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At a glance performance and information

Eligibility:

Share Dealing Account

ISA

ShareBuilder

SIPP

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Fund:

Royal London European Growth M Acc
Sector:

IA Europe Excluding UK
Benchmark:

FTSE World Europe ex UK

Discrete calendar year performance

Discrete calendar year performance
Investment	31/03/20 to 31/03/21	31/03/21 to 31/03/22	31/03/22 to 31/03/23	31/03/23 to 31/03/24	31/03/24 to 31/03/25
Royal London European Growth M Acc	32.69%	8.47%	7.57%	12.61%	0.68%
IA Europe Excluding UK	39.57%	4.15%	6.52%	12.32%	0.92%
FTSE World Europe ex UK	40.59%	5.99%	4.91%	17.19%	5.34%

Trailing returns

(*annualised)

Trailing returns
Investment	3 months	6 months	1 year	3 years*	5 years*
Royal London European Growth M Acc	3.49%	13.08%	7.30%	12.26%	9.26%
IA Europe Excluding UK	3.96%	11.90%	7.93%	11.49%	9.10%
FTSE World Europe ex UK	0.20%	9.02%	7.08%	13.14%	11.54%

Overview

Fund Objective: The Fund’s investment objective is to achieve a total return (combination of capital growth and income) over the medium term (3-5 years) by investing at least 80% in the shares of European companies, not including the UK, listed on European stock exchanges. The Fund's performance target is to outperform, after the deduction of charges, the FTSE World Europe ex-UK Net Total Return GBP Index (the "Index") over rolling 5-year periods. The Index is considered an appropriate benchmark for the Fund's performance, as the Fund’s potential investments will predominantly be included in the Index. In addition to the benchmark for the Fund’s performance as noted above (the "Index"), the IA Europe ex UK sector is considered an appropriate benchmark for performance comparison.

Manager name	Royal London Unit Tst Mgrs Ltd
Manager start date	23 October 2017
Manager Biography	Steve Bolton – Fund Manager, Steve joined Royal London Asset Management in August 2013 following the acquisition of The Co-operative Asset Management by the Royal London Group. Steve worked as a Fund Manager on RLAM’s Sustainable Product range prior to working on the European Funds. Previously Steve worked as an Investment Research Analyst and has extensive analytical experience covering both equities and investment grade credit. Steve graduated with a Law degree and is a CFA Charterholder.

Investment style:	Active,*None,Growth
Region (geographical)	Europe Ex UK

Benchmark	FTSE World Europe ex UK
Sector	IA Europe Excluding UK
FE fundinfo Rating	3 of 5

Fees & charges

Fees and Charges

Fees and Charges
Charge	Who receives this?	What is it?	Amount
Initial charge:	The fund manager	Charges applied by the fund management company for investing in their fund. Please note that Investment Managers may charge each time you buy new units or shares in a fund or trust. Where Investment Managers would have an entry charge, we will negotiate to have it waived so you will not be charged.	N/A%
Ongoing Charges:	The fund manager	The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year.	0.55%
Performance Fee:	The fund manager	A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions.	N/A
Typical transaction cost:	The fund manager	The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading.	0.188%*
Dealing commission:	Halifax	The cost of buying or selling some or all of your investment.	£9.50 (per online trade)

*This is an indication based on the market average. The fund’s actual transaction cost will be shown before you place a trade.
Account charges are not included
Key Investor Information Document (KIID)Open KIID document
Fees & Charges

Breakdown

Asset Allocation

Fund size: 2,597,459,405.18 GBX

Chart date: June 27, 2025

Top 10 Holdings

Top 10 Holdings
Security	Weight
Sap se	5.27%
Roche hldg ag	4.51%
Siemens aktiengesellschaft	3.90%
Asml holding nv	3.79%
Banco santander, s.a.	3.71%
Iberdrola sa	3.66%
Unicredit spa	3.54%
Axa	3.52%
Safran sa	3.37%
Deutsche borse aktiengesellschaft	2.90%

Sectors

Sectors
Sectors	Weight
Industrials	24.38%
Financials	22.76%
Consumer Discretionary	12.97%
Health Care	12.76%
Technology	9.06%
Basic Materials	4.91%
Consumer Staples	3.71%
Utilities	3.66%
Telecommunications	3.19%
Energy	2.61%

World regions

World regions
Country	Weight
France	27.69%
Germany	20.33%
Switzerland	15.46%
Netherlands	10.24%
Spain	9.67%
Sweden	4.97%
Italy	4.32%
Denmark	4.18%
Norway	1.90%
Finland	1.08%

ESG

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.

Royal London European Growth M Acc