SICAV
Continental European Equity Fund
Style-agnostic, quality-driven European equity investment.
ISIN LU0285832068
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FACTSHEET
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FUND PROFILE
COMMENTARY

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Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7
NAV
(EUR)
€17.24
1YR Return
(Annualised)
9.18%
Fund Size
(EUR)
€111.6m
Perf Change
(Daily)
0.12%
3YR Return
(Annualised)
10.63%

Overview
Strategy
Fund Summary
Long-term capital growth from a diversified portfolio of high-quality European (ex UK) companies.
SMALL-CAP
MID-CAP
LARGE-CAP

51
Holdings

Style
Agnostic
Risk & Reward Data
Information Ratio
0.46
Sharpe Ratio
0.24
Historical Tracking Error
3.63%
01 June 2015

Fund Name Changed

On 1 June 2015 the fund's name changed from European Ex-UK Equity Fund to Continental European Equity Fund.

01 June 2015

Fund Name Changed

On 1 June 2015 the fund's name changed from European Ex-UK Equity Fund to Continental European Equity Fund.

Performance - Net of Fees
Current Year Performance
MTD
0.64%
Benchmark*
1.11%
Excess Return

-0.47%
QTD
0.64%
Benchmark*
1.11%
Excess Return

-0.47%
YTD
20.39%
Benchmark*
18.37%
Excess Return

2.02%
Data as of 16-Jul-2019
1 Month
6.07%
Benchmark*
5.09%
Excess Return

0.98%
3 Months
6.66%
Benchmark*
4.21%
Excess Return

2.45%
Data as of 30-Jun-2019
 
Annualised Performance
1 YR
9.18%
Benchmark*
5.82%
Excess Return

3.36%
3 YR
10.63%
Benchmark*
9.08%
Excess Return

1.55%
5 YR
7.43%
Benchmark*
5.76%
Excess Return

1.67%
10 YR
11.83%
Benchmark*
9.21%
Excess Return

2.62%
Manager Inception
11.72%
Benchmark*
8.98%
Excess Return

2.74%
Data as of 30-Jun-2019
Indicative Benchmark : FTSE Developed Europe ex United Kingdom Index Net
Fund Inception: 26-Feb-2007
Manager Inception: 06-May-2009

* The index shown is not a formal benchmark. It is shown only for comparison purposes.

Holdings
Total
Holdings
51
Largest
Roche Holding
5.76%
Was ( 31-Mar-2019 )

6.24%
Top 10
33.06%
Contributor
Nestle
By 1.21%
% of fund
4.39%
Detractor
Dassault Aviation
By -0.20%
% of fund
2.06%
Purchase
EssilorLuxottica (N)
2.51%
Was ( 31-Mar-2019 )
0.00%
Sale
BNP Paribas
1.24%
Was ( 31-Mar-2019 )
2.83%
Data as of 30-Jun-2019
Sectors
Total
Sectors
11
Largest
Health Care
15.58%
Was ( 31-May-2019 )
15.45%
Contributor
Health Care
By 0.63%
Sector
0.02%
Selection
0.61%
Detractor
Information Technology
By -0.09%
Sector
-0.19%
Selection
0.10%
Data as of 30-Jun-2019
Over
Communication Services
By 3.90%
Fund
8.59%
Benchmark*
4.69%
Under
Consumer Staples
By -7.48%
Fund
5.64%
Benchmark*
13.12%
Data as of 30-Jun-2019
Data as of 30-Jun-2019
Indicative Benchmark: FTSE All World Developed Europe ex United Kingdom Index

* The index shown is not a formal benchmark. It is shown only for comparison purposes.

Regions
Data as of
Countries
Total
Countries
13
Largest
France
21.36%
Was ( 31-May-2019 )
19.87%
Contributor
Sweden
By 0.80%
Country
-0.02%
Selection
0.82%
Detractor
Switzerland
By -0.33%
Country
-0.02%
Selection
-0.31%
Data as of 30-Jun-2019
Over
Spain
By 3.11%
Fund
9.67%
Benchmark*
6.56%
Under
Germany
By -7.61%
Fund
11.54%
Benchmark*
19.14%
Data as of 30-Jun-2019
Data as of 30-Jun-2019
Indicative Benchmark: FTSE All World Developed Europe ex United Kingdom Index

* The index shown is not a formal benchmark. It is shown only for comparison purposes.


Team
Dean Tenerelli,
Portfolio Manager
Dean Tenerelli is portfolio manager in the Equity Division. He manages the Europe Equity Strategy, a position he has held since October 2005, and is chairman of its Investment Advisory Committee.
Portfolio Manager since
2009
Years at
T. Rowe Price
17
Years investment experience
26
Andrew Clifton,
Portfolio Specialist
Andrew Clifton is a portfolio specialist in the Equity Division at T. Rowe Price.
Years at
T. Rowe Price
7
Years investment experience
28
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1

Indicative Benchmark Data Source: FTSE

Source for performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested, if any. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. It will be affected by changes in the exchange rate between the base currency of the fund and the subscription currency, if different. Sales charges (up to a maximum of 5% for the A Class), taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures. Past performance is not a reliable indicator of future performance.

Daily performance data is based on the latest available NAV.  

The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents in English and in an official language of the jurisdictions in which the Funds are registered for public sale, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors and via www.troweprice.com.

Please note that the Fund typically has a risk of high volatility.

Hedged share classes (denoted by 'h') utilise investment techniques to mitigate currency risk between the underlying investment currency(ies) of the fund and the currency of the hedged share class.  The costs of doing so will be borne by the share class and there is no guarantee that such hedging will be effective.

The specific securities identified and described in this website do not represent all of the securities purchased, sold, or recommended for the sub-fund and no assumptions should be made that the securities identified and discussed were or will be profitable.

Attribution Data: Analysis represents the total performance of the portfolio as calculated by the FactSet attribution model and is inclusive of other assets that that will not receive a classification assignment in the detailed structure shown. Returns will not match official T. Rowe Price performance because FactSet uses different exchange rate sources and does not capture intra-day trading. Performance for each security is obtained in the local currency and, if necessary, is converted to U.S. dollars using an exchange rate determined by an independent third party. Figures are shown with gross dividends reinvested.

Sources: Copyright © 2018 FactSet Research Systems Inc. All rights reserved. MSCI/S&P GICS Sectors; Analysis by T. Rowe Price Associates, Inc. T. Rowe Price uses the MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. Each year, MSCI and S&P make changes to the GICS structure. The last change occurred on September 28, 2018. T. Rowe Price will adhere to all future updates to GICS for prospective reporting.

A full list of the currently issued Share Classes including Distributing, Hedged, and Accumulating Categories may be obtained, free of charge and upon request, from the registered office of the Company.  

1 Please note that the Ongoing Charges figure is inclusive of the Investment Management Fee and is charged per annum.

The Morningstar rating is sourced from Morningstar.

©2019 Morningstar, Inc.  All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Citywire - where the Fund manager is rated by Citywire the rating is based on the manager's 3 year risk adjusted performance.