Morningstar Fund Report  | 05/04/2025Print

ASI European Smaller Companies Fund Z Acc

Performance History28/02/2019
Growth of 1,000 (GBP) Advanced Graph
ASI European Smaller Companies Fund Z Acc
Fund9.018.822.5-4.411.0
+/-Cat-11.01.5-4.813.5-
+/-B’mrk-7.13.0-1.710.7-
 
Category: Europe Small-Cap Equity
Category Benchmark: Morningstar Dev Eur Sml TME...
Key Stats
NAV
14/03/2019		 GBX 1974.46
Day Change 0.02%
Morningstar Category™ Europe Small-Cap Equity
IA (formerly IMA) Sector European Smaller Companies
ISIN GB00B0XWN697
Fund Size (Mil)
03/04/2025		 GBP 68.48
Share Class Size (Mil)
31/01/2019		 GBP 1.89
Max Initial Charge -
Ongoing Charge
31/07/2023		  1.29%
Investment Objective: ASI European Smaller Companies Fund Z Acc
To generate growth over the longer term (5 years or more) by investing in European smaller capitalisation equities (company shares). The fund will invest at least 70% in equities and equity related securities of smaller capitalisation companies listed, incorporated or domiciled in European countries, or companies that derive a significant proportion of their revenues or profits from European operations or have a significant proportion of their assets there. European countries include the emerging markets of Europe and the UK.
Returns
Trailing Returns (GBP)14/03/2019
YTD13.36
3 Years Annualised17.24
5 Years Annualised11.17
10 Years Annualised16.09
12 Month Yield 1.57
Management
Manager Name
Start Date
Andrew Paisley
23/07/2018
Inception Date
10/04/2006

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE Developed Small Cap NR GBPMorningstar Dev Eur Sml TME NR EUR
Portfolio Profile for  ASI European Smaller Companies Fund Z Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.310.0098.31
Bond0.090.000.09
Property0.000.000.00
Cash2.450.851.61
Other0.000.000.00
Top 5 Regions%
Eurozone56.56
Europe - ex Euro22.21
United Kingdom21.24
United States0.00
Canada0.00
Top 5 Sectors%
Industrials36.44
Consumer Cyclical16.78
Financial Services15.62
Technology6.81
Consumer Defensive5.26
Top 5 HoldingsSector%
CTS Eventim AG & Co. KGaACommunication ServicesCommunication Services5.09
Brunello Cucinelli SpAConsumer CyclicalConsumer Cyclical4.86
Gaztransport et technigaz SAEnergyEnergy4.63
Addtech AB Class BIndustrialsIndustrials4.54
DO & Co AGIndustrialsIndustrials4.48
Increase Decrease New since last portfolio
ASI European Smaller Companies Fund Z Acc
Growth Of 1000 (GBP) 28/02/2019
Fund:  ASI European Smaller Companies Fund Z Acc
Category:  Europe Small-Cap Equity
Category Index:  Morningstar Dev Eur Sml TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2019
 201220132014201520162017201828/02
Price Return23.0917.85-4.098.9718.8522.48-4.4010.95
+/- Category2.64-15.47-2.10-11.031.47-4.8313.51-
+/- Category Index-0.08-32.595.06-7.052.98-1.6810.67-
% Rank in Category23867286174622
Trailing Returns (GBP)14/03/2019
   Total Returns   +/- Category   +/- Category Index
1 Day0.02   0.461.75
1 Week0.68   3.174.02
1 Month0.93   3.734.55
3 Months10.75   10.788.96
6 Months-7.84   -5.47-6.73
YTD13.36   12.4211.09
1 Year5.99   6.984.85
3 Years Annualised17.24   18.8516.32
5 Years Annualised11.17   1.941.37
10 Years Annualised16.09   9.759.98
 
