AXA Framlington European R

Portfolio of continental European growth stocks.

  • 749.10p
    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.

  • 932.10p
    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?

  • 5.25% 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).

  • 1.61%
    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.

  • 0.90%
    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 13 December 2019, fund data last updated 01 December 2001

The Fund's objective is capital growth through investment principally in continental European equities. The Fund has the power to invest in the UK, but it is not currently proposed that it will do so. Investment is in companies which, in the Manager's opinion, show above average profitability, management quality and growth.

Fund summary

Sector Europe Excluding UK
Structure UNIT TRUST
Launched February, 1986
Size £60m
Yield 0.90%
Charging basis Income
Dividends paid 15 Jul

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.61%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.17%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Olivier Eugene

Eugene joined AXA IM in April 2007 as an Equity Portfolio Manager and is specialised in the coverage of the Global natural resources, energy and European industrials sectors. Prior to joining AXA IM, he worked at BNP Paribas Asset Management as financial controller for 3 years and within the Pan European equity portfolio management team for 6 years. Before that, he worked at AGF Nafta Ltd in Toronto as Treasury & Investment Analyst. Eugene is a CFA Charterholder. He holds a Master of Science in Finance from the American University of New Haven and a Master in Financial Engineering from Paris I Panthéon – Sorbonne University.

Track record

The track record of Olivier Eugene in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -3.00% (July 2019 - October 2019)
Relative -1.00% (March 2019 - May 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 30 August 2019

7.44% Nestle Sa
5.17% Roche Hldg Ag
4.4% Allianz Se
4.38% Total Sa
4.35% Anheuser-Busch Inbev Sa/Nv
4.08% Airbus Se
3.62% Novo-Nordisk As
3.35% Sap Se
3.27% Lvmh Moet Hennessy Vuitton Se
2.94% Asml Holding Nv
Source: Trustnet

Sector breakdown

Consumer Staples 18.00%
Health Care 16.00%
Financials 15.00%
Industrials 14.00%
Information Technology 9.00%
Materials 7.00%
Consumer Discretionary 7.00%
Energy 5.00%
Communications 5.00%
Utilities 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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