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Contact details

Neptune Investment Management, PO Box 9004, Chelmsford, Essex, CM99 2WR
0800 587 5051 (Dealing)
0870 889 0540 (Fax Number)

Fund managers

* Rob Burnett06-May-2005 to Present
Barry Norris» 29-Nov-2002 to 05-May-2005

Investment objectives

To provide capital growth by investing mainly in a focused portfolio of approximately 40- 60 European companies, selected at the manager’s discretion, excluding the UK.

Key Information

Fund vs sector

  1y 3y
Position 95 / 100 94 / 94
Quartile 4 4

Fund ratings

SilverMstar OBSR
FE Crown Rating: 2 FE Crown Rating


  1y 3y
Volatility 11.25 14.88
Alpha -2.94 -4.16
Beta 1.08 1.00
Sharpe -0.01 0.19
Info Ratio -0.50 -0.62
R2 0.64 0.77
Quartiles:   1  2  3  4   help with ratios
vs. Europe Excluding UK»
performance chart
ACC -2.6+30.5+24.5+25.4+6.8-9.2+5.1
  EUROPE EXCLUDING UK   +3.0+57.7+43.9+31.5+16.5-14.8+7.1
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf NEPTUNE EUROPEAN OPPORTUNITIES C ACC GBP ACC 124.30 (p) 21-Nov-2014 1.05 0.79% GQLB B8LF731
pdf NEPTUNE EUROPEAN OPPORTUNITIES C INC GBP INC 107.00 (p) 21-Nov-2014 1.05 0.79% JAYI B909GK1
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf NEPTUNE EUROPEAN OPPORTUNITIES A ACC GBP ACC 405.90 (p) 21-Nov-2014 0.46 1.83% DJ60 3230859
pdf NEPTUNE EUROPEAN OPPORTUNITIES B ACC GBP ACC 427.40 (p) 21-Nov-2014 0.78 1.34% DJ61 3231001
pdf NEPTUNE EUROPEAN OPPORTUNITIES A ACC EUR ACC 158.30 (EUX) 21-Nov-2014 0.56 1.90% F7L0 B60T5P8
pdf NEPTUNE EUROPEAN OPPORTUNITIES B ACC EUR ACC 162.70 (EUX) 21-Nov-2014 0.78 1.34% F7L1 B60T5Q9
pdf NEPTUNE EUROPEAN OPPORTUNITIES A INC GBP INC 363.90 (p) 21-Nov-2014 0.45 1.88% QM80 B058ZH0
pdf NEPTUNE EUROPEAN OPPORTUNITIES B INC GBP INC 375.40 (p) 21-Nov-2014 0.76 1.35% QM81 B058ZP8

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£630.2m / $988.1m (30-Sep-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch29-Nov-2002
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMonday to Friday 9am to 5pm
Minimum initial£ 1,000
Minimum additional£ 50
Initial charge5.00%
Annual management charge1.75%
Note to chargesInitial Charges: ;
Trustee / DepositaryState Street Trustees Limited
RegistrarInternational Financial Data Services (UK) Ltd
Dividend policyJan 01, Jul 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Europe Ex UK Equity Mixed Europe Excluding UK
Regional weightings, 31-Jul-2014
Italy26.201 26.20% Italy
Germany15.062 15.06% Germany
France12.893 12.89% France
Spain7.664 7.66% Spain
Greece6.825 6.82% Greece
Sweden5.586 5.58% Sweden
Norway5.427 5.42% Norway
United Kingdom5.358 5.35% United Kingdom
Netherlands4.789 4.78% Netherlands
Finland3.9610 3.96% Finland
Cash2.8211 2.82% Cash
Portugal2.6612 2.66% Portugal
Switzerland0.8213 0.82% Switzerland
Sector weightings, 31-Jul-2014
Financials26.801 26.80% Financials
Materials15.342 15.34% Materials
Telecommunication Se14.723 14.72% Telecommunication Se
Utilities13.634 13.63% Utilities
Energy9.775 9.77% Energy
Industrials5.166 5.16% Industrials
Consumer Discretiona4.597 4.59% Consumer Discretiona
Consumer Staples3.738 3.73% Consumer Staples
Information Technolo3.449 3.44% Information Technolo
Cash2.8210 2.82% Cash

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

Italian Equities, 28.32%
28.3200% ofItalian Equities
German Equities, 19.20%
19.2000% ofGerman Equities
French Equities, 10.76%
10.7600% ofFrench Equities
Spanish Equities, 10.11%
10.1100% ofSpanish Equities
Greek Equities, 7.11%
7.1100% ofGreek Equities
Norwegian Equities, 5.35%
5.3500% ofNorwegian Equities
UK Equities, 4.97%
4.9700% ofUK Equities
Finnish Equities, 3.76%
3.7600% ofFinnish Equities
Dutch Equities, 3.63%
3.6300% ofDutch Equities
Portuguese Equities, 3.19%
3.1900% ofPortuguese Equities
Swedish Equities, 2.29%
2.2900% ofSwedish Equities
Money Market, 0.82%
0.8200% ofMoney Market
Swiss Equities, 0.49%
0.4900% ofSwiss Equities

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