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FP CRUX EUROPEAN I GBP

FP CRUX EUROPEAN I GBP - Overview

Overview of FP CRUX EUROPEAN I GBP Buy in ISA Buy in Investment Account

The investment objective of the Fund is to achieve long-term capital growth by investing primarily in equities of European companies.

  • Standard Initial Charge 0.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched October, 2015
Size £173m
Yield 2.8%
Charging basis
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.96%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Information Investor Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 97
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 3
Allocation Proportion(%)
UK 4
Europe 92
North America 4
Japan 0
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 66
Mid Caps 27
Small Caps 7
View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) 115.07p
Accum units 123.73p
Fund commentary
Fund data updated on 15/01/19

Asset allocation

Allocation Proportion(%)
Equity 97
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 3

Equity Geographic

Allocation Proportion(%)
UK 4
Europe 92
North America 4
Japan 0
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 66
Mid Caps 27
Small Caps 7

Top 10 holdings

As at: 31/10/2018
4.6418%Aroundtown Property Hldgs
3.3813%Nestle Sa
3.2136%Brenntag Ag
3.0886%Iss Holdings
3.0706%Sanofi
2.99% Sika Ag
2.9332%Kuehne & Nagel International Ag
2.8953%Novartis Ag
2.854%Bureau Veritas
2.7981%Alphabet Inc
Source: Trustnet

Sector breakdown

Capital Goods 22%
Services 15%
Materials 10%
Biotechnology/Medical 8%
Money Market 6%
Food, Beverages and Tobacco 5%
Media 5%
Transport 5%
Real Estate 5%
Banks 5%

Portfolio details

No information available.

Constraints

No information available.

Average monthly relative returns Bestinvest MRI
14/15 15/16 16/17 17/18 18/19   3 years 5 years Career 3 years 5 years Career
0.13% 0.62% 0.09% 0.07% -0.50%   -0.11% 0.08% 0.28% 44.80% 81.30% 98.60%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Richard Pease / James Milne

Manager. Pease began his career at Knight Frank & Rutley as a graduate trainee, before moving to the Central Board of Finance for the Church of England where he ran two funds. He moved to Windsor Investment Management in 1987 where he set up and ran the European Unit Trust. In 1989 he joined Jupiter, running the Jupiter European fund and heading up a five-strong team. He joined New Star in May 2001 and then Henderson when it acquired New Star in 2009 and was a Director of European Equities there from 2009-2015. In June 2015 Pease set up Crux, bringing his European Special Situations with him from Henderson. He holds a BA in General Arts from Durham University. Milne graduated from Magdalen College, Oxford with a double first class degree in Engineering Science. He began his career in 2002 at KPMG in London where he qualified as a chartered accountant before moving into corporate finance. In 2006 he joined New Star Asset Management and in 2009 he transferred to Henderson Global Investors when it bought New Star. He worked on the Henderson European Special Situations fund from launch in 2009 and in 2015 he moved to CRUX at the same time as the fund and Pease.

Track record

Richard Pease / James Milne has 9.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.28%. During the worst period of relative performance (from September 2016 - December 2018) there was a decline of 11% relative to the index. The worst absolute loss has been 22%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.

Periods of worst performance
Absolute -22% (April 2011 - September 2011)
Relative -11% (September 2016 - December 2018)

Other funds managed

Sector record since October 2009 (9 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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