Stewart Investors Asia Pacific and Japan Sustainability B

  • 302.46p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 1961.96p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 4.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.90%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.95%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 27 September 2021, fund data last updated 13 September 2019

The objective of the fund is to produce defensible capital growth by investing in a multi-cap portfolio of companies in Pan-Asia and Australasia that are positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate. Fund manager Doug Ledingham invests from the bottom up with an absolute return mindset and without any benchmark constraints, allowing him to buy any company that generates the majority of its revenue from the region. He favours high quality companies identified to be cash generative with strong balance sheets, franchises and management teams.

Fund summary

Sector Asia Pacific Including Japan
Structure OEIC
Launched
Size £484m
Yield 0.00%
Charging basis Income
Dividends paid Feb, Aug

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.90%
Ongoing charges figure 0.95%

Allocation

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Investment process

The manager employs a fundamental, bottom-up investment approach, targeting companies deemed to have quality in either financials, management and/or franchise. In addition to this he analyses the sustainability of each business with a focus on those that are positive to the social and economic aspects of the country in which they operate. Stock research is conducted by a well-resourced team based in Australia, Singapore, London and Edinburgh. Investment ideas are primarily sourced from company visits, research trips, industry contacts and third party research - typically the team conduct over 1300 company meetings per year. Portfolio holdings typically have strong balance sheets, are cash generative, shareholder friendly and are able to grow their revenues and profits sustainably and predictably. The investment horizon is generally medium to long term and the manager avoids 'momentum' type stocks. The team uses its own proprietary research tools and prefers to meet management of businesses before and when it invests. Decision-making takes into account factors such as quality of research, team decisions and views, and the manager's own knowledge of the companies. Final stock decisions and portfolio construction are the responsibility of the portfolio manager.

Although Doug Ledingham is a fairly junior portfolio manager, he is part of the Sustainable Funds Group at Stewart Investors and David Gait, a Stewart Investors veteran and portfolio manager of various other strategies, is both head of the team and named Co-PM on this strategy. This provides us with confidence in the approach and likely positioning from this strategy. At Stewart Investors their focus is on capital preservation, therefore you should expect this fund to be cautiously positioned in high quality businesses. As a result, the fund should outperform in falling markets, but lag when they rise strongly. Similarly to other funds in their suite, this portfolio has a structural bias to India and away from China.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Health Care 23.00%
Consumer Staples 22.00%
Information Technology 16.00%
Industrials 14.00%
Financials 11.00%
Consumer Discretionary 8.00%
Communications 5.00%
Cash & Cash Equivalents 2.00%

Portfolio

c. 45 stocks

Key Investor Information - Income

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Key Investor Information - Accumulation

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