TM Lansdowne European Special Situations I Inc GBP
ISIN: GB00BTJRPZ43 | MEX: 0JAAO | CITI: GMZ6
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Buy 272.44 GBX
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Sell 272.44 GBX
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Price Change -0.59830%
Past Performance
- 3rd Jul 2020 to 3rd Jul 202121.85%
- 3rd Jul 2021 to 3rd Jul 2022-14.48%
- 3rd Jul 2022 to 3rd Jul 202311.58%
- 3rd Jul 2023 to 3rd Jul 202417.05%
- 3rd Jul 2024 to 3rd Jul 20256.91%
Objectives and Approach
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.
Key Information
| Inception | 1st Oct 2009 |
| Historic Yield | 2.4000% |
| Sector | IA Europe Excluding UK |
| Fund Size | £543.664mn |
| Fund Type | OEIC |
| Classification | Income |
Charges
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Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
1.10% |
| Initial Charge | 0% |
| AMC | 0.75% |
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Our Platform Charge We charge a platform fee of 0.30%. Our charges are shown on our rates and charges sheet |
0.30% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
| Cost Category | % of Investment | lump sum costs |
|---|---|---|
Our annual fee
Our annual feeIncludes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here |
0.30% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
1.10% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
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Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
| lump sum invested with an assumed growth rate of | 1 year | years |
|---|---|---|
What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
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Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
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What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Performance
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Chart Options
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Current Comparators -
Cumulative Performance
1 month 3 months 6 months 1 year 3 years 5 years -1.18% 3.18% 13.05% 6.91% 39.63% 45.49%
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
View Fund Allocation by:
Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
344,960 bytes PDF Document; last updated 30 Apr 2025
109,801 bytes PDF Document; last updated 19 Feb 2025
944,149 bytes PDF Document; last updated 13 Feb 2025
Management Team
Daniel Avigad Shashwat Verma
Daniel Avigad
has managed this fund for 9 months.
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.
Manager Cumulative Performance v Peer Group
All funds managed by Daniel
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| TM LnsdwnEurpnSplSits | Co | Sep 2023 |
Shashwat Verma
has managed this fund for 9 months.
Shashwat Verma re-joined Lansdowne Partners in September 2016 as an analyst, after having initially worked at the Firm from 2011-2014, and became Deputy Portfolio Manager in January 2021. From 2014-16, Shashwat worked at Davidson Kempner European Partners LLP as an Analyst within the European Long / Short Equities team. Prior to 2011, Shashwat worked at Oliver Wyman, where he was a Manager in the Financial Services Practice. Shashwat has broad experience in analysing and investing in European Equities. Shashwat holds a Bachelor of Technology from the Indian Institute of Technology Delhi.
Manager Cumulative Performance v Peer Group
All funds managed by Shashwat
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| TM LnsdwnEurpnSplSits | Co | Sep 2023 |