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Contact details

ManagerGroupLogo
50 Stratton street, London, United Kingdom, W1J 8LL
0800 374 810 (Broker Line)
0870 606 6408 (Dealing)
0207 499 1610 (Fax Number)
0207 588 2721 (Main Number)

ContactUK@Lazard.com

Fund managers

* Aaron Barnfather01-Mar-2008 to Present
 
view    
* Barnaby Wilson»01-Dec-2008 to Present
Mark Little»01-Apr-2004 to 30-Nov-2008
Gabrielle Boyle»01-Jan-1993 to 28-Feb-2008
Marc Pollard»27-Aug-1986 to 31-Mar-2002


Investment objectives

To achieve long-term capital growth by investing in shares of continental European companies.

Key Information

Fund vs sector

  1y 3y
Position 38 / 100 27 / 93
Quartile 2 2

Fund ratings

BronzeMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 3 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 11.36 15.11
Alpha 2.38 -0.14
Beta 1.05 1.05
Sharpe 0.30 0.82
Info Ratio 1.18 0.22
R2 0.97 0.97
Quartiles:   1  2  3  4   help with ratios
vs. Europe Excluding UK»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
INC -3.0+41.8+28.4+32.3+10.5-12.1+2.9
  EUROPE EXCLUDING UK   -4.3+39.6+30.2+34.0+8.8-11.8+5.8
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf LAZARD EUROPEAN ALPHA RET C INC INC 531.90 (p) 24-Oct-2014 n/a 0.81% GW3A B6S1MZ5
pdf LAZARD EUROPEAN ALPHA RET C ACC ACC 588.90 (p) 24-Oct-2014 n/a 0.81% GW3B B7WP658
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf LAZARD EUROPEAN ALPHA RET ACC ACC 580.20 (p) 24-Oct-2014 1.90 1.57% F8X2 B6267W8
pdf LAZARD EUROPEAN ALPHA INST INC INC 535.40 (p) 24-Oct-2014 2.30 1.07% LZ44 0846895
pdf LAZARD EUROPEAN ALPHA RET INC INC 534.30 (p) 24-Oct-2014 1.90 1.57% LZ78 0846884

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£88.5m / $142.4m (24-Oct-14)
Savings plan Fund has Savings Plan  Launch27-Aug-1986
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 200,000
Minimum additional£ 500
Initial charge0.00%
Annual management charge1.00%
Note to chargesn/a
Trustee / DepositaryState Street Trustees Limited
RegistrarBank of New York Mellon (International) Limited
Multi-Managern/a
Indexn/a
Dividend policyApr 01, Oct 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Europe Ex UK Equity Mixed Europe Excluding UK
Largest holdings, 31-Aug-2014
Holding (%) Rank Fund factsheet Equity factsheet
NOVARTIS AG 6.70 1 - -
BAYER AG 4.40 2 - -
ANHEUSER-BUSCH INBEV SA 4.30 3 - -
BNP PARIBAS 3.70 4 - -
UNILEVER 3.30 5 - *
NOVO-NORDISK AS 3.30 6 - -
ALLIANZ SE 3.10 7 - -
SANOFI 3.00 8 - -
SIEMENS AG 2.80 9 - -
VOLKSWAGEN AG 2.40 10 - -
Total37.00 
Regional weightings, 31-Aug-2014
Region(%)Rank 
Germany22.901 22.90% Germany
Others16.802 16.80% Others
Switzerland16.603 16.60% Switzerland
France11.004 11.00% France
Netherlands6.405 6.40% Netherlands
Spain5.906 5.90% Spain
Denmark5.207 5.20% Denmark
Belgium4.908 4.90% Belgium
Italy4.309 4.30% Italy
Finland4.2010 4.20% Finland
Money Market1.8011 1.80% Money Market
Total100.00 
Sector weightings, 31-Aug-2014
Sector(%)Rank 
Financials26.101 26.10% Financials
Consumer Goods19.102 19.10% Consumer Goods
Health Care15.003 15.00% Health Care
Industrials11.104 11.10% Industrials
Technology6.005 6.00% Technology
Basic Materials5.906 5.90% Basic Materials
Consumer Services5.607 5.60% Consumer Services
Oil & Gas3.608 3.60% Oil & Gas
Utilities3.209 3.20% Utilities
Telecommunications2.6010 2.60% Telecommunications
Cash1.8011 1.80% Cash
Total100.00 

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

German Equities, 22.90%
22.9000% ofGerman Equities
International Equities, 16.80%
16.8000% ofInternational Equities
Swiss Equities, 16.60%
16.6000% ofSwiss Equities
French Equities, 11.00%
11.0000% ofFrench Equities
Dutch Equities, 6.40%
6.4000% ofDutch Equities
Spanish Equities, 5.90%
5.9000% ofSpanish Equities
Danish Equities, 5.20%
5.2000% ofDanish Equities
Belgian Equities, 4.90%
4.9000% ofBelgian Equities
Italian Equities, 4.30%
4.3000% ofItalian Equities
Finnish Equities, 4.20%
4.2000% ofFinnish Equities
Money Market, 1.80%
1.8000% ofMoney Market

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