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1162586688
Share Class Inception Date: 31/01/2019
ISIN: IE00BH3Q8P46

Global Stewards Fund

A highly selective global equity fund investing in companies that we believe display superior stewardship with sustained track records of strong financial performance.

This is a marketing communication. Please refer to the prospectus of the Fund and to the KIID/KID and / or offering documents before making any final investment decisions.

Morningstar Rating
As at 31/01/2025
21.3856
NAV (USD)
As at 21/02/2025
-0.0296 (-0.14%)
NAV daily change
As at 21/02/2025
2.81 B
AUM (USD)
As at 21/02/2025
Article 9
SFDR Article Classification

FUND OVERVIEW

Actively managed and seeks to deliver long-term total returns in excess of the MSCI All Country World Index by investing in the equities of companies globally, that generate high return on capital relative to their peers, and whose management teams and boards display superior stewardship to sustain those returns over time. The Fund defines stewardship as how companies balance the interests of all stakeholders (customers, employees, communities and the supply chain) in the pursuit of profits and how they incorporate material environmental, social and/or governance (ESG) risks and opportunities in their corporate strategy. The Fund targets net zero emissions by 2050 in alignment with the Paris Agreement.

Fund Highlights
  • We believe stewardship is an often-overlooked source of competitive advantage and long-term returns that can be assessed by how successfully companies invest in people, positively impact the planet and build sustainable profit to create lasting competitive advantage
  • Our rigorous research aims to ensure each holding meets our very high standards for financial performance and stewardship, often favoring large industry leaders with robust competitive positions — we don’t rely on third-party ESG data or prescriptive ESG screening
  • We actively engage with the companies we invest in, holding those in charge to account and encouraging companies to commit to net zero carbon emissions targets in alignment with the Paris Agreement

Featured Content

5 Years of Global Stewards

Discover engagement highlights and key developments since launch.

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Investment Examples

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Deere, Capital Goods

Learn about how we believe stewardship is a competitive advantage for Deere.
 

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ING Group

Learn about some of ING Group’s competitive advantage from a stewardship perspective and why we own them.

FUND TEAM

Mark Mandel, CFA
Equity Portfolio Manager
33 years industry experience
30 years with Wellington
Mark is a portfolio manager and member of the Investment Stewardship and Research Services Governance Committees. Prior to this Mark was Director of Global Industry Research at Wellington Management.
Yolanda Courtines, CFA
Equity Portfolio Manager
32 years industry experience
18 years with Wellington
Yolanda is a portfolio manager and member of the Investment Stewardship and Research Services Governance Committees. Prior to this Yolanda was a Global Industry Analyst, responsible for managing research-based portfolios at Wellington Management.
Samuel Cox
Portfolio Manager
21 years industry experience
6 years with Wellington
Samuel is a portfolio manager in Global Equity Portfolio Management, he draws on research from Wellington Management's global industry analysts, portfolio managers and other investment professionals.

KEY FUND FACTS

Fund Details
  • Base Currency
    USD
  • Fund Inception Date
    31/01/2019
  • Share Class Inception Date
    31/01/2019
  • Asset Class
    Equity
  • Domicile
    Ireland
  • Bloomberg
    WEGSDUH ID
  • ISIN
    IE00BH3Q8P46
  • Reference Benchmark
    MSCI All Country World Index Net
  • SFDR Article Classification
    Article 9
Charges & Expenses
  • Management Fee
    0.40%
  • Ongoing Charges Figure
    1.15%
  • Minimum Investment
    USD 5.00 K
The Fund is authorised and regulated as a UCITS scheme by the Central Bank of Ireland. The ongoing charges figure excludes Fund transaction costs, except in the case of depositary fees and an entry/exit charge paid by the Fund when buying or selling Shares in another collective investment undertaking. A detailed description of the charges that apply is set out in the section "Charges and Expenses" in the Prospectus. The ongoing charges figure may change over time. Charges applied will reduce the return potential of investments. Charges applied will reduce the return potential of investments. If an investor’s own currency is different from the currency shown, costs could increase or decrease due to currency or exchange related fluctuations.

