fund
Barclays Europe (ex-UK) Alpha R
Large cap fund investing in both value and growth stocks.
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280.10p
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.
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314.40p
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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0.90%
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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1.35%
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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1.30%
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 seeks superior long-term capital growth primarily through investment in companies of European countries, excluding the UK. The Fund invests across a range of industries and may make an allocation to securities issued by companies domiciled and/or listed or traded in the UK.
Fund summary
| Sector | Europe Excluding UK |
| Structure | OEIC |
| Launched | November, 2012 |
| Size | £41m |
| Yield | 1.30% |
| Charging basis | |
| Dividends paid | 15 Jul |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.90% |
| Ongoing charges figure | 1.35% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.91%
- 17/18 0.13%
- 18/19 -0.35%
- 19/20 -0.34%
- 20/21 0.80%
Bestinvest MRI
- 3 years 0.03%
- 5 years -0.13%
- Career 0.01%
- 3 years 63.30%
- 5 years 43.30%
- Career 83.20%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Barclays Wealth Management
Track record
Barclays Wealth Management has 15 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.01%. During the worst period of relative performance (from February 2009 - April 2020) there was a decline of 24% relative to the index. The worst absolute loss has been 34%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 83%.
Periods of worst performance
| Absolute | -34.00% (May 2007 - March 2009) |
| Relative | -24.00% (February 2009 - April 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
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Top 10 holdings
Data accurate as at 31 July 2020
| 6.3% | Sika Ag |
| 5.9% | Sap Se |
| 5.7% | Lonza Group Ag |
| 5.4% | Lvmh Moet Hennessy Vuitton Se |
| 5.4% | Novo Nordisk A/S |
| 5.3% | Asml Holding Nv |
| 5.1% | Royal Unibrew A/S |
| 4.6% | Dsv Panalpina As |
| 3.6% | Safran Sa |
| 3.6% | Relx Plc |
| Source: Trustnet |
Sector breakdown
| Technology | 22.00% |
| Health Care | 18.00% |
| Industrials | 16.00% |
| Cyclical Consumer Goods | 15.00% |
| Basic Materials | 11.00% |
| Consumer Staples | 5.00% |
| Financial Services | 5.00% |
| Communications | 4.00% |
| Energy | 2.00% |