Morningstar Fund Report  | 05/04/2025Print

GAM Star Fund plc - GAM Star China Equity Class Ordinary GBP Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
GAM Star Fund plc - GAM Star China Equity Class Ordinary GBP Accumulation
Fund-25.4-17.1-21.716.59.2
+/-Cat-10.6-1.3-1.32.21.4
+/-B’mrk-4.3-6.7-6.6-3.4-2.1
 
Category: China Equity
Category Benchmark: Morningstar China TME NR USD
Key Stats
NAV
03/04/2025		 GBP 1.33
Day Change -3.41%
Morningstar Category™ China Equity
IA (formerly IMA) Sector China/Greater China
ISIN IE00B1W3WM96
Fund Size (Mil)
03/04/2025		 USD 86.22
Share Class Size (Mil)
03/04/2025		 GBP 0.24
Max Initial Charge 5.00%
Ongoing Charge
11/02/2025		  1.39%
Investment Objective: GAM Star Fund plc - GAM Star China Equity Class Ordinary GBP Accumulation
The investment objective of the Fund is to achieve capital appreciation through investment primarily in quoted equity securities listed on or dealt in any Recognised Market and which are issued by companies with principal offices or significant business activities in the People’s Republic of China and Hong Kong. It will be the policy of the Fund to invest primarily in equity securities of these issuers.
Returns
Trailing Returns (GBP)03/04/2025
YTD5.83
3 Years Annualised-3.37
5 Years Annualised-4.79
10 Years Annualised-0.63
12 Month Yield 0.56
Management
Manager Name
Start Date
JIAN SHI CORTESI
21/11/2022
Inception Date
03/09/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI China 10-40 NR EURMorningstar China TME NR USD
Portfolio Profile for  GAM Star Fund plc - GAM Star China Equity Class Ordinary GBP Accumulation31/12/2024
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.850.0097.85
Bond0.000.000.00
Property0.000.000.00
Cash28.4026.252.15
Other0.000.000.00
Top 5 Regions%
Asia - Emerging98.76
Asia - Developed1.24
United States0.00
Canada0.00
Latin America0.00
Top 5 Sectors%
Consumer Cyclical40.55
Communication Services19.28
Financial Services19.23
Technology7.40
Industrials5.37
Top 5 HoldingsSector%
Tencent Holdings LtdCommunication ServicesCommunication Services9.50
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical6.70
Meituan Class BConsumer CyclicalConsumer Cyclical4.44
China Pacific Insurance (Group) ... Financial ServicesFinancial Services4.10
JD.com Inc Ordinary Shares - Cla... Consumer CyclicalConsumer Cyclical3.76
Increase Decrease New since last portfolio
GAM Star Fund plc - GAM Star China Equity Class Ordinary GBP Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  GAM Star Fund plc - GAM Star China Equity Class Ordinary GBP Accumulation
Category:  China Equity
Category Index:  Morningstar China TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-24.2932.1921.67-25.44-17.07-21.7116.469.18
+/- Category-9.3112.49-12.25-10.62-1.28-1.342.161.36
+/- Category Index----4.34-6.67-6.64-3.40-2.08
% Rank in Category9313809460583846
Trailing Returns (GBP)03/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.41   -0.35-0.37
1 Week-4.79   -0.20-0.39
1 Month-4.36   -1.09-1.51
3 Months7.68   1.93-1.67
6 Months-4.93   -3.38-4.03
YTD5.83   1.41-2.34
1 Year22.22   4.36-7.09
3 Years Annualised-3.37   -0.08-6.13
5 Years Annualised-4.79   -3.88-5.31
10 Years Annualised-0.63   -3.35-4.70
 
Category: China Equity
Category Index: Morningstar China TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20259.18---
2024-0.311.5918.30-2.79
2023-4.16-12.851.24-7.43
2022-12.7711.97-16.862.14
2021-1.661.54-15.50-11.63
2020-7.3318.832.747.55
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average2 star
5-YearLowAbove Average1 star
10-YearBelow AverageHigh1 star
OverallBelow AverageHigh1 star
 
Category :  China EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev31.52 %
3-Yr Mean Return2.91 %
 
3-Yr Sharpe Ratio-0.04
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar China TME NR USD  Morningstar China TME NR USD
3-Yr Beta1.041.04
3-Yr Alpha-5.46-5.46
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 52879-
Market Capitalisation% of Equity
Giant69.48
Large23.30
Medium7.22
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings11.670.97
Price/Book1.691.03
Price/Sales1.320.88
Price/Cash Flow8.720.88
Dividend-Yield Factor2.400.88
 
Long-Term Projected Earnings Growth8.791.31
Historical Earnings Growth2.817.51
Sales Growth9.113.76
Cash-Flow Growth16.984.34
Book-Value Growth6.551.39
 
Category: China Equity
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock97.850.0097.85
Bond0.000.000.00
Property0.000.000.00
Cash28.4026.252.15
Other0.000.000.00
World Regions31/12/2024
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.00-
Japan0.000.00
Australasia0.00-
Asia - Developed1.240.19
Asia - Emerging98.761.07
 
Category: China Equity
Sector Weightings31/12/2024
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical40.551.38
Financial ServicesFinancial Services19.231.13
Real EstateReal Estate1.420.47
Consumer DefensiveConsumer Defensive2.200.39
HealthcareHealthcare1.270.27
UtilitiesUtilities3.302.03
Communication ServicesCommunication Services19.281.15
IndustrialsIndustrials5.370.69
TechnologyTechnology7.400.77
 
Category: China Equity
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings44
Total Number of Bond Holdings0
Assets in Top 10 Holdings44.72
NameSectorCountry% of Assets
Tencent Holdings Ltd308China9.50
Alibaba Group Holding Ltd Ordinary Sh... 102China6.70
Meituan Class B102China4.44
China Pacific Insurance (Group) Co Lt... 103China4.10
JD.com Inc Ordinary Shares - Class A102China3.76
Trip.com Group Ltd102China3.69
Industrial And Commercial Bank Of Chi... 103China3.45
NetEase Inc Ordinary Shares308China3.12
China Merchants Bank Co Ltd Class H103China3.06
Geely Automobile Holdings Ltd102China2.89
 
Increase Decrease New since last portfolio
Category: China Equity
 
Management
Name of CompanyGAM Fund Management Limited
Phone+353 1 6093927
Websitewww.gam.com
AddressGeorges Court, 54-62 Townsend Street
 Dublin   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date03/09/2010
Fund Advisor(s)
GAM Investment Management (Switzerland) AG
GAM Hong Kong Limited
Fund ManagerJIAN SHI CORTESI
Manager Start Date21/11/2022
 
Biography
Jian Shi Cortesi, Investment Director, is a member of the Global Growth Equity team and manages China and Asian equity funds. Prior to joining GAM Investments in May 2010, she worked in research and portfolio management of Asian equities for a regional wealth management firm in the United States. She started her career as an assistant editor at Dow Jones in Beijing. Jian Shi holds a bachelor's degree in International Business from Beijing Foreign Studies University in China and an MBA from the University of Tennessee in the United States. She is a CFA charterholder and a Certified FRM (Financial Risk Manager) holder. She is based in Lugano.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.35%
Ongoing Charge1.39%
Purchase Details
Minimum Investments
Initial6000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes