Morningstar Fund Report  | 02/04/2025Print

Guinness European Equity Income C EUR Accumulation

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
Guinness European Equity Income C EUR Accumulation
Fund16.2-5.215.93.86.8
+/-Cat0.83.52.42.8-1.9
+/-B’mrk-1.02.30.91.8-4.1
 
Category: Europe ex-UK Equity
Category Benchmark: Morningstar DM Eur xUK TME ...
Key Stats
NAV
31/03/2025		 EUR 21.51
Day Change -1.31%
Morningstar Category™ Europe ex-UK Equity
ISIN IE00BGHQDW50
Fund Size (Mil)
31/03/2025		 USD 61.30
Share Class Size (Mil)
31/03/2025		 EUR 1.10
Max Initial Charge 5.00%
Ongoing Charge
15/03/2024		  1.99%
Investment Objective: Guinness European Equity Income C EUR Accumulation
The investment objective of the Fund is to provide investors with both income and long-term capital appreciation.
Returns
Trailing Returns (GBP)31/03/2025
YTD5.04
3 Years Annualised7.85
5 Years Annualised12.78
10 Years Annualised7.23
12 Month Yield 0.00
Management
Manager Name
Start Date
Will James
15/01/2024
Nick Edwards
30/09/2020
Inception Date
20/12/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe Ex UK NR USDMorningstar DM Eur xUK TME NR EUR
Portfolio Profile for  Guinness European Equity Income C EUR Accumulation28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.120.0098.12
Bond0.000.000.00
Property0.000.000.00
Cash1.880.001.88
Other0.000.000.00
Top 5 Regions%
Eurozone66.48
Europe - ex Euro30.05
United Kingdom3.48
United States0.00
Canada0.00
Top 5 Sectors%
Financial Services27.71
Industrials23.41
Consumer Defensive17.17
Healthcare13.50
Technology8.64
Top 5 HoldingsSector%
Banca GeneraliFinancial ServicesFinancial Services3.64
Euronext NVFinancial ServicesFinancial Services3.63
Konecranes OyjIndustrialsIndustrials3.62
Nestle SAConsumer DefensiveConsumer Defensive3.53
Royal Unibrew ASConsumer DefensiveConsumer Defensive3.46
Increase Decrease New since last portfolio
Guinness European Equity Income C EUR Accumulation
Growth Of 1000 (GBP) 28/02/2025
Fund:  Guinness European Equity Income C EUR Accumulation
Category:  Europe ex-UK Equity
Category Index:  Morningstar DM Eur xUK TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 201820192020202120222023202428/02
Price Return-9.6322.49-0.9016.21-5.2015.943.826.77
+/- Category2.133.23-10.270.793.542.412.82-1.86
+/- Category Index---8.81-1.022.270.951.81-4.08
% Rank in Category2522924924211582
Trailing Returns (GBP)31/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.31   0.79-2.47
1 Week-2.96   0.73-0.63
1 Month-1.62   1.710.06
3 Months5.04   0.11-3.94
6 Months0.41   0.11-4.24
YTD5.04   0.11-3.94
1 Year4.61   4.830.70
3 Years Annualised7.85   1.91-0.50
5 Years Annualised12.78   1.19-0.59
10 Years Annualised7.23   -0.02-0.39
 
Category: Europe ex-UK Equity
Category Index: Morningstar DM Eur xUK TME NR EUR
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20244.250.893.26-4.41
20238.090.06-0.677.91
2022-4.46-7.52-4.8312.74
20214.797.840.352.47
2020-24.3420.443.295.30
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearBelow AverageAbove Average2 star
10-YearAverageAverage3 star
OverallAverageAverage3 star
 
Category :  Europe ex-UK EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev12.21 %
3-Yr Mean Return10.23 %
 
3-Yr Sharpe Ratio0.48
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar DM Eur xUK TME NR EUR  MSCI Europe NR EUR
3-Yr Beta0.930.99
3-Yr Alpha0.24-0.11
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 26182-
Market Capitalisation% of Equity
Giant30.16
Large29.65
Medium31.13
Small9.05
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings16.001.01
Price/Book2.941.29
Price/Sales1.520.92
Price/Cash Flow13.001.14
Dividend-Yield Factor3.621.11
 
Long-Term Projected Earnings Growth8.250.81
Historical Earnings Growth7.190.96
Sales Growth3.420.95
Cash-Flow Growth7.112.31
Book-Value Growth2.690.48
 
Category: Europe ex-UK Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.120.0098.12
Bond0.000.000.00
Property0.000.000.00
Cash1.880.001.88
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.00-
United Kingdom3.482.24
Eurozone66.480.99
Europe - ex Euro30.051.03
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Europe ex-UK Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical3.200.32
Financial ServicesFinancial Services27.711.39
Consumer DefensiveConsumer Defensive17.172.65
HealthcareHealthcare13.500.95
Communication ServicesCommunication Services6.371.63
IndustrialsIndustrials23.411.12
TechnologyTechnology8.640.71
 
Category: Europe ex-UK Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings30
Total Number of Bond Holdings0
Assets in Top 10 Holdings34.81
NameSectorCountry% of Assets
Banca Generali103Italy3.64
Euronext NV103France3.63
Konecranes Oyj310Finland3.62
Nestle SA205Switzerland3.53
Royal Unibrew AS205Denmark3.46
Unilever PLC205United Kingdom3.41
Deutsche Post AG310Germany3.40
Deutsche Boerse AG103Germany3.38
Essilorluxottica206France3.38
Danone SA205France3.37
 
Increase Decrease New since last portfolio
Category: Europe ex-UK Equity
 
Management
Name of CompanyGuinness Asset Management Limited
Phone020 7222 5703
WebsiteGuinnessgi.com
Address18 Smith Square
 London   SW1P 3HZ
 United Kingdom
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date20/12/2013
Fund Advisor(s)
Guinness Asset Management Limited
Fund ManagerWill James
Manager Start Date15/01/2024
 
Biography
Will joined Guinness in 2023 and has been co-manager of the Guinness European Equity Income Strategy since January 2024. Prior to joining Guinness Will worked and managed similar products at Premier Miton, Adam investment Management and Standard Life. Will has a Masters degree in French and Business from Edinburgh University.
Fund ManagerNick Edwards
Manager Start Date30/09/2020
 
Biography
Nicholas joined Guinness Asset Management in 2018. Prior to joining Guinness Asset Management, Nicholas worked for Mirabaud since 2001, where he focused on European equities and global environmental equities. Nicholas latterly worked as a member of Mirabaud’s Strategy Team with a focus on the capital cycle, capital allocation, quality and incentives. Nicholas holds a Master’s degree in Finance from London Business School, and an MA from the University of Edinburgh.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*2.00%
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.99%
Purchase Details
Minimum Investments
Initial1000  EUR
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes