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Europe ex UK
VT Tyndall European Unconstrained Fund
Managed by Tyndall Investment ManagementPart of VT Investor Funds ICVC
Latest factsheet
Aug 2026
Fund size
£38.9m
Yearly charge
1.06%
Manager fee
0.94%
Income yield
2.70%
Holdings
42
Launched
17 Nov 2020
The Fund aims to generate an attractive total return. A high conviction portfolio of 30-40 best ideas selected from across all market caps. Genuine active management. Typical active share of 90%+ with no benchmark constraints. A “natural income” stream stemming from bottom-up stock picking process.
Mike Clements (Fund Manager) · Pras Jeyanandhan (Fund Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | +2.17% | +1.49% | +1.61% | Top 25% |
| 3M | -0.24% | +3.31% | +3.79% | Bottom 25% |
| 6M | +6.12% | +4.03% | +3.40% | Top 25% |
| 1Y | +12.04% | +10.15% | +10.74% | Upper half |
| 3Y | +17.68% | +17.98% | +20.43% | Lower half |
| Since launch | +65.85% | +72.83% | +82.36% | Lower half |
| Since launch | +55.23% | +46.07% | +51.48% | Upper half |
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|
| -8.00% | +8.00% | +3.20% | +27.28% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Friedrich Vorwerk Group SE | 4.20% | |
| 2 | Glanbia PLC | 4.10% | |
| 3 | Mowi ASA | 4.00% | |
| 4 | DWS Group GmbH | 3.80% | |
| 5 | Strabag SE | 3.70% | |
| 6 | Bank of Ireland Group PLC | 3.70% | |
| 7 | KBC Ancora CVA | 3.70% | |
| 8 | Aumann AG | 3.60% | |
| 9 | Raiffeisen Bank International | 3.50% | |
| 10 | Fagron NV | 3.50% |
Portfolio breakdown
Sector
| Energy | – | |
| Information Technology | – | |
| Utilities | – | |
| Consumer Discretionary | – | |
| Real Estate | – | |
| Cash | – | |
| Communication Services | – | |
| Industrials | – | |
| Financials | – | |
| Consumer Staples | – | |
| Health Care | – | |
| Materials | – |
Market cap
| Mega €20bn+ | – | |
| Large €10-20bn | – | |
| Mid €1-10bn | – | |
| Small < €1.5bn | – |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| A Acc | GB00BLF7YL10 | BLF7YL1 | acc | No | 0.94% | 1.05% | £1k |
| A Inc | GB00BLF7YM27 | BLF7YM2 | inc | No | 0.75% | 1.01% | £1k |
| F Acc | GB00BLF7Z187 | BLF7Z18 | acc | No | – | – | – |
| F Inc | GB00BLF7Z294 | BLF7Z29 | inc | No | 0.55% | 0.81% | £1k |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Aug 2026 | View original factsheet ↗ | 13 Sept 2026 |
| Jul 2026 | View original factsheet ↗ | 20 Aug 2026 |
| Jun 2026 | View original factsheet ↗ | 30 Jul 2026 |