Gerlin Participaties receives Morningstar's highest recognition

Gerlin Participaties, our participation fund focused on Germany and Northwestern Europe, has received Morningstar's maximum 5-star rating and a Gold Medalist Rating. It is also the number 1 fund within Morningstar's Germany Small/Mid-Cap Equity category, based on 1-, 3- and 5-year returns as well as year-to-date performance.

The maximum 5-star rating reflects strong historical, risk-adjusted performance relative to comparable funds. The Gold Medalist Rating is Morningstar's highest qualitative assessment for funds with strong prospects for sustainable value creation.

Gerlin Participaties currently invests in a concentrated portfolio of high-quality German small caps. A defining feature of our approach is investing as an active and engaged shareholder: we look for companies where we can build a substantial position and, from a long-term perspective, contribute to sustainable value creation — paying attention to market position, capital allocation, good governance and valuation.

This discipline has produced a strong return of more than 13% per year after costs since Gerlin Participaties was established (as at 30 May 2026), now also underscored by Morningstar's recognition. Look at the rating.

Because Gerlin Participaties holds stakes of more than 5%, the fund offers investors who invest through their company the opportunity to make use of the participation exemption.

Gerlin Participaties is an open-end fund managed by Teslin Capital Management. Teslin has focused on investing in small- and mid-cap companies for 35 years.