Threadneedle European C1

Predominantly invested in the European team's core list of blue chips.

  • 276.71p
    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?

  • 3.75% 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).

  • 1.67%
    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 18 September 2020, fund data last updated 19 July 2006

The Fund invests at least two-thirds of its assets in shares of companies with good growth prospects in Continental Europe or companies that have significant operations there.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched September, 1985
Size £955m
Yield 0.40%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 3.75%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.67%

Allocation

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Investment process

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Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.50%
  • 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.

Paul Doyle / Frederic Jeanmaire

Doyle is a portfolio manager for the European Equity Team at Columbia Threadneedle Investments, having joined the company in 1995. He started his career with Fidelity as an analyst before moving to Foreign and Colonial as a European fund manager where he specialised in smaller companies and Mediterranean markets. He was educated at Trinity College, Cambridge where he read History and History of Art. Doyle is an associate member of the UK Society of Investment Professionals (UKSIP).

Track record

The track record of Paul Doyle / Frederic Jeanmaire in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -16.00% (December 2019 - March 2020)
Relative 0.00% (June 2020 - July 2020)

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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Top 10 holdings

Data accurate as at 31 May 2020

5.5% Nestle Sa
4.6% Roche Hldg Ag
4.1% Asml Holding Nv
3.6% Novo-Nordisk As
3.5% Novartis Ag
2.9% Sap Se
2.6% Air Liquide(L`)
2.6% Prosus N.v.
2.4% Crh
2.4% Sandvik Ab
Source: Trustnet

Sector breakdown

Industrials 24.00%
Financials 17.00%
Health Care 16.00%
Technology 15.00%
Consumer Goods 10.00%
Basic Materials 7.00%
Telecommunications 5.00%
Consumer Services 4.00%
Money Market 1.00%

Key Investor Information

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