Portfolio Update

Global Smaller Cos. Trust PLC (The)
10 January 2024
 

THE GLOBAL SMALLER COMPANIES TRUST PLC

LEI: 2138008RRULYQP8VP386

All data as at 31 December 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

4.7

Pinebridge Asia ex Japan Small Cap Fund

3.6

Schroder ISF Global Emerging Smaller Companies Fund

3.5

The Scottish Oriental Smaller Companies Trust

3.5

Utilico Emerging Markets Trust

2.5

Eagle Materials

1.7

 

Kirby

1.5

LKQ

1.4

Graphic Packaging

1.3

The Ensign Group

1.3

Total

 

 

 

 

25.0







Top Ten Equity Holdings (excluding collective funds)

%

Eagle Materials



1.7

Kirby



1.5

LKQ



1.4

Graphic Packaging



1.3

The Ensign Group



1.3

Wheaton Precious Metals



1.3

Molina Healthcare



1.2

Avnet



1.2

Brown & Brown



1.1

Curtiss Wright



1.1

Total

 

 

 

 

13.1







Trust Geographical Breakdown



%

North America




40.7

UK





24.5

Continental Europe




11.5

Rest of World




13.1

Japan





9.2

Cash & Fixed Interest




1.1

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




4.85%

 

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