Morningstar Fund Report  | 03/04/2025Print

Stewart Investors Worldwide All Cap Fund Class A (Accumulation) GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Stewart Investors Worldwide All Cap Fund Class A (Accumulation) GBP
Fund18.7-18.16.22.0-5.2
+/-Cat4.10.0-9.8-13.21.2
+/-B’mrk0.60.8-16.1-22.03.4
 
Category: Global Large-Cap Growth Equity
Category Benchmark: Morningstar Gbl Growth TME ...
Key Stats
NAV
02/04/2025		 GBX 263.39
Day Change -0.33%
Morningstar Category™ Global Large-Cap Growth Equity
IA (formerly IMA) Sector Global
ISIN GB00B8ND6Q99
Fund Size (Mil)
02/04/2025		 GBP 285.74
Share Class Size (Mil)
02/04/2025		 GBP 1.75
Max Initial Charge -
Ongoing Charge
19/02/2025		  1.45%
Morningstar Research
Analyst Report01/05/2024
Michael Malseed, Director
Morningstar, Inc

Stewart Investors Worldwide Sustainability’s unique, risk-aware approach makes it a strong choice for global equities, leading to a Morningstar Rating of Silver. Our conviction in the team was slightly tempered by upheaval in the broader Stewart...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process25
Performance
Price
Investment Objective: Stewart Investors Worldwide All Cap Fund Class A (Accumulation) GBP
The Fund aims to achieve capital growth over the long-term (at least five years). The Fund invests in a diversified portfolio of equity or equity-related securities which are listed, traded or dealt in on any of the Regulated Markets worldwide.
Returns
Trailing Returns (GBP)02/04/2025
YTD-4.70
3 Years Annualised-1.61
5 Years Annualised5.93
10 Years Annualised6.32
12 Month Yield 0.00
Management
Manager Name
Start Date
Nick Edgerton
01/07/2016
David Gait
01/07/2016
Inception Date
23/11/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR GBPMorningstar Gbl Growth TME NR USD
Portfolio Profile for  Stewart Investors Worldwide All Cap Fund Class A (Accumulation) GBP28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.020.0099.02
Bond0.000.000.00
Property0.000.000.00
Cash0.980.000.98
Other0.000.000.00
Top 5 Regions%
United States39.75
Eurozone22.65
United Kingdom15.30
Asia - Developed8.25
Europe - ex Euro7.94
Top 5 Sectors%
Technology33.90
Industrials31.58
Healthcare15.10
Consumer Defensive9.41
Financial Services4.42
Top 5 HoldingsSector%
Fortinet IncTechnologyTechnology4.79
Halma PLCIndustrialsIndustrials4.69
Roche Holding AG Bearer SharesHealthcareHealthcare4.00
Beiersdorf AGConsumer DefensiveConsumer Defensive3.89
Watsco Inc Ordinary SharesIndustrialsIndustrials3.80
Increase Decrease New since last portfolio
Stewart Investors Worldwide All Cap Fund Class A (Accumulation) GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Stewart Investors Worldwide All Cap Fund Class A (Accumulation) GBP
Category:  Global Large-Cap Growth Equity
Category Index:  Morningstar Gbl Growth TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-0.2711.4919.9018.67-18.126.231.96-5.23
+/- Category4.48-12.74-3.804.10-0.05-9.80-13.241.25
+/- Category Index---0.600.85-16.08-22.003.37
% Rank in Category799523459919731
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.33   -0.80-0.60
1 Week-2.75   0.54-0.57
1 Month-6.50   0.350.86
3 Months-5.34   0.883.35
6 Months-3.62   -1.94-3.58
YTD-4.70   1.522.89
1 Year-4.05   -2.70-8.57
3 Years Annualised-1.61   -5.48-8.46
5 Years Annualised5.93   -5.00-7.87
10 Years Annualised6.32   -2.69-4.77
 
