December 2014.

* 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.

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