Morningstar® Fund Report™
Baring Europe Select Trust (EUR)
Performance History 30/04/2025
Growth of 1,000(EUR) Advanced Graph
Fund 21.07 -23.46 8.06 4.77 0.45
+/-Cat -5.60 -0.51 -0.77 1.47 -1.52
+/-Idx 0.49 -0.96 -6.38 0.22 -4.90
Category: Europe ex-UK Small/Mid-Cap Equity
Index: Morningstar Developed Europe ex-UK Small Cap Target Market Exposure NR EUR
Trailing Returns 15/05/2025
Fund +/-Idx
YTD 5.75 -4.77
3 Years 14.28 -9.63
5 Years 41.14 -26.39
10 Years 64.27 -25.08
12 Month Yield 0.00
Dividend Paying Frequency Semi-Annually
Key Stats
Morningstar Category
Europe ex-UK Small/Mid-Cap Equity
Morningstar Rating™
ISIN
GB00B3NSX137
NAV 15/05/2025
EUR 63.1300
Day Change
0.11%
Total Net Assets (mil)
30/04/2025
USD 589.04
Front Load Fee
3.00%
Deferred Load Fee
-
Manager Name
William Cuss
Colin Riddles
Rosemary Simmonds
Nicholas Williams
Inception Date
15/10/2009
Benchmark
Fund Benchmark
EMIX Smlr European Coms Ex UK TR GBP
Morningstar® Benchmark
Morningstar Developed Europe ex-UK Small Cap Target Market Exposure NR EUR
Investment strategy
The investment objective of the Trust is to achieve capital growth by investing in Europe excluding the United Kingdom. The Trust will seek to achieve its investment objective by investing at least 75% of its total assets directly and indirectly in equities and equity-related securities of smaller companies incorporated in, or exercising the predominant part of their economic activity in Europe excluding the United Kingdom, or quoted or traded on the stock exchanges in Europe excluding the United Kingdom. Smaller European companies can be defined as those companies which are constituents of the bottom 30% of total market capitalisation of Europe’s listed companies (this excludes companies in the United Kingdom).
Portfolio Profile 31/03/2025
Morningstar Style Box®_Morningstar:
Equity Style
Asset Allocation %
% Long % Short % Net Assets
Stocks 95.08 0.00 95.08
Bonds 0.00 0.00 0.00
Cash 4.98 0.06 4.92
Other 0.00 0.00 0.00
Top 5 Regions %
Eurozone 64.09
Europe - ex Euro 34.69
United States 0.98
Asia - Emerging 0.24
Canada 0.00
Top 5 Sectors %
 Industrials 23.19
 Financial Services 20.94
 Consumer Cyclical 14.23
 Basic Materials 8.92
 Technology 7.31
Top 5 Holdings Sector %
ASR Nederland NV Financial Services Financial Services 2.48
Hera SpA Utilities Utilities 2.26
Lottomatica Group SpA Consumer Cyclical Consumer Cyclical 2.15
Bankinter SA Financial Services Financial Services 2.13
Scout24 SE Communication Services Communication Services 2.02

