Hermes Europe Ex-UK Equity F GBP

  • 160.60p
    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.

  • 235.72p
    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).

  • 0.88%
    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.

  • 1.20%
    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 01 July 2020

The investment objective of the Fund is to achieve long-term capital appreciation by investing primarily in a diversified portfolio of equity securities and equity related securities with a European bias (including Russia and Turkey) quoted or traded on Regulated Markets.

Fund summary

Sector Europe Excluding UK
Structure OFFSHORE FUND
Launched November, 2012
Size £55m
Yield 1.20%
Charging basis
Dividends paid Feb, Aug

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 0.88%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.31%
  • 16/17 0.22%
  • 17/18 0.77%
  • 18/19 -0.60%
  • 19/20 0.74%

Bestinvest MRI

  • 3 years 0.30%
  • 5 years 0.29%
  • Career 0.31%
  • 3 years 91.90%
  • 5 years 97.60%
  • Career 98.70%

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

Tim Crockford

Crockford joined Hermes in 2009 as a research analyst for the European Equities team covering the resources, oil & gas, agricultural chemicals, capital goods and, most recently, the technology sector. He became lead portfolio manager of the Hermes Europe ex-UK Equity Fund in 2015. Prior to joining Hermes, he worked at Execution Limited from July 2006 as a primary research analyst working on major projects in the consumer, retail and financial services sectors. Crockford was raised and educated in Malta and graduated from the University of Malta in 2006 with a Bachelor of Accountancy (Hons) degree, as well as a Bachelor of Commerce degree.

Track record

Tim Crockford has 5.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.31%. During the worst period of relative performance (from May 2018 - August 2019) there was a decline of 7% relative to the index. The worst absolute loss has been 18%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.

Periods of worst performance

Absolute -18.00% (August 2018 - December 2018)
Relative -7.00% (May 2018 - August 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.

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Key Investor Information - Income

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Key Investor Information - Accumulation

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