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FE Trustnet Investment trusts

Factsheet

European Assets Trust

Exchange House, Primrose Street, London, EC2A 2NY
0131 243 1330 (Fax Number)
0800 136 420 (Main Number)
www.fandc.com
investor.enquiries@fandc.com

*	Sam Cosh»	01-Oct-2011 to Present
	Paras Anand»	01-May-2010 to 30-Sep-2011
	Crispin Longden»	01-Dec-2002 to 30-Apr-2010
	Millar Law»	01-Feb-2000 to 01-Dec-2002

To achieve growth of capital through investment in quoted small and medium-sized companies in Europe, excluding the United Kingdom. A high distribution policy has been adopted and dividends are paid from a mix of income and capital reserves.

Fund vs sector
	1y	3y
Position	1 / 4	1 / 4
Quartile	1	1

FE
Crown Rating
(Quantitative)

Ratios
	1y	3y
Volatility	17.25	19.15
Alpha	17.79	11.15
Beta	0.91	0.87
Sharpe	2.85	0.90
InfoRatio	2.20	1.38
R²	0.87	0.88
Quartiles: 1 2 3 4 vs. European Smaller Companies»

FE Risk Scores
Instrument	1y(%) Growth	FE Risk Score
European Assets Trust	61.9	103
European Smaller Companies	48.8	100
Cash	n/a	0
Compare this fund to its peers using FE Risk Scores>>
Learn more about using FE Risk Scores>>

	1y	3y	5y	12m-24m	24m-36m	36m-48m	48m-60m
EUROPEAN ASSETS TRUST	+61.9	+97.8	+38.7	-14.3	+42.6	+13.8	-38.4
NAV	+51.3	+77.7	+26.3	-14.3	+37.1	+15.5	-38.5
European Smaller Companies	+48.8	+49.6	+25.8	-26.7	+37.1	+23.1	-31.7

Share Price
	Share	Type	Price	Date	Prem/Disc	Diluted NAV		Gearing	Div yield
	Share	Type	Price	Date	Prem/Disc	Estim	Last pub.	Gearing	Net	Gross
	EUROPEAN ASSETS TRUST	UNIT	840.50 (p)	21-May-2013	-3.73	875.67	870.33 20-May-2013	108	5.27	5.27

Capital structure & income
Share	Type	Exchange	Nominal value	Issued	Market value (m)	Wind-up date	Splits	News
EUROPEAN ASSETS TRUST	UNIT	LONDON	46	15,746,000	132.74	n/a	n/a
Share identifiers: TIDM: EAT; SEDOL: 0322566; ISIN: NL0000226090

Detailed fund information
Fund type	Netherlands-registered Investment Trusts
Launched	1972
Gross assets	£148.6m / $225.0m
Sector	European Smaller Companies
Asset Class	Equity
Own ISA wrapper
Savings plan
Annual accounts	(Click to order)
Last report / accounts	07-Mar-2013
Last AGM	24-Apr-2009
Next AGM	April 2010
EGM	14-Oct-2005
Stockbroker(s)	Cenkos Securities Limited
Management contract	F&C Asset Management plc provides investment management services to the Company. F&C Asset Management receives a quarterly fee, payable in advance, at the rate of 0.2% of the value of funds under management, excluding the value of any funds managed by F&C Asset Management and 50% of the value of funds managed by other managers. This agreement is terminable by either party on 12 months notice.
Borrowing limit	Borrowing should not exceed 20% of the book value of the portfolio and 60% of the book value of the real property of the company where borrowings are secured by mortgage.
Continuation / Wind-up provision	The Trust has an unlimited life. The trust operates a liquidity enhancement policy. Under this policy shares may be bought back based upon a share price equivalent to a discount of 5% to net asset value, adjusted for portfolio realisation costs depending upon market circumstances. The maximum number of shares that can be bought back in any three month period is 10% of issued share capital. The price at which shares are sold from treasury is subject to limitations on asset dilution. These include that the absolute level of dilution is restricted to 0.5% of net asset value in any one year.
Dividend policy	n/a
Investment restrictions	n/a
Reconstruction proposal	n/a
Settlement details	n/a
Tax policy	n/a

Peer groups
Region	Asset Class	Investment Focus	Sector
Europe Ex UK	Equity	n/a	European Smaller Companies

Largest holdings, 31-Mar-2013
Holding	(%)	Rank	Prev	Holding	(%)	Rank	Prev
C&C GROUP	4.22	1	(2)	ORIGIN ENTERPRISES PLC	3.13	6	(6)
GLANBIA	3.70	2	(3)	AMER SPORTS CORP	3.09	7	(8)
AZIMUT HLDG SPA	3.61	3	(1)	GERRESHEIMER GROUP	3.00	8	(-)
NUTRECO NV	3.35	4	(5)	KUKA AG	2.91	9	(9)
RINGKJOBING LANDBOBANK	3.31	5	(4)	TOMRA SYSTEMS ASA	2.91	10	(-)
				Total	33.23

more history»

Regional weightings, 31-Mar-2013
Region	(%)	Rank	Prev
Germany	23.10	1	(1)
Ireland	19.40	2	(2)
Italy	9.20	3	(4)
Spain	8.60	4	(5)
Switzerland	8.10	5	(8)
Denmark	7.60	6	(7)
Netherlands	6.80	7	(6)
Norway	4.60	8	-
France	3.90	9	-
Finland	2.90	10	-
Belgium	2.10	11	-
Austria	2.00	12	-
Sweden	1.70	13	-
Total	100.00

more history»

Sector weightings, 31-Mar-2013
Sector	(%)	Rank	Prev
Consumer Goods	30.91	1	(1)
Financials	21.38	2	(2)
Industrials	16.20	3	(3)
Consumer Services	15.21	4	(4)
Technology	7.98	5	(5)
Basic Materials	3.89	6	(6)
Health Care	2.76	7	(7)
Telecommunications	1.67	8	(9)
Total	100.00

more history»

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.