VT Argonaut European Income Opportunities R

  • 110.18p
    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.

  • 136.97p
    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!

  • 0.65%
    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).

  • 0.85%
    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.

  • 2.80%
    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 January 2022, we don’t currently provide commentary on this fund.

The Fund aims to provide an income in excess of the yield of the MSCI Europe ex UK Index, with long term capital growth. The Fund will invest in approximately 30-60 stocks, mainly in companies incorporated in Europe (including up to 5% in UK companies). The Fund may also invest in emerging European markets including Russia and Eastern Europe.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched December, 2016
Size £2m
Yield 2.80%
Charging basis Capital
Dividends paid 15 Jan, 15 Apr, 15 Jul, 15 Oct

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 0.85%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%
  • 21/22 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 1.24%
  • 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.

Greg Bennett

Bennett joined Argonaut in 2012. He began his career at Neptune in 2002, where he managed the US Opportunities and UK Equity funds as well as being assistant fund manager on the Income and Global funds. In 2006 he joined Marlborough Fund Managers where he set up and ran its UK large Cap and UK Income funds. He graduated from the University of Natal (South Africa) in 1994 with a degree in Agricultural Economics. Whilst in South Africa he worked as an agricultural economist developing business plans and feasibility studies for both state and instate enterprises.

Track record

The track record of Greg Bennett 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 -7.00% (February 2005 - April 2005)
Relative -6.00% (August 2004 - August 2004)

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 December 2021

5.76% Gazprom Neft Pjsc
5.58% Ald
5.58% Yara International Asa
5.31% Swiss Re Ltd
5.03% Petroleo Brasileiro Sa Petrobras
Source: Trustnet

Sector breakdown

Utilities 25.00%
Industrials 22.00%
Energy 19.00%
Financials 10.00%
Materials 10.00%
Communications 4.00%
Health Care 4.00%
Money Market 2.00%
Real Estate 2.00%
Consumer Discretionary 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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