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Contact details

199 Bishopsgate, London, EC2M 3TY
0800 073 2001 (Dealing)
0870 888 3029 (Fax Number)
0800 317 573 (Main Number)
+44 (0) 20 7065 1407 (Overseas)
0870 601 6117 (Valuations)

Fund managers

* Joerg de Vries-Hippen30-Mar-2009 to Present
* Neil Dwane»30-Mar-2009 to Present
Rupert Marlow»01-Jan-2003 to 30-Mar-2009
Paul Kelly»Since launch to 31-Dec-2002

Investment objectives

This Fund aims to achieve a high and increasing income together with capital growth by investing mainly in Continental Europe, although it may invest internationally.

Key Information

Fund vs sector

  1y 3y
Position 21 / 102 57 / 94
Quartile 1 3

Fund ratings

FE Crown Rating: 5 FE Crown Rating


  1y 3y
Volatility 8.55 11.56
Alpha 3.65 1.44
Beta 0.92 0.83
Sharpe 0.00 0.61
Info Ratio 1.10 -0.06
R2 0.84 0.89
Quartiles:   1  2  3  4   help with ratios
vs. IMA Europe Excluding UK»
performance chart
ACC +5.4+53.2+42.8+31.9+10.3-10.7+4.3
  IMA EUROPE EXCLUDING UK   +2.9+56.1+42.5+30.1+16.7-14.8+7.2
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf ALLIANZ EUROPEAN EQUITY INCOME C INC INC 99.40 (p) 21-Nov-2014 3.13 1.86% F1R3 B613Y63
pdf ALLIANZ EUROPEAN EQUITY INCOME C ACC ACC 102.49 (p) 21-Nov-2014 0.00 1.43% F1R4 B613Y74
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf ALLIANZ EUROPEAN EQUITY INCOME A INC INC 135.49 (p) 21-Nov-2014 3.37 2.61% F1R5 B613Y41
pdf ALLIANZ EUROPEAN EQUITY INCOME A ACC ACC 182.81 (p) 21-Nov-2014 3.49 2.18% F1R6 B613Y52

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£26.7m / $41.9m (21-Nov-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch30-Mar-2009
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 500
Minimum additional£ 500
Initial charge4.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryJP Morgan Trustee and Depositary Company Ltd
RegistrarInternational Financial Data Services (UK) Ltd
Dividend policyMar 01 (Final), Jun 01, Sep 01, Dec 01
Peer groups
Region Asset Class Investment Focus Sector
Europe Ex UK Equity Mixed IMA Europe Excluding UK
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
TOTAL SA 5.54 1 - -
BPOST SA/NV 4.14 4 - -
STATOIL ASA 3.98 5 - -
ALLIANZ SE 3.94 6 - -
SCOR SE 3.92 7 - -
TELENOR ASA 3.69 8 - -
KEMIRA OYJ 2.96 10 - -
Regional weightings, 30-Sep-2014
France22.101 22.10% France
Cash15.602 15.60% Cash
Germany11.403 11.40% Germany
Others9.404 9.40% Others
Norway7.705 7.70% Norway
Finland6.806 6.80% Finland
Italy6.807 6.80% Italy
Belgium5.708 5.70% Belgium
UK5.509 5.50% UK
Sweden4.6010 4.60% Sweden
Spain4.4011 4.40% Spain
Sector weightings, 30-Sep-2014
Financials19.401 19.40% Financials
Industrials17.302 17.30% Industrials
Cash15.603 15.60% Cash
Oil & Gas15.004 15.00% Oil & Gas
Utilities10.305 10.30% Utilities
Telecommunications9.506 9.50% Telecommunications
Consumer Services7.307 7.30% Consumer Services
Basic Materials3.808 3.80% Basic Materials
Consumer Goods1.809 1.80% Consumer Goods

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Asset allocation

French Equities, 22.10%
22.1000% ofFrench Equities
Money Market, 15.60%
15.6000% ofMoney Market
German Equities, 11.40%
11.4000% ofGerman Equities
International Equities, 9.40%
9.4000% ofInternational Equities
Norwegian Equities, 7.70%
7.7000% ofNorwegian Equities
Italian Equities, 6.80%
6.8000% ofItalian Equities
Finnish Equities, 6.80%
6.8000% ofFinnish Equities
Belgian Equities, 5.70%
5.7000% ofBelgian Equities
UK Equities, 5.50%
5.5000% ofUK Equities
Swedish Equities, 4.60%
4.6000% ofSwedish Equities
Spanish Equities, 4.40%
4.4000% ofSpanish Equities

FE Adviser Fund Index

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