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TM Lansd...

Price: 403.9300GBX

Change: 0.36%

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TM Lansdowne European Special Situations I Acc GBP

TM Lansdowne European Special Situations I Acc GBP

ISIN:

GB00BTJRQ064

Risk level:

1
2
3
4
5
6
7

FE fundinfo Rating:

IA Sector:

IA Europe Excluding UK

Income type:

Accumulation

Price:

403.9300GBX

15 July 2025

Last change:

0.36%

1 year change:

9.30%

5 year annualised return:

7.30%

12 month yield:

1.70%

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At a glance

At a glance performance and information

Eligibility:

Share Dealing Account
ISA
SIPP

The value of investments, and income from them, can rise and fall so you may get back less than you invest. If you are unsure about investing, seek independent advice

1 W 1 M 3 M 6 M YTD 1 Y 3 Y 5 Y Max

Add to chart:

  • TM Lansdowne European Special Situations I Acc GBP
  • IA Europe Excluding UK
  • MSCI Europe ex UK

Discrete calendar year performance

Discrete calendar year performance
Investment 30/06/20 to 30/06/21 30/06/21 to 30/06/22 30/06/22 to 30/06/23 30/06/23 to 30/06/24 30/06/24 to 30/06/25
TM Lansdowne European Special Situations I Acc GBP 19.95% -15.27% 12.74% 16.74% 7.84%
IA Europe Excluding UK 23.70% -12.63% 18.42% 11.69% 9.07%
MSCI Europe ex UK 29.37% -12.09% 19.73% 12.85% 7.11%

Trailing returns

(*annualised)

Trailing returns
Investment 3 months 6 months 1 year 3 years* 5 years*
TM Lansdowne European Special Situations I Acc GBP 8.56% 11.66% 9.30% 12.82% 7.30%
IA Europe Excluding UK 11.65% 12.22% 10.09% 13.85% 9.03%
MSCI Europe ex UK 9.24% 8.13% 6.11% 12.90% 9.74%

Fund Objective: The investment objective of the Fund is to achieve capital growth, net of fees, over 5 year rolling periods by investing in equities of European (excluding the UK) companies in special situations (which may also provide an element of income). The Fund aims to achieve the investment objective by investing 80% or more in European listed equities ((ordinary or preference shares) of which up to 5% may be in UK companies (defined as companies incorporated or domiciled in the UK) and which are in special situations (as defined in the investment strategy below)). The Fund may also invest in debt securities convertible into ordinary stocks and shares, cash, near cash, money-market instruments and deposits. The exposure to European listed equities may fall below 80% under difficult market conditions in which the Investment Manager believes that markets are expensive or when higher volatility is anticipated. This could include (but is not limited to) markets resulting from, or anticipating, extreme events (for example, the 2008 global financial crisis). The Fund’s portfolio will be managed on a concentrated basis, meaning the Fund will hold typically between 20-40 holdings. The Fund will be able to invest without restriction by market cap or sector.The Fund may also invest up to 20% outside of Europe if the Investment Manager believes that it should be beneficial for the Fund.The use of derivatives is permitted by the Fund for efficient portfolio management purposes (including hedging), and borrowing will be permitted under the terms of the Regulations. It is not intended that the use of derivatives in this way will change the risk profile of the Fund. The Fund’s use of derivatives is expected to be limited.Investors’ attention is drawn to the detailed risk warnings in this prospectus.The Fund will be managed in a manner that maintains eligibility for ISAs.The Fund’s investment portfolio is actively managed. This means that the Investment Manager actively makes decisions about how to invest the scheme property of the Fund instead of simply following a market index.

Manager name:

Thesis Unit Trust Mgmt Ltd

Manager start date:

01 September 2023

Investment style:

Concentrated,Value

Region (geographical):

Europe Ex UK

Manager Biography:

Daniel Avigad was appointed portfolio manager post the acquisition of CRUX Asset Management Limited by Lansdowne Partners (UK) LLP in 2023. Daniel is a Partner and Management Committee member of Lansdowne Partners (UK) LLP and the Head of the Lansdowne European Long Only Strategy. Prior to joining Lansdowne in 2006, 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.

Benchmark:

MSCI Europe ex UK

Sector:

IA Europe Excluding UK

FE fundinfo Rating:

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. 0.88%
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: iWeb The cost of buying or selling some or all of your investment. £5.00 (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

Breakdown

Asset Allocation

Fund size: 563,099,850.34 GBX

Chart date: July 15, 2025

Top 10 Holdings

Top 10 Holdings
Security Weight
Tele2 ab 6.95%
Iberdrola sa 6.80%
Intesa sanpaolo spa 5.25%
Linde public limited company 5.23%
Sampo oyj 4.64%
Compagnie de saint-gobain 4.47%
Wolters kluwer n.v. 4.47%
Commerzbank ag 4.23%
Ryanair hldgs 4.12%
Heidelberg materials ag 4.11%

Sectors

Sectors
Sectors Weight
Financials 18.84%
Industrials 17.82%
Materials 17.37%
Health Care 9.99%
Communications 7.94%
Consumer Discretionary 7.64%
Utilities 6.80%
Technology 6.19%
Consumer Staples 3.54%
Energy 2.30%

World regions

World regions
Country Weight
France 21.57%
Germany 12.88%
Switzerland 11.82%
Sweden 7.73%
Italy 7.63%
Netherlands 7.23%
Spain 6.80%
USA 5.60%
Finland 4.64%
Ireland 4.12%
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.