Category: Europe Small-Cap Equity
Category Index: Morningstar Dev Eur Sml TME NR EUR
Quarterly Returns (GBP)28/02/2019
 Quarter 1Quarter 2Quarter 3Quarter 4
2018-1.1912.833.82-17.41
20176.956.873.053.99
20160.081.3810.016.48
20158.55-2.06-5.398.34
2014-0.08-0.94-5.672.72
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Europe Small-Cap EquityClick here to see our Methodology
Volatility Measurements28/02/2019
 
3-Yr Std Dev12.84 %
3-Yr Mean Return17.83 %
 
3-Yr Sharpe Ratio1.26
 
Modern Portfolio Statistics28/02/201928/02/2019
 Standard IndexBest Fit Index
 Morningstar Dev Eur Sml TME NR EUR  Morningstar Dev Eur SMID TME NR EUR
3-Yr Beta1.011.09
3-Yr Alpha5.645.34
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 3657-
Market Capitalisation% of Equity
Giant0.00
Large0.00
Medium76.55
Small22.76
Micro0.69
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings19.821.44
Price/Book3.692.06
Price/Sales1.791.77
Price/Cash Flow14.321.70
Dividend-Yield Factor2.350.80
 
Long-Term Projected Earnings Growth7.800.70
Historical Earnings Growth13.841.67
Sales Growth10.9425.31
Cash-Flow Growth17.841.75
Book-Value Growth9.70-16.73
 
Category: Europe Small-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.310.0098.31
Bond0.090.000.09
Property0.000.000.00
Cash2.450.851.61
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom21.240.91
Eurozone56.561.11
Europe - ex Euro22.210.90
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 Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.940.63
Consumer CyclicalConsumer Cyclical16.781.20
Financial ServicesFinancial Services15.621.22
Real EstateReal Estate0.810.19
Consumer DefensiveConsumer Defensive5.261.24
HealthcareHealthcare3.870.40
UtilitiesUtilities0.610.68
Communication ServicesCommunication Services5.181.04
EnergyEnergy4.711.90
IndustrialsIndustrials36.441.38
TechnologyTechnology6.810.48
 
Category: Europe Small-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings47
Total Number of Bond Holdings0
Assets in Top 10 Holdings43.03
NameSectorCountry% of Assets
CTS Eventim AG & Co. KGaA308Germany5.09
Brunello Cucinelli SpA102Italy4.86
Gaztransport et technigaz SA309France4.63
Addtech AB Class B310Sweden4.54
DO & Co AG310Austria4.48
Lagercrantz Group AB Class B310Sweden4.07
Diploma PLC310United Kingdom4.01
Nemetschek SE311Germany4.01
Intermediate Capital Group PLC103United Kingdom3.90
Interparfums205France3.44
 
Increase Decrease New since last portfolio
Category: Europe Small-Cap Equity
 
Management
Name of Companyabrdn Fund Managers Limited
Phone-
Websitehttps://www.abrdn.com/en-gb
Address280 Bishopsgate
 London   EC2M 4AG
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date10/04/2006
Fund Advisor(s)
abrdn Investments Limited
Fund ManagerAndrew Paisley
Manager Start Date23/07/2018
Career Start Year1997
 
Biography
Andrew Paisley is Head of Smaller Companies and is responsible for the management of the European Smaller Companies strategy which includes a Luxembourg SICAV fund, UK OEIC fund and a number of segregated mandates. As head of the team, he is responsible for the management of the UK, Europe and Global Small Cap Team and performance. Andrew began his career as a Chartered Accountant at Arthur Andersen, before becoming sector analyst for Sutherlands Stockbrokers. He joined Edinburgh Fund Managers in 1999, joining Kempen Capital Management in 2006. In 2011, he became co-manager of all UK smaller company mandates at Scottish Widows Investment Partnership, prior to joining Aberdeen Standard Investments in August 2014 as Deputy Head of Smaller Companies before being appointed Head of Smaller Companies in March 2020. Andrew has an LLB (Hons), CA, IMC.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Chargen/a
Ongoing Charge1.29%
Purchase Details
Minimum Investments
Initial1000000  GBP
Additional10000  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes