The investment objective of the Fund is to achieve long term capital growth by investing in European (excluding the UK) equities of companies in special situations.
Fund Manager
Daniel Avigadmanager
for
1 years
Daniel joined Lansdowne Partners in April 2006 and is the Portfolio Manager for the European Long Only Strategy. Prior to joining Lansdowne, Daniel worked for five years in the Pan-European telecoms services equities research team at Dresdner Kleinwort Wasserstein which was ranked 1st in the 2005 Extel Survey. Daniel holds a Master’s degree with Distinction in Information Technology and a First Class Honours for his Bachelor degree in Mechanical Engineering with Mathematics from the University of Nottingham. Daniel is a holder of the CFA. Daniel has been a Partner of the firm since April 2011 and has sat on the Management Committee since September 2018.
Fund Overview
Mid (30/08/2024)
262.79p
Historic yield
1.80%
Fund size (31/07/2024)
£460.12m
Number of holdings
27
Entry Charge
0.00%
Ongoing Charges
0.85%
Launch date
08/06/2015
Asset Allocation
International Equities
95.00%
UK Equities
5.00%
Portfolio data accurate as at: 31/07/24
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Portfolio data accurate as at:
Asset Allocation
International Equities
95.00%
UK Equities
5.00%
Equity Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Consumer Discretionary
18.57%
-
-
-
Media
-
8.91%
-
-
Media
-
-
8.91%
-
Publishing
-
-
-
6.07%
Media Agencies
-
-
-
2.85%
Consumer Products & Services
-
4.99%
-
-
Personal Goods
-
-
2.83%
-
Luxury Items
-
-
-
2.83%
Consumer Services
-
-
2.15%
-
Vending & Catering Service
-
-
-
2.15%
Automobiles & Parts
-
4.20%
-
-
Automobiles & Parts
-
-
4.20%
-
Tires
-
-
-
4.20%
Travel & Leisure
-
0.47%
-
-
Travel & Leisure
-
-
0.47%
-
Airlines
-
-
-
0.47%
Health Care
16.98%
-
-
-
Health Care
-
16.98%
-
-
Medical Equipment & Services
-
-
9.20%
-
Medical Supplies
-
-
-
9.20%
Pharmaceuticals & Biotechnology
-
-
7.78%
-
Pharmaceuticals
-
-
-
7.78%
Financials
16.69%
-
-
-
Banks
-
13.36%
-
-
Banks
-
-
13.36%
-
Banks
-
-
-
13.36%
Insurance
-
3.33%
-
-
Non-life Insurance
-
-
3.33%
-
Property & Casualty Insurance
-
-
-
3.33%
Industrials
15.01%
-
-
-
Industrial Goods & Services
-
9.74%
-
-
Electronic & Electrical Equipment
-
-
6.88%
-
Electrical Components
-
-
-
6.88%
Aerospace & Defence
-
-
2.86%
-
Defense
-
-
-
2.86%
Construction & Materials
-
5.26%
-
-
Construction & Materials
-
-
5.26%
-
Building Materials: Other
-
-
-
2.81%
Construction
-
-
-
2.46%
Technology
8.79%
-
-
-
Technology
-
8.79%
-
-
Technology Hardware & Equipment
-
-
4.75%
-
Production Technology Equipment
-
-
-
4.75%
Software & Computer Services
-
-
4.03%
-
Computer Services
-
-
-
4.03%
Basic Materials
8.35%
-
-
-
Chemicals
-
6.74%
-
-
Chemicals
-
-
6.74%
-
Chemicals: Diversified
-
-
-
6.74%
Basic Resources
-
1.62%
-
-
Industrial Metals & Mining
-
-
1.62%
-
General Mining
-
-
-
1.62%
Energy
4.69%
-
-
-
Energy
-
4.69%
-
-
Non-Renewable Energy
-
-
4.69%
-
Integrated Oil & Gas
-
-
-
4.69%
Telecommunications
4.43%
-
-
-
Telecommunications
-
4.43%
-
-
Telecommunications Service Providers
-
-
4.43%
-
Telecommunications Services
-
-
-
4.43%
Utilities
3.48%
-
-
-
Utilities
-
3.48%
-
-
Electricity
-
-
3.48%
-
Conventional Electricity
-
-
-
3.48%
Consumer Staples
3.02%
-
-
-
Food, Beverage & Tobacco
-
3.02%
-
-
Food Producers
-
