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Overview
ESG
Performance​
Investment Process​
Key Facts​
Fees & Charges​
Holdings
Literature​

CT (Lux) Pan European Small Cap Opportunities W EUR

Equity
SICAV
|
ISIN: LU0299975861
    Asset class
    Equity
    Region of investment
    Europe
    Domicile
    LU
    Share class currency
    EUR
    Price (NAV)
    (as at May 06, 2025)
    €75.0906
    Price Change
    (as at May 06, 2025)
    0.04%Change up
    Fund size
    (as at Apr 30, 2025)
    €195.84mn
    SFDR Category
    8

    Key Documents

    • Annual Report and Accounts, English Download Button
    • Interim Report and Accounts, English Download Button
    • 2 documents availableContext Menu Icon
    • Professional Investor Factsheet (Net), English Download Button
    • Prospectus, English Download Button
    • 2 documents availableContext Menu Icon

    Overview

    Fund objective and policy

    The Fund aims to increase the value of your investment over the long term. The Fund invests at least two-thirds of its assets in shares of smaller companies in Europe, including the UK, or companies that have significant operations there. The Fund considers European smaller companies to be those, that at the time of purchase, are no larger by free-float adjusted market capitalisation than the largest constituent of the MSCI Europe Small Cap Index. Free-float market capitalisation includes only shares available for purchase in public equity markets. The Fund may use derivatives (complex instruments) for hedging purposes and may also invest in asset classes and instruments different from those stated above. The Fund is actively managed in reference to the MSCI Europe Small Cap Index. The index is broadly representative of the companies in which the Fund invests, and provides a suitable target benchmark against which Fund performance will be measured and evaluated over time. The index is not designed to specifically consider environmental or social characteristics. The fund manager has discretion to select investments with weightings different to the index, and that are not in the index, and the Fund may display significant divergence from the index. The Fund promotes environmental and social characteristics by integrating a range of responsible investment measures into the investment process, and ensures that the companies it invests in follow good governance practices. The Fund aims to compare favourably against the index over rolling 12-month periods when assessed using the Columbia Threadneedle ESG (environmental, social and governance) Materiality Rating model, which indicates how much exposure a company has to material ESG risks and opportunities. At least 50% of the Fund is invested in companies that have a strong rating. The Fund also commits to investing at least 15% of its assets in sustainable investments. The Fund excludes companies that derive certain levels of revenue from industries such as, but not limited to, coal and tobacco. It also excludes companies that have direct involvement in nuclear or controversial weapons, and companies determined to have breached international standards and principles. The fund manager engages with companies to encourage improvement of their ESG practices. Columbia Threadneedle Investments is a signatory to the Net Zero Asset Managers Initiative and has committed to an ambition to reach net zero emissions by 2050 or sooner for a range of assets, including the Fund. The fund manager uses its proactive engagement with companies to assist with progressing this and may disinvest from those not meeting the minimum standards. Further information about the environmental or social characteristics promoted by the Fund is available in the SFDR RTS Annex of the Prospectus available at www.columbiathreadneedle.com. The Fund is considered to fall within the scope of Article 8 of SFDR.

    Fund Managers

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    Mine Tezgul
    Head of Pan European Small Cap Equities
    Philip Dicken
    Head of International Equities
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    Environmental, Social and Governance Introduction

    At Columbia Threadneedle Investments we incorporate financially material ESG factors in our research and decision-making with the objective of delivering stronger, long term risk-adjusted returns. Different funds may put more emphasis on ESG factors and some may have specific ESG objectives. The classifications, disclosures and policies below are provided to inform your investment decisions.

