Morningstar Fund Report  | 03/04/2025Print

Stewart Investors Asia Pacific Leaders Fund Class B (Accumulation) GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Stewart Investors Asia Pacific Leaders Fund Class B (Accumulation) GBP
Fund12.9-9.02.86.7-5.9
+/-Cat11.6-0.93.1-3.1-2.6
+/-B’mrk20.6-3.40.8-4.0-3.8
 
Category: Asia-Pacific ex-Japan Equity
Category Benchmark: Morningstar APAC xJpn TME N...
Key Stats
NAV
02/04/2025		 GBX 1006.10
Day Change 0.29%
Morningstar Category™ Asia-Pacific ex-Japan Equity
IA (formerly IMA) Sector Specialist
ISIN GB0033874768
Fund Size (Mil)
02/04/2025		 GBP 5680.36
Share Class Size (Mil)
02/04/2025		 GBP 4224.50
Max Initial Charge -
Ongoing Charge
19/02/2025		  0.84%
Morningstar Research
Analyst Report10/06/2024
Ramanand Kothari, Senior Analyst
Morningstar, Inc

Stewart Investors Asia Pacific Leaders Sustainability remains an excellent choice for investors, but our conviction is slightly tempered owing to its notable bias towards small- and mid-cap names, a large degree of crossover in holdings across...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent23
Process24
Performance
Price
Investment Objective: Stewart Investors Asia Pacific Leaders Fund Class B (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 of large and mid-capitalisation that are incorporated or listed, or where a majority of their economic activities take place, in the Asia Pacific region (excluding Japan) and which are listed, traded or dealt in on Regulated Markets worldwide.
Returns
Trailing Returns (GBP)02/04/2025
YTD-6.50
3 Years Annualised0.38
5 Years Annualised8.68
10 Years Annualised5.92
12 Month Yield 0.86
Management
Manager Name
Start Date
David Gait
01/06/2016
Sashi Reddy
01/06/2016
Click here to see others
Inception Date
01/12/2003

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI AC Asia Pacific ex Japan NR GBPMorningstar APAC xJpn TME NR USD
Portfolio Profile for  Stewart Investors Asia Pacific Leaders Fund Class B (Accumulation) GBP28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.880.0097.88
Bond0.000.000.00
Property0.000.000.00
Cash2.120.002.12
Other0.000.000.00
Top 5 Regions%
Asia - Emerging53.21
Asia - Developed32.07
Japan7.94
Australasia6.78
United States0.00
Top 5 Sectors%
Technology27.28
Financial Services18.71
Healthcare14.78
Consumer Cyclical14.12
Industrials11.30
Top 5 HoldingsSector%
Mahindra & Mahindra LtdConsumer CyclicalConsumer Cyclical7.85
Oversea-Chinese Banking Corp LtdFinancial ServicesFinancial Services6.31
HDFC Bank LtdFinancial ServicesFinancial Services5.66
Samsung Electronics Co LtdTechnologyTechnology5.09
Midea Group Co Ltd Class AConsumer CyclicalConsumer Cyclical4.91
Increase Decrease New since last portfolio
Stewart Investors Asia Pacific Leaders Fund Class B (Accumulation) GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Stewart Investors Asia Pacific Leaders Fund Class B (Accumulation) GBP
Category:  Asia-Pacific ex-Japan Equity
Category Index:  Morningstar APAC xJpn TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return5.403.7624.1612.90-8.982.856.70-5.91
+/- Category14.00-10.284.3511.64-0.933.10-3.13-2.58
+/- Category Index---20.64-3.430.75-3.96-3.77
% Rank in Category29526559257680
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.29   -0.29-0.49
1 Week-1.67   -0.15-0.29
1 Month-1.28   1.220.71
3 Months-7.43   -4.48-5.96
6 Months-8.49   -4.14-4.18
YTD-6.50   -3.55-5.12
1 Year-2.07   -5.72-7.52
3 Years Annualised0.38   -0.40-1.86
5 Years Annualised8.68   0.691.83
10 Years Annualised5.92   -0.090.26
 
Category: Asia-Pacific ex-Japan Equity
Category Index: Morningstar APAC xJpn TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-5.91---
20241.145.930.72-1.11
2023-0.580.39-1.464.57
2022-7.91-5.367.85-3.17
2021-0.015.195.901.36
2020-11.7917.137.5211.76
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageLow3 star
5-YearAbove AverageLow4 star
10-YearAverageLow4 star
OverallAverageLow4 star
 
Category :  Asia-Pacific ex-Japan EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev10.58 %
3-Yr Mean Return1.23 %
 
3-Yr Sharpe Ratio-0.26
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar APAC xJpn TME NR USD  Morningstar APAC xJpn DYF GR USD
3-Yr Beta0.640.89
3-Yr Alpha-2.61-5.71
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 30259-
Market Capitalisation% of Equity
Giant69.11
Large29.54
Medium1.34
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings18.391.28
Price/Book2.121.22
Price/Sales2.581.36
Price/Cash Flow10.961.49
Dividend-Yield Factor2.170.72
 
Long-Term Projected Earnings Growth8.991.00
Historical Earnings Growth9.611.10
Sales Growth7.662.88
Cash-Flow Growth15.432.04
Book-Value Growth13.031.78
 
Category: Asia-Pacific ex-Japan Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.880.0097.88
Bond0.000.000.00
Property0.000.000.00
Cash2.120.002.12
Other0.000.000.00
World Regions28/02/2025
 % 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-
Africa0.00-
Middle East0.000.00
Japan7.944.53
Australasia6.780.39
Asia - Developed32.070.78
Asia - Emerging53.211.43
 
Category: Asia-Pacific ex-Japan Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical14.121.14
Financial ServicesFinancial Services18.710.74
Consumer DefensiveConsumer Defensive8.461.99
HealthcareHealthcare14.782.29
Communication ServicesCommunication Services5.350.63
IndustrialsIndustrials11.301.25
TechnologyTechnology27.281.13
 
Category: Asia-Pacific ex-Japan Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings42
Total Number of Bond Holdings0
Assets in Top 10 Holdings48.54
NameSectorCountry% of Assets
Mahindra & Mahindra Ltd102India7.85
Oversea-Chinese Banking Corp Ltd103Singapore6.31
HDFC Bank Ltd103India5.66
Samsung Electronics Co Ltd311Korea, Republic Of5.09
Midea Group Co Ltd Class A102China4.91
Shenzhen Inovance Technology Co Ltd C... 310China4.33
Taiwan Semiconductor Manufacturing Co... 311Taiwan4.29
Hoya Corp206Japan3.87
MediaTek Inc311Taiwan3.12
Tata Consultancy Services Ltd311India3.10
 
Increase Decrease New since last portfolio
Category: Asia-Pacific ex-Japan 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 Date01/12/2003
Fund Advisor(s)
First Sentier Investors (UK) IM Limited
Fund ManagerDavid Gait
Manager Start Date01/06/2016
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.
Fund ManagerSashi Reddy
Manager Start Date01/06/2016
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 ManagerDouglas Ledingham
Manager Start Date07/08/2019
 
Biography
Douglas joined the team in January 2016 and is responsible for generating investment ideas for the Stewart Investors Sustainable Funds Group across all sectors in emerging and developed markets. Prior to joining the team Doug worked as an analyst in the Stewart Investors Asia Pacific team for three years upon graduation from university. Douglas holds an MA in Business Studies and Accountancy from the University of Edinburgh.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.80%
Ongoing Charge0.84%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes