Morningstar Fund Report | 01/04/2025

Jupiter European Growth Class I EUR Acc

Performance History	28/02/2025

Growth of 1,000 (GBP)	Advanced Graph

	Fund	18.6	-18.6	15.6	-5.2	6.4
	+/-Cat	1.8	-2.6	2.2	-4.4	-0.3
	+/-B’mrk	-	-	2.1	-8.4	-2.5


Category: Europe Large-Cap Growth Equity
Category Benchmark: Morningstar Dev Europe Grt ...

Key Stats
NAV 31/03/2025		EUR 63.87
Day Change		-2.61%
Morningstar Category™		Europe Large-Cap Growth Equity
ISIN		LU0260086037
Fund Size (Mil) 31/03/2025		EUR 535.34
Share Class Size (Mil) 31/03/2025		EUR 158.70
Max Initial Charge		-
Ongoing Charge 14/02/2025		0.91%

Morningstar Research

Analyst Report	04/06/2024 Michael Born, Analyst Morningstar, Inc
The team managing Jupiter European Growth has settled quickly and is working well together. Coupled with the distinctive, high-quality focus to the approach, it means there are several positives here. All share classes retain a Morningstar...
Click here to read this analyst report on the underlying fund.

Morningstar Pillars
People	24
Parent	23
Process	24
Performance
Price

Investment Objective: Jupiter European Growth Class I EUR Acc

To achieve long term capital growth by exploiting special investment opportunities in Europe.

Returns

Trailing Returns (GBP)	31/03/2025
YTD	1.20
3 Years Annualised	1.04
5 Years Annualised	5.86
10 Years Annualised	7.55

12 Month Yield

0.00

Management

Manager Name Start Date
Mark Heslop 01/10/2019
Mark Nichols 01/10/2019
Inception Date 14/03/2005

Category Benchmark

Fund Benchmark	Morningstar Benchmark
FTSE World Europe TR EUR	Morningstar Dev Europe Grt TME NR EUR

Portfolio Profile for Jupiter European Growth Class I EUR Acc	28/02/2025

Morningstar Style Box®

Equity Style

Asset Allocation

	% Long	% Short	% Net Assets
Stock	96.86	0.00	96.86
Bond	0.00	0.00	0.00
Property	0.00	0.00	0.00
Cash	25.34	22.19	3.14
Other	0.00	0.00	0.00

Top 5 Regions	%
Eurozone	56.64
United Kingdom	23.76
Europe - ex Euro	12.81
United States	6.79
Canada	0.00

Top 5 Sectors		%
	Financial Services	25.07
	Industrials	23.69
	Healthcare	11.93
	Technology	11.37
	Energy	7.11

Top 5 Holdings	Sector	%
Linde PLC	Basic Materials	4.12
SAP SE	Technology	4.07
London Stock Exchange Group PLC	Financial Services	3.75
Shell PLC	Energy	3.61
Compagnie de Saint-Gobain SA	Industrials	3.59

Increase Decrease New since last portfolio
Jupiter European Growth Class I EUR Acc

Growth Of 1000 (GBP)

28/02/2025

	Fund: Jupiter European Growth Class I EUR Acc
	Category: Europe Large-Cap Growth Equity
	Category Index: Morningstar Dev Europe Grt TME NR EUR

Annual Returns (GBP)						28/02/2025
	2018	2019	2020	2021	2022	2023	2024	28/02
Price Return	-2.82	23.03	10.83	18.63	-18.59	15.62	-5.18	6.40
+/- Category	7.51	-0.03	-3.80	1.82	-2.60	2.18	-4.38	-0.34
+/- Category Index	-	-	-	-	-	2.13	-8.41	-2.48
% Rank in Category	3	49	69	38	71	31	89	53

Trailing Returns (GBP)			31/03/2025
	Total Returns	+/- Category	+/- Category Index
1 Day	-2.61	-2.30	-2.33
1 Week	-3.49	-1.48	-1.36
1 Month	-4.89	-0.62	-1.35
3 Months	1.20	-0.12	-3.17
6 Months	-4.15	-0.74	-3.57
YTD	1.20	-0.69	-3.65
1 Year	-8.31	-3.28	-8.10
3 Years Annualised	1.04	-2.14	-5.60
5 Years Annualised	5.86	-3.12	-4.90
10 Years Annualised	7.55	0.53	-0.09

Category: Europe Large-Cap Growth Equity
Category Index: Morningstar Dev Europe Grt TME NR EUR

Quarterly Returns (GBP)				28/02/2025
	Quarter 1	Quarter 2	Quarter 3	Quarter 4
2024	4.66	-1.09	-3.29	-5.28
2023	9.65	-0.18	-2.92	8.80
2022	-12.45	-14.17	-0.99	9.42
2021	-1.91	11.04	4.10	4.63
2020	-10.68	16.20	3.09	3.59

Morningstar Rating™(Relative to Category)

28/02/2025

	Morningstar Return	Morningstar Risk	Morningstar Rating™
3-Year	Average	Average
5-Year	Below Average	Average
10-Year	Above Average	Above Average
Overall	Average	Above Average

