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Key Facts
ISIN IE00BQ1YBN20
NAV: 27.36 GBP
NAV DATE: 01-May-2025
YTD PERF: -1.7%
YTD PERF. DATE: 31-Mar-2025
Total Net Assets (all classes, m) 227.5 GBP
Number of holdings 35
Weight of top 10 stocks 45.9%
Share Class Currency GBP
SFDR Article 8
RISKS AND REWARDS
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This indicator represents the risk and reward profile presented in the Key Investor Information Document (KIID). See additional risk information in KIID. It is not guaranteed and may change during the month. The fund is aimed at investors with a long-term investment horizon.
Investment Policy
A Sub-Fund of Comgest Growth plc.
The objective of the Sub-Fund ("the Fund") is to increase the value of the Fund (capital appreciation) over the long term. The Fund intends to achieve this objective through investment in a portfolio of high-quality, long-term growth companies. The Fund will invest at least two-thirds of its assets in shares and preferred shares issued by companies that have their headquarters in, or principally carry out their activities in any European country with the exception of the United Kingdom.
The Fund is actively managed. The index is provided for comparative purposes only.
The Fund is aimed at investors with a long-term investment horizon (typically 5 years or more).
Main Risks
This fund has the following core inherent risks (non-exhaustive list):
• Investing involves risk including possible loss of principal,
• The value of all investments and the income derived therefrom can decrease as well as increase,
• There is no assurance that the investment objective of the fund will be achieved,
• When a Share Class is denominated in a currency that is different from yours, changes in exchange rates can negatively impact both the value of your investment and the level of income received.
A more detailed description of the risk factors that apply to the fund is set out in the Prospectus.
PERFORMANCE & HOLDINGS As of 31-Mar-2025
CUMULATIVE PAST PERFORMANCE
Cumulative returns shown are monthly returns calculated on the last business day of each month.
Index: MSCI Europe ex UK - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
Please note that performance is rebased to 100.
For additional information on the index and the fund’s inception date, please refer to the monthly report.
Calendar Past Performance
This chart shows the fund’s performance as the percentage loss or gain per year over the last 10 years compared to the index.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past and compare it to the index. For the avoidance of doubt, the fund is actively managed. The index performance is provided for comparative and information purposes only.
Performance is shown after the deduction of ongoing charges. Any applicable entry and exit charges are excluded from the calculation. This share class came into existence in 2016. Past performance has been calculated in GBP.
Rolling Net (%)
| Annualised | |||||||
|---|---|---|---|---|---|---|---|
| QTD | YTD | 1Y | 3Y | 5Y | 10Y | Inception | |
| Fund | -1.7 | -1.7 | -15.3 | 1.9 | 8.6 | - | 10.3 |
| Index | 7.4 | 7.4 | 2.5 | 7.8 | 12.0 | - | 9.5 |
Rolling Volatility (%)
| Annualised | ||||
|---|---|---|---|---|
| 1Y | 3Y | 5Y | 10Y | |
| Fund | 13.7 | 16.3 | 17.0 | - |
| Index | 11.8 | 13.3 | 15.6 | - |
Calendar Year Past Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | 17.6 | -1.2 | 28.1 | 18.5 | 26.0 | -17.3 | 21.2 | -5.6 |
| Index | - | - | 15.8 | -9.9 | 20.0 | 7.5 | 16.7 | -7.6 | 14.8 | 1.9 |
Annual Performance (%) As At Quarter End
| Q1 2020 -Q1 2021 |
Q1 2021 -Q1 2022 |
Q1 2022 -Q1 2023 |
Q1 2023 -Q1 2024 |
Q1 2024 -Q1 2025 |
|
|---|---|---|---|---|---|
| Fund | 28.5 | 10.9 | 6.5 | 17.4 | -15.3 |
| Index | 33.5 | 5.5 | 8.6 | 12.7 | 2.5 |
Index: MSCI Europe ex UK - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
For additional information on the index and the fund’s inception date, please refer to the monthly report.
Past performance does not predict future returns.
Performance figures are calculated net of investment management fees, administrative fees and all other fees with the exception of sales charges. If taken into account, sales charges would have a negative impact on performance.
TOP 5 HOLDINGS
| Company Name | Weight (%) |
|---|---|
| ASML Holding | 5.5 |
| Alcon | 5.2 |
| Schneider Electric | 4.8 |
| Amadeus IT Group A | 4.8 |
| EssilorLuxottica | 4.8 |
The above equity exposures are provided for information only, are subject to change and are not a recommendation to buy or sell the securities.
Past performance does not predict future returns.
Breakdowns based on Comgest data, GICS sector and MSCI country classifications.
Past performance does not predict future returns.