    SFDR Category
    8

    Sustainability-related disclosures

    • SFDR Periodic Disclosure (PD), English Download Button
    • SFDR Pre-Contractual Disclosure (PCD), English Download Button
    • Statement on principal adverse impacts of investment decisions on sustainability factors, English Download Button
    • Sustainable Finance Disclosure Regulation - Article 10, English Download Button
    • Task Force on Climate-Related Financial Disclosures (TCFD) – Product Level Report, English Download Button

    Performance

    Significant Events

    Fund Changes

    For detailed information on Fund Changes please see "Significant Events - Threadneedle (Lux) Funds" PDF available on www.columbiathreadneedle.com/en/changes//

    Key Risks

    • The value of investments can fall as well as rise and investors might not get back the sum originally invested.
    • Where investments are in assets that are denominated in multiple currencies, or currencies other than your own, changes in exchange rates may affect the value of the investments.
    • The Fund holds assets which could prove difficult to sell. The Fund may have to lower the selling price, sell other investments or forego more appealing investment opportunities.
    • The Fund may invest in derivatives (complex instruments linked to the rise and fall of the value of other assets) with the aim of reducing risk or minimising the cost of transactions. Such derivative transactions may benefit or negatively affect the performance of the Fund. The Manager does not intend that such use of derivatives will affect the overall risk profile of the Fund.
    • An investment style bias can impact a Fund’s performance relative to its benchmark in a positive or negative way. No investment style performs well in all market conditions. When one style is in favour another may be out of favour. Such conditions may persist for short or long periods. A Fund exhibits a growth style bias relative to its benchmark if the majority of the Fund invests in companies with above average growth rates, or good growth potential (based on indicators such as earnings and sales growth) relative to its benchmark. However, there is no guarantee that such companies will continue to show such characteristics in the future. A Fund’s investment style may also change over time.
    • The Fund applies a range of measures as part of its consideration of ESG factors, including the exclusion of investments involved in certain industries and/or activities. This reduces the investable universe, and may impact the performance of the Fund positively or negatively relative to a benchmark or other funds without such restrictions.
    • The fund typically carries a risk of high volatility due to its portfolio composition or the portfolio management techniques used. This means that the fund’s value is likely to fall and rise more frequently and this could be more pronounced than with other funds.
    • The risks currently identified as applying to the Fund are set out in the "Risk Factors" section of the prospectus.

    PRIIPS SRI

    We have classified this product as 5 out of 7, which is a medium-high risk class. This rates the potential losses from future performance at a medium-high level, and poor market conditions will likely impact the value of your investment.

    Investment Process

    The fund invests mainly in European small and mid-sized companies, and typically holds between 80 and 100 positions. The portfolio manager can take significant country and sector positions relative to the index. Research is carried out by our European small-cap team across a wide range of mid-sized and smaller companies. Access to company management is an important part of our research process and we have over 500 contacts with management per annum.

    We use this research to select companies which can generate and sustain high returns on capital via successful business models. This usually means that the companies have competitive advantages which boost pricing power and we use Professor Michael Porter’s framework, “Porter’s Five Forces”, to assess this. The market assumes that these competitive advantages will fade over time; we seek companies which can resist this tendency and are therefore undervalued.

    We are not constrained by mechanistic limits on sector and country weightings, barring those which are required under applicable regulations. In order to manage risk, we carefully limit the maximum percentage exposure to any one company.

    Key Facts

    Fund

    • Product type
      SICAV
    • Capability
      Equity : Europe
    • Asset class
      Equity
    • Region of investment
      Europe
    • Index
      MSCI Europe Small Cap Index
    • Peer Group
      Morningstar Category Europe Small/Mid-Cap Equity Combined
    • Fund Launch Date
      Jan 23, 2007
    • Fund Currency
      EUR
    • Fund Domicile
      Luxembourg
    • Fund Umbrella
      Columbia Threadneedle (Lux) I
    • Investment Management Company
      Threadneedle Asset Management Limited

    Share class

    • Share class currency
      EUR
    • Share Class Launch Date
      Jun 22, 2007
    • Minimum Initial Investment
      €10,000.00
    • Distribution Frequency
      N/A
    • XD Date(s)
      N/A
    • Pay Date(s)
      N/A

