Morningstar Fund Report  | 23/04/2025Print

CT European Smaller Companies Fund Retail Accumulation GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
CT European Smaller Companies Fund Retail Accumulation GBP
Fund14.2-27.112.2-5.2-3.9
+/-Cat-4.6-8.55.9-3.8-5.8
+/-B’mrk-2.6-11.02.0-3.3-9.3
 
Category: Europe ex-UK Small/Mid-Cap Equity
Category Benchmark: MSCI Europe ex UK Small Cap...
Key Stats
NAV
22/04/2025		 GBP 9.61
Day Change -0.36%
Morningstar Category™ Europe ex-UK Small/Mid-Cap Equity
IA (formerly IMA) Sector European Smaller Companies
ISIN GB0001531424
Fund Size (Mil)
31/03/2025		 GBP 205.20
Share Class Size (Mil)
22/04/2025		 GBP 9.61
Max Initial Charge 3.75%
Ongoing Charge
21/02/2025		  1.68%
Investment Objective: CT European Smaller Companies Fund Retail Accumulation GBP
The Fund aims to achieve capital growth over the long term (5 years, or more). It also looks to outperform the MSCI Europe ex UK Small Cap 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 European smaller companies.
Returns
Trailing Returns (GBP)22/04/2025
YTD-4.96
3 Years Annualised-2.36
5 Years Annualised3.14
10 Years Annualised5.90
12 Month Yield 0.43
Management
Manager Name
Start Date
Mine Tezgul
01/12/2019
Inception Date
14/11/1997

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe ex UK Small Cap NR EURMSCI Europe ex UK Small Cap NR EUR
Portfolio Profile for  CT European Smaller Companies Fund Retail Accumulation GBP31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.040.0097.04
Bond0.000.000.00
Property0.000.000.00
Cash3.250.292.96
Other0.000.000.00
Top 5 Regions%
Eurozone67.67
Europe - ex Euro31.29
United States0.52
Europe - Emerging0.52
Canada0.00
Top 5 Sectors%
Industrials28.74
Financial Services21.31
Consumer Cyclical11.77
Basic Materials11.16
Technology9.83
Top 5 HoldingsSector%
BlackRock ICS Euro Liq Prem (Acc... 2.99
Wienerberger AGBasic MaterialsBasic Materials2.58
Konecranes OyjIndustrialsIndustrials2.51
Elis SAIndustrialsIndustrials2.48
Storebrand ASAFinancial ServicesFinancial Services2.35
Increase Decrease New since last portfolio
CT European Smaller Companies Fund Retail Accumulation GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  CT European Smaller Companies Fund Retail Accumulation GBP
Category:  Europe ex-UK Small/Mid-Cap Equity
Category Index:  MSCI Europe ex UK Small Cap NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-11.6824.0720.5414.19-27.0812.17-5.21-3.95
+/- Category4.594.98-0.46-4.62-8.505.88-3.78-5.85
+/- Category Index3.172.792.50-2.64-10.981.95-3.33-9.28
% Rank in Category1911527689177395
Trailing Returns (GBP)22/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.36   -0.35-0.44
1 Week-1.06   -3.07-1.22
1 Month-6.17   -0.54-1.98
3 Months-11.12   -7.27-10.70
6 Months-7.58   -4.15-9.20
YTD-4.96   -4.52-9.75
1 Year-8.76   -7.05-11.05
3 Years Annualised-2.36   -3.09-3.76
5 Years Annualised3.14   -5.70-6.97
10 Years Annualised5.90   -1.75-2.14
 
Category: Europe ex-UK Small/Mid-Cap Equity
Category Index: MSCI Europe ex UK Small Cap NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.95---
20241.74-2.962.18-6.05
20238.25-2.87-4.5811.80
2022-17.76-17.86-4.8713.48
2021-1.447.554.583.01
2020-19.8826.888.529.26
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAbove Average2 star
5-YearLowAverage1 star
10-YearBelow AverageAverage2 star
OverallBelow AverageAverage2 star
 
Category :  Europe ex-UK Small/Mid-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev17.11 %
3-Yr Mean Return-1.86 %
 
3-Yr Sharpe Ratio-0.34
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 MSCI Europe ex UK Small Cap NR EUR  Morningstar Dev Eur Sml TME NR EUR
3-Yr Beta1.031.04
3-Yr Alpha-4.27-4.29
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 3845-
Market Capitalisation% of Equity
Giant0.00
Large1.45
Medium82.22
Small16.33
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.111.04
Price/Book2.231.12
Price/Sales1.441.27
Price/Cash Flow9.871.19
Dividend-Yield Factor3.421.19
 
Long-Term Projected Earnings Growth8.560.97
Historical Earnings Growth13.561.90
Sales Growth6.632.31
Cash-Flow Growth22.871.47
Book-Value Growth7.061.34
 
Category: Europe ex-UK Small/Mid-Cap Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.040.0097.04
Bond0.000.000.00
Property0.000.000.00
Cash3.250.292.96
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States0.520.46
Canada0.00-
Latin America0.000.00
United Kingdom0.000.00
Eurozone67.671.04
Europe - ex Euro31.290.99
Europe - Emerging0.52325.18
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Europe ex-UK Small/Mid-Cap Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials11.161.56
Consumer CyclicalConsumer Cyclical11.771.00
Financial ServicesFinancial Services21.311.52
Real EstateReal Estate1.780.78
Consumer DefensiveConsumer Defensive3.170.98
HealthcareHealthcare6.490.59
Communication ServicesCommunication Services3.490.72
EnergyEnergy2.260.80
IndustrialsIndustrials28.741.07
TechnologyTechnology9.830.65
 
Category: Europe ex-UK Small/Mid-Cap Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings78
Total Number of Bond Holdings0
Assets in Top 10 Holdings23.73
NameSectorCountry% of Assets
BlackRock ICS Euro Liq Prem (Acc T0) EURIreland2.99
Wienerberger AG101Austria2.58
Konecranes Oyj310Finland2.51
Elis SA310France2.48
Storebrand ASA103Norway2.35
AIB Group PLC103Ireland2.27
Tryg AS103Denmark2.18
SIG Group AG Ordinary Shares102Switzerland2.15
Avanza Bank Holding AB103Sweden2.12
Fluidra SA310Spain2.10
 
Increase Decrease New since last portfolio
Category: Europe ex-UK Small/Mid-Cap 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 Date14/11/1997
Fund Advisor(s)
Threadneedle Asset Management Ltd.
Fund ManagerMine Tezgul
Manager Start Date01/12/2019
Career Start Year2005
Education
University of Chicago, B.A.
INSEAD, M.B.A.
 
Biography
Mine Tezgul is a portfolio manager in the European equities team. She manages the European smaller companies strategy and jointly manages the pan European small cap opportunities strategy. Mine joined the company in 2018 as an equity analyst and became a portfolio manager in 2019 and head of small cap European equities in 2022. Before joining the company, Mine was as an equity analyst focusing on developed market equities at Lansdowne Partners, SAC Global Investors and Highbridge Capital Management. She started her career in 2005 with Citigroup as a financial analyst in investment banking. She holds a BA in Economics with General Honours from the University of Chicago and an MBA with Distinction from INSEAD.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge3.75%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.68%
Purchase Details
Minimum Investments
Initial2000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes