OEIC
Continental European Equity Fund
Style-agnostic, quality-driven European equity investment.
ISIN GB00BD3RT239
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 31-Jan-2020
NAV
(GBP)
£14.05
Data as of: 14-Feb-2020

1YR Return
17.55%
IA Sector ranking: 30/117
Data as of: 31-Jan-2020
Fund Size
(GBP)
£2.9m
Data as of: 31-Jan-2020
Perf Change
(Daily)
0.20%
Data as of: 14-Feb-2020
3YR Return
(Cumulative)
31.61%
IA Sector ranking: 20/109
Data as of: 31-Jan-2020

This fund's strategy is also available as a SICAV
Overview
Strategy
Fund Summary
Long-term capital growth from a diversified portfolio of high-quality European (ex UK) companies.
Investment Association Sector:
Europe Excluding UK
SMALL-CAP
MID-CAP
LARGE-CAP

53
Holdings

Style
Agnostic
Risk & Reward Data
Information Ratio
0.94
Sharpe Ratio
0.92
Historical Tracking Error
2.77%
Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund -0.92% 17.55% 31.61% N/A 35.81%
IA Sector Ranking 41/122 30/117 20/109 N/A N/A
IA Sector -1.54% 14.19% 20.44% N/A 26.50%
Excess Return 0.62% 3.36% 11.17% N/A 9.31%
Indicative Benchmark -1.56% 14.11% 22.48% N/A 29.43%
Excess Return 0.64% 3.44% 9.13% N/A 6.38%

Data as of 31-Jan-2020

Holdings
Total
Holdings
53
Largest
Roche Holding
6.38%
Was ( 30-Sep-2019 )

6.17%
Top 10
33.92%
Contributor
Roche Holding
By 3.17%
% of fund
6.28%
Detractor
Nestle
By -2.53%
% of fund
4.33%
Purchase
Cia De Distribucion Integral Logista (N)
1.76%
Was ( 30-Sep-2019 )
0.00%
Sale
EssilorLuxottica
1.20%
Was ( 30-Sep-2019 )
2.85%
Data as of 31-Dec-2019
Sectors
Total
Sectors
11
Largest
Industrials & Business Services
16.76%
Was ( 31-Dec-2019 )
16.38%
Contributor
Electrical Components & Equipment
By 0.29%
Sector
0.29%
Selection
0.00%
Detractor
Packaged Foods & Meats
By -0.35%
Sector
-0.35%
Selection
0.00%
Data as of 31-Dec-2019
Over
Materials
By 3.28%
Fund
9.46%
Benchmark*
6.19%
Under
Consumer Staples
By -8.01%
Fund
4.48%
Benchmark*
12.50%
Data as of 31-Jan-2020
Data as of 31-Jan-2020
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
19.59%
Was ( 31-Dec-2019 )
20.15%
Contributor
N/A
By N/A
Country
N/A
Selection
N/A
Detractor
N/A
By N/A
Country
N/A
Selection
N/A
Data as of 31-Dec-2019
Over
Italy
By 5.47%
Fund
10.97%
Benchmark*
5.49%
Under
Germany
By -7.32%
Fund
11.38%
Benchmark*
18.70%
Data as of 31-Jan-2020
Data as of 31-Jan-2020
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
19
Years investment experience
28
Andrew Clifton,
Portfolio Specialist
Andrew Clifton is a portfolio specialist in the Equity Division at T. Rowe Price.
Years at
T. Rowe Price
9
Years investment experience
30
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Management Charge Ongoing Charge1
Class C GBP10,000 GBP500 N/A Up to 0.65% 0.82%

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, 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. 

Benchmark: Investors may use the benchmark to compare the fund’s performance. The benchmark has been selected because it is similar to the investment universe used by the investment manager and therefore acts as an appropriate comparator. The investment manager is not constrained by any country, sector and/or individual security weightings relative to the benchmark and has complete freedom to invest in securities that do not form part of the benchmark.

IA Sector: Many UK funds are grouped into sectors by the Investment Association (the “IA”) (the trade body that represents UK investment managers), to help investors to compare funds with broadly similar characteristics. Investors may compare the fund against the performance of the Europe Excluding UK sector. This sector represents the average performance of certain funds that invest at least 80% of their assets in European shares and exclude UK securities. It can therefore serve as a method of comparing the fund’s performance with other funds that have broadly similar characteristics. The fund is not constrained to or managed in line with this sector. Source for IA Sector Data: © Morningstar. All Rights Reserved.

Daily performance data is based on the latest available NAV.  

The Funds are sub-funds of the T. Rowe Price Funds OEIC, an investment company with variable capital incorporated in England and Wales which is registered with the UK Financial Conduct Authority 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.

The specific securities identified and described in this report do not represent all of the securities purchased, sold, or recommended for the OEIC 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 © 2020 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 Management Charge and is charged per annum.

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