ES AllianceBernstein Concentrated Global Equity Fund

 

Strategy

Seeks long-term capital growth by:

  • Investing in a concentrated portfolio of growth companies with strong fundamentals located around the world trading at attractive valuations.
  • Emphasizing businesses with a strong track record and sustainable growth trajectories to reduce volatility.
  • Employing rigorous bottom-up research to selectively invest in high-conviction ideas while managing risk.

The value of investments and the income from them will vary. Your capital is at risk.

Management Team

Fund stats

FUND DETAILS
Portfolio Inception Date 09/03/2020
Base Currency GBP
Subscription and Redemption Daily 12:00:00 cut off
Fund Type OEIC
Domicile UK
Perfomance Comparator* MSCI World Index
IMA Sector Global
Morningstar Category Global Large-Cap Growth Equity

Copyright © 2023 Morningstar, Inc. All rights reserved.

*The Fund is not managed to target or exceed the performance of any specific benchmark, nor are investment decisions constrained by any benchmark. However, investors can assess the performance of the Fund against the Performance Comparator shown.

SHARE CLASS DETAIL - CLASS I (Acc)
Share Class Inception Date 09/03/2020
Shareclass Currency GBP
Min. Investment GBP 1K
ISIN GB00BL4SF234
Bloomberg ESCGEAI LN

Fees & Expenses

SHARE CLASS DETAIL - CLASS I
Investment Management Fee 0.75%
Ongoing Charges Figure 0.85%

Charges for other share classes can vary from the figures shown.  Please refer to the Prospectus and Key Investor Information Document (KIID) for details.

The ongoing charges figure is based on an estimate of the expenses at launch. Ongoing charges may vary from year to year. The ongoing charges figure includes any portfolio transaction costs which the Fund pays to its service providers (e.g. to the Fund's custodian) and any entry/exit charges the Fund pays when buying/selling units in another fund. In general, however, the figure excludes other portfolio transaction costs.

Risks

IMPORTANT INFORMATION

The value of investment and the income from them can vary.  Your capital is at risk.  Past performance does not guarantee future results.

Investment in the Fund entails certain risks. The investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Dividends are not paid for all share classes and are not guaranteed. The Fund is meant as a vehicle for diversification and does not represent a complete investment program. Prospective investors should read the Prospectus carefully and discuss risks and the Fund’s fees and charges with their financial advisor to determine if the investment is appropriate for them.

Some of the principal risks of investing in the Fund include:

  • Concentration Risk: The sub-fund will normally be invested in a diversified fund of securities however, there may be occasions when market conditions dictate that the Sub-Fund may invest in a relatively small number of securities (subject to the concentration limits set out in Appendix 2 of the prospectus), which may result in fund concentration in sectors, countries, or other groupings. These potential concentration mean a loss arising in a single investment may cause proportionately greater loss in the Sub-Fund than is a larger number of investments were made.
  • Counterparty and Custody Risk: An entity with which a Sub-Fund trades or does business, such as temporary or long-term custody of Sub-Fund assets, could be insolvent, unwilling, or unable to meet its obligations to the Sub-Fund resulting in payments owned to a Sub-Fund being delayed, reduced or eliminated.
  • Country Risk: In certain countries, there are risks associated with custody and counterparties that are higher than in developed countries.
  • Currency Risk: To the extent that the Sub-Fund holds assets that are denominated in currencies other than the base currency, any changes in currency exchange rates could reduce investment gains or income, or increase investment losses, in some case significantly.
  • Derivatives Risk: The Fund may include financial derivative instruments. These may be used to obtain, increase or reduce exposure to underlying assets and may create gearing; their use may result in greater fluctuations of the net asset value.
  • Equity Securities Risk: The value of equity investments may fluctuate in response to the activities and results of individual companies or because of market and economic conditions. These investments may decline over short- or long-term periods.
  • Illiquid or Restricted Securities Risk: Certain securities may be hard to value or sell at a particular time due to market illiquidity or restrictions on their resale. This may include securities that are generally considered to be illiquid on their resale. This may include securities that are generally considered to be illiquid or restricted, due to conditions associated with the security, such as bond offerings under Rule 144A of the SEC and securities that represent a small issue, trade infrequently, or are traded on markets that are comparatively small or have long settlement times. Selling illiquid or restricted securities usually requires more time and cost are often higher.
  • Investment in Collective Investment Schemes Risk: A Sub-Fund may invest in collective investment schemes, these can include hedge funds, unregulated schemes and alternative investment funds. These investments may be subject to a higher degree of risk and can be more illiquid and harder to sell. The Sub-Fund may only invest a maximum of 10% of its assets in this type of investment.
  • Liquidity Risk: The risk that arises when adverse market conditions affect the ability to sell assets when necessary. Reduced liquidity may have a negative impact on the price of the assets.
  • Management Risk: A Sub-Fund may be subject to management risk because it is an actively managed investment fund. When managing a Sub-Fund and applying investment techniques and risk analyses, the Investment Manager's assessment of the market or economic trends, their choice or design of any software models they use, their allocation of assets, or other decisions regarding how the Sub-Fund's assets will be invested cannot be guaranteed to ensure returns on investments.
  • Small and Mid-Cap Equity Risk: Shares of small and mid-sized companies can be more volatile and less liquid than shares of larger companies. These risks may be greater in emerging or frontier markets. Small and mid-size companies often have fewer financial resources, shorter operating histories, and less diverse business lines, and as a result can be at greater risk of long-term or permanent business setbacks. Initial public offerings (IPOs) can be highly volatile and can be hard to evaluate because of lack of trading history and relative lack of public information.

For a full explanation of risks and the overall risk profile of this fund and the share classes within it, please refer to the Key Investor Information Documents (KIIDs) and Prospectus. 

The sale of funds may be restricted or subject to adverse tax consequences in certain jurisdictions. This information is directed solely at persons in jurisdictions where the fund (and share classes) are registered or who may otherwise lawfully receive it. Before investing, investors should review the fund prospectus, together with the relevant fund specific documentation including KIID and latest reports. 

The ES AllianceBernstein Funds are Sub Funds of ES AllianceBernstein UK OEIC, an open-ended investment company. Equity Trustees Fund Services Ltd is the Authorised Corporate Director (ACD) of the Funds. The Prospectus, KIID, annual and semi-annual reports are available, in English, free of charge from the ACD's website (www.equitytrustees.com)