Montanaro European Smaller Companies Trust plc (MTE) ORD GBP0.05

Montanaro European Smaller Companies Trust plc is an investment trust. The Company’s principal activity is portfolio management. Its objective is to achieve capital growth by investing principally in Continental European quoted smaller companies. The Company invests principally in quoted smaller companies within the European Union, Norway and Switzerland (but is not restricted from investing in smaller companies quoted on other European stock exchanges). It may invest in companies listed on non-European stock exchanges that derive significant revenues or profits from Europe, European securities, such as global depositary receipts, listed on other international stock exchanges, and debt issued by European governments or denominated in European currencies. It invests in various sectors, including information technology, industrials, healthcare, financials, communication services, real estate, and materials. Its investment manager is Montanaro Asset Management Limited.

To achieve capital growth by investing principally in Continental European quoted smaller companies.

• Ongoing charge1.17%
• Annual management charge0.82% of Net Assets
• Performance feeNo

There is no performance fee and the basic management fee is 0.825 per cent p.a. of the amount of the Companys market capitalisation up to GBP 500 m 0.70 per cent p.a. of the amount of the Companys market capitalisation between GBP 500 m and GBP 750 m and 0.65 per cent p.a. of the amount of the Companys market capitalisation above GBP 750 m. Contract terminable on notice of 6 months.