Portfolio Update

Global Smaller Cos. Trust PLC (The)

09 August 2024

 

THE GLOBAL SMALLER COMPANIES TRUST PLC

LEI: 2138008RRULYQP8VP386

All data as at 31 July 2024

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

Top Ten Holdings*					%
Eastspring Investments Japan Smaller Companies Fund					5.1
The Scottish Oriental Smaller Companies Trust					3.8
Schroder ISF Global Emerging Smaller Companies Fund					3.6
Pinebridge Asia ex Japan Small Cap Fund					3.5
Utilico Emerging Markets Trust					2.4
Eagle Materials					2.1
Kirby					1.9
The Ensign Group					1.6
Graphic Packaging					1.5
Brown & Brown					1.5
Total					27.0
Top Ten Equity Holdings (excluding collective funds)					%
Eagle Materials					2.1
Kirby					1.9
The Ensign Group					1.6
Graphic Packaging					1.5
Brown & Brown					1.5
Wheaton Precious Metals					1.4
Curtiss Wright					1.4
Avnet					1.2
LKQ					1.2
Encompass Health					1.1
Total					14.9
Trust Geographical Breakdown					%
North America					42.3
UK					23.9
Continental Europe					11.2
Rest of World					13.2
Japan					9.6
Cash & Fixed Interest					-0.2
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

5.98%

 

END