Morningstar Fund Report  | 07/04/2025Print

Man International ICVC - Man Continental European Growth Fund Retail Accumulation Shares (Class A)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Man International ICVC - Man Continental European Growth Fund Retail Accumulation Shares (Class A)
Fund10.3-19.419.1-2.4-5.3
+/-Cat-5.1-10.65.6-3.4-10.5
+/-B’mrk-7.0-11.94.1-4.4-13.0
 
Category: Europe ex-UK Equity
Category Benchmark: Morningstar DM Eur xUK TME ...
Key Stats
NAV
04/04/2025		 GBX 649.10
Day Change -3.38%
Morningstar Category™ Europe ex-UK Equity
IA (formerly IMA) Sector Europe Excluding UK
ISIN GB00B0119370
Fund Size (Mil)
04/04/2025		 GBP 601.69
Share Class Size (Mil)
04/04/2025		 GBP 0.88
Max Initial Charge -
Ongoing Charge
14/02/2025		  1.65%
Investment Objective: Man International ICVC - Man Continental European Growth Fund Retail Accumulation Shares (Class A)
The investment objective of the Fund is to outperform (net of fees) the FTSE World Europe ex UK Index (GBP, GDTR) over rolling 5 year periods from an actively managed portfolio. The Fund seeks to achieve its objective by investing, directly or indirectly, at least 80% of its assets in the securities of companies listed on European stock exchanges.
Returns
Trailing Returns (GBP)04/04/2025
YTD-9.31
3 Years Annualised0.03
5 Years Annualised6.07
10 Years Annualised7.66
12 Month Yield 0.00
Management
Manager Name
Start Date
Rory Powe
01/10/2014
Nikolaus von Abercron
12/07/2024
Inception Date
17/07/1998

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE World Eur Ex UK TR GBPMorningstar DM Eur xUK TME NR EUR
Portfolio Profile for  Man International ICVC - Man Continental European Growth Fund Retail Accumulation Shares (Class A)28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.280.0099.28
Bond0.000.000.00
Property0.000.000.00
Cash25.6024.880.72
Other0.000.000.00
Top 5 Regions%
Eurozone68.08
Europe - ex Euro23.25
United States4.93
United Kingdom3.73
Canada0.00
Top 5 Sectors%
Industrials26.93
Technology22.18
Consumer Cyclical20.38
Healthcare19.30
Basic Materials6.36
Top 5 HoldingsSector%
Novo Nordisk AS Class BHealthcareHealthcare8.35
Ryanair Holdings PLCIndustrialsIndustrials7.03
Moncler SpAConsumer CyclicalConsumer Cyclical5.97
SAP SETechnologyTechnology5.41
ASML Holding NVTechnologyTechnology5.41
Increase Decrease New since last portfolio
Man International ICVC - Man Continental European Growth Fund Retail Accumulation Shares (Class A)
Growth Of 1000 (GBP) 31/03/2025
Fund:  Man International ICVC - Man Continental European Growth Fund Retail Accumulation Shares (Class A)
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-11.7529.7723.7310.27-19.3619.08-2.40-5.25
+/- Category0.0110.5114.36-5.15-10.615.56-3.41-10.49
+/- Category Index--15.82-6.96-11.884.09-4.41-12.99
% Rank in Category525109190785100
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.38   0.830.89
1 Week-6.71   0.390.24
1 Month-14.04   -6.00-6.72
3 Months-9.34   -8.49-10.79
6 Months-13.20   -9.39-11.18
YTD-9.31   -8.81-11.14
1 Year-19.93   -14.64-17.16
3 Years Annualised0.03   -4.28-5.74
5 Years Annualised6.07   -5.09-5.77
10 Years Annualised7.66   0.980.88
 
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
2025-5.25---
202411.65-3.87-2.60-6.63
20238.494.40-6.9212.95
2022-15.10-14.72-0.1111.50
2021-6.669.900.726.72
2020-9.9322.403.798.14
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageHigh2 star
5-YearLowHigh1 star
10-YearAbove AverageAbove Average3 star
OverallAverageHigh2 star
 
