Morningstar Fund Report  | 13/04/2025Print

CT European Fund Z Accumulation GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
CT European Fund Z Accumulation GBP
Fund17.0-6.013.03.65.0
+/-Cat1.62.7-0.62.6-0.2
+/-B’mrk-0.21.5-2.01.6-2.7
 
Category: Europe ex-UK Equity
Category Benchmark: Morningstar DM Eur xUK TME ...
Key Stats
NAV
11/04/2025		 GBP 3.04
Day Change -0.66%
Morningstar Category™ Europe ex-UK Equity
IA (formerly IMA) Sector Europe Excluding UK
ISIN GB00B8C2LS47
Fund Size (Mil)
31/03/2025		 GBP 798.60
Share Class Size (Mil)
11/04/2025		 GBP 97.18
Max Initial Charge 3.00%
Ongoing Charge
24/01/2025		  0.88%
Investment Objective: CT European Fund Z Accumulation GBP
The Fund aims to achieve capital growth over the long term. It looks to outperform the FTSE World Europe ex UK Index over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least 75% of its assets in shares of companies domiciled in Continental Europe, or which have significant Continental European business operations.
Returns
Trailing Returns (GBP)11/04/2025
YTD-0.01
3 Years Annualised5.76
5 Years Annualised10.77
10 Years Annualised7.21
12 Month Yield 1.72
Management
Manager Name
Start Date
Paul Doyle
24/06/2014
Frederic Jeanmaire
01/12/2019
Inception Date
01/10/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE World Eur Ex UK TR EURMorningstar DM Eur xUK TME NR EUR
Portfolio Profile for  CT European Fund Z Accumulation GBP28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.710.0099.71
Bond0.000.000.00
Property0.000.000.00
Cash0.910.620.29
Other0.000.000.00
Top 5 Regions%
Eurozone70.68
Europe - ex Euro26.55
United States2.36
Europe - Emerging0.42
Canada0.00
Top 5 Sectors%
Financial Services24.07
Industrials18.58
Healthcare13.75
Consumer Cyclical11.24
Technology11.12
Top 5 HoldingsSector%
SAP SETechnologyTechnology5.45
ASML Holding NVTechnologyTechnology4.96
Novartis AG Registered SharesHealthcareHealthcare4.73
Nestle SAConsumer DefensiveConsumer Defensive4.69
Lvmh Moet Hennessy Louis Vuitton SEConsumer CyclicalConsumer Cyclical4.38
Increase Decrease New since last portfolio
CT European Fund Z Accumulation GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  CT European Fund Z Accumulation GBP
Category:  Europe ex-UK Equity
Category Index:  Morningstar DM Eur xUK TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-9.8926.8510.6817.04-6.0212.953.595.01
+/- Category1.877.591.311.632.72-0.572.58-0.23
+/- Category Index--2.78-0.181.45-2.031.58-2.72
% Rank in Category289293430661655
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.66   -0.13-1.21
1 Week0.19   -0.71-0.51
1 Month-7.50   0.13-0.95
3 Months-3.36   -1.07-3.16
6 Months-3.33   0.10-0.88
YTD-0.01   -0.66-2.56
1 Year-3.39   -0.75-3.06
3 Years Annualised5.76   0.53-0.82
5 Years Annualised10.77   0.560.10
10 Years Annualised7.21   0.730.57
 
Category: Europe ex-UK Equity
Category Index: Morningstar DM Eur xUK TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20255.01---
20249.75-1.01-1.16-3.52
20239.68-0.10-2.325.54
2022-5.38-11.62-1.2513.81
20213.406.151.934.61
2020-16.0220.482.027.23
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearAverageAbove Average3 star
10-YearAbove AverageAverage4 star
Overall*Above AverageAbove Average4 star
 
Category :  Europe ex-UK EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.20 %
3-Yr Mean Return7.90 %
 
3-Yr Sharpe Ratio0.26
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar DM Eur xUK TME NR EUR  Morningstar DM Eur xUK TME NR EUR
3-Yr Beta1.081.08
3-Yr Alpha-1.32-1.32
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 75740-
Market Capitalisation% of Equity
Giant66.25
Large25.28
Medium8.47
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings16.831.06
Price/Book2.861.25
Price/Sales2.091.27
Price/Cash Flow12.641.11
Dividend-Yield Factor2.940.90
 
Long-Term Projected Earnings Growth9.430.93
Historical Earnings Growth9.391.25
Sales Growth2.800.78
Cash-Flow Growth3.481.13
Book-Value Growth6.911.24
 
Category: Europe ex-UK Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.710.0099.71
Bond0.000.000.00
Property0.000.000.00
Cash0.910.620.29
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States2.361.37
Canada0.000.00
Latin America0.00-
United Kingdom0.000.00
Eurozone70.681.05
Europe - ex Euro26.550.91
Europe - Emerging0.421.04
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Europe ex-UK Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.380.82
Consumer CyclicalConsumer Cyclical11.241.11
Financial ServicesFinancial Services24.071.21
Real EstateReal Estate0.250.33
Consumer DefensiveConsumer Defensive7.351.14
HealthcareHealthcare13.750.96
UtilitiesUtilities2.571.07
Communication ServicesCommunication Services4.531.16
EnergyEnergy1.170.49
IndustrialsIndustrials18.580.89
TechnologyTechnology11.120.92
 
Category: Europe ex-UK Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings64
Total Number of Bond Holdings0
Assets in Top 10 Holdings41.67
NameSectorCountry% of Assets
SAP SE311Germany5.45
ASML Holding NV311Netherlands4.96
Novartis AG Registered Shares206Switzerland4.73
Nestle SA205Switzerland4.69
Lvmh Moet Hennessy Louis Vuitton SE102France4.38
Allianz SE103Germany3.87
Deutsche Telekom AG308Germany3.77
Compagnie Financiere Richemont SA Cla... 102Switzerland3.47
Munchener Ruckversicherungs-Gesellsch... 103Germany3.23
Airbus SE310Netherlands3.12
 
Increase Decrease New since last portfolio
Category: Europe ex-UK Equity
 
Management
Name of CompanyThreadneedle Investment Services Ltd
Phone44-20-7464-5000
Websitewww.columbiathreadneedle.com
AddressCannon Place, 78 Cannon Street
 London   EC4N 6AG
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date01/10/2012
Fund Advisor(s)
Threadneedle Asset Management Ltd.
Fund ManagerPaul Doyle
Manager Start Date24/06/2014
Education
Trinity College, B.A.
 
Biography
Paul Doyle joined the company in 1995 as a portfolio manager in the European equities team. He jointly manages the Pan European Absolute Alpha strategy and manages the CT European Fund, as well as number of institutional portfolios. He became Head of Large Cap European equities in 2022. Paul started his career with Fidelity as an analyst before moving to Foreign & Colonial as a European portfolio manager, where he specialised in smaller companies and Mediterranean markets. He holds a degree in History and History of Art from Trinity College, Cambridge.
Fund ManagerFrederic Jeanmaire
Manager Start Date01/12/2019
Education
HEC(Paris), B.A./B.S.
 
Biography
Frederic Jeanmaire joined the company in 2011 and is a portfolio manager within the European equities team. He is the portfolio manager for the CT Pan European Focus Fund as well as several European institutional mandates. He jointly manages the Pan European Absolute Alpha strategy. Before joining the company, Fred worked at Merrill Lynch as an equity research analyst covering the leisure and telecoms sectors. His teams at Merrill Lynch were ranked in the top three in the Institutional Investor annual rankings in 2010 and 2011. Frederic holds a degree in Management from HEC Paris and also holds the Chartered Financial Analyst designation.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge3.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.88%
Purchase Details
Minimum Investments
Initial2000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes