Morningstar Fund Report  | 13/04/2025Print

Alken Fund - Small Cap Europe Class R

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Alken Fund - Small Cap Europe Class R
Fund22.312.011.88.220.7
+/-Cat3.933.57.511.318.8
+/-B’mrk8.231.11.27.317.4
 
Category: Europe Small-Cap Equity
Category Benchmark: Morningstar Dev Eur Sml TME...
Key Stats
NAV
10/04/2025		 EUR 397.13
Day Change 3.49%
Morningstar Category™ Europe Small-Cap Equity
ISIN LU0300834669
Fund Size (Mil)
10/04/2025		 EUR 311.17
Share Class Size (Mil)
10/04/2025		 EUR 49.31
Max Initial Charge 3.00%
Ongoing Charge
14/03/2025		  2.11%
Investment Objective: Alken Fund - Small Cap Europe Class R
To provide capital growth and to enable Investors to benefit from growth in the European equity market, primarily through dynamic investment in a growth/value style biased portfolio of equity securities of undervalued European companies with a high growth potential focussing albeit not exclusively on small caps being companies with a capitalisation of less than EUR 3 billion, and midcaps being companies with a market capitalisation of around more than EUR 3 billion but less than EUR 10 billion. This Sub-Fund is a relative return fund implying a medium tolerance to risk, with the objective to realise a relative net performance over the MSCI Europe Small Cap Index (EUR).
Returns
Trailing Returns (GBP)10/04/2025
YTD17.30
3 Years Annualised12.71
5 Years Annualised20.33
10 Years Annualised9.79
12 Month Yield 0.00
Management
Manager Name
Start Date
Nicolas Walewski
01/09/2010
Marc Festa
01/01/2011
Inception Date
08/06/2007

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe Small Cap NR EURMorningstar Dev Eur Sml TME NR EUR
Portfolio Profile for  Alken Fund - Small Cap Europe Class R30/09/2024
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.920.0098.92
Bond0.000.000.00
Property0.000.000.00
Cash1.160.071.08
Other0.000.000.00
Top 5 Regions%
Eurozone75.82
United Kingdom14.44
Europe - ex Euro7.15
United States1.11
Canada0.94
Top 5 Sectors%
Industrials24.52
Financial Services23.43
Energy12.99
Basic Materials12.73
Communication Services9.52
Top 5 HoldingsSector%
Zegona Communications PLCCommunication ServicesCommunication Services9.42
Rheinmetall AGIndustrialsIndustrials5.61
Vallourec SABasic MaterialsBasic Materials5.46
BFF Bank SpAFinancial ServicesFinancial Services4.89
Energean PLCEnergyEnergy4.87
Increase Decrease New since last portfolio
Alken Fund - Small Cap Europe Class R
Growth Of 1000 (GBP) 31/03/2025
Fund:  Alken Fund - Small Cap Europe Class R
Category:  Europe Small-Cap Equity
Category Index:  Morningstar Dev Eur Sml TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-20.154.95-2.7622.2711.9611.798.1720.71
+/- Category-2.24-15.22-22.243.9133.517.4511.2718.80
+/- Category Index-5.09-19.64-10.858.1731.151.197.2817.44
% Rank in Category679897281941
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day3.49   3.162.77
1 Week-2.06   -2.15-4.04
1 Month0.30   6.215.65
3 Months15.57   18.8716.21
6 Months22.74   28.6926.92
YTD17.30   20.1117.95
1 Year15.90   20.7917.10
3 Years Annualised12.71   15.2112.13
5 Years Annualised20.33   13.7413.36
10 Years Annualised9.79   4.064.28
 
Category: Europe Small-Cap Equity
Category Index: Morningstar Dev Eur Sml TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
202520.71---
20249.10-5.411.073.71
20235.77-4.152.197.91
202210.16-6.23-4.8113.85
20217.497.864.001.40
2020-31.2610.5110.5615.79
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAbove Average5 star
5-YearHighAbove Average5 star
10-YearHighAbove Average5 star
OverallHighAbove Average5 star
 
Category :  Europe Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev17.08 %
3-Yr Mean Return15.66 %
 
3-Yr Sharpe Ratio0.62
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Dev Eur Sml TME NR EUR  Morningstar Dev Ezn Sml TME NR EUR
3-Yr Beta0.850.96
3-Yr Alpha12.1210.86
 
Investment Style Details30/09/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 2950-
Market Capitalisation% of Equity
Giant0.00
Large7.33
Medium61.13
Small27.47
Micro4.08
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings8.620.63
Price/Book1.300.73
Price/Sales0.670.67
Price/Cash Flow4.130.49
Dividend-Yield Factor4.851.64
 
Long-Term Projected Earnings Growth21.781.96
Historical Earnings Growth-7.65-0.92
Sales Growth2.034.70
Cash-Flow Growth5.020.49
Book-Value Growth-21.2736.68
 
Category: Europe Small-Cap Equity
Asset Allocation30/09/2024
Asset Allocation
 % Long% Short% Net Assets
Stock98.920.0098.92
Bond0.000.000.00
Property0.000.000.00
Cash1.160.071.08
Other0.000.000.00
World Regions30/09/2024
 % of EquityRelative to Category
United States1.112.01
Canada0.9417.35
Latin America0.5418.80
United Kingdom14.440.62
Eurozone75.821.49
Europe - ex Euro7.150.29
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Europe Small-Cap Equity
Sector Weightings30/09/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials12.732.03
Consumer CyclicalConsumer Cyclical6.120.44
Financial ServicesFinancial Services23.431.82
Real EstateReal Estate1.770.42
Consumer DefensiveConsumer Defensive0.080.02
Communication ServicesCommunication Services9.521.91
EnergyEnergy12.995.24
IndustrialsIndustrials24.520.93
TechnologyTechnology8.840.63
 
Category: Europe Small-Cap Equity
Top 10 Holdings30/09/2024
 Portfolio NEW
Total Number of Equity Holdings65
Total Number of Bond Holdings0
Assets in Top 10 Holdings47.94
NameSectorCountry% of Assets
Zegona Communications PLC308United Kingdom9.42
Rheinmetall AG310Germany5.61
Vallourec SA101France5.46
BFF Bank SpA103Italy4.89
Energean PLC309United Kingdom4.87
VusionGroup311France4.85
Technip Energies NV Ordinary Shares309France3.85
Banca Ifis103Italy3.13
Ayvens310France2.96
ASR Nederland NV103Netherlands2.89
 
Increase Decrease New since last portfolio
Category: Europe Small-Cap Equity
 
Management
Name of CompanyAFFM SA
Phone+352 260 967
Websitewww.affm.lu
Address3, Boulevard Royal
 Luxembourg   L-2449
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date08/06/2007
Fund Advisor(s)
Alken Asset Management Ltd
Fund ManagerNicolas Walewski
Manager Start Date01/09/2010
 
Biography
Nicolas Walewski is the Managing Partner of Alken Asset Management and the manager of Alken European Opportunities Fund. Nicolas began his investment career in 1993 with Credit Lyonnais in Paris as a currency options portfolio manager and then in Frankfurt as an index options portfolio manager. In 1998, Nicolas joined Banque Syz in London and became manager of the Oyster European Opportunities Fund, with 1.3bn under management.
Fund ManagerMarc Festa
Manager Start Date01/01/2011
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge3.00%
Max Exit Charge*3.00%
Annual Charges
Max Annual Management Charge1.75%
Ongoing Charge2.11%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes