Halifax - Buy Funds - Investments

At a glance performance and information

Eligibility:

Share Dealing Account

ISA

ShareBuilder

SIPP

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Fund:

WS Lightman European R Acc
Sector:

IA Europe Excluding UK
Benchmark:

MSCI Europe ex UK

Discrete calendar year performance

Discrete calendar year performance
Investment	31/03/20 to 31/03/21	31/03/21 to 31/03/22	31/03/22 to 31/03/23	31/03/23 to 31/03/24	31/03/24 to 31/03/25
WS Lightman European R Acc	70.09%	8.77%	9.01%	2.69%	8.61%
IA Europe Excluding UK	39.57%	4.15%	6.52%	12.32%	0.92%
MSCI Europe ex UK	39.11%	4.71%	4.63%	15.53%	3.93%

Trailing returns

(*annualised)

Trailing returns
Investment	3 months	6 months	1 year	3 years*	5 years*
WS Lightman European R Acc	2.05%	4.73%	5.51%	6.63%	15.76%
IA Europe Excluding UK	-0.10%	3.93%	3.06%	7.82%	10.62%
MSCI Europe ex UK	-1.21%	2.30%	3.93%	7.97%	10.84%

Overview

Fund Objective: The objective of the fund is to provide long term (in excess of five years) capital growth. The fund will invest at least 80% of its assets directly in the shares of companies listed and domiciled in Europe (excluding the UK). The fund will have a concentrated portfolio of approximately 40-50 holdings, selected at the managers discretion. The investment manager seeks to invest in undervalued companies with positive operational momentum.

Manager name	Waystone Management (UK) Limited
Manager start date	01 June 2024
Manager Biography	George manages the Liontrust US Opportunities Fund and the Liontrust US Income Fund. He previously managed these two funds at Neptune Investment Management, before moving to Liontrust in October 2019. He also undertakes team research on the global financials sector. George has a first class degree in Economics and Management from Oxford University.

Investment style:	Concentrated,Value
Region (geographical)	Europe Ex UK

Benchmark	MSCI Europe ex UK
Sector	IA Europe Excluding UK
FE fundinfo Rating	5 of 5

Fees & charges

Fees and Charges

Fees and Charges
Charge	Who receives this?	What is it?	Amount
Initial charge:	The fund manager	Charges applied by the fund management company for investing in their fund. Please note that Investment Managers may charge each time you buy new units or shares in a fund or trust. Where Investment Managers would have an entry charge, we will negotiate to have it waived so you will not be charged.	0.00%
Ongoing Charges:	The fund manager	The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year.	0.80%
Performance Fee:	The fund manager	A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions.	N/A
Typical transaction cost:	The fund manager	The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading.	0.188%*
Dealing commission:	Halifax	The cost of buying or selling some or all of your investment.	£9.50 (per online trade)

*This is an indication based on the market average. The fund’s actual transaction cost will be shown before you place a trade.
Account charges are not included
Key Investor Information Document (KIID)Open KIID document
Fees & Charges

Breakdown

Asset Allocation

Fund size: 943,072,358.20 GBX

Chart date: April 29, 2025

Top 10 Holdings

Top 10 Holdings
Security	Weight
Roche hldg ag	5.46%
Koninklijke ahold delhaize n.v.	4.35%
Sandoz.	4.31%
Danone	4.25%
Orange	3.90%
Dnb asa	3.71%
Koninklijke kpn n.v.	3.49%
Tryg as	3.43%
Carrefour	3.29%
Swatch group	3.23%

Sectors

Sectors
Sectors	Weight
Consumer Staples	17.65%
Communications	15.59%
Financials	15.58%
Health Care	14.86%
Materials	11.98%
Consumer Discretionary	8.58%
Industrials	7.35%
Energy	6.27%
Money Market	2.14%

World regions

World regions
Country	Weight
France	17.66%
Germany	17.25%
Netherlands	16.69%
Norway	12.64%
Switzerland	10.33%
Denmark	6.18%
Cash & Cash Equivalents	5.78%
USA	4.28%
Portugal	4.08%
Sweden	2.88%

ESG

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.

WS Lightman European R Acc