Pan European Smaller Companies Funds

ISIN
LU0135928611

NAV
EUR 12.84
As of 06/08/2020

1-Day Change
EUR -0.01 (-0.09%)
As of 06/08/2020


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of capital growth and income over the long term (5 years or more).

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The Fund invests at least two-thirds of its assets in shares (equities) and equity-related securities of smaller companies, in any industry, in Europe (including UK). Companies will have their registered office in or do most of their business (directly or through subsidiaries) in this region.
The Fund may also invest in other assets including companies of any size, in any region, cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the Euromoney Europe Smaller Companies Index, which is broadly representative of the companies in which it may invest, as this can provide a useful comparator for assessing the Fund’s performance. The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.

PORTFOLIO MANAGEMENT

Ollie Beckett

Portfolio Manager

Industry since 1995. Joined Firm in 2005.

Rory Stokes, CFA

Portfolio Manager

Industry since 2001. Joined Firm in 2013.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/2020
B€ Acc Euromoney Europe Smaller Companies Index
 
Quarter End
As of 30/06/2020
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
-6.61% -4.63% 2.77% 32.25% -9.74%
Euromoney Europe Smaller Companies Index -4.20% -2.83% 6.82% 25.44% -7.99%
Cumulative & Annualised Performance (%)
As of 31/07/2020
B€ Acc (Net) Euromoney Europe Smaller Companies Index
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
24/10/2001
B€ Acc (Net) 1.04% -15.64% -3.98% -2.90% 1.05% 9.32% 8.10%
Euromoney Europe Smaller Companies Index 1.13% -13.56% -2.56% -0.09% 2.38% 8.52% 8.88%

Portfolio

Top Holdings (As of 30/06/2020)
% of Fund
Dfds 4.62
Van Lanschot Kempen 4.44
TKH Group 3.73
Nexans 3.28
Clinigen Group 2.80
SOITEC 2.46
HelloFresh 2.45
FinecoBank Banca Fineco 2.41
Metso Outotec 2.35
Aareal Bank 2.29

Documents

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
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