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 monthly. Visit Fund literature page for monthly Factsheets, Quarterly Reports, KIIDS and Prospectuses.

Stewart Investors Worldwide Leaders Sustainability Fund

Overview of Stewart Investors Worldwide Leaders Sustainability Fund performance

Fund name Fund type Currency Price Daily change Price date Factsheet
Stewart Investors Worldwide Leaders Sustainability Class III (G Acc) Irish UCITs USD 37.39 0.32 24 Jun 2024

Fund information (as at 31/05/2024)

Fund launch date 03 August 1999
Share class launch date 03 August 1999
Fund size (US$m) 73.4
Benchmark MSCI AC World Net Index
Number of holdings 39
Fund managers Sashi Reddy/David Gait
Minimum investment US$500000
Initial charge 0%
Ongoing charges^^ 0.4%
Share type ACCUMULATION
Sedol 0843573
ISIN IE0008372751
Research rating** Morningstar®:Silver

Top 10 holdings (as at 31/05/2024)

Stock name %
Mahindra & Mahindra Ltd. 7.7
Watsco, Inc. 7.2
bioMerieux SA 5.3
Fortinet, Inc. 5.0
HDFC Bank INR1 4.9
Costco Wholesale Corporation 4.1
Arista Networks, Inc. 4.0
Deutsche Post AG 3.8
Beiersdorf AG 3.1
Copart, Inc. 2.8

Performance

Annualised performance as at 31 May 2024

Annual performance (% in USD) Share type 12 mths to 31 May 2024 12 mths to 31 May 2023 12 mths to 31 May 2022 12 mths to 31 May 2021 12 mths to 31 May 2020
Stewart Investors Worldwide Leaders Sustainability Fund Class III (G Acc) 14.3 9.4 -8.2 37.7 3.0
Benchmark * - 23.6 0.9 -6.8 41.8 5.4

Annualised performance as at 31 May 2024

Strategy
Fund
Benchmark *
Share type
Class III (G Acc)
-
12 mths to 31 May 2024
14.3
23.6
12 mths to 31 May 2023
9.4
0.9
12 mths to 31 May 2022
-8.2
-6.8
12 mths to 31 May 2021
37.7
41.8
12 mths to 31 May 2020
3.0
5.4

Cumulative performance as at 31 May 2024

Cumulative performance (% in USD) Share type Launch date 3mths 6mths 1yr 3yrs 5yrs 10yrs Since launch
Stewart Investors Worldwide Leaders Sustainability Fund Class III (G Acc) 03 Aug 1999 1.9 11.4 14.3 14.8 62.9 118.5 262.1
Benchmark * - - 3.8 14.1 23.6 16.2 73.7 129.6 352.8

Cumulative performance as at 31 May 2024

Strategy
Fund
Benchmark *
Share type
Class III (G Acc)
-
Launch date
03 Aug 1999
-
3mths
1.9
3.8
6mths
11.4
14.1
1yr
14.3
23.6
3yrs
14.8
16.2
5yrs
62.9
73.7
10yrs
118.5
129.6
Since launch
262.1
352.8

* MSCI AC World 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 May 2024

Country breakdown as at 31 May 2024

Fund level reporting to 31 Dec 2023

The SFDR Level 2 reporting template for each of our Article 9 funds is available in a standalone document and also within the First Sentier Investors Global Umbrella Fund plc 2022 Annual Report. The social and environmental outcomes for the Funds are below:

  • As at 31 December 2023, the Fund held 38 companies.
  • All companies (100%) were contributing to at least one human development pillar and, in total, were making 98 contributions to the pillars.
  • 30 companies (79%) were contributing to climate change solutions. These companies were contributing to 36 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.

Portfolio Explorer

Explore the companies held within our Worldwide Sustainability Leaders Strategy.

Insights

Latest articles, research and reports from Stewart Investors.

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 III G (Accumulation) USD as at 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 05 February 2018.

* 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.