Morningstar Fund Report  | 02/04/2025Print

Ardtur EUROPEAN FOCUS FUND GBP I

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
Ardtur EUROPEAN FOCUS FUND GBP I
Fund17.410.016.51.611.1
+/-Cat2.118.34.9-0.32.5
+/-B’mrk-0.214.53.3-2.40.9
 
Category: Europe Large-Cap Blend Equity
Category Benchmark: Morningstar DM Eur TME NR EUR
Key Stats
NAV
31/03/2025		 GBP 244.23
Day Change -0.92%
Morningstar Category™ Europe Large-Cap Blend Equity
IA (formerly IMA) Sector -
ISIN IE000Q9Q6Y60
Fund Size (Mil)
31/03/2025		 EUR 719.11
Share Class Size (Mil)
31/03/2025		 GBP 16.06
Max Initial Charge -
Ongoing Charge
30/11/2024		  0.90%
Investment Objective: Ardtur EUROPEAN FOCUS FUND GBP I
The investment objective of the Sub-Fund is to generate long-term capital growth through investing in equities of European companies in developed European equity markets.
Returns
Trailing Returns (GBP)31/03/2025
YTD12.27
3 Years Annualised12.69
5 Years Annualised*20.00
10 Years Annualised*-
12 Month Yield 0.00
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Oliver Kelton
28/01/2022
Inception Date
28/01/2022

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe NR USDMorningstar DM Eur TME NR EUR
Portfolio Profile for  Ardtur EUROPEAN FOCUS FUND GBP I31/12/2024
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock95.310.0095.31
Bond0.000.000.00
Property0.000.000.00
Cash4.840.154.69
Other0.000.000.00
Top 5 Regions%
Eurozone57.03
United Kingdom18.40
Europe - ex Euro16.82
United States7.75
Canada0.00
Top 5 Sectors%
Financial Services25.23
Energy18.55
Basic Materials15.80
Communication Services14.46
Consumer Defensive11.96
Top 5 HoldingsSector%
Shell PLCEnergyEnergy8.71
Telefonaktiebolaget L M Ericsson... TechnologyTechnology6.76
Deutsche Bank AGFinancial ServicesFinancial Services6.62
BNP Paribas Act. Cat.AFinancial ServicesFinancial Services5.71
Commerzbank AGFinancial ServicesFinancial Services5.36
Increase Decrease New since last portfolio
Ardtur EUROPEAN FOCUS FUND GBP I
Growth Of 1000 (GBP) 28/02/2025
Fund:  Ardtur EUROPEAN FOCUS FUND GBP I
Category:  Europe Large-Cap Blend Equity
Category Index:  Morningstar DM Eur TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 2018*2019*2020*2021*2022*2023202428/02
Price Return-1.341.736.3617.439.9916.471.6311.11
+/- Category10.50-15.882.042.1118.294.91-0.332.54
+/- Category Index7.92-17.363.80-0.2114.553.29-2.360.85
% Rank in Category199283416605
Trailing Returns (GBP)31/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.92   0.39-1.94
1 Week-2.35   -0.08-0.53
1 Month1.05   3.672.65
3 Months12.27   6.253.78
6 Months9.11   7.153.90
YTD12.27   6.253.78
1 Year10.88   7.754.71
3 Years Annualised12.69   6.184.20
5 Years Annualised*20.00   8.806.51
10 Years Annualised*-   --
 
Category: Europe Large-Cap Blend Equity
Category Index: Morningstar DM Eur TME NR EUR
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20242.91-0.822.46-2.82
20238.91-3.075.094.99
20222.14*-5.99-3.6218.86
20219.46*5.10*1.83*0.25*
2020-26.64*18.12*-3.75*27.53*
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighHigh5 star
5-Year*HighHigh5 star
10-Year*--Not Rated
Overall*HighHigh5 star
 
Category :  Europe Large-Cap Blend EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev14.85 %
3-Yr Mean Return14.39 %
 
3-Yr Sharpe Ratio0.65
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar DM Eur TME NR EUR  Morningstar Dev Europe Val TME NR EUR
3-Yr Beta1.021.12
3-Yr Alpha3.220.65
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 28708-
Market Capitalisation% of Equity
Giant27.23
Large49.41
Medium18.43
Small4.92
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings8.560.57
Price/Book0.780.36
Price/Sales0.640.40
Price/Cash Flow4.230.38
Dividend-Yield Factor6.171.84
 
Long-Term Projected Earnings Growth10.991.15
Historical Earnings Growth-8.34-1.28
Sales Growth6.071.70
Cash-Flow Growth6.392.33
Book-Value Growth6.161.22
 
Category: Europe Large-Cap Blend Equity
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock95.310.0095.31
Bond0.000.000.00
Property0.000.000.00
Cash4.840.154.69
Other0.000.000.00
World Regions31/12/2024
 % of EquityRelative to Category
United States7.754.47
Canada0.000.00
Latin America0.000.00
United Kingdom18.400.91
Eurozone57.031.04
Europe - ex Euro16.820.72
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Europe Large-Cap Blend Equity
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials15.802.82
Financial ServicesFinancial Services25.231.21
Consumer DefensiveConsumer Defensive11.961.32
Communication ServicesCommunication Services14.462.99
EnergyEnergy18.556.04
IndustrialsIndustrials2.810.15
TechnologyTechnology11.181.20
 
Category: Europe Large-Cap Blend Equity
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings29
Total Number of Bond Holdings0
Assets in Top 10 Holdings55.30
NameSectorCountry% of Assets
Shell PLC309United Kingdom8.71
Telefonaktiebolaget L M Ericsson Class B311Sweden6.76
Deutsche Bank AG103Germany6.62
BNP Paribas Act. Cat.A103France5.71
Commerzbank AG103Germany5.36
TotalEnergies SE309France4.86
Basf SE101Germany4.57
ArcelorMittal SA New Reg.Shs ex-Arcelor101United States4.46
Telefonica SA308Spain4.15
Anheuser-Busch InBev SA/NV205Belgium4.09
 
Increase Decrease New since last portfolio
Category: Europe Large-Cap Blend Equity
 
Management
Name of CompanyS. W. Mitchell Capital LLP
Phone+44 20 72903580
Websitewww.swmitchellcapital.com
Address38 Jermyn Street
 London   SW1Y 6DN
 United Kingdom
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date28/01/2022
Fund Advisor(s)
S. W. Mitchell Capital LLP
Fund ManagerOliver Kelton
Manager Start Date28/01/2022
Education
2001, University of Bristol
 
Biography
Oliver joined S. W. Mitchell Capital in September 2023 as the Investment Manager of the Ardtur European Equity Funds. He previously worked at Brook Asset Management as the lead Portfolio Manager for European Equity and at Waverton Investment Management, where he joined as a European Equity Analyst. In 2003, he started managing specialist Pan-European equity portfolios and took over running the Waverton European Focus Fund in 2010 (now Ardtur European Focus Fund). He also assumed responsibility for the Brook Continental European Fund in 2015 (now Ardtur Continental European Fund) and the Odey Pan European Fund in 2023 (now Ardtur Pan European Fund). In 2016, Oliver successfully launched the Brook European Absolute Return Focus Fund (now Ardtur European Focus Absolute Return Fund), a plain vanilla long-short European equity fund. He has a 1st class honours degree in Economics and Politics from Bristol University.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.70%
Ongoing Charge0.90%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo