To continue using FE Trustnet please choose an edition:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies on the website and how to delete cookies, see our Privacy and Cookie Policy.

I accept the FE Trustnet cookie policy

For more information Click here




It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table

What is the best asset class to protect investors from equity risk?

Absolute return strategies


You are here: Factsheet

Contact details

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)

Fund managers

* Aaron Barnfather01-Mar-2008 to Present
* Barnaby Wilson»01-Dec-2008 to Present
* Paul Selvey Clinton»01-Aug-2014 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 35 / 100 26 / 94
Quartile 2 2

Fund ratings

BronzeMstar OBSR
FE Crown Rating: 3 FE Crown Rating


  1y 3y
Volatility 8.86 13.93
Alpha 1.96 -0.20
Beta 1.03 1.04
Sharpe 0.00 0.57
Info Ratio 0.88 0.08
R2 0.95 0.97
Quartiles:   1  2  3  4   help with ratios
vs. Europe Excluding UK»
performance chart
INC +4.3+60.6+43.8+29.4+19.1-14.7+4.9
  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 LAZARD EUROPEAN ALPHA RET C INC INC 570.50 (p) 24-Nov-2014 n/a 0.81% GW3A B6S1MZ5
pdf LAZARD EUROPEAN ALPHA RET C ACC ACC 631.70 (p) 24-Nov-2014 n/a 0.81% GW3B B7WP658
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf LAZARD EUROPEAN ALPHA RET ACC ACC 622.00 (p) 24-Nov-2014 1.90 1.57% F8X2 B6267W8
pdf LAZARD EUROPEAN ALPHA INST INC INC 574.20 (p) 24-Nov-2014 2.30 1.07% LZ44 0846895
pdf LAZARD EUROPEAN ALPHA RET INC INC 572.70 (p) 24-Nov-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£94.6m / $148.3m (24-Nov-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
Dividend policyApr 01, Oct 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Europe Ex UK Equity Mixed Europe Excluding UK
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
Novartis 7.20 1 - -
Bayer 4.70 2 - -
AB InBev 4.50 3 - -
BNP Paribas 3.90 4 - -
Unilever 3.60 5 - *
Novo Nordisk 3.50 6 - -
Sanofi 3.20 7 - -
Allianz 3.10 8 - -
Airbus Group 2.40 9 - -
Volkswagen 2.30 10 - -
Regional weightings, 30-Sep-2014
Germany21.501 21.50% Germany
Switzerland15.802 15.80% Switzerland
Other15.603 15.60% Other
France12.704 12.70% France
Netherlands6.805 6.80% Netherlands
Spain6.106 6.10% Spain
Denmark5.607 5.60% Denmark
Belgium5.008 5.00% Belgium
Italy4.209 4.20% Italy
Cash3.5010 3.50% Cash
Sweden3.2011 3.20% Sweden
Sector weightings, 30-Sep-2014
Financials25.101 25.10% Financials
Consumer Goods18.802 18.80% Consumer Goods
Health Care16.103 16.10% Health Care
Industrials11.404 11.40% Industrials
Basic Materials6.105 6.10% Basic Materials
Consumer Services5.306 5.30% Consumer Services
Technology4.307 4.30% Technology
Oil & Gas3.508 3.50% Oil & Gas
Cash3.509 3.50% Cash
Utilities3.3010 3.30% Utilities
Telecommunications2.6011 2.60% Telecommunications

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.

Sign up for email alerts
Stay upto date on the latest fund research from FE
subscribe Readers of this page also looked at:
alter Artemis Strategic Bond
alter Stan Life Inv Gbl Rl Est
alter Kames Sterling Corp Bond
alter L&G UK Alpha
Add your comment
Reload Change mode
Enter the words above:
Send comment
Be the first to comment on this Factsheet.

Investment options

pdf View & print PDF Factsheet
mail Email factsheet to a friend
life Click here for Lazard European Alpha life wrappers
pension Click here for Lazard European Alpha pension wrappers


Latest Fundswire  

Buy this fund here

You can now buy & sell funds and shares at our new sister-site at highly competitive rates

Asset allocation

German Equities, 21.50%
21.5000% ofGerman Equities
Swiss Equities, 15.80%
15.8000% ofSwiss Equities
International Equities, 15.60%
15.6000% ofInternational Equities
French Equities, 12.70%
12.7000% ofFrench Equities
Dutch Equities, 6.80%
6.8000% ofDutch Equities
Spanish Equities, 6.10%
6.1000% ofSpanish Equities
Danish Equities, 5.60%
5.6000% ofDanish Equities
Belgian Equities, 5.00%
5.0000% ofBelgian Equities
Italian Equities, 4.20%
4.2000% ofItalian Equities
Money Market, 3.50%
3.5000% ofMoney Market
Swedish Equities, 3.20%
3.2000% ofSwedish Equities

FE Adviser Fund Index

Sector analysis


FE Trustnet portfolio

register   login
Register      Login
Use the plus sign add to portfolio on the left to add this fund to your portfolio