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Montanaro Uk Smaller Cos Investment Trust plc (MTU) ORD GBP0.02

Sell:148.00p Buy:149.00p 0 Change: 5.50p (3.61%)
Market closed Prices as at close on 21 January 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:148.00p
Buy:149.00p
Change: 5.50p (3.61%)
Market closed Prices as at close on 21 January 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:148.00p
Buy:149.00p
Change: 5.50p (3.61%)
Market closed Prices as at close on 21 January 2022 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The investment objective is capital appreciation through investing in small quoted companies listed on the London Stock Exchange or traded on the Alternative Investment Market and to outperform its benchmark, the Numis Smaller Companies Index. No unquoted investments are permitted.
Sector Weight
Technology 28.13%
Industrials 22.14%
Healthcare 8.60%
Consumer Defensive 7.92%
Communication Services 7.45%
Financial Services 7.32%
Consumer Cyclical 6.87%
Basic Materials 6.22%
Real Estate 4.06%
Country Weight
United Kingdom 91.28%
United States 3.16%
Singapore 2.83%
China 1.44%

Fee Structure

Manager receives a management fee of 0.5% p.a. of GA and no performance fee.The Management Agreement is terminated by the Manager on giving 12 months notice.

Dividend Policy

The Trust pays a quarterly dividend equivalent to 1% of NAV (roughly 4% p.a).

ASSET SPLIT

Total number of holdings: 56.

Trust Manager

Charles Montanaro

Manager Bio

Charles Montanaro graduated with an honours degree in Anthropology from Durham University in 1976. He spent four years in industry before joining Merrill Lynch in 1980 as a private client broker in London. He joined Dean Witter Reynolds in 1984 and Drexel Burnham Lambert in 1987 as a Senior Vice President, where, in both cases, he was their top institutional broker in the UK, joining the high-yield bond department in 1989. In 1990, Charles joined MMG Patricof (now Apax Partners) as a Director of investment banking working with UK smaller companies. In August 1991, he founded Montanaro to specialise in analysing and investing in quoted European smaller companies on behalf of leading institutions. He has since launched and managed several funds totalling over €1 billion and established a strong track record. In addition, he has served on the Boards of two public smaller companies. He was appointed a Director of the Montanaro European Smaller Companies plc on 12 January 2012.

Board Of Directors

Arthur CoppleChairman, James Robinson, Annette Powley, Catriona Hoare

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.