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Past performance is not a guarantee of future performance. It should be remembered that the value of investments may fall as well as rise, investors may not get back the amount of money invested, currency movements may have a negative as well as positive influence on returns and past performance is not necessarily an indicator of future performance. Any investment decision should be made solely on the basis of the information and risk warnings contained within the information memorandum and/or prospectus issued by or on behalf of the fund or company concerned.
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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.
Read more about our investment themes
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 Share Class: SECULAR EURO RETAIL ACC SHARE CLASS
ISIN Code: IE00B8XC4845
Consult Monthly Factsheet
ISIN Code Share Class: SECULAR EURO INSTITUTIONAL ACC AI SHARE CLASS
ISIN Code: IE00B8XCNZ43
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.
TDCPMRA ID EQUITY
IE00B8XC4845
Retail Accumulating EUR
- FUND NAME
- Tendercapital Secular Euro
- CLASS
- Retail
- WKN
- A1W3HE
- ISIN
- IE00B8XC4845
- NAV DATE
- 30-03-2023
- NAV PRICE
- 6.961
- NAV %
- 0.709
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past.
This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years*.
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
Past performances have been calculated in Euro.
*the fund was approved by the Central Bank of Ireland on 19 February 2013 and the Share Class was launched on 27 June 2013, therefore 2013 does not provide a useful indication of past performance due to insufficent
data to provide a one complete calendar year performance (as for 2022).
Funds Documents
- Tendercapital Memorandum and Articles Funds PLC
- Tendercapital Funds PLC Prospectus
- Sustainability related disclosure
Full Prospectus
[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.