    Codes

    • ISIN
      LU0299975861
    • SEDOL
      B71H428
    • Bloomberg ID
      AMESMAW LX
    • WKN
      A0PAM9
    • Valoren
      3104851

    Fees & Charges

    Full Portfolio Holdings

    Literature

    Regulatory Documents

    • Annual Report and Accounts, English Download Button
    • Extraordinary General Meeting Notice, English Download Button
    • Instrument of Incorporation, English Download Button
    • Interim Report and Accounts, English Download Button
    • 2 documents availableContext Menu Icon
    • Prospectus, English Download Button
    • Prospectus appendix - Dilution Adjustment Rates, English Download Button

    Fund Literature

    • Monthly Commentary, English Download Button
    • Professional Investor Factsheet (Net), English Download Button
    • Quarterly Commentary, English Download Button
    • 2 documents availableContext Menu Icon
    • SFDR Periodic Disclosure (PD), English Download Button
    • SFDR Pre-Contractual Disclosure (PCD), English Download Button
    • Statement on principal adverse impacts of investment decisions on sustainability factors, English Download Button
    • Sustainable Finance Disclosure Regulation - Article 10, English Download Button
    • Task Force on Climate-Related Financial Disclosures (TCFD) – Product Level Report, English Download Button
    Download All

    Fund Managers

    Mine Tezgul
    Head of Pan European Small Cap Equities

    Mine is Head of Pan European Small Cap Equities at Columbia Threadneedle Investments. She manages the CT European Smaller Companies strategy, and jointly manages the CT Pan European Small Cap Opportunities strategy. Mine joined the Manager in 2018 and became a portfolio manager in 2019. Prior to this, Mine was an equity analyst focusing on developed market equities, working at Lansdowne Partners, SAC Global Investors and Highbridge Capital Management. She started her career with Citigroup as a financial analyst in its investment banking division. She holds a BA in Economics with General Honours from the University of Chicago and an MBA with Distinction from INSEAD.

    Philip Dicken
    Head of International Equities

    Philip Dicken joined the company in 2004 and has managed the pan European smaller companies strategy since it was launched in 2005, and jointly manages Pan European Small Cap Opportunities. He became head of European equities in 2012 and head of international equities in 2022. He started his career with Merrill Lynch as an analyst in the Corporate Finance division and holds a first-class degree in Mechanical Engineering with study in Continental Europe from Bristol University. He holds the Chartered Financial Analyst designation and is a member of the CFA Society of the UK.

    Important Information

    Columbia Threadneedle (Lux) I is a Luxembourg domiciled investment company with variable capital ("SICAV"), managed by Threadneedle Management Luxembourg S.A.. This material should not be considered as an offer, solicitation, advice or an investment recommendation. This communication is valid at the date of publication and may be subject to change without notice. Information from external sources is considered reliable but there is no guarantee as to its accuracy or completeness. The SICAV´s current Prospectus, the Key Information Document and the summary of investor rights are available in English and/ or in local languages (where applicable) from the Management Company Threadneedle Management Luxembourg S.A., International Financial Data Services (Luxembourg) S.A., your financial advisor and/or on our website www.columbiathreadneedle.com. Threadneedle Management Luxembourg S.A. may decide to terminate the arrangements made for the marketing of the SICAV.

    Issued by Threadneedle Management Luxembourg S.A. registered with the Registre de Commerce et des Sociétés (Luxembourg), Registered No. B 110242, 44 rue de la Vallée, L-2661 Luxembourg, Grand Duchy of Luxembourg.

    Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.

    Index data Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or re-disseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI parties") expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)

    The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s, a division of The McGraw-Hill Companies Inc. (“S&P”) and is licensed for use by Threadneedle Asset Management Limited. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential, or any other damages (including lost profits) even if notified of the possibility of such damages. Some of these identifiers have been determined by Threadneedle Asset Management Limited, may vary from the official classifications within Global Industry Classification System (GICS) and are not supported or sponsored by GICS providers MSCI or Standard & Poor’s.