Jupiter European Special Situations I

  • 539.94p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 578.69p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.02%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.20%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 30 November 2021, fund data last updated 02 April 2014

The Fund targets long-term capital growth by exploiting special situations in Europe. Manager Cedric de Fonclare looks for companies with good products, good management and a strong operating niche, and favours businesses offering predictable long-term growth rather than playing the market cycle. The process is primarily bottom-up, but the manager aims to achieve diversification by investing in companies with a range of growth drivers, such as indirect emerging market exposure and growing world trade.

Fund summary

Sector Europe Excluding UK
Structure UNIT TRUST
Launched
Size £328m
Yield 0.20%
Charging basis Income
Dividends paid 31 March

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.02%

Allocation

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Investment process

This is a relatively focused, unconstrained fund that would typically hold between 50 and 70 stocks. Diversification is achieved through investing in both growth and value stocks to reduce volatility and protect against changes in market sentiment. The fund has a structural bias to large and medium sized companies. A strong financial and management track record is deemed to be important, regarded as a sign for generating growth above GDP and producing above average returns. The portfolio construction is primarily bottom-up, with analysis including sustainable growth and barriers to entry. De Fonclare tends to capture these characteristics through investment themes that he considers to be attractive. Typical themes include indirect emerging market exposure and growing world trade. The investment process incorporates company meetings and a detailed analysis of the company's financial performance.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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.

Allocation

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Allocation

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Sector breakdown

Consumer Discretionary 25.00%
Technology 18.00%
Industrials 15.00%
Health Care 14.00%
Financials 11.00%
Basic Materials 9.00%
Consumer Staples 5.00%
Telecommunications 2.00%
Money Market 1.00%

Portfolio

Fund has approximately 50-70 holdings.

Key Investor Information - Income

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Key Investor Information - Accumulation

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