European large caps
Mansard European Quality
Twenty-five to thirty-five European companies we would be glad to own for ten years.
NAV · I EUR Acc
312.46
YTD +7.8%
Key figures
The fund at a glance.
As of
30 Sept 2026
Launch date
14 Mar 2011
Assets
€410m
Holdings
31
Main ISIN
FR00MANSRD01
Domicile
France
Legal form
FCP (UCITS)
Dealing
Daily, cut-off 12:00 CET, NAV D
Depositary
[Your depositary]
Fund administrator
[Your fund administrator]
Auditor
[Your auditor]
Ongoing charges
0.90% (I) · 1.70% (R)
Performance fee
None
Risk indicator (SRI)
Lower
Higher
SFDR · Art. 8
Performance
Net of fees, against its index.
Share class I EUR Acc, rebased to 100 at the start of the period. Hover the line to read any month; choose the period on the right.
Share class I EUR
YTD
1Y
3Y ann.
5Y ann.
European Quality
+7.8%
+10.4%
+9.6%
+8.2%
MSCI Europe NR EUR
+6.9%
+9.1%
+8.4%
+7.6%
Past performance is not a reliable indicator of future results. Returns over more than one year are annualised. Source: Mansard Asset Management, fund administrator.
Calendar years
The good years and the bad ones.
We show every calendar year of the last ten, including the ones we would rather forget.
Portfolio
What the fund owns today.
Top 10 holdings
| Holding | Country | Weight |
|---|---|---|
| ASML | NL | 5.8 |
| Novo Nordisk | DK | 5.2 |
| L’Oréal | FR | 4.9 |
| SAP | DE | 4.6 |
| Schneider Electric | FR | 4.4 |
| Atlas Copco | SE | 4.1 |
| Hermès | FR | 3.9 |
| Lonza | CH | 3.7 |
| Wolters Kluwer | NL | 3.6 |
| Experian | GB | 3.4 |
By sector
By country
Share classes
Ask your platform for the ISIN.
| Class | ISIN | Currency | Ongoing charges | Minimum | Income |
|---|---|---|---|---|---|
| I EUR Acc | FR00MANSRD01 | EUR | 0.90% | €1m | Acc |
| R EUR Acc | FR00MANSRD02 | EUR | 1.70% | €100 | Acc |
| I CHF Hedged Acc | FR00MANSRD03 | CHF | 0.95% | CHF 1m | Acc |
Manager’s commentary
This month, in plain words.
Camille Roussel · Thomas Vidal
September added 1.1% against 0.8% for the index. Industrial holdings recovered after a weak summer, and our two medical-technology companies both raised their guidance at half-year.
We sold the last of our position in a Dutch payments company after a third profit warning in two years: the story had changed, and we could no longer explain it in two minutes. The proceeds went to a Swedish maker of compressors we have followed since 2019.
The portfolio holds 31 companies and 4.7% in cash. Its weighted return on capital is 21%, against 11% for the index.
Who checks it
Two people sign every NAV.
Documents
Documents
How to invest
Through your adviser, your bank or your platform, with the ISIN of the share class.
Institutional investors can subscribe directly. Olivia, on the ground floor, will send you the subscription documents and answer your due diligence questions.
The other funds of the house
Mansard Asset Management is authorised by the AMF (GP-11000000, demo). This page is not an offer or a recommendation. Read the KID and prospectus before investing; the value of an investment can fall as well as rise and you may get back less than you invested. Past performance is not a reliable indicator of future results.