-
3.02%
-
Food Products
-
-
-
3.02%
Regional Allocation
Developed Europe - Excl UK
95.00%
UK
5.00%
Fixed Interest Currencies
Non-Fixed Interest Assets
95.03%
Cash
4.27%
Norwegian Krone
0.70%
Regional Breakdown
Expand allCollapse all
Region
Country
Developed Europe - Excl UK
95.00%
-
France
-
29.05%
Switzerland
-
12.81%
Netherlands
-
12.13%
Italy
-
9.59%
Ireland
-
7.21%
Sweden
-
6.04%
Belgium
-
5.17%
Denmark
-
4.73%
Spain
-
3.48%
Finland
-
3.33%
Germany
-
1.47%
UK
5.00%
-
United Kingdom
-
5.00%
Breakdown By Market Cap (%)
Mega
67.31%
Large
5.93%
Medium
7.29%
Non-Classified
19.47%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
SCHNEIDER ELECTRIC SE
6.88%
Electronic & Electrical Equipment
France
2
LINDE PUBLIC LIMITED COMPANY
6.74%
Chemicals
Ireland
3
INTESA SANPAOLO SPA
6.73%
Banks
Italy
4
WOLTERS KLUWER N.V.
6.07%
Media
Netherlands
5
KBC GROEP NV
5.17%
Banks
Belgium
6
ESSILORLUXOTTICA
5.05%
Medical Equipment & Services
France
7
ASML HOLDING N.V.
4.75%
Technology Hardware & Equipment
Netherlands
8
NOVO NORDISK A/S
4.73%
Pharmaceuticals & Biotechnology
Denmark
9
TOTAL SE
4.69%
Non-Renewable Energy
France
10
TELE2 AB
4.43%
Telecommunications Service Providers
Sweden
Dual Aspect Equity Analysis
UK Equities
Int'l Equities
UK Bonds
Int'l Bonds
UK Gilts
Property
Other
Cash & Equiv
Total
Technology
-
8.79%
-
-
-
-
-
-
8.79%
Telecommunications
-
4.43%
-
-
-
-
-
-
4.43%
Financials
-
16.69%
-
-
-
-
-
-
16.69%
Consumer Discretionary
5.00%
13.57%
-
-
-
-
-
-
18.57%
Consumer Staples
-
3.02%
-
-
-
-
-
-
3.02%
Energy
-
4.69%
-
-
-
-
-
-
4.69%
Utilities
-
3.48%
-
-
-
-
-
-
3.48%
Health Care
-
16.98%
-
-
-
-
-
-
16.98%
Industrials
-
15.01%
-
-
-
-
-
-
15.01%
Basic Materials
-
8.35%
-
-
-
-
-
-
8.35%
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
Sedol Code
BTJRPZ4
Mex Code
0JAAO
Isin Code
GB00BTJRPZ43
Citi Code
GMZ6
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.85%
Aims and Benchmark
Aims
The investment objective of the Fund is to achieve long term capital growth by investing in European (excluding the UK) equities of companies in special situations.
Benchmark
The Investment Association Europe ex UK Sector is used as a performance comparator
Benchmark Category
Comparator
IA Sector
Europe Excluding UK
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
OEIC
Launch price
£100.00
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Biannually
Distribution Type
Dividend
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
01 April
31 May
01 October
30 November
Ratings
FE Crown
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
Fund Trustee/Depository
State Street Trustees Limited
Fund Administrator
State Street Bank and Trust Company
Fund Registrar
SS&C Financial Services Europe Limited
Fund Custodian
State Street Bank and Trust Company
Group Details
Group name
TM OEIC
Group address
Thesis Asset Management Limited
Exchange Building
St John's Street
Chichester
West Sussex
PO19 1UP
Group telephone
+44 (0)1243 531 234
Dealing telephone
+44 (0)1243 531 234
Email
ed.baynton-williams@tutman.co.uk
Homepage
https://www.thesisam.com/
Fax number
-
Dealing
Minimum Investment
£15000000
Minimum Top Up
£500000
Minimum Regular Saving
-
Settlement Period: Buy
4 days
Settlement Period: Sell
4 days
Pricing Basis
Forward
Dealing Decimals
4
Important Information
Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.