SVM All Europe SRI B

Ethical equity fund with an emphasis on "positive engagement".

  • 425.60p
    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).

  • 1.23%
    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.

  • 0.30%
    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 11 June 2021

The Fund aims to achieve medium to long-term capital growth and to outperform the FTSE World Europe Index. It adopts a positive engagement approach toward investment and enters into meaningful dialogue with companies regarding social and environmental issues. Investments are made in European stocks and other permitted securities.

Fund summary

Sector Europe Including UK
Structure OEIC
Launched October, 2006
Size £20m
Yield 0.30%
Charging basis Income
Dividends paid Acc units only

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 1.23%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.08%
  • 17/18 0.03%
  • 18/19 -0.26%
  • 19/20 -0.39%
  • 20/21 1.18%

Bestinvest MRI

  • 3 years 0.17%
  • 5 years 0.10%
  • Career 0.29%
  • 3 years 70.90%
  • 5 years 69.50%
  • Career 96.60%

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

Hugh Cuthbert / Neil Veitch

Prior to joining SVM, Cuthbert spent 5 years with Kempen Capital Management, a Dutch merchant bank, where he was responsible for the management of over €500m of European equities including the Orange European Mid and Small Cap funds as well as institutional mandates. In addition he held geographical responsibility for the Nordic region. He began his career at NPI (later acquired by Henderson) where he helped manage the Global Care range of funds as well as a number of segregated mandates. He has a BA (Commendation) in Public Administration and holds the ASIP. Prior to joining SVM, Veitch was responsible for UK mid & small cap investments at Dutch merchant bank, Kempen Capital Management. As well as managing the UK portfolios, he also managed European mandates. He holds a BA (Hons) in Economics, a MSc in Investment Management and is qualified as a Chartered Financial Analyst (CFA). His sector responsibilities include European industrials, technology, oil and gas E&P and UK support services & house builders.

Track record

Hugh Cuthbert / Neil Veitch has 14.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.29%. During the worst period of relative performance (from July 2007 - November 2008) there was a decline of 25% relative to the index. The worst absolute loss has been 49%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.

Periods of worst performance

Absolute -49.00% (October 2007 - November 2008)
Relative -25.00% (July 2007 - November 2008)

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

5.59% Dcc
5.55% Nestle Sa
5.22% Uniphar Plc
5.14% Prudential Plc
5.07% Unilever Nv
4.73% Roche Hldg Ag
4.28% Capgemini Se
4.14% Synthomer Plc
3.94% Astrazeneca Plc
3.93% Smurfit Kappa Group Plc
Source: Trustnet

Sector breakdown

Industrials 29.00%
Consumer Goods 17.00%
Financials 15.00%
Health Care 14.00%
Technology 11.00%
Consumer Services 9.00%
Basic Materials 4.00%
Utilities 1.00%
Money Market 1.00%

Key Investor Information

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