The European Smaller Companies Trust plc (ESCT) ORD GBP0.015625

The European Smaller Companies Trust PLC is a United Kingdom-based investment company. The Company's investment objective is to seek capital growth by investing in smaller and medium-sized companies which are quoted, domiciled, listed or have operations in Europe (ex-United Kingdom). The Company maintains a diversified portfolio and shall not invest more than 7% of its total assets in any holdings. The Company invests approximately 15% of its gross assets in investment companies (including listed investment trusts). The Company invests in equities and other investments for the long term to secure its investment objective. It invests across various sectors, including industries, technology, consumer services, core financials, basic materials, healthcare, consumer goods, financial services, real estate and energy. The Company’s alternative investment fund manager is Janus Henderson Fund Management UK Limited.

The Company seeks capital growth by investing in smaller and medium sized companies which are quoted, domiciled, listed or have operations in Europe (ex UK).

• Ongoing charge0.67%
• Annual management charge -
• Performance feeYes

Management fee is 0.55% of net assets up to GBP 800m and 0.45% thereafter. The Performance fee is calculated as 15% of the outperformance above the benchmark. The Agreement is terminable on six months notice.