Stewart Investors Worldwide Leaders A

Global equity fund investing primarily in larger companies.

  • 513.81p
    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.

  • -
    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!

  • 1.50%
    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).

  • 1.83%
    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.

  • 0.20%
    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 23 November 2020

The fund aims to provide capital growth by investing in shares of large companies around the world. These companies generally have a total stock market value of at least US $3 billion. The fund may invest in both developed and emerging market countries.

Fund summary

Sector Global
Structure OEIC
Launched July, 1999
Size £34m
Yield 0.20%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.83%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.20%
  • 16/17 -0.67%
  • 17/18 0.81%
  • 18/19 -0.61%
  • 19/20 0.50%

Bestinvest MRI

  • 3 years 0.23%
  • 5 years 0.05%
  • Career 0.36%
  • 3 years 76.70%
  • 5 years 67.70%
  • Career 97.50%

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

Sashi Reddy

Reddy joined Stewart Investors in July 2008. Before joining Stewart Investors, Reddy worked at Irevna Research, an outsourced Indian equities research house from 2005 to 2007. As an analyst covering the small and mid cap European market at Irevna, he was seconded to Credit Suisse First Boston as an associate. Reddy brings with him six years of industry experience, one year of which was gained at First State in a contract role. Reddy has an engineering degree from the National Institute of Technology, Trichy and an MBA from the Schulich School of Business, York University in Toronto.

Track record

Sashi Reddy has 7.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.36%. During the worst period of relative performance (from June 2018 - December 2019) there was a decline of 10% relative to the index. The worst absolute loss has been 25%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.

Periods of worst performance

Absolute -25.00% (August 2018 - March 2020)
Relative -10.00% (June 2018 - December 2019)

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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Top 10 holdings

Data accurate as at 31 July 2020

4.8% Unicharm Corp
4.6% Fortinet Inc
4.4% Hoya Corp
4.3% Tata Consultancy Services
3.8% Nestle Sa
3.8% Mahindra & Mahindra
3.4% Beiersdorf Ag
3% Costco Wholesale Corp
2.9% Coloplast
2.8% Ansys Inc
Source: Trustnet

Sector breakdown

Information Technology 29.00%
Health Care 22.00%
Consumer Staples 19.00%
Cash & Cash Equivalents 12.00%
Industrials 7.00%
Financials 4.00%
Consumer Discretionary 4.00%
Materials 3.00%

Key Investor Information

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