Portfolio Update

Global Smaller Cos. Trust PLC (The)

09 August 2023

 

THE GLOBAL SMALLER COMPANIES TRUST PLC

LEI: 2138008RRULYQP8VP386

All data as at 31 July 2023

This data will shortly be available on the Company's website www.globalsmallercompanies.co.uk

Top Ten Holdings*					%
Eastspring Investments Japan Smaller Companies Fund					4.5
Pinebridge Asia ex Japan Small Cap Fund					3.5
Schroder ISF Global Emerging Smaller Companies Fund					3.4
The Scottish Oriental Smaller Companies Trust					3.3
abrdn SICAV I - Japanese Sustainable Equity Fund					3.2
Utilico Emerging Markets Trust					2.5
LKQ					1.6
Kirby					1.6
Eagle Materials					1.5
The Ensign Group					1.3
Total					26.4
Top Ten Equity Holdings (excluding collective funds)					%
LKQ					1.6
Kirby					1.6
Eagle Materials					1.5
The Ensign Group					1.3
Graphic Packaging					1.3
Wheaton Precious Metals					1.2
Avnet					1.1
Brown & Brown					1.1
Lundin Mining					1.0
Boot Barn Holdings					1.0
Total					12.7
Trust Geographical Breakdown					%
North America					41.3
UK					24.5
Continental Europe					12.0
Rest of World					12.7
Japan					8.5
Cash & Fixed Interest					1.0
Total					100.0

Note: All percentages are based on Gross Assets

* The portfolio obtains exposure to Japanese and Asian markets via a number of collective funds as opposed to individual holdings.  These funds are mainly managed by third party fund managers based in the Far East with significant local market expertise.  Columbia Threadneedle is responsible for selecting the appropriate funds to use for these markets.

Net Gearing

4.91%

 

END