Allianz European Equity Income C

Blue-chip European equity portfolio paying a quarterly income.

  • 101.55p
    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.

  • 132.18p
    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?

  • 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!

  • 0.75%
    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).

  • 2.10%
    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.

  • 3.60%
    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 20 January 2021

This Fund aims to achieve a high and increasing income together with capital growth by investing mainly in Continental Europe, although it may invest internationally.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched March, 2014
Size £23m
Yield 3.60%
Charging basis Income
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 2.10%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 -0.21%
  • 18/19 0.47%
  • 19/20 -1.09%
  • 20/21 -1.29%

Bestinvest MRI

  • 3 years -0.64%
  • 5 years 0.00%
  • Career -0.48%
  • 3 years 5.90%
  • 5 years 0.00%
  • Career 8.70%

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

Joerg De Vries-Hippen / Gregor Rudolph-Dengel

De Vries-Hippen is Chief Investment Officer (CIO) Equity Europe and a member of the European Executive Committee of Allianz Global Investors. He joined Allianz Global Investors in 1992 and became part of the European Equities team in 1994. He has led the team as CIO since 2009. He has managed Swiss equities since 1995, in particular the Allianz Fonds Schweiz, and is Portfolio Manager of the Allianz European Equity Dividend Fund. In January 2016, he took on the role of CIO Equity Europe. He studied economics at the University of Mannheim and is a Certified International Investment Analyst (DVFA).

Track record

Joerg De Vries-Hippen / Gregor Rudolph-Dengel has 4.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.48%. During the worst period of relative performance (from December 2018 - December 2020) there was a decline of 25% relative to the index. The worst absolute loss has been 25%.

Periods of worst performance

Absolute -25.00% (July 2018 - March 2020)
Relative -25.00% (December 2018 - December 2020)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 May 2020

4.01% Munchener Ruckversicherungs Ag
3.99% Allianz Se
3.98% Enel Spa
3.94% Sanofi
3.85% Novartis Ag
3.66% Swiss Re Ltd
3.44% Scor Se
3.36% Compania De Dist Integ Log Hldgs
2.87% Schneider Electric Se
2.75% Iberdrola Sa
Source: Trustnet

Sector breakdown

Financials 27.00%
Utilities 17.00%
Industrials 13.00%
Health Care 12.00%
Basic Materials 9.00%
Consumer Goods 7.00%
Oil & Gas 6.00%
Technology 4.00%
Telecommunications Utilities 3.00%
Consumer Services 2.00%

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download