Lazard European Alpha

(Class B Income [GBP])

 

Performance

Cumulative Performance (%)

3m 6m 1Yr 3Yr 5Yr
Fund 1.31% 10.74% 1.55% 30.20% 57.66%
Sector 3.36% 13.02% 5.84% 35.42% 69.89%
Rank 88/129 92/129 97/128 74/126 85/118
Quartile 3 3 4 3 3

Discrete Performance (%) - to last month end

04/20 to 04/21 04/21 to 04/22 04/22 to 04/23 04/23 to 04/24 04/24 to 04/25
Fund 30.60% -3.01% 11.18% 11.05% -0.38%
Sector 35.51% -2.62% 10.88% 9.31% 4.27%
Rank 85/118 65/122 65/126 26/127 97/128
Quartile 3 3 3 1 4

Fund Aims

The objective of the Sub-Fund is to achieve capital growth at a rate greater than that of the FTSE World Europe ex UK Index, measured in Sterling.

Fund Managers

Aaron Barnfather manager for: 17 years 2 months

Aaron Barnfather Director, Portfolio Manager/Analyst Lazard Asset Management Limited, (London) Aaron Barnfather leads the portfolio management team in London who are responsible for the management of European equities. He began working in the investment field in 1994. Prior to joining Lazard in 2008, Aaron was a Senior Portfolio Manager and lead manager on Newton Investment Management's pan-European portfolios, launching the Newton European Higher Income fund in 2007. Prior to Newton, he held positions at Royal & Sun Alliance Investment Management on the UK, International and European Equity teams. He has a BA in Business Studies from the University of East London and an MSc in Investment Analysis from Stirling University. Aaron is a member of the UK Society of Investment Professionals (UKSIP).

Barnaby Wilson manager for: 17 years 2 months

Barnaby Wilson, CFA Senior Vice President, Portfolio Manager/Analyst Lazard Asset Management Limited, London Barnaby Wilson is a Portfolio Manager/Analyst on the European Equity team. He began working in the investment field in 1998. Prior to joining Lazard in 1999, he worked for Orbitex Investments. He became a member of the European Equity team in January 2006, graduating from the role of research analyst on the Global Research Platform. Barnaby has a BA (Hons) in Mathematics and Philosophy from Balliol College, Oxford University.


Fund Overview

Price

Bid 1065.23p

Offer 1065.23p (22/05/2025)

Historic yield
1.30%
£43.5m
Number of holdings
67
Initial charge
3.75%
Annual Management Charge
1.50%
Ongoing Charges
1.56%

Top 10 Holdings
Stock Name % Weight
SAP SE 3.8%
NOVO NORDISK A/S 3.8%
ASML HOLDING N.V. 3.5%
UNICREDIT SOCIETA' PER AZIONI 3.5%
SIEMENS AKTIENGESELLSCHAFT 3.3%
AXA 3.3%
ROCHE HOLDING AG 3.1%
SANOFI 2.7%
THALES 2.7%
AIRBUS SE 2.6%
Total 32.4%

Equity Sector Allocation

FTSE/ICB Supersector % Weight
Industrial Goods & Services 16.8%
Technology 16.0%
Health Care 14.5%
Banks 13.3%
Chemicals 5.8%
Consumer Products & Services 4.6%
Food, Beverage & Tobacco 3.5%
Insurance 3.3%
Utilities 3.1%
Energy 2.4%
Other 14.3%
Cash and Equivalents 1.2%


Data accurate at: 31/03/2025

Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested. Cumulative performance figures are calculated from the previous working day. Discrete performance figures are calculated from the previous month end.