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INVESTOR PROFILE

Key Facts

ISIN IE00B5WN3467

NAV: 47.87 EUR

NAV DATE: 18-Jul-2024

YTD PERF: 7.8%

YTD PERF. DATE: 30-Jun-2024

Total Net Assets (all classes, m) 6,440.8 EUR

Number of holdings 35

Weight of top 10 stocks 48.9%

Share Class Currency EUR

SFDR Article 8

Key Documents View all documents

Monthly Report
Quarterly Report
Prospectus
PRIIPS Key Information Document

RISK INDICATOR

Lower Risk Higher Risk

1 2 3 4 5 6 7

This indicator represents the Fund’s risk level set out in the Key Information Document. It is not guaranteed and may change during the month.

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 securities issued by companies that have their headquarters in, or principally carry out their activities in Europe or which are guaranteed by European governments.
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 30-Jun-2024

CUMULATIVE PAST PERFORMANCE

Cumulative returns shown are monthly returns calculated on the last business day of each month.

Index: MSCI Europe - 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 2012. Past performance has been calculated in EUR.

 

Rolling Net (%)

Annualised
QTD YTD 1Y 3Y 5Y 10Y Inception
Fund -3.6 7.8 10.4 7.6 12.0 10.9 12.4
Index 1.3 9.1 13.6 7.4 8.4 6.7 8.6

Rolling Volatility (%)

Annualised
1Y 3Y 5Y 10Y
Fund 14.3 16.9 18.0 15.9
Index 11.1 13.7 17.8 16.3

Calendar Year Past Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.3 16.8 -2.2 13.4 -4.5 34.6 11.3 35.4 -20.2 23.8
Index 6.8 8.2 2.6 10.2 -10.6 26.0 -3.3 25.1 -9.5 15.8

Annual Performance (%) As At Quarter End

Q2 2019
-Q2 2020
Q2 2020
-Q2 2021
Q2 2021
-Q2 2022
Q2 2022
-Q2 2023
Q2 2023
-Q2 2024
Fund 10.0 28.8 -9.3 24.5 10.4
Index -5.5 27.9 -6.5 16.7 13.7

Index: MSCI Europe - 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 (%)
Novo Nordisk B 9.3
ASML Holding 9.1
EssilorLuxottica 5.0
Accenture A 3.9
Alcon 3.9

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
1 year performance scenario
Jul-2023 Aug-2023 Sep-2023 Oct-2023 Dec-2023 Jan-2024 Feb-2024 Mar-2024 Apr-2024 Jun-2024
Favourable performance scenario 47.8 % 47.8 % 47.8 % 47.8 % 47.8 % 47.8 % 47.8 % 47.8 % 47.8 % 47.8 %
Moderate performance scenario 9.3 % 9.4 % 9.4 % 9.9 % 10.2 % 10.6 % 10.6 % 10.6 % 10.6 % 10.4 %
Unfavourable performane scenario -20.2 % -20.2 % -20.2 % -20.2 % -20.2 % -20.2 % -20.2 % -20.2 % -20.2 % -20.2 %
Stressed performance scenario -68.1 % -68.1 % -68.0 % -68.0 % -68.1 % -68.1 % -68.0 % -68.0 % -68.0 % -68.0 %
5 year performance scenario
Jul-2023 Aug-2023 Sep-2023 Oct-2023 Dec-2023 Jan-2024 Feb-2024 Mar-2024 Apr-2024 Jun-2024
Favourable performance scenario 17.0 % 17.0 % 17.0 % 17.0 % 17.0 % 17.0 % 17.0 % 17.0 % 17.0 % 17.0 %
This type of scenario occurred for an investment between the following years
Dec-2016
Dec-2021
Dec-2016
Dec-2021
Dec-2016
Dec-2021
Dec-2016
Dec-2021
Dec-2016
Dec-2021
Dec-2016
Dec-2021
Dec-2016
Dec-2021
Dec-2016
Dec-2021
Dec-2016
Dec-2021
Dec-2016
Dec-2021
Moderate performance scenario 10.1 % 10.1 % 10.0 % 10.0 % 10.1 % 10.2 % 10.2 % 10.5 % 10.6 % 10.7 %
This type of scenario occurred for an investment between the following years
Nov-2017
Nov-2022
Sep-2013
Sep-2018
Aug-2014
Aug-2019
Oct-2018
Oct-2023
Nov-2017
Nov-2022
Sep-2014
Sep-2019
Jul-2014
Jul-2019
Jan-2018
Jan-2023
Nov-2014
Nov-2019
Dec-2014
Dec-2019
Unfavourable performane scenario -0.7 % -1.3 % -2.5 % -2.9 % -0.2 % 0.4 % 1.5 % 2.0 % 0.9 % 1.3 %
This type of scenario occurred for an investment between the following years
Dec-2021
Jul-2023
Dec-2021
Aug-2023
Dec-2021
Sep-2023
Dec-2021
Oct-2023
Dec-2021
Dec-2023
Dec-2021
Jan-2024
Dec-2021
Feb-2024
Dec-2021
Mar-2024
Dec-2021
Apr-2024
Dec-2021
Jun-2024
Stressed performance scenario -21.5 % -21.5 % -21.5 % -21.5 % -21.5 % -21.5 % -21.5 % -21.5 % -21.5 % -21.5 %

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.

Alistair Wittet joined Comgest in 2012 and is an Analyst and Portfolio Manager specialising in European equities. He is also a member of the Comgest Group's Investment Committee.

Alistair co-leads Comgest’s Pan Europe and Europe ex UK strategies. He started his career in 2006 as an Analyst at Standard Life Investments in Edinburgh. He went on to join Citigroup’s London office in 2009, specialising in the pan‐European food retail sector as an Equity Analyst.

A British and French national, Alistair is a Geography graduate from Durham University and a CFA® charterholder.

Pierre Lamelin joined Comgest in 2012 and is an Analyst and Portfolio Manager specialising in European equities. He is also a member of the Comgest Group’s Sustainability Committee.

He co-leads the management of several Pan European strategies and contributes widely to the European team’s research coverage for a diverse selection of quality growth stocks across multiple sectors. Pierre started his career in 2004 as an Equity Analyst at Crédit Agricole Cheuvreux where he spent seven years covering the European luxury goods and cosmetics sectors.

He holds a Master’s degree in Finance from Sciences Po (Institut d’Etudes Politiques) in Paris and is a CIIA holder (Certified International Investment Analyst).

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
Share Class COMGEST GROWTH EUROPE EUR I ACC
ISIN Code IE00B5WN3467
Bloomberg Code COMEEIA ID
Sedol Code Null
Share Class Currency EUR
Fund Base Currency EUR
Share Class Distribution Policy Accumulation
Hedged No
UCITS Yes
Share Class Inception Date 04-Jan-2012
Fund Domicile IRELAND
Investment Management Fee 1.00%
Ongoing charges 1.06%
Maximum entry fee 0.00%
Morningstar Rating


31-May-2024


Morningstar Category: EAA Fund Europe Large-Cap Growth Equity


Number of Funds in Category: 494

The Morningstar Rating™ is an objective, quantitative measure of a fund's historical risk-adjusted performance relative to other funds in its category. The overall rating is a weighted combination of the three-, five- and ten-year ratings. The top 10% of funds will receive a 5-star rating and the next 22.5% receive a 4-star rating.

©2024 Morningstar, Inc.

All rights reserved. Ratings and awards mentioned in this document can change at any time and do not constitute a buy recommendation.

 

Morningstar Medalist Rating
20-Sep-2023

Morningstar Medalist Rating™ is a forward-looking measure derived through research of three key pillars, People, Process, and Parent. It is expressed on a five-tier scale running from Gold to Negative. The Medalist Rating is not a statement of fact, nor is it a credit or risk rating, and should not be used as the sole basis for investment decisions. It is not intended to be nor is a guarantee of future performance.

  • Monthly Report
  • Quarterly Report
  • Semi-annual Report
  • Annual Report
  • Prospectus
  • PRIIPS Key Information Document
  • Integration of Sustainability Risks
  • Shareholder Notification
  • PAI Statement
  • Remuneration Policy
  • Sustainability Related Disclosures
  • Complaints Handling
Comgest

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