fund
Stewart Investors Worldwide Sustainability B
Global ethical fund, which invests in companies that are likely to benefit from and contribute to sustainable development.
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256.79p
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.
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291.79p
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?
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0.00%
Initial chargeSome 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!
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1.00%
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).
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1.13%
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.
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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…
The Fund aims to generate attractive long-term, risk-adjusted returns by investing in the shares of those companies which are particularly well positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate. Investment decisions around sustainability are based on three key points: Identifying companies who manage sustainability risks and opportunities and those with a positive sustainability impact; Inclusion of environmental, social and corporate governance matters in investment research; Engaging directly with companies on identified sustainability issues.
Fund summary
| Sector | Global |
| Structure | OEIC |
| Launched | November, 2012 |
| Size | £687m |
| Yield | 0.00% |
| Charging basis | Income |
| Dividends paid | 31 Mar 30 Sep |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 1.00% |
| Ongoing charges figure | 1.13% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 -0.04%
- 18/19 -0.11%
- 19/20 0.45%
- 20/21 -0.42%
Bestinvest MRI
- 3 years -0.03%
- 5 years 0.00%
- Career -0.10%
- 3 years 56.00%
- 5 years 0.00%
- Career 48.80%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Nick Edgerton
Edgerton joined Stewart Investors in 2012 following two years in the First State Investments group. He was previously an analyst with the sustainability funds at AMP Capital Investors. He holds a Bachelor of Economics from Macquarie University, and a Master of Science with Distinction in Ecological Economics from the University of Edinburgh.
Track record
Nick Edgerton has 4.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.1%. During the worst period of relative performance (from July 2016 - December 2019) there was a decline of 11% relative to the index. The worst absolute loss has been 9%.
Periods of worst performance
| Absolute | -9.00% (July 2019 - March 2020) |
| Relative | -11.00% (July 2016 - 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
| 4.7% | Diasorin S.p.a. |
| 4.5% | Unilever |
| 3.7% | Hoya Corp |
| 3.5% | Varian Medical Systems Inc |
| 3.4% | Ain Hldgs Inc |
| 3.3% | Zebra Technologies -A- |
| 3% | Vitasoy International Holdings |
| 3% | Unicharm Corp |
| 2.7% | Ansys Inc |
| 2.5% | Coloplast |
| Source: Trustnet |
Sector breakdown
| Health Care | 28.00% |
| Information Technology | 25.00% |
| Consumer Staples | 20.00% |
| Industrials | 12.00% |
| Cash & Cash Equivalents | 7.00% |
| Materials | 5.00% |
| Financials | 2.00% |