Category :  Europe ex-UK EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev18.33 %
3-Yr Mean Return3.15 %
 
3-Yr Sharpe Ratio-0.05
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar DM Eur xUK TME NR EUR  Morningstar Dev Europe Grt TME NR EUR
3-Yr Beta1.241.22
3-Yr Alpha-6.79-4.06
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 52479-
Market Capitalisation% of Equity
Giant42.09
Large37.76
Medium16.41
Small3.74
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings27.421.73
Price/Book5.222.28
Price/Sales4.322.62
Price/Cash Flow17.421.53
Dividend-Yield Factor1.360.42
 
Long-Term Projected Earnings Growth10.381.02
Historical Earnings Growth16.692.22
Sales Growth12.323.42
Cash-Flow Growth7.582.46
Book-Value Growth9.111.64
 
Category: Europe ex-UK Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.280.0099.28
Bond0.000.000.00
Property0.000.000.00
Cash25.6024.880.72
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States4.932.88
Canada0.000.00
Latin America0.00-
United Kingdom3.732.40
Eurozone68.081.01
Europe - ex Euro23.250.80
Europe - Emerging0.000.00
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 Materials6.360.96
Consumer CyclicalConsumer Cyclical20.382.01
Consumer DefensiveConsumer Defensive4.850.75
HealthcareHealthcare19.301.35
IndustrialsIndustrials26.931.28
TechnologyTechnology22.181.83
 
Category: Europe ex-UK Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings26
Total Number of Bond Holdings0
Assets in Top 10 Holdings56.33
NameSectorCountry% of Assets
Novo Nordisk AS Class B206Denmark8.35
Ryanair Holdings PLC310Ireland7.03
Moncler SpA102Italy5.97
SAP SE311Germany5.41
ASML Holding NV311Netherlands5.41
Ferrari NV102Italy5.40
Essilorluxottica206France4.78
L'Oreal SA205France4.73
Adyen NV311Netherlands4.65
Rational AG310Germany4.60
 
Increase Decrease New since last portfolio
Category: Europe ex-UK Equity
 
Management
Name of CompanyMan Fund Management UK Limited
Phone-
Websitewww.man.com
AddressRiverbank House, 2 Swan Lane, London EC4R 3AD
 London   -
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date17/07/1998
Fund Advisor(s)
GLG Partners LP
Fund ManagerRory Powe
Manager Start Date01/10/2014
Career Start Year1990
Education
1985, University of Oxford, B.A.
 
Biography
Rory Powe is a Portfolio Manager, focused on global equities as well as dedicated responsible investment strategies. Rory joined Man Group in July 2014. Prior to this, he founded Powe Capital Management ('PCM') in 2001, where he managed its European funds for 12 years. Before founding PCM, Rory was a global partner at Invesco and ran its flagship continental European strategy for 10 years. Rory graduated from the University of Oxford with a BA in Modern History.
Fund ManagerNikolaus von Abercron
Manager Start Date12/07/2024
Career Start Year2008
Education
University of Maastricht, B.Sc
EADA Business School, Barcelona, M.Sc
 
Biography
Nikolaus von Abercron is a portfolio manager at Man GLG, with an additional focus on equity research. Nikolaus joined Man GLG in 2019. Prior to this, he spent almost five years at PrimeStone Capital. Before that, Nikolaus was part of Triton Partners's public equity team from 2012 to 2014, focusing on European small and mid-cap stocks. Nikolaus started his career at UBS Investment Bank as an analyst in 2008 as part of the M&A team in Frankfurt, Germany. He holds a Bachelor of Science from the University Maastricht and a Master of Science from EADA Business School in Barcelona.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.65%
Purchase Details
Minimum Investments
Initial500000  GBP
Additional250  GBP
Savings-
Tax Free Savings Schemes
ISAsYes