Overview
First Sentier Investors (UK) Funds Limited (FSI UK) was incorporated in 1988. FSI UK is part of First
Sentier Investors (“FSI”), a global asset management business. FSI UK is 100% owned by Mitsubishi
UFJ Trust and Banking Corporation (MUTB) and ultimately 100% owned by Mitsubishi UFJ Financial
Group, Inc. (MUFG). The First Sentier Investors Group manages over $182 billion globally.
FSI UK will only carry on the following regulated activities as specified in the Financial Services and
Markets Act 2000 (Regulated Activities) Order 2001:
Managing an Alternative Investment Fund (AIF)
Managing Undertaking for Collective Investments in Transferable Securities (UCITS)
FSI UK acts as the investment manager to investment vehicles with U.S., and non-U.S., institutional
investors (“Private Funds”). FSI UK does not anticipate registering such investment vehicles under the
U.S. Investment Company Act of 1940 and their shares or interests, as applicable, will not be registered
under the U.S. Securities Act of 1933. Accordingly, the
Private Funds will not be publicly offered in the
United States.
The Stewart Investors Delaware Statutory Trust (the “Fund”), is a US domiciled fund which is only
sold to US investors, FSI UK is also the manager of funds domiciled in the United Kingdom (however,
these funds are not sold in the US).
This document and the figures contained within only refer to the Stewart Investors Delaware Statutory
Trust.
However, please note that the ADV part 1 application refers to the capabilities of FSI UK as a whole,
and the supporting facts and figures reflect this.
As at 31st December 2023, FSI UK had over $18.2 billion assets under management, of which $461
million relates to the Stewart Investors Delaware Statutory Trust. This includes assets where we have
sub-delegated discretion to an affiliate and assets where an affiliated manager has delegated authority
to FSI UK. Therefore, certain of the assets will also be included in the AuM reported by our affiliated
managers.
FSI UK does not participate in wrap fee programs.