SVM Continental Europe A

Focused portfolio of Europe (ex UK) equities.

  • 691.70p
    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?

  • 5.25% 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!

  • 1.50%
    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).

  • 2.00%
    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 27 November 2020

The Fund aims to achieve above average capital growth over the medium to long term (although short term investment opportunities will also be considered) and it aims to outperform the FTSE World Europe ex UK Index.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched March, 2000
Size £22m
Yield 0.40%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 2.00%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.15%
  • 16/17 -0.07%
  • 17/18 -0.12%
  • 18/19 -0.33%
  • 19/20 1.63%

Bestinvest MRI

  • 3 years 0.39%
  • 5 years 0.19%
  • Career 0.19%
  • 3 years 92.10%
  • 5 years 87.30%
  • Career 99.20%

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

Hugh Cuthbert

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 has a BA (Commendation) in Public Administration and holds the ASIP. His sector responsibilities include oil services, healthcare, telecoms (ex-UK) and banks and insurance.

Track record

Hugh Cuthbert has 14.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.19%. During the worst period of relative performance (from July 2007 - December 2008) there was a decline of 14% relative to the index. The worst absolute loss has been 44%. 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 -44.00% (May 2007 - February 2009)
Relative -14.00% (July 2007 - December 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

7.16% Allgeier Se
5.9% Sesa Spa
5.46% United Internet Ag
4.49% Energiekontor Ag
4.41% Crayon Group Hldg
4.05% Axa
3.85% Patrizia Ag
3.77% Capgemini Se
3.7% Ringkjobing Landbobank
3.3% Hypoport Ag
Source: Trustnet

Sector breakdown

Technology 30.00%
Financials 22.00%
Industrials 12.00%
Utilities 9.00%
Consumer Goods 8.00%
Consumer Services 8.00%
Health Care 7.00%
Oil & Gas 2.00%
Telecommunications 1.00%
Money Market 1.00%

Key Investor Information

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