Portfolio Update

Global Smaller Cos. Trust PLC (The)

17 October 2023

 

THE GLOBAL SMALLER COMPANIES TRUST PLC

LEI: 2138008RRULYQP8VP386

All data as at 30 September 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					4.8
Pinebridge Asia ex Japan Small Cap Fund					3.6
The Scottish Oriental Smaller Companies Trust					3.5
Schroder ISF Global Emerging Smaller Companies Fund					3.4
Utilico Emerging Markets Trust					2.5
Kirby					1.7
LKQ					1.6
abrdn SICAV I - Japanese Sustainable Equity Fund					1.5
Eagle Materials					1.5
The Ensign Group					1.3
Total					26.4
Top Ten Equity Holdings (excluding collective funds)					%
Kirby					1.7
LKQ					1.6
Eagle Materials					1.5
The Ensign Group					1.3
Graphic Packaging					1.3
Avnet					1.2
Brown & Brown					1.2
Molina Healthcare					1.2
Wheaton Precious Metals					1.1
WSP Global					1.1
Total					13.2
Trust Geographical Breakdown					%
North America					41.0
UK					23.8
Continental Europe					11.0
Rest of World					13.1
Japan					8.8
Cash & Fixed Interest					2.3
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

3.74%

 

END