Click here to see our Methodology

Volatility Measurements

28/02/2025


3-Yr Std Dev	14.54 %
3-Yr Mean Return	5.40 %


3-Yr Sharpe Ratio	0.10

Modern Portfolio Statistics	28/02/2025	28/02/2025
	Standard Index	Best Fit Index
	Morningstar Dev Europe Grt TME NR EUR	Morningstar Dev Europe Grt TME NR EUR
3-Yr Beta	1.04	1.04
3-Yr Alpha	-3.75	-3.75

Investment Style Details

28/02/2025

Morningstar Style Box®

Equity Style

Size		Rel to Cat
Average Mkt Cap (Mil)	EUR 61982	-


Market Capitalisation	% of Equity
Giant	45.22
Large	39.99
Medium	14.79
Small	0.00
Micro	0.00

Valuations and Growth Rates	Equity Portfolio	Relative to Category
Price/Prospective Earnings	15.71	0.68
Price/Book	2.47	0.63
Price/Sales	1.74	0.57
Price/Cash Flow	10.81	0.61
Dividend-Yield Factor	3.44	1.88

Long-Term Projected Earnings Growth	8.17	0.80
Historical Earnings Growth	16.37	1.63
Sales Growth	10.43	1.78
Cash-Flow Growth	5.38	0.69
Book-Value Growth	7.15	1.02

Asset Allocation

28/02/2025

	% Long	% Short	% Net Assets
Stock	96.86	0.00	96.86
Bond	0.00	0.00	0.00
Property	0.00	0.00	0.00
Cash	25.34	22.19	3.14
Other	0.00	0.00	0.00

World Regions

28/02/2025

	% of Equity	Relative to Category
United States	6.79	1.98
Canada	0.00	0.00
Latin America	0.00	0.00
United Kingdom	23.76	1.62
Eurozone	56.64	1.00
Europe - ex Euro	12.81	0.51
Europe - Emerging	0.00	0.00
Africa	0.00	-
Middle East	0.00	-
Japan	0.00	0.00
Australasia	0.00	0.00
Asia - Developed	0.00	0.00
Asia - Emerging	0.00	-

Sector Weightings

28/02/2025

	% of Equity	Relative to Category
Basic Materials	6.79	0.98
Consumer Cyclical	5.07	0.39
Financial Services	25.07	2.95
Consumer Defensive	4.35	0.69
Healthcare	11.93	0.59
Utilities	2.98	4.70
Communication Services	1.63	0.72
Energy	7.11	19.59
Industrials	23.69	1.06
Technology	11.37	0.59

Top 10 Holdings

28/02/2025

	Portfolio NEW
Total Number of Equity Holdings	39
Total Number of Bond Holdings	0
Assets in Top 10 Holdings	35.61

Name	Sector	Country	% of Assets
Linde PLC		United States	4.12
SAP SE		Germany	4.07
London Stock Exchange Group PLC		United Kingdom	3.75
Shell PLC		United Kingdom	3.61
Compagnie de Saint-Gobain SA		France	3.59
FinecoBank SpA		Italy	3.57
AstraZeneca PLC		United Kingdom	3.42
TotalEnergies SE		France	3.27
Ryanair Holdings PLC		Ireland	3.11
Haleon PLC		United Kingdom	3.10

Increase Decrease New since last portfolio
Category: Europe Large-Cap Growth Equity

Management

Name of Company	Jupiter Asset Management International S.A.
Phone	-
Website	-
Address	5, rue Heienhaff, L-1736 Senningerberg, Grand Duchy of Luxembourg
	Senningerberg L-1736
	Luxembourg

Domicile	Luxembourg
Legal Structure	SICAV
UCITS	Yes
Inception Date	14/03/2005

Fund Advisor(s)
Jupiter Asset Management Limited

Fund Manager	Mark Heslop
Manager Start Date	01/10/2019
Career Start Year	1999

Education

1994, Durham University, B.S.



Biography
Mark Heslop joined Jupiter in September 2019 as a European equity manager and smaller companies specialist. He also currently co-manages Jupiter Eurozone Equity fund (SICAV), Jupiter European Opportunities fund (SICAV) and Jupiter European Special Situations fund (UT). Prior to joining Jupiter, Mark was an equity fund manager at Colombia Threadneedle for 11 years where he managed a global smaller companies fund and a European smaller companies fund. He began his investment career as a chemicals and industrials analyst at Citi in 1999. Mark has a degree in Chemistry from Durham University and is also a Chartered Accountant.

Fund Manager	Mark Nichols
Manager Start Date	01/10/2019

Education

London University, M.A.

University of Oxford, M.A.



Biography
Mark Nichols joined Jupiter in July 2019 to manage the Jupiter European Fund (Unit Trust) and the Jupiter European Growth fund (SICAV). He also currently co-manages Jupiter Eurozone Equity fund (SICAV), Jupiter European Opportunities fund (SICAV) and Jupiter European Special Situations fund (UT). Prior to joining Jupiter, Mark managed European equity portfolios at Columbia Threadneedle and before that at BMO Global Asset Management (F&C). He began his investment career in the European equities team at Invesco in 2001.

Fees and Expenses

Sales Charges (Maximum)
Max Initial Charge	n/a
Max Exit Charge*	n/a

Annual Charges
Max Annual Management Charge	0.75%
Ongoing Charge	0.91%

Purchase Details

Minimum Investments
Initial	1000000 EUR
Additional	100000 EUR
Savings	-

Tax Free Savings Schemes
ISAs	Yes