Threadneedle Pan European Focus Z

European (including UK) equity fund with a focused portfolio.

  • 284.71p
    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.

  • -
    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).

  • 0.93%
    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.

  • 0.50%
    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 09 April 2021

The Fund aims to achieve above average capital growth by investing in European equities, UK equities, cash and derivatives. The Fund has the flexibility to take significant stock and sector positions, which may lead to increased levels of volatility. Where securities are non-euro denominated they may be hedged into Euros. The Manager may hold a substantial proportion or all of the Fund in cash and/or money market instruments.

Fund summary

Sector Europe Including UK
Structure OEIC
Launched October, 2012
Size £84m
Yield 0.50%
Charging basis Income
Dividends paid Acc units only

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 0.93%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -1.40%
  • 17/18 0.41%
  • 18/19 0.40%
  • 19/20 1.30%
  • 20/21 0.14%

Bestinvest MRI

  • 3 years 0.61%
  • 5 years 0.17%
  • Career 0.32%
  • 3 years 96.00%
  • 5 years 81.30%
  • Career 95.80%

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

Frederic Jeanmaire

Jeanmaire is fund manager across a range of European (Pan-Europe and Europe ex-UK) long-only equity funds for institutional and retail clients. He took over management of the group’s Pan European Focus fund as lead manager Dan Ison became deputy, effective 1 September 2014. Sector responsibilities (Europe ex-UK): banks, telecoms, media and support services. He joined Threadneedle in April 2011 from Merrill Lynch where he was telecoms analyst in 2010-2011 and prior to that in 2007-2009 leisure analyst.

Track record

Frederic Jeanmaire has 6.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.32%. During the worst period of relative performance (from December 2015 - February 2017) there was a decline of 17% relative to the index. The worst absolute loss has been 13%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 96%.

Periods of worst performance

Absolute -13.00% (August 2018 - December 2018)
Relative -17.00% (December 2015 - February 2017)

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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Top 10 holdings

Data accurate as at 31 May 2020

4.9% Just Eat Takeaway.com Nv
4.9% Teamviewer Ag
4.9% Asml Holding Nv
4.9% Lonza Group Ag
4.7% Nestle Sa
4.7% Deutsche Borse Ag
4.7% Novo-Nordisk As
4.7% Teleperformance
4.6% Sika Ag
4.6% Nexi Spa
Source: Trustnet

Sector breakdown

Information Technology 24.00%
Health Care 20.00%
Industrials 16.00%
Financials 12.00%
Consumer Staples 9.00%
Consumer Discretionary 8.00%
Materials 8.00%
Communications 4.00%

Key Investor Information

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