Portfolio Update

Summary by AI ^BETAClose X

The Global Smaller Companies Trust PLC reported its top ten holdings as of September 30, 2025. The top holding is Schroder ISF Global Emerging Markets Smaller Companies Fund at 4.3%, followed by Pinebridge Asia ex Japan Small Cap Fund at 4.2% and The Scottish Oriental Smaller Companies Trust at 3.9%. The total of the top ten holdings accounts for 25.5% of gross assets. The top ten equity holdings, excluding collective funds, include Wheaton Precious Metals at 2.4% and The Ensign Group at 1.8%, totaling 15.4%. The geographical breakdown of the trust is 42.3% in North America, 18.5% in the UK, 15.3% in Rest of World, 11.9% in Japan, 10.4% in Continental Europe, and 1.6% in Cash & Fixed Interest. The net gearing stands at 4.49%.

Disclaimer*

Global Smaller Cos. Trust PLC (The)

16 October 2025

THE GLOBAL SMALLER COMPANIES TRUST PLC

LEI: 2138008RRULYQP8VP386

All data as at 30 September 2025

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

Top Ten Holdings*					%
Schroder ISF Global Emerging Markets Smaller Companies Fund					4.3
Pinebridge Asia ex Japan Small Cap Fund					4.2
The Scottish Oriental Smaller Companies Trust					3.9
Utilico Emerging Markets Trust					2.9
Wheaton Precious Metals					2.4
The Ensign Group					1.8
Encompass Health					1.6
Curtiss Wright					1.5
Martin Marietta Materials					1.5
WSP Global					1.4
Total					25.5

Top Ten Equity Holdings (excluding collective funds)					%
Wheaton Precious Metals					2.4
The Ensign Group					1.8
Encompass Health					1.6
