ES AllianceBernstein Europe (Ex UK) Equity Fund

Strategy

Seeks long-term capital growth by:

  • Investing in stocks of companies throughout Europe ex UK that offer compelling long-term return potential and attractive valuations
  • Taking a long-term perspective in order to capitalize on short-term market inefficiencies created by investors’ overreaction to macroeconomic, industry, or company-specific concerns
  • Employing a disciplined, bottom-up approach that combines fundamental research with proprietary quantitative tools to identify attractive investment opportunities

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 29/03/2019
Base Currency GBP
Subscription and Redemption Daily 12:00:00 cut off
Fund Type OEIC
Domicile UK
Perfomance Comparator* MSCI Europe ex UK Index
IMA Sector Europe Excluding UK
Morningstar Category Europe ex-UK 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 29/03/2019
Shareclass Currency GBP
Min. Investment GBP 1K
ISIN GB00BJMHLK84
Bloomberg ESABEIA LN

Fees & Expenses

SHARE CLASS DETAIL - CLASS I
Investment Management Fee 0.70%
Ongoing Charges Figure 0.80%

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:

  • Emerging-Markets Risk: Where the Fund invests in emerging markets, these assets are generally smaller and more sensitive to economic and political factors, and may be less easily traded, which could cause a loss to the Fund.
  • Focused Fund Risk: Investing in a limited number of issuers, industries, sectors or countries may subject the Fund to greater volatility than one invested in a larger or more diverse array of securities.
  • Fund Turnover Risk: A fund will be actively managed and turnover may, in response to market conditions, exceed 100%. A higher rate of fund turnover increases brokerage and other expenses. High fund turnover may also result in the realization of substantial net short-term capital gains, which may be taxable when distributed.
  • Smaller Capitalization Companies Risk: Investment in securities of companies with relatively small market capitalizations may be subject to more abrupt or erratic market movements because the securities are typically traded in lower volume and are subject to greater business risk.
  • 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.
  • OTC Derivatives Counterparty Risk: Transactions in over-the-counter (OTC) derivatives markets may have generally less governmental regulation and supervision than transactions entered into on organized exchanges. These will be subject to the risk that its direct counterparty will not perform its obligations and that the Fund will sustain losses.
  • 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. Counterparty and Custody Risk: The risk that the counterparty could become insolvent, unwilling or unable to meet its obligations, resulting in payments being delayed, reduced or eliminated.
  • Country Risk: Where the Fund invests in emerging markets, the risks associated with custody and counterparties are higher than in developed countries as the assets are generally smaller, more sensitive to economic and political factors, and may be less easily traded which could cause a loss to the Fund.
  • Currency Risk: Investments may be denominated in one or more currencies which are different to the Fund’s base currency. Currency movements in the investments may significantly affect the Net Asset Value of the Fund.
  • Hedging Risk: Hedging may be used when managing the Fund, as well as for currency hedge share classes to eliminate the potential for gains along with the risk for loss. Measures designed to offset specific risks may work imperfectly, may not be feasible at times or may fail completely. As there is no segregation of liabilities between the share classes, there is a remote risk that, under certain circumstances, currency hedging transactions could result in liabilities which might affect the NAV of the other share classes and their assets may be used to cover those liabilities incurred.
  • 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. Selling illiquid or restricted securities usually requires more time and costs are often higher. Investment in Collective Investment Schemes Risk: The Fund may invest in other collective investment schemes including unregulated collective investment schemes (UCIS). Such schemes may be subject to less rigorous regulation than authorised or regulated schemes and therefore may expose investors to a higher degree of risk.
  • 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 Fund may be subject to management risk because it is an actively managed investment fund. When managing a Fund and applying investment techniques and risk analyses, the Manager’s assessment of market or economic trends, their choice or design of any software models they use, their allocation of assets, or other decisions cannot be guaranteed to ensure returns on investments.

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)