1Y
5Y
| Jun-2024 | Aug-2024 | Sep-2024 | Oct-2024 | Nov-2024 | Jan-2025 | Feb-2025 | Mar-2025 | |
|---|---|---|---|---|---|---|---|---|
| Favourable performance scenario | 37.8% | 37.8% | 37.8% | 37.8% | 37.8% | 37.8% | 37.8% | 37.8% |
| Moderate performance scenario | 12.8% | 12.8% | 13.0% | 13.0% | 13.0% | 13.0% | 13.0% | 13.0% |
| Unfavourable performane scenario | -18.8% | -18.8% | -18.8% | -18.8% | -18.8% | -18.8% | -18.8% | -18.8% |
| Stressed performance scenario | -64.6% | -64.6% | -64.6% | -64.6% | -64.6% | -64.6% | -59.8% | -58.1% |
| Jun-2024 | Aug-2024 | Sep-2024 | Oct-2024 | Nov-2024 | Jan-2025 | Feb-2025 | Mar-2025 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Favourable performance scenario | 17.4% | 17.4% | 17.4% | 17.4% | 17.4% | 17.4% | 17.4% | 17.4% | ||||||||||||||||
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| Moderate performance scenario | 12.8% | 12.8% | 12.8% | 12.5% | 12.4% | 12.2% | 11.9% | 11.6% | ||||||||||||||||
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| Unfavourable performane scenario | 0.7% | 0.8% | 0.3% | -0.5% | -0.9% | 0.0% | -1.2% | -3.3% | ||||||||||||||||
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| Stressed performance scenario | -22.0% | -22.0% | -22.0% | -22.0% | -22.0% | -21.0% | -20.5% | -19.9% |
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product and/or, in case of insufficient track record, a comparable share class or benchmark, over the last 10 years. The scenarios shown are illustrations based on results from the past and on certain assumptions.
The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the product. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The stress scenario shows what you might get back in extreme market circumstances.
INVESTMENT TEAM
VIEW FULL TEAM
Franz Weis joined Comgest in 2005 and is a Portfolio Manager specialising in European equities. In addition to being the Group’s Chief Investment Officer (CIO), he is also a Managing Director and a member of the Executive Committee.
Franz leads the firm's European research efforts and co-leads the management of the majority of Comgest’s European equity strategies. In his role as CIO, Franz oversees the firm’s investment teams and chairs the Investment Committee, which is responsible for applying Comgest’s philosophy on successful long-term investing. He started his career in 1990 at Baillie Gifford & Co. where he worked as a Portfolio Manager before joining F&C Asset Management as a Senior Portfolio Manager and Director of European Equities in 1996.
Franz graduated from Heriot-Watt University (Scotland) with a Master’s degree in International Banking and Financial Studies and received the International Bankers in Scotland Prize in 1990.
James Hanford joined Comgest in 2018 and is an Analyst and Portfolio Manager specialising in European equities.
James contributes widely to the investment team’s research coverage for a diverse selection of pan-European quality growth stocks. He started his career in 2011 as an Analyst at Credit Suisse and prior to joining Comgest spent four years as a global generalist at Capital Group.
He obtained his Bachelor’s degree in Economics from the University of Durham where he graduated top of his class and holds a Master’s degree in Finance from the University of Cambridge. He is also a CFA® charterholder.
Denis Callioni joined Comgest in 2015 and is an Analyst and Portfolio Manager specialising in European equities.
She co-leads the Europe Smaller Companies and Europe Opportunities strategies, contributes to idea generation and researches European companies within a broad range of sectors. Denis started her career in 2010 as an equity Analyst at Kempen & Co Merchant bank in Amsterdam.
She holds a Master’s degree in Corporate Finance and Banking from Duisenberg School of Finance (the Netherlands) as well as a Master’s degree in Business and Economics obtained from the University of Amsterdam. Denis is a CFA® charterholder.
Investment Team listed above may include advisors from affiliates within the Comgest group.
Details
| Investment Manager | COMGEST ASSET MANAGEMENT INTERNATIONAL LIMITED |
|---|---|
| Sub Investment Manager | Comgest S.A. |
| Management company | None / Comgest Growth plc is self-managed |
| Fund Name | COMGEST GROWTH EUROPE EX UK |
| Share Class | COMGEST GROWTH EUROPE EX UK GBP U ACC |
| ISIN Code | IE00BQ1YBN20 |
| Bloomberg Code | CGEXGZA ID |
| Share Class Currency | GBP |
| Fund Base Currency | GBP |
| Share Class Distribution Policy | Accumulation |
|---|---|
| Hedged | No |
| UCITS | Yes |
| Share Class Inception Date | 15-Jan-2016 |
| Fund Domicile | IRELAND |
| Investment Management Fee | 1.00% |
| Ongoing charges | 1.13% |
| Maximum entry fee | 0.00% |
