Category: Open Ended Investment Company
The Fund’s investment objective is to achieve long-term capital growth. The Fund will invest in the equity securities of companies domiciled or exercising the predominant part of their economic activities in Europe, excluding the UK. The Fund will normally aim to have at least 85% of its assets in such securities and at no time will it have less than two-thirds of its total assets in such securities. The Fund may invest up to 15% of its total assets in the equity securities of companies domiciled outside Europe. The Fund promotes environmental and social characteristics throughout the investment decision making process, including by applying binding criteria to the selection of underlying assets. Performance of the Fund may be measured against the MSCI Europe ex UK NR Index (net dividends reinvested) (the “Index”). The Index is used as a target benchmark for the Fund as the Performance Fee for the Fund is payable when the performance of the Fund exceeds that of the Index. The use of the Index does not limit the investment decisions of the fund manager so the shareholdings of the Fund may differ significantly from those of the Index. The Index is used as it captures large and mid cap representation across 14 Developed Markets countries in Europe. With 343 constituents, the Index covers approximately 85% of the free float-adjusted market capitalization across European Developed Markets excluding the UK. The Fund is actively managed which means that the fund manager uses their expertise to pick investments to achieve the objective of the Fund. Any income the Fund generates for this share class will be reinvested annually to grow the value of your investment unless you elect for a cash dividend. You can buy and sell shares in the Fund on any day which is a working day in Dublin. Instructions received before 12:00 noon will be processed that day . Instructions received after 12:00 noon will be processed at 12:00 noon on the following working day . Recommendation: The Fund may not be suitable for those investors who plan to withdraw their money within five years. The mid-day index is a customised variant designed and maintained by MSCI, for alignment with this Fund’s mid-day valuation point.