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INVESTOR PROFILE

Key Facts

ISIN IE00BHWQNP08

NAV: 37.92 EUR

NAV DATE: 18-Jul-2024

YTD PERF: -1.5%

YTD PERF. DATE: 30-Jun-2024

Total Net Assets (all classes, m) 469.2 EUR

Number of holdings 34

Weight of top 10 stocks 46.4%

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 primarily through investment in a portfolio of high-quality, long-term growth mid and small-cap companies headquartered or carrying out their predominant activities in European Union member states or in the UK.
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 Mid Cap - 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 2014. Past performance has been calculated in EUR.

 

Rolling Net (%)

Annualised
QTD YTD 1Y 3Y 5Y 10Y Inception
Fund -3.0 -1.5 -4.6 -9.7 1.5 7.8 7.7
Index 0.6 5.4 12.1 1.1 6.5 6.5 6.6

Rolling Volatility (%)

Annualised
1Y 3Y 5Y 10Y
Fund 15.6 20.2 20.8 18.2
Index 12.8 15.8 19.7 17.3

Calendar Year Past Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 31.6 -3.8 27.1 -5.4 39.0 20.4 19.9 -37.8 9.9
Index - 15.1 0.8 14.4 -13.2 30.0 4.2 21.6 -19.3 14.2

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 14.5 27.8 -28.1 7.4 -4.6
Index -2.5 36.2 -16.5 10.3 12.1

Index: MSCI Europe Mid Cap - 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 (%)
Amplifon 6.0
Davide Campari-Milano 5.1
Halma 4.9
VAT Group 4.8
Scout24 4.7

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 45.4 % 45.4 % 45.4 % 45.4 % 45.4 % 45.4 % 45.4 % 45.4 % 45.4 % 45.4 %
Moderate performance scenario 14.0 % 14.0 % 14.0 % 14.0 % 14.0 % 14.0 % 13.4 % 12.9 % 11.9 % 10.5 %
Unfavourable performane scenario -40.0 % -40.0 % -40.0 % -40.0 % -40.0 % -40.0 % -40.0 % -40.0 % -40.0 % -40.0 %
Stressed performance scenario -71.4 % -71.4 % -71.3 % -71.4 % -71.4 % -71.4 % -71.3 % -71.3 % -71.3 % -71.3 %
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 19.4 % 19.4 % 19.4 % 19.4 % 19.4 % 19.4 % 19.4 % 19.4 % 19.4 % 19.4 %
This type of scenario occurred for an investment between the following years
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Moderate performance scenario 13.6 % 13.4 % 13.1 % 13.0 % 13.0 % 13.0 % 12.7 % 12.5 % 12.2 % 12.0 %
This type of scenario occurred for an investment between the following years
May-2014
May-2019
Nov-2015
Nov-2020
Feb-2014
Feb-2019
Feb-2017
Feb-2022
Jan-2014
Jan-2019
Jan-2014
Jan-2019
Jun-2015
Jun-2020
Oct-2015
Oct-2020
May-2015
May-2020
Mar-2017
Mar-2022
Unfavourable performane scenario -6.8 % -7.6 % -8.7 % -10.1 % -7.3 % -7.6 % -7.3 % -7.0 % -7.8 % -7.6 %
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 -24.2 % -24.2 % -24.2 % -24.2 % -24.2 % -24.2 % -24.2 % -24.2 % -24.2 % -24.2 %

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

Eva Fornadi joined Comgest in 2005 and is an Analyst and Portfolio Manager specialising in European equities. She is also a non-executive member of the Board of Partners.

She co-leads the Europe Smaller Companies and Europe Opportunities strategies.

Eva graduated with a Bachelor of Arts with Honours in Business Studies issued by the Oxford Brookes University in the UK and a BA in Business Studies at the International Business School in Budapest, Hungary.

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.

William Bohn joined Comgest in 2019 as an Analyst and Portfolio Manager specialising in European equities.

William contributes to idea generation, researching quality-growth companies within a broad range of sectors. Prior to joining the firm, William undertook internships at Comgest, Alphavalue (European Independent Equity Research) and The Rock Creek Group (Global Asset Management Firm) during his year abroad in Washington D.C.

William graduated top of his class at Sciences Po Strasbourg with a Master’s degree in Law, Economics, and Finance and also holds a Master’s degree in Corporate Finance from ESSEC Business School and 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 SMALLER COMPANIES
Share Class COMGEST GROWTH EUROPE SMALLER COMPANIES EUR I ACC
ISIN Code IE00BHWQNP08
Bloomberg Code COMGMEI 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 03-Mar-2014
Fund Domicile IRELAND
Investment Management Fee 1.00%
Ongoing charges 1.08%
Maximum entry fee 0.00%
Morningstar Medalist Rating
28-Mar-2024

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.

©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.

 

  • 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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