fund
T. Rowe Continental European Equity Q GBP
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2218.00p
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.
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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?
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0.00%
Initial chargeSome 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!
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0.65%
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).
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0.82%
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.
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0.00%
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…
The fund aims to increase the value of its shares, over the long term, through growth in the value of its investments. The fund invests mainly in a diversified portfolio of stocks of companies in Europe (excluding the UK).
Fund summary
| Sector | Europe Excluding UK |
| Structure | OFFSHORE FUND |
| Launched | May, 2013 |
| Size | £101m |
| Yield | 0.00% |
| 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 | 0.65% |
| Ongoing charges figure | 0.82% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.13%
- 17/18 0.08%
- 18/19 0.13%
- 19/20 0.37%
- 20/21 0.09%
Bestinvest MRI
- 3 years 0.20%
- 5 years 0.11%
- Career 0.18%
- 3 years 97.70%
- 5 years 94.20%
- Career 98.40%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Dean Tenerelli
Tenerelli joined T. Rowe Price in 2000 as an equity research analyst and was appointed co-manager of the firm's Global Equity Strategy in 2004. Prior to joining the firm, he worked as an assistant portfolio manager at Artisan Partners (1995–2000). He began his investment career in 1993 at Banesto Bolsa in Madrid as an equity analyst following Spanish equities. Tenerelli later became an international equity analyst, for Waddell and Reed in Kansas City, MO. Tenerelli is a graduate of Rutgers University with a BA in economics and earned an MBA from Escuela Superior de Administracion y Direccion de Empresa and an MA in international management from American Graduate School of International Management.
Track record
Dean Tenerelli has 11.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.18%. During the worst period of relative performance (from January 2014 - September 2014) there was a decline of 7% relative to the index. The worst absolute loss has been 24%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.
Periods of worst performance
| Absolute | -24.00% (April 2011 - September 2011) |
| Relative | -7.00% (January 2014 - September 2014) |
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