Lazard European Smaller Companies C

  • 887.85p
    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).

  • 0.80%
    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.

  • 0.40%
    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 30 November 2021

Fund summary

Sector European Smaller Companies
Structure OEIC
Launched
Size £258m
Yield 0.40%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.80%

Allocation

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Investment process

The objective is long-term capital growth by investing in European smaller companies, those being companies with a market capitalisation of below €2 billion. This is approximately the bottom 5% of the MSCI Europe. The manager takes a bottom up value approach to investing, focusing on companies with high cash flows and high returns on equity. A team of analysts, spread through the world perform the individual company research and feed their "best" ideas back to fund manager for inclusion into the portfolio. If a superior idea is found by an analyst to an existing holding then it will be exchanged. Price targets are also set for each stock on an earnings multiple basis.

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

Absolute 0.00% ()
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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Allocation

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Allocation

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Sector breakdown

Industrials 27.00%
Financials 16.00%
Information Technology 10.00%
Communications 9.00%
Consumer Discretionary 9.00%
Health Care 8.00%
Real Estate 8.00%
Materials 5.00%
Others 4.00%
Consumer Staples 3.00%

Portfolio

The fund contains around 60 stocks with the top 10 accounting for 25% of the portfolio.

Key Investor Information

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