Category: Global Large-Cap Growth Equity
Category Index: Morningstar Gbl Growth TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-5.23---
20241.43-1.361.450.45
20233.321.35-7.9710.23
2022-10.88-15.143.534.58
20210.137.045.514.94
2020-7.3415.824.976.43
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowAverage1 star
5-YearLowAverage1 star
10-YearBelow AverageBelow Average2 star
OverallBelow AverageAverage2 star
 
Category :  Global Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.53 %
3-Yr Mean Return-0.93 %
 
3-Yr Sharpe Ratio-0.34
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Growth TME NR USD  Cat 40%Citi SwissGBI&60%MSCI Wld Free NR
3-Yr Beta0.931.27
3-Yr Alpha-8.05-6.01
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 22033-
Market Capitalisation% of Equity
Giant15.15
Large33.31
Medium42.26
Small9.28
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings22.750.94
Price/Book3.570.72
Price/Sales2.380.64
Price/Cash Flow15.820.96
Dividend-Yield Factor1.371.20
 
Long-Term Projected Earnings Growth9.330.83
Historical Earnings Growth6.850.51
Sales Growth6.800.75
Cash-Flow Growth7.490.62
Book-Value Growth11.531.03
 
Category: Global Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.020.0099.02
Bond0.000.000.00
Property0.000.000.00
Cash0.980.000.98
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States39.750.60
Canada0.000.00
Latin America1.381.24
United Kingdom15.302.99
Eurozone22.652.12
Europe - ex Euro7.941.49
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.900.29
Australasia0.000.00
Asia - Developed8.252.24
Asia - Emerging3.831.49
 
Category: Global Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials1.110.40
Consumer CyclicalConsumer Cyclical1.700.14
Financial ServicesFinancial Services4.420.30
Consumer DefensiveConsumer Defensive9.411.91
HealthcareHealthcare15.101.09
Communication ServicesCommunication Services2.780.34
IndustrialsIndustrials31.582.90
TechnologyTechnology33.901.14
 
Category: Global Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings47
Total Number of Bond Holdings0
Assets in Top 10 Holdings38.46
NameSectorCountry% of Assets
Fortinet Inc311United States4.79
Halma PLC310United Kingdom4.69
Roche Holding AG Bearer Shares206Switzerland4.00
Beiersdorf AG205Germany3.89
Watsco Inc Ordinary Shares310United States3.80
Infineon Technologies AG311Germany3.67
Diasorin SpA206Italy3.64
Jeronimo Martins SGPS SA205Portugal3.48
Adyen NV311Netherlands3.40
Samsung Electronics Co Ltd311Korea, Republic Of3.10
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Growth Equity
 
Management
Name of CompanyFirst Sentier Investors (UK) Funds Ltd
Phone+44 20 73326500
Websitehttps://www.firstsentierinvestors.com
AddressFinsbury Circus House, 15 Finsbury Circus
 London   EC2M 7EB
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date23/11/2012
Fund Advisor(s)
First Sentier Investors (UK) IM Limited
Fund ManagerNick Edgerton
Manager Start Date01/07/2016
Career Start Year2003
Education
Macquarie University, B.A.
University of Edinburgh, M.A.
 
Biography
Nick is responsible for generating investment ideas for the Stewart Investors Sustainable Funds group across all sectors in emerging and developed markets. He joined the team in April 2012 following two years in the First State Investments group. Nick previously worked as an analyst with the Sustainability funds at AMP Capital Investors, and has experience as a consultant, public servant, and academic in sustainability and economics. Nick holds a Bachelor of Economics from Macquarie University, and a Master of Science with Distinction in Ecological Economics from the University of Edinburgh.
Fund ManagerDavid Gait
Manager Start Date01/07/2016
Career Start Year1997
Education
University of Cambridge, M.A.
Stirling University, M.S.
 
Biography
David Gait is Head of the Stewart Investors Investment Team and a Portfolio Manager. He sits on the Stewart Investors Board. David joined the team as a graduate in 1997. He is Lead Manager of the Asia Pacific Leaders Sustainability and Asia Pacific Sustainability strategies, as well as Pacific Assets Trust. David holds an MA with honours in Economics from Cambridge University, and holds a Master of Science in Investment Analysis from Stirling University.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.45%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional500  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes