European Micro Cap

Introduction

Fondita European Micro Cap invests in small, high quality companies in Europe with a market cap of less than 800 million euros.

The fund invests in smaller niche players with a strong market position and a clear focus on long term growth and shareholder value creation. We find these companies within sectors such as industrial technology, medical technology, information technology and consumer related businesses. Among Europe’s smaller niche players are several family owned companies with good growth opportunities, sound balance sheets, and a high level of profitability. Smaller companies are also potential takeover candidates.

Fondita European Micro Cap is an actively managed fund with around 30 holdings and a long term investment horizon. The fund does not invest in shares of Eastern European companies.

Fund facts

Fund size 35,0 MEUR
Fund unitholders 215
ISIN (A) FI4000242847
ISIN (B) FI4000242854
Legal structure UCITS
Currency EUR
Management fee 2,00 % p.a.
Risk profile 6/7

Top 5 Holdings

Steico (DE) 5,7 %
Medios (DE) 5,4 %
Nexus (DE) 5,1 %
Eckert & Ziegler (DE) 4,8 %
Secunet (DE) 4,5 %

Top 5 Countries

Germany 60 %
France 11 %
Switzerland 8 %
Great Britain 5 %
Sweden 4 %

Return

Return Fund Index
1 month 7,7 % 8,2 %
3 months 17,2 % 23,2 %
6 months 23,5 % 34,5 %
YTD 20,3 % 18,7 %
1 year 20,3 % 18,7 %
3 years 15,3 % 25,8 %
since launch (7.3.2017) 43,2 % 36,4 %
since launch p.a. 9,9 % 8,5 %
(Index = MSCI Europe Micro Cap NR EUR)
Portfolio managers

Sector Division

Health Care 28 %
Information Technology 25 %
Industrials 24 %
Consumer Discretionary 13 %
Communication Services 4 %
Materials 3 %
Real Estate 2 %
Cash 1 %
Utilities 1 %

Top 10 Holdings

Steico (DE) 5,7 %
Medios (DE) 5,4 %
Nexus (DE) 5,1 %
Eckert & Ziegler (DE) 4,8 %
Secunet (DE) 4,5 %
Nacon (FR) 4,5 %
Sdiptech (SE) 4,4 %
Musti Group (FI) 4,3 %
Adesso (DE) 4,0 %
Coltene (CH) 4,0 %

Country Division

Germany 60 %
France 11 %
Switzerland 8 %
Great Britain 5 %
Sweden 4 %
Finland 4 %
Italy 3 %
Netherlands 2 %
Denmark 1 %
Belgium 0 %

Currency Exposure

EUR 81 %
CHF 8 %
GBP 5 %
SEK 4 %
DKK 1 %
The past performance of the investment fund does not provide any guarantee of future results. Depending on market conditions, the fund unit value may rise or fall.

Risk Profile

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Less risk
More risk
A high number means that the fund has a higher risk and that the value of the fund can vary greatly. This means that both return and risk potential is greater.

Return

Return Fund Index
1 month 7,7 % 8,2 %
3 months 17,2 % 23,2 %
6 months 23,5 % 34,5 %
YTD 20,3 % 18,7 %
1 year 20,3 % 18,7 %
3 years 15,3 % 25,8 %
since launch (7.3.2017) 43,2 % 36,4 %
since launch p.a. 9,9 % 8,5 %
(Index = MSCI Europe Micro Cap NR EUR)

Std Dev

3 years 24,0 %
Launch 22,0 %

Sharpe

3 years 0,32
Launch 0,82

Fees

TER 2,00 %
Subscription fee 0,00 %
Redemption fee 1,00 %
Total client relationship allow for changes in tariff rate.
31.12.2020

Our Funds