Morningstar Fund Report  | 17/04/2025Print

Fiera Emerging Markets Fund R Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Fiera Emerging Markets Fund R Acc
Fund3.5-13.911.77.4-4.5
+/-Cat4.9-1.87.6-0.8-3.7
+/-B’mrk4.3-6.17.7-1.7-3.6
 
Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD
Key Stats
NAV
15/04/2025		 EUR 17.09
Day Change 1.21%
Morningstar Category™ Global Emerging Markets Equity
ISIN IE00B670Y570
Fund Size (Mil)
15/04/2025		 EUR 170.21
Share Class Size (Mil)
15/04/2025		 EUR 1.93
Max Initial Charge 5.00%
Ongoing Charge
30/08/2024		  2.12%
Investment Objective: Fiera Emerging Markets Fund R Acc
The Investment Objective of the Fund is to achieve capital growth by investment in a diversified portfolio of Global Emerging Market Securities.
Returns
Trailing Returns (GBP)15/04/2025
YTD-7.44
3 Years Annualised-0.20
5 Years Annualised6.22
10 Years Annualised2.99
12 Month Yield 0.00
Management
Manager Name
Start Date
Ian Simmons
28/06/2010
Inception Date
02/07/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI EM NR USDMorningstar EM TME NR USD
Portfolio Profile for  Fiera Emerging Markets Fund R Acc31/12/2024
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.140.1196.02
Bond0.000.000.00
Property0.000.000.00
Cash3.980.003.98
Other0.000.000.00
Top 5 Regions%
Asia - Emerging48.44
Asia - Developed30.72
Eurozone7.44
Middle East5.00
Latin America3.47
Top 5 Sectors%
Technology23.96
Financial Services23.41
Industrials15.66
Consumer Cyclical15.27
Energy5.51
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.45
Piraeus Financial Holdings SAFinancial ServicesFinancial Services4.74
IIFL Finance LtdFinancial ServicesFinancial Services4.28
FPT CorpTechnologyTechnology3.13
HD Hyundai ElectricIndustrialsIndustrials2.96
Increase Decrease New since last portfolio
Fiera Emerging Markets Fund R Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Fiera Emerging Markets Fund R Acc
Category:  Global Emerging Markets Equity
Category Index:  Morningstar EM TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-8.7015.254.913.46-13.9111.697.35-4.48
+/- Category2.580.98-9.144.91-1.857.58-0.76-3.67
+/- Category Index-1.240.89-8.984.32-6.077.71-1.66-3.60
% Rank in Category203886196676293
Trailing Returns (GBP)15/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day1.21   0.730.67
1 Week4.34   1.621.69
1 Month-5.59   0.880.71
3 Months-8.64   -1.96-2.53
6 Months-10.02   -2.18-2.19
YTD-7.44   -1.41-1.49
1 Year-7.77   -5.42-6.58
3 Years Annualised-0.20   -0.57-1.10
5 Years Annualised6.22   1.230.49
10 Years Annualised2.99   -0.58-1.40
 
Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-4.48---
20247.436.56-3.92-2.40
20232.79-1.963.656.93
2022-4.99-5.96-2.02-1.65
20211.844.09-2.28-0.12
2020-26.3217.863.0017.30
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAbove AverageAverage4 star
10-YearAverageAbove Average2 star
OverallAverageAbove Average3 star
 
Category :  Global Emerging Markets EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.46 %
3-Yr Mean Return2.13 %
 
3-Yr Sharpe Ratio-0.14
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM TME NR USD  Morningstar EM TME NR USD
3-Yr Beta0.970.97
3-Yr Alpha-0.95-0.95
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 13207-
Market Capitalisation% of Equity
Giant28.67
Large36.42
Medium30.81
Small2.96
Micro1.13
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings9.740.82
Price/Book1.560.95
Price/Sales1.501.01
Price/Cash Flow7.641.19
Dividend-Yield Factor2.670.89
 
Long-Term Projected Earnings Growth14.281.28
Historical Earnings Growth1.710.19
Sales Growth-3.49-0.68
Cash-Flow Growth24.114.93
Book-Value Growth-18.72-2.18
 
Category: Global Emerging Markets Equity
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock96.140.1196.02
Bond0.000.000.00
Property0.000.000.00
Cash3.980.003.98
Other0.000.000.00
World Regions31/12/2024
 % of EquityRelative to Category
United States1.131.15
Canada0.000.00
Latin America3.470.38
United Kingdom0.000.00
Eurozone7.445.54
Europe - ex Euro0.000.00
Europe - Emerging1.030.46
Africa2.770.80
Middle East5.001.04
Japan0.000.00
Australasia0.000.00
Asia - Developed30.721.12
Asia - Emerging48.440.97
 
Category: Global Emerging Markets Equity
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials1.340.30
Consumer CyclicalConsumer Cyclical15.271.01
Financial ServicesFinancial Services23.410.95
Real EstateReal Estate2.441.26
Consumer DefensiveConsumer Defensive4.350.91
UtilitiesUtilities3.641.95
Communication ServicesCommunication Services4.420.41
EnergyEnergy5.511.75
IndustrialsIndustrials15.662.45
TechnologyTechnology23.961.02
 
Category: Global Emerging Markets Equity
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings55
Total Number of Bond Holdings0
Assets in Top 10 Holdings36.86
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.45
Piraeus Financial Holdings SA103Greece4.74
IIFL Finance Ltd103India4.28
FPT Corp311Vietnam3.13
HD Hyundai Electric310Korea, Republic Of2.96
SK Square311Korea, Republic Of2.59
China State Construction Internationa... 310China2.58
Trip.com Group Ltd102China2.42
Naspers Ltd Class N308South Africa2.36
Emaar Development PJSC Ordinary Shares104United Arab Emirates2.34
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Equity
 
Management
Name of CompanyFiera Capital (IOM) Limited
Phone+44 1624 640200
Websitewww.charlemagnecapital.com
AddressSt. Mary’s Court, 20 Hill Street
 Douglas   IM1 1EU
 Isle of Man
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date02/07/2010
Fund Advisor(s)
Fiera Capital (UK) Limited
Fund ManagerIan Simmons
Manager Start Date28/06/2010
Education
University of Cambridge, M.A.
 
Biography
Ian joined the firm in 2004 from Fidelity. He started as an Asian Analyst before transferring his coverage to Latin America. Since 2009 Ian has been the Lead Portfolio Manager for Latin American strategies. He was appointed as Co-Portfolio Manager of the Emerging Markets strategies in 2017 becoming Lead Portfolio Manager in 2018. Ian holds an MA in Geography from Cambridge University and is a CFA Charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.75%
Ongoing Charge2.12%
Purchase Details
Minimum Investments
Initial5000  EUR
Additional100  EUR
Savings-
Tax Free Savings Schemes
ISAsYes