Price Chart

  • Baring Europe Select Trust (EUR)
Return Charts
3 Months 6 Months 1 Year 3 Years 5 Years 10 Years
Index Currency
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Fund: Baring Europe Select Trust (EUR)
Index: Please select ...
Annual Returns 30/04/2025
2018 2019 2020 2021 2022 2023 2024 2025
Total Return -11.88 26.79 6.20 21.07 -23.46 8.06 4.77 0.45
+/- Category 5.31 0.63 -8.35 -5.60 -0.51 -0.77 1.47 -1.52
+/- Index 3.98 -3.43 -2.67 0.49 -0.96 -6.38 0.22 -4.90
% Rank (Rel to Cat) 12 62 77 78 53 61 42 33
Trailing Returns 15/05/2025
Total Return +/- Category +/- Index
1 Day 0.11 -0.06 -0.14
1 Week 2.65 0.18 0.14
1 Month 9.75 -0.44 0.38
3 Months -1.45 -1.18 -4.21
6 Months 6.30 -0.12 -4.64
YTD 5.75 -0.30 -4.77
1 Year 1.71 -1.46 -5.25
3 Years 14.28 -3.69 -9.63
5 Years 41.14 -28.32 -26.39
10 Years 64.27 -28.21 -25.08
Quarterly Returns 30/04/2025
Quarter 1 Quarter 2 Quarter 3 Quarter 4
2025 -0.69 - - -
2024 6.12 -1.32 2.73 -2.61
2023 6.39 -1.69 -3.25 6.78
2022 -13.79 -14.13 -8.27 12.72
Dividend 15/05/2025
12 Month Yield 0.00
2025 -
2024 0.21
2023 0.53
2022 0.60
Morningstar Rating™                 Relative to Category 30/04/2025
3-Year
5-Year
10-Year
Overall
Volatility Measurements 30/04/2025
1-Yr Volatility 9.52%   3-Yr Volatility 15.77%
1-Yr MaximumDrawdown -5.36% 3-Yr MaximumDrawdown -19.12%
1 Yr Sharpe Ratio -0.32 3-Yr Sharpe Ratio -0.01
3-Yr Mean Return 0.20%
Investment Style Details 31/03/2025
Morningstar Style Box®_Morningstar:
Equity Style
Size Relative to Category
Average Mkt Cap (Mil) GBP 3572.69 0.00
Market Capitalisation % Of Equity
Giant 0.00
Large 1.04
Medium 75.10
Small 18.94
Micro 0.00
Valuations and Growth Rates Equity Portfolio Relative to Category
Price/Prospective Earnings 13.79 0.00
Price/Book 1.92 0.00
Price/Sales 0.95 0.00
Price/Cash Flow 7.74 0.00
Dividend-Yield Factor 3.05 0.00
Long-Term Projected Earnings Growth 8.15 0.00
Historical Earnings Growth 6.76 0.00
Sales Growth 2.70 0.00
Cash-Flow Growth 5.73 0.00
Book-Value Growth 6.61 0.00
AssetAllocation 31/03/2025
Asset Allocation
% Long % Short % Net Assets
Stocks 95.08 0.00 95.08
Bonds 0.00 0.00 0.00
Cash 4.98 0.06 4.92
Other 0.00 0.00 0.00
World Regions 31/03/2025
% Of Equity Relative to Category
United States 0.98 0.00
Canada 0.00 0.00
Latin America 0.00 0.00
United Kingdom 0.00 0.00
Eurozone 64.09 0.00
Europe - ex Euro 34.69 0.00
Europe - Emerging 0.00 0.00
Africa 0.00 0.00
Middle East 0.00 0.00
Japan 0.00 0.00
Australasia 0.00 0.00
Asia - Developed 0.00 0.00
Asia - Emerging 0.24 0.00
Emerging Market 0.24 0.00
Developed Country 99.76 0.00
Not Classified 0.00 0.00
Stock Sector Weightings 31/03/2025
% Of Equity Relative to Category
CyclicalCyclical 44.87 -
Basic MaterialsBasic Materials 8.92 -
Consumer CyclicalConsumer Cyclical 14.23 -
Financial ServicesFinancial Services 20.94 -
Real EstateReal Estate 0.78 -
Sensitive 36.20 -
Communication ServicesCommunication Services 3.62 -
EnergyEnergy 2.08 -
IndustrialsIndustrials 23.19 -
TechnologyTechnology 7.31 -
DefensiveDefensive 14.02 -
Consumer DefensiveConsumer Defensive 5.03 -
HealthcareHealthcare 6.72 -
UtilitiesUtilities 2.26 -
Top 10 Holdings 31/03/2025
Portfolio
Total Number of Equity Holdings 97
Total Number of Bond Holdings 0
Assets in Top 10 Holdings % 20.18
Product Name Sector Country/Region % of Assets
ASR Nederland NV Financial Services Financial Services Netherlands 2.48
Hera SpA Utilities Utilities Italy 2.26
Lottomatica Group SpA Consumer Cyclical Consumer Cyclical Italy 2.15
Bankinter SA Financial Services Financial Services Spain 2.13
Scout24 SE Communication Services Communication Services Germany 2.02
Euronext NV Financial Services Financial Services Italy 1.90
FinecoBank SpA Financial Services Financial Services Italy 1.89
Avolta AG Consumer Cyclical Consumer Cyclical Switzerland 1.89
Aryzta AG Consumer Defensive Consumer Defensive Switzerland 1.80
Koninklijke Vopak NV Energy Energy Netherlands 1.66
Management Team
CompanyName Baring Fund Managers Ltd
Phone +44 20 76286000
Website Beaufort House
Address 51 New North Road
Exeter


 
Domicile GBR
Legal Structure Unit Trust
UCITS Yes
Inception Date 15/10/2009
Fund Advisor(s)
Baring Asset Management Ltd
Fund Manager   William Cuss
Manager Start Date   07/02/2020
Education  
Biography  
William Cuss is an Investment Manager on Barings’ Small Cap Equity team and co-manager of the Barings Europe Select Trust, the Barings European Opportunities Fund and the Barings International Small Cap strategy. He has worked in the industry since 2014. William joined the firm in 2016 from Investec, where he was an Equity Analyst, focusing on the European consumer staples sector. Previously, William worked as an auditor for Ernst & Young, where he qualified as a Chartered Accountant. William holds a BA (Hons) in History and Politics from the University of Warwick and is a member of the CFA Institute.
Fund Manager   Colin Riddles
Manager Start Date   30/09/2016
Education  
Stirling University
Biography  
Colin is a Portfolio manager in the Small Cap Equity Team and co-manager of the Barings Europe Select Trust, the Barings European Opportunities Fund and the Barings International Small Cap strategy. He joined Barings in March 2010 from GLG, where he was responsible for their UK Small Company Fund. Previously, he worked at HSBC Halbis, Scottish Widows and General Accident. Colin has a BA (Hons) in Financial Studies & Computer Science, an MSc in Investment Analysis from Stirling University and an MBA from Edinburgh Business School. He is a member of the CFA UK.
Fund Manager   Rosemary Simmonds
Manager Start Date   30/09/2016
Education  
University of Oxford
Biography  
Rosie is a Portfolio manager in the Small Cap Equity Team, co-manager of the Barings Europe Select Trust, the Barings European Opportunities Fund and the Barings International Small Cap strategy. Rosie joined Barings in September 2010 from Baillie Gifford where she worked for three years as an Investment Analyst. Rosie graduated from Oxford University with a degree in Modern History. She was awarded the IMC certificate in 2009 and is a CFA Charterholder.
Fund Manager   Nicholas Williams
Manager Start Date   13/01/2005
Education  
Biography  
Nick is Head of Small Cap Equities and co-manager of the Barings Europe Select Trust, the Barings European Opportunities Fund and the Barings International Small Cap strategy. He joined Barings in 2004, having previously worked for 11 years at Singer & Friedlander, where he was Head of the European desk and a member of the Investment Policy Committee. During his tenure at Singer & Friedlander, Nick was responsible for managing both institutional and retail European funds across the capitalisation range. Nick has a BA (Hons) in English Language and Literature from Corpus Christi College, Oxford.
Fees and Expenses
Sales Charges (Maximum)
Front Load Fee 3.00%
Deferred Load Fee -
Switching Fee 1.00%
Annual Charge
Management (Max) 1.50%

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