European Assets Trust

Performance

Fund performance as at 29.10.2021 chart

Source: Lipper. Basis: share price, percentage growth, bid to bid, net income reinvested.

Cumulative performance
1 month
Year to date
1 Year
3 Years
5 Years
NAV
2.28
17.32
41.81
58.92
77.22
Share price
1.64
25.36
51.27
66.07
88.35
Benchmark
2.12
14.76
40.80
52.75
78.01
Discrete annual performance
2021/2020
2020/2019
2019/2018
2018/2017
2017/2016
NAV
41.81
6.09
5.63
-7.13
20.09
Share price
51.27
5.32
4.24
-14.71
32.98
Benchmark
40.80
2.39
5.96
-5.25
22.99

Performance (%) as at 29.10.2021

Past performance is not a guide to future performance.

Note: The performance figures shown here will differ to those shown in the Key Information Document (KID) as they are based on actual past performance data. The performance information in the KID is presented on a forward-looking basis using economic models based on historical prices and volatility of the product (as prescribed by regulations). Source: Lipper and BMO. Basis: Percentage growth, total return, bid to bid price with net income reinvested in sterling. Basis in accordance with the regulations of the Financial Conduct Authority.

The cumulative performance table refers to periods ending 29.10.2021

*Calculated with reference December 31 net asset value with dividend payments made in January, April, July and October of each year.

**The date the current investment strategy was adopted by the fund.

On going charges calculated in accordance with AIC recommendations. Please refer to the latest annual report as to how the fee is structured. The share price may either be below (at a discount) or above (at a premium) to the NAV. Discounts and premiums vary continuously. Performance information excludes any product charges which can be found in the Key Features document for the relevant product.

Investment Risks

The value of your investments and any income from them can go down as well as up and you may not get back the original amount invested. Investments in smaller companies carry a higher degree of risk as their shares may be less liquid and investment values can be volatile. Changes in rates of exchange may also reduce the value of your investment. Gearing is used for investment purposes to obtain, increase or reduce exposure to an asset, index or investment. The use of gearing can enhance returns to investors in a rising market, but if the market falls the losses may be greater.

Holdings

Company name
Portfolio Weight
Benchmark Weight
Difference
Sector
Ringkjoebing Landbobank
3.7
0.2
3.5
Financials
Storebrand
3.0
0.2
2.8
Financials
Interpump
3.0
0.4
2.6
Industrials
Cancom
2.9
0.1
2.8
Technology
IMCD
2.9
0.0
2.9
Basic Material
Stratec
2.8
0.1
2.7
Health Care
Nordic Semiconductor
2.7
0.3
2.4
Technology
Azimut
2.6
0.2
2.4
Financials
Vidrala
2.6
0.0
2.6
Industrials
MIPS
2.5
0.2
2.3
Consumer Discretionary

As at 29 October 2021

Dividend

The annual dividend is calculated as 6% of the closing net asset value at the end of the preceding year. We’ve recently been announced in the ‘Top 25 highest-yielding equity Investment Trusts’, you can read the article here.

Dividend Distributions per Share

2021
January £
0.0200
April £
0.0200
July £
0.0200
October £
0.0200
Total £
0.0800

The 2021 dividend will be paid in four instalments on 29 January, 30 April, 30 July and 29 October. The annual dividend is equivalent to 6% of the net asset value as at 31 December each year.

Historic net dividend distributions per share

2020
January £
0.01755
April £
0.01755
July £
0.01755
October £
0.01755
Total £
0.0702

With effect from 1 January 2020 dividends have been declared in Sterling. Prior to that date dividends were declared in Euros and converted to Sterling applying an exchange rate as close as practicable to the payment date.

2019
January €
0.0171
January £
0.01489
March €
0.0171
March £
0.01464
July €
0.0171
July £
0.01551
October €
0.0171
October £
0.01482
Total €
0.0684
Total £
0.05986
2018
2017
2016
2015
January €
0.0220
0.2628
0.304
0.253
January £
0.0191
0.2279
0.234
0.193
May €
0.0220
0.2628
0.304
0.253
May £
0.0191
0.2248
0.234
0.182
August €
0.0220
0.2628
0.304
0.253
August £
0.0196
0.2387
0.263
0.18
Total €
0.0880
0.7884
0.912
0.758
Total £
0.0771
0.6914
0.731
0.555

Dividends shown in the table above have been adjusted to reflect the ten for one stock split, effective from 3 May 2018.

With effect from 1 January 2020 dividends have been declared in Sterling.  Prior to that date dividends were declared in Euros and converted to Sterling applying an exchange rate as close as practicable to the payment date.

Dividend

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