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The Tendercapital Ltd funds are not available for purchase by US persons. Shares in the funds described on this website are not available for sale in any jurisdiction in which sale would be prohibited. Nothing in this website constitutes investment, legal, tax or other advice nor is it to be relied upon in making an investment decision. Please note that authorization by the FCA does not imply official approval or recommendation.

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Tendercapital Ltd is authorized and regulated by the Financial Conduct Authority.


TCSETendercapital Secular Euro

Tendercapital Secular Euro is a long-only thematic equity fund actively managed which invests in companies across the European equity market engaged in the area of «Robotics&Automation», «Sustainable Environment», «Digital Economy» and «Healthy Living». The fund promotes environmental, social and governance (ESG) criteria through a combination of exclusion, integration of ESG parameters and active management. ESG criteria are interwined with traditional financial analysis to define the reference framework for portfolio structuring.

The Fund in a nutshell

Read more about our investment themes

ESG Report


Risk-reward profile

Achieve a positive annual return with a medium risk profile.


The month of January was characterised by major gains for the major European stock markets. The fund maintained a broad diversification with 69 stocks in the portfolio. The fund continued to maintain a balanced exposure between cyclical and defensive sectors.

Industrial and technology are the most heavily represented sectors in the fund, at 13% and 12% respectively. The fund maintained a preponderant exposure to small and large segments, with the latter at 65% in January, in line with the previous month. The largest positive contributor for the month was Zalando, which benefited from the positive market sentiment. The worst contributor was Equinor, mainly due to exogenous market factors. The portfolio’s beta was stable at 1. In terms of secular trends, digital economy was the trend with the highest weighting in the portfolio at 39.5%. The weight of the top ten stocks in the portfolio increased to 42% mainly due to market movements. Cash remained unchanged at 7% over the month. Of note was the total sale of the position in Ubisoft for fundamental reasons and the addition of Stellantis, an automotive company, to the top ten. The fund maintains an ESG rating of AA, based on MSCI scores.


Europe Large-Cap Blend Equity

ISIN Code: IE00B8XC4845
Consult Monthly Factsheet


DISTRIBUTION Ireland, United Kingdom, Italy, Switzerland


The KIID (Key Investment Information Document) provides you with key investor information about the funds.
The information is required by law to help you understand the nature and the risks of investing in this fund.
You are advised to read it so you can make an informed decision about whether to invest.
Please select just the KIID(s) related to your country of residence.


The KID (Key Information Document) is a pre-contractual document, which enable retail investors to understand and compare the key features and risks of the relevant product.
The KID provides the key information about the investment product and therefore is not marketing material.
The information is required by law to help retail investors to understand the nature, risks, costs, potential gains and losses of the product.
The investors are advised to read the KID in order to make an informed decision about whether to invest.


[1] Distributors marked with [1] act as sub-distributors on behalf of Allfunds Bank S.A., which serves as primary distributor (without exclusive agreement) of Tendercapital Funds plc’s shares in Italy, with option to make use of sub-distributors.

[2] Distributors marked with [2] act as sub-distributors on behalf of Online Sim SpA, which serves as primary distributor (without exclusive agreement) of Tendercapital Funds plc’s shares in Italy, with option to make use of sub-distributors.

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