fund

Rated

This is one of our rated funds. They’re the ones our experts believe will do well for investors over the longer term. Top of the class!

EdenTree Responsible and Sustainable European Equity B

  • 314.60p
    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.

  • -
    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).

  • 0.81%
    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.

  • 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…

Prices as at 22 October 2021, fund data last updated 02 January 2020

The fund’s aim is to achieve long-term capital growth with a reasonable level of income, through a diversified portfolio of continental European companies which make a positive contribution to society and/ or the environment. Manager Chris Hiorns targets companies meeting Edentree’s nine pillars of responsible investing, and also screens out companies considered harmful. A separate SRI (Socially Responsible Investment) team and an independent panel review the portfolio to ensure it adheres to these criteria. Hiorns has a value style, looking to invest cheaply into businesses with identifiable and sustainable competitive advantages.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched
Size £104m
Yield 1.30%
Charging basis Income
Dividends paid 30 Apr, 31 Aug

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.81%

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Investment process

EdenTree has a four-pillared approach to responsible investing - research, screening, engagement and voting. The separate SRI team uses both positive and negative screens, including the use of Sustainal itics for company data. Negative “Avoiding Harm” - using a 10% of turnover threshold the following areas are excluded: alcohol, gambling, pornography, tobacco, weapons, intensive farming, animal testing for cosmetic or household products, oppressive regimes. Positive - looking for good corporate citizens and the manager uses “Nine Pillars” of Responsible Investing - Business Ethics (tax, product quality, company conduct), Community (apprenticeships, training, relationships and welfare of where they operate), Corporate Governance, Labour (diversity, equal opportunities, health & safety), Environmental management (recycling, energy efficiency, pollution control, sustainable products), Human Rights (+ land rights), Education (human development), Health (access to medicine, wellbeing), Urban Regeneration (affordable housing, green building). Portfolio construction and financial analysis is the responsibility of the fund manager. Hiorns targets businesses that are out of favour but intrinsically sound, and where a change in circumstance or economic conditions will bring about a recovery both in company fundamentals and improved investor sentiment, thus leading to superior returns.

EdenTree is a boutique that specialises in socially responsible investing and has won a number of awards, highlighting its expertise in this area of the market. "Profits with Principles" is the firm's key mantra. Manager Chris Hiorns has been in charge of the fund for more than a decade and has delivered attractive returns over that time, especially as his value style has been out of favour for much of his tenure and particularly so in recent years. Hiorns favours higher quality companies which has led to a more defensive performance profile, with the fund often providing a degree of protection from falling markets but lagging when markets rise.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 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.

Track record

Periods of worst performance

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Relative 0.00% ()

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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Sector breakdown

Industrials 26.00%
Financials 21.00%
Health Care 12.00%
Telecommunications 12.00%
Consumer Discretionary 11.00%
Basic Materials 5.00%
Utilities 4.00%
Money Market 4.00%
Consumer Staples 3.00%
Others 2.00%

Portfolio

50-70 stock portfolio.

Key Investor Information

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