fund
BlackRock Continental European D
A mainly large cap European equity fund targeting capital growth.
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3458.00p
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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4419.00p
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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0.75%
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).
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0.94%
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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0.00%
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 aims to achieve long-term capital growth by investing predominantly in shares of large European companies, excluding the UK. The Fund invests in value and growth companies and focuses on stock selection.
Fund summary
| Sector | Europe Excluding UK |
| Structure | UNIT TRUST |
| Launched | June, 2011 |
| Size | £900m |
| Yield | 0.00% |
| Charging basis | Income |
| Dividends paid | Sep |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.20% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.94% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.36%
- 19/20 1.04%
- 20/21 0.93%
Bestinvest MRI
- 3 years 0.77%
- 5 years 0.00%
- Career 0.67%
- 3 years 99.60%
- 5 years 0.00%
- Career 99.80%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Stefan Gries / Giles Rothbarth
Gries, CFA, Director is the co-portfolio manager of Continental European funds and European Absolute Return portfolios at BlackRock. He is a member of the European Equity team within the Fundamental Equity division of BlackRock’s Active Equity Group. Prior to joining the company in 2008, he spent 2 years at Scottish Widows Investment Partnership where he completed a 2 year graduate program. Since joining BlackRock, he has worked both as a portfolio manager and as an analyst covering, at various times, energy, pharmaceuticals and insurance on behalf of the European Equity team. Gries earned an MA in Economics & Spanish from the University of St. Andrews in 2005.
Track record
Stefan Gries / Giles Rothbarth has 3.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.67%. During the worst period of relative performance (from October 2020 - March 2021) there was a decline of 5% relative to the index. The worst absolute loss has been 16%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.
Periods of worst performance
| Absolute | -16.00% (August 2018 - December 2018) |
| Relative | -5.00% (October 2020 - March 2021) |
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
| 6.4017% | Sika Ag |
| 6.071% | Sap Se |
| 5.7535% | Lonza Group Ag |
| 5.4408% | Royal Unibrew A/S |
| 5.3338% | Novo-Nordisk As |
| 5.2106% | Lvmh Moet Hennessy Vuitton Se |
| 5.1148% | Asml Holding Nv |
| 4.515% | Dsv Panalpina As |
| 3.6514% | Relx Plc |
| 3.6407% | Safran Sa |
| Source: Trustnet |
Sector breakdown
| Industrials | 22.00% |
| Technology | 22.00% |
| Health Care | 19.00% |
| Consumer Goods | 18.00% |
| Financials | 7.00% |
| Consumer Services | 6.00% |
| Basic Materials | 3.00% |
| Oil & Gas | 2.00% |