Lansdowne Partners TM Lansdowne European Special Situations Fund Class I Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
30/11/24 to 30/11/25 |
|
|---|---|---|---|---|---|
| Fund | 10.3% | -9.3% | 8.0% | 7.9% | 22.6% |
| Sector | 14.9% | -6.0% | 8.8% | 6.6% | 20.1% |
| Rank | 110/124 | 101/130 | 99/131 | 67/132 | 55/133 |
| Quartile | 4 | 4 | 4 | 3 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/25 |
5 Years to 30/11/25 |
10 Years to 30/11/25 |
||
| Fund | 12.6% | 7.4% | 8.5% | |
| Sector | 11.7% | 8.5% | 9.0% | |
| Rank | 64/131 | 93/124 | 57/100 | |
| Quartile | 2 | 3 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| IBERDROLA SA | 7.40 |
| SCHNEIDER ELECTRIC SE | 7.22 |
| TELE2 AB | 7.12 |
| INTESA SANPAOLO SPA | 6.67 |
| LINDE PUBLIC LIMITED COMPANY | 6.06 |
| KBC GROEP NV | 5.46 |
| SAMPO OYJ | 4.96 |
| COMPAGNIE FINANCIERE RICHEMONT SA | 4.80 |
| ESSILORLUXOTTICA | 4.53 |
| HEIDELBERG MATERIALS AG | 3.96 |
| Total | 58.19 |
Fund Aims
The investment objective of the Fund is to achieve long term capital growth by investing in European (excluding the UK) equities of companies in special situations.
Fund Manager
Daniel joined Lansdowne Partners in April 2006 and is the Portfolio Manager for the European Long Only Strategy. Prior to joining Lansdowne, Daniel worked for five years in the Pan-European telecoms services equities research team at Dresdner Kleinwort Wasserstein which was ranked 1st in the 2005 Extel Survey. Daniel holds a Master’s degree with Distinction in Information Technology and a First Class Honours for his Bachelor degree in Mechanical Engineering with Mathematics from the University of Nottingham. Daniel is a holder of the CFA. Daniel has been a Partner of the firm since April 2011 and has sat on the Management Committee since September 2018.
Fund Overview
| Mid (08/12/2025) | 431.32p |
| Historic yield | 1.00% |
| Fund size (26/11/2025) | £566.94m |
| Number of holdings | 34 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.88% |
| Launch date | 08/06/2015 |
Asset Allocation
| International Equities | 96.84% | |
| UK Equities | 3.16% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 96.84% | |
| UK Equities | 3.16% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 23.55% | - | - | - | |
| Industrial Goods & Services | - | 16.02% | - | - | |
| Electronic & Electrical Equipment | - | - | 7.22% | - | |
| Electrical Components | - | - | - | 7.22% | |
| General Industrials | - | - | 3.86% | - | |
| Diversified Industrials | - | - | - | 3.50% | |
| Containers & Packaging | - | - | - | 0.37% | |
| Aerospace & Defence | - | - | 2.48% | - | |
| Defense | - | - | - | 2.48% | |
| Industrial Support Services | - | - | 2.45% | - | |
| Professional Business Support Services | - | - | - | 2.45% | |
| Construction & Materials | - | 7.53% | - | - | |
| Construction & Materials | - | - | 7.53% | - | |
| Cement | - | - | - | 3.96% | |
| Building Materials: Other | - | - | - | 3.57% | |
| Financials | 22.33% | - | - | - | |
| Banks | - | 15.92% | - | - | |
| Banks | - | - | 15.92% | - | |
| Banks | - | - | - | 15.92% | |
| Insurance | - | 6.41% | - | - | |
| Non-life Insurance | - | - | 6.41% | - | |
| Property & Casualty Insurance | - | - | - | 4.96% | |
| Full Line Insurance | - | - | - | 1.45% | |
| Consumer Discretionary | 9.11% | - | - | - | |
| Consumer Products & Services | - | 4.80% | - | - | |
| Personal Goods | - | - | 4.80% | - | |
| Luxury Items | - | - | - | 4.80% | |
| Travel & Leisure | - | 2.96% | - | - | |
| Travel & Leisure | - | - | 2.96% | - | |
| Airlines | - | - | - | 2.01% | |
| Casinos & Gambling | - | - | - | 0.95% | |
| Automobiles & Parts | - | 1.34% | - | - | |
| Automobiles & Parts | - | - | 1.34% | - | |
| Tires | - | - | - | 1.13% | |
| Auto Parts | - | - | - | 0.21% | |
| Health Care | 9.05% | - | - | - | |
| Health Care | - | 9.05% | - | - | |
| Medical Equipment & Services | - | - | 6.48% | - | |
| Medical Supplies | - | - | - | 6.48% | |
| Pharmaceuticals & Biotechnology | - | - | 2.57% | - | |
| Pharmaceuticals | - | - | - | 2.57% | |
| Basic Materials | 8.92% | - | - | - | |
| Chemicals | - | 6.06% | - | - | |
| Chemicals | - | - | 6.06% | - | |
| Chemicals: Diversified | - | - | - | 6.06% | |
| Basic Resources | - | 2.86% | - | - | |
| Industrial Metals & Mining | - | - | 2.86% | - | |
| General Mining | - | - | - | 2.86% | |
| Telecommunications | 8.36% | - | - | - | |
| Telecommunications | - | 8.36% | - | - | |
| Telecommunications Service Providers | - | - | 8.36% | - | |
| Telecommunications Services | - | - | - | 8.36% | |
| Utilities | 7.40% | - | - | - | |
| Utilities | - | 7.40% | - | - | |
| Electricity | - | - | 7.40% | - | |
| Conventional Electricity | - | - | - | 7.40% | |
| Technology | 4.72% | - | - | - | |
| Technology | - | 4.72% | - | - | |
| Technology Hardware & Equipment | - | - | 3.69% | - | |
| Production Technology Equipment | - | - | - | 3.69% | |
| Software & Computer Services | - | - | 1.03% | - | |
| Computer Services | - | - | - | 1.03% | |
| Consumer Staples | 4.27% | - | - | - | |
| Food, Beverage & Tobacco | - | 3.40% | - | - | |
| Food Producers | - | - | 3.40% | - | |
| Food Products | - | - | - | 3.40% | |
| Personal Care, Drug & Grocery Stores | - | 0.87% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.87% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.87% | |
| Energy | 2.29% | - | - | - | |
| Energy | - | 2.29% | - | - | |
| Non-Renewable Energy | - | - | 2.29% | - | |
| Integrated Oil & Gas | - | - | - | 2.29% | |
Regional Allocation
| Developed Europe - Excl UK | 96.84% | |
| UK | 3.16% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 95.03% | |
| Cash | 4.27% | |
| Norwegian Krone | 0.70% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 96.84% | - | |
France
|
- | 17.83% | |
Germany
|
- | 13.48% | |
Switzerland
|
- | 10.69% | |
Sweden
|
- | 9.98% | |
Italy
|
- | 9.31% | |
Ireland
|
- | 8.44% | |
Spain
|
- | 7.70% | |
Netherlands
|
- | 7.60% | |
Belgium
|
- | 5.46% | |
Finland
|
- | 4.96% | |
Denmark
|
- | 1.37% | |
| UK | 3.16% | - | |
United Kingdom
|
- | 3.16% | |
Breakdown By Market Cap (%)
| Mega |
|
57.45% |
| Large |
|
14.27% |
| Medium |
|
11.14% |
| Non-Classified |
|
17.13% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | IBERDROLA SA | 7.40% | Electricity | Spain |
| 2 | SCHNEIDER ELECTRIC SE | 7.22% | Electronic & Electrical Equipment | France |
| 3 | TELE2 AB | 7.12% | Telecommunications Service Providers | Sweden |
| 4 | INTESA SANPAOLO SPA | 6.67% | Banks | Italy |
| 5 | LINDE PUBLIC LIMITED COMPANY | 6.06% | Chemicals | Ireland |
| 6 | KBC GROEP NV | 5.46% | Banks | Belgium |
| 7 | SAMPO OYJ | 4.96% | Non-life Insurance | Finland |
| 8 | COMPAGNIE FINANCIERE RICHEMONT SA | 4.80% | Personal Goods | Switzerland |
| 9 | ESSILORLUXOTTICA | 4.53% | Medical Equipment & Services | France |
| 10 | HEIDELBERG MATERIALS AG | 3.96% | Construction & Materials | Germany |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 4.72% | - | - | - | - | - | - | 4.72% |
| Telecommunications | - | 8.36% | - | - | - | - | - | - | 8.36% |
| Financials | - | 22.33% | - | - | - | - | - | - | 22.33% |
| Consumer Discretionary | - | 9.11% | - | - | - | - | - | - | 9.11% |
| Consumer Staples | 0.87% | 3.40% | - | - | - | - | - | - | 4.27% |
| Energy | 2.29% | - | - | - | - | - | - | - | 2.29% |
| Utilities | - | 7.40% | - | - | - | - | - | - | 7.40% |
| Health Care | - | 9.05% | - | - | - | - | - | - | 9.05% |
| Industrials | - | 23.55% | - | - | - | - | - | - | 23.55% |
| Basic Materials | - | 8.92% | - | - | - | - | - | - | 8.92% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BTJRQ06 |
| Mex Code | 0JAAP |
| Isin Code | GB00BTJRQ064 |
| Citi Code | GMZ5 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.88% |
Aims and Benchmark
| Aims | The investment objective of the Fund is to achieve long term capital growth by investing in European (excluding the UK) equities of companies in special situations. |
| Benchmark | The Investment Association Europe ex UK Sector is used as a performance comparator |
| Benchmark Category | Comparator |
| IA Sector | Europe Excluding UK |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £100.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 April | 31 May |
| 01 October | 30 November |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | State Street Trustees Limited |
| Fund Administrator | State Street Bank and Trust Company |
| Fund Registrar | SS&C Financial Services Europe Limited |
| Fund Custodian | State Street Bank and Trust Company |
Group Details
| Group name | Lansdowne Partners |
| Group address | Lansdowne Partners 65 Curzon Street London W1J 8PE |
| Group telephone | 020 7290 5500 |
| Dealing telephone | - |
| - | |
| Homepage | https://www.lansdownepartners.com/london/home/ |
| Fax number | - |
Dealing
| Minimum Investment | £15000000 |
| Minimum Top Up | £500000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.