PERFORMANCE

Cumulative PerformanceAs at 31/01/2025
Created with Highcharts 9.3.3Global Stewards Fund - USD D AccMSCI All Country World Index NetMar 19May 19Jul 19Sep 19Nov 19Jan 20Mar 20May 20Jul 20Sep 20Nov 20Jan 21Mar 21May 21Jul 21Sep 21Nov 21Jan 22Mar 22May 22Jul 22Sep 22Nov 22Jan 23Mar 23May 23Jul 23Sep 23Nov 23Jan 24Mar 24May 24Jul 24Sep 24Nov 24Jan 25-25%0%25%50%75%100%125%

Past performance does not predict future returns.

Total return net of fees & expenses (%) as at 31/01/2025

SHARE CLASSFROM
TO
02/24
01/25
02/23
01/24
02/22
01/23
02/21
01/22
02/20
01/21
02/19
01/20
02/18
01/19
02/17
01/18
02/16
01/17
02/15
01/16
USD D Acc
(Total Return)
15.412.3-3.219.417.721.4----
MSCI All Country World Index Net 20.7 14.7 -8.0 13.2 17.0 16.0 - - - -

PAST PERFORMANCE DOES NOT PREDICT FUTURE RETURNS. AN INVESTMENT CAN LOSE VALUE. The inception date of the USD D Acc share class is 31/01/2019. Periods greater than one year are annualised. If an investor's own currency is different from the currency in which the fund is denominated, the investment return may increase or decrease as a result of currency fluctuations. Fund returns shown are net of USD D Acc share class fees and expenses. Fund returns shown are net of actual (but not necessarily maximum) withholding and capital gains tax but are not otherwise adjusted for the effects of taxation and assume reinvestment of dividends and capital gains. The index returns, where applicable, are shown net of maximum withholding tax and assume reinvestment of dividends. Please note the fund has a swing pricing mechanism in place. If the last business day of the month is not a business day for the Fund, performance is calculated using the last available NAV. This may result in a performance differential between the fund and the index. Sources: Fund - Wellington Management. Index – MSCI.

FUND CHARACTERISTICS

As at 31/01/2025
CHARACTERISTICSFUNDBENCHMARK
Asset-Weighted Market Capitalisation (USD)350.62 BN/A

FUND ALLOCATIONS

As at 31/01/2025
Created with Highcharts 9.3.3% OF EQUITY51.951.933.333.36.06.05.95.92.82.80.00.069.169.113.913.94.74.72.32.39.79.70.20.2FUNDBENCHMARKNorth AmericaEuropeJapanAsia Pacific ex JapanEmerging MarketsMiddle East/Developed01020304050607080

Totals may not add up to 100% due to rounding.

FUND RISKS

All investors should consider the risks that may impact their capital, before investing. The value of your investment may become worth more or less than at the time of the original investment.
Summary Risk Indicator (SRI)
As at 23/01/2025
  • 1
    Lower Risk
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
    Higher Risk
Select a risk to learn more about it
  • Capital
  • Concentration
  • Equities
  • Emerging Markets
  • Currency
  • Sustainability
  • Hedging

The risk category shown is based on a combination of market and a credit risk measures, it is not guaranteed to remain unchanged and may shift over time. Even the lowest risk category 1 is not a risk free investment. For more information please read the Key Information Document (KID).

SUSTAINABILITY-RELATED DISCLOSURE

This Fund has a sustainable investment objective alongside its financial objective and aims to support certain environmental and social characteristics. Full details are provided in the Fund’s Sustainable Investing Disclosure Document, provided below.

Funds returns are shown net of fees. Fund returns shown are net of actual (but not necessarily maximum) withholding and capital gains tax but are not otherwise adjusted for the effects of taxation and assume reinvestment of dividends and capital gains. If an investor’s own currency is different from the currency in which the fund is denominated, the investment return may increase or decrease as a result of currency fluctuations.

Source: Wellington Management.

© 2024 Morningstar, Inc. All Rights Reserved. Past performance does not predict future returns. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Overall Morningstar Rating for a fund is derived from a weighted average of the three, five, and ten year (if applicable) ratings, based on risk-adjusted return.

Investment in the funds described on this website carries a substantial degree of risk and places an investor’s capital at risk. The price and value of investments is not guaranteed and can go down as well as up. An investor may not get back the original amount invested and an investor may lose all of their investment. Investment in the funds described on this website is not suitable for all investors. If an investor is in any doubt as to the suitability of an investment in a fund, an investor should consult an independent financial advisor. The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds. An investor should only invest in a fund once that investor has carefully read and understood the offering documents for the fund which contain further information on the risks and features of the fund. Unless stated otherwise data is as at previous month end.