Morningstar Fund Report  | 11/04/2025Print

Stewart Investors Worldwide Leaders Fund Class I (Accumulation) USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Stewart Investors Worldwide Leaders Fund Class I (Accumulation) USD
Fund22.6-11.815.611.1-2.9
+/-Cat8.16.3-0.4-4.13.7
+/-B’mrk4.67.1-6.7-12.85.7
 
Category: Global Large-Cap Growth Equity
Category Benchmark: Morningstar Gbl Growth TME ...
Key Stats
NAV
10/04/2025		 USD 19.49
Day Change 3.69%
Morningstar Category™ Global Large-Cap Growth Equity
ISIN IE0008368304
Fund Size (Mil)
09/04/2025		 USD 72.83
Share Class Size (Mil)
09/04/2025		 USD 39.68
Max Initial Charge 5.00%
Ongoing Charge
29/11/2024		  1.30%
Morningstar Research
Analyst Report01/05/2024
Michael Malseed, Director
Morningstar, Inc

Stewart Investors Worldwide Leaders 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...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process25
Performance
Price
Investment Objective: Stewart Investors Worldwide Leaders Fund Class I (Accumulation) USD
The investment objective of the Fund is to achieve long term capital appreciation.
Returns
Trailing Returns (GBP)10/04/2025
YTD-6.45
3 Years Annualised4.92
5 Years Annualised10.22
10 Years Annualised8.48
12 Month Yield 0.00
Management
Manager Name
Start Date
Sashi Reddy
01/09/2021
David Gait
01/09/2021
Inception Date
11/02/2000

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR USDMorningstar Gbl Growth TME NR USD
Portfolio Profile for  Stewart Investors Worldwide Leaders Fund Class I (Accumulation) USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.270.0096.27
Bond0.000.000.00
Property0.000.000.00
Cash3.730.003.73
Other0.000.000.00
Top 5 Regions%
United States47.82
Eurozone15.56
Asia - Emerging12.99
Asia - Developed9.56
Japan6.28
Top 5 Sectors%
Industrials31.98
Technology30.42
Consumer Cyclical12.77
Healthcare10.19
Financial Services9.66
Top 5 HoldingsSector%
Fortinet IncTechnologyTechnology6.99
BioMerieux SAHealthcareHealthcare6.42
Mahindra & Mahindra LtdConsumer CyclicalConsumer Cyclical6.36
Watsco Inc Ordinary SharesIndustrialsIndustrials6.30
Taiwan Semiconductor Manufacturi... TechnologyTechnology5.00
Increase Decrease New since last portfolio
Stewart Investors Worldwide Leaders Fund Class I (Accumulation) USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  Stewart Investors Worldwide Leaders Fund Class I (Accumulation) USD
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 Return1.377.7916.7722.64-11.8315.6311.11-2.87
+/- Category6.11-16.44-6.938.076.25-0.40-4.093.70
+/- Category Index---4.587.14-6.68-12.845.73
% Rank in Category4100681521496513
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day3.69   5.01-3.36
1 Week-1.12   6.892.06
1 Month-6.45   4.67-0.62
3 Months-9.25   6.183.60
6 Months-6.31   4.10-0.79
YTD-6.45   7.074.08
1 Year-1.77   6.11-3.56
3 Years Annualised4.92   3.52-1.51
5 Years Annualised10.22   2.45-1.20
10 Years Annualised8.48   0.46-2.01
 
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
2025-2.87---
20244.123.071.172.33
20234.814.63-1.847.42
2022-8.06-9.785.360.88
2021-0.138.975.506.82
2020-8.1713.404.267.56
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageBelow Average4 star
5-YearAverageBelow Average4 star
10-YearAverageLow3 star
OverallAverageBelow Average4 star
 
Category :  Global Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.03 %
3-Yr Mean Return6.91 %
 
3-Yr Sharpe Ratio0.23
 
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 Beta0.811.09
3-Yr Alpha-0.290.00
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 49107-
Market Capitalisation% of Equity
Giant28.49
Large32.40
Medium37.35
Small1.76
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings23.040.96
Price/Book3.550.72
Price/Sales2.680.72
Price/Cash Flow16.190.98
Dividend-Yield Factor1.341.17
 
Long-Term Projected Earnings Growth10.080.90
Historical Earnings Growth8.870.66
Sales Growth6.080.67
Cash-Flow Growth6.380.53
Book-Value Growth15.121.35
 
Category: Global Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.270.0096.27
Bond0.000.000.00
Property0.000.000.00
Cash3.730.003.73
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States47.820.72
Canada0.000.00
Latin America2.482.23
United Kingdom3.330.65
Eurozone15.561.46
Europe - ex Euro1.970.37
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan6.282.04
Australasia0.000.00
Asia - Developed9.562.60
Asia - Emerging12.995.05
 
Category: Global Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.380.85
Consumer CyclicalConsumer Cyclical12.771.03
Financial ServicesFinancial Services9.660.65
Consumer DefensiveConsumer Defensive2.600.53
HealthcareHealthcare10.190.74
IndustrialsIndustrials31.982.94
TechnologyTechnology30.421.03
 
Category: Global Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings35
Total Number of Bond Holdings0
Assets in Top 10 Holdings49.55
NameSectorCountry% of Assets
Fortinet Inc311United States6.99
BioMerieux SA206France6.42
Mahindra & Mahindra Ltd102India6.36
Watsco Inc Ordinary Shares310United States6.30
Taiwan Semiconductor Manufacturing Co... 311Taiwan5.00
HDFC Bank Ltd103India4.66
Deutsche Post AG310Germany3.68
Arista Networks Inc311United States3.52
Markel Group Inc103United States3.47
Texas Instruments Inc311United States3.13
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Growth Equity
 
Management
Name of CompanyFirst Sentier Investors (Ireland) Limited
Phone-
Website -
AddressFirst Sentier Investors (Ireland) Limited
 -   -
 Luxembourg
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date11/02/2000
Fund Advisor(s)
First Sentier Investors (Hong Kong) Limited
Fund ManagerSashi Reddy
Manager Start Date01/09/2021
Career Start Year2005
Education
National Institute of Technology, B.S.
York University, M.B.A.
 
Biography
Sashi Reddy is a Portfolio Manager with the Sustainable Funds Group at Stewart Investors. He joined the team in August 2007. Sashi is lead manager of the Worldwide Leaders Sustainability strategy and the Indian Subcontinent Sustainability strategy. Previously, he worked at Irevna Research, an Indian equities research house from 2005 to 2007. Sashi has an engineering degree from the National Institute of Technology, Trichy and an MBA from the Schulich School of Business, York University in Toronto.
Fund ManagerDavid Gait
Manager Start Date01/09/2021
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 Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.30%
Purchase Details
Minimum Investments
Initial1000  USD
Additional500  USD
Savings-
Tax Free Savings Schemes
ISAsYes