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European Fund Classification

The European Fund Classification (EFC) is a pan-European classification system of investment funds which has been developed by the European Fund Categorisation Forum (EFCF) – a task force of the European Fund and Asset Management Association (EFAMA). 

Classification results

Disclaimer: Indicative classifications have been based on the thresholds set in the EFC categories, using publicly available information only. Care has been taken to ensure that the information, including sector allocations, are correct but FE fundinfo neither warrant nor guarantee the contents of the information, nor do they accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein.

Consolidated Classification

The consolidated feed includes the most recent classification, both verified and indicative classification, for all classified funds.

Indicative Classification is a complementary classification. It should be seen as a first step towards a “verified” classification. 

Verified classification

Verified Classification is performed on the basis of the most recent portfolio holdings. It involves regular monitoring of data by a neutral Classification Administrator (FE fundinfo) to ensure that funds do not drift from their stated objectives. 

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Backed up by the numbers

Enabling transparent cross-border fund and peer group analysis

The EFC universe of funds and share classes (verified and indicative):

  • 40 k

    Number of funds

  • 180 k

    Number of share classes

SOLUTIONS INSTI – Research & Insights 1

An integral role

The EFC Classification Administrator 

From an operational perspective, the classification monitoring is performed by the Classification Administrator. FE fundinfo has been appointed to hold this role. 

FE fundinfo collects and analyses the data provided by the fund groups to further assign and monitor possible category changes. The Classification Administrator operates the classification and maintains the infrastructure to perform the classification on a non-monetary basis. 

An important role of the Classification Administrator is to follow market trends, provide input, and assist in defining the parameters for the classification scheme.  

SOLUTIONS INSTI – Distribution

Your data

Confidentiality of your data 

The classifications are defined and monitored based on the actual investments (i.e., portfolio holdings) provided by Fund Managers. The contractual framework between EFAMA and the Classification Administrator outlines the respective rights and obligations, ensuring a robust governance structure that respects the individual requirements of Fund Managers. 

We recognize the sensitivity of portfolio holding data. Consequently, in certain cases, this information is provided with embargos or limitations of use. FE fundinfo, is committed to accommodating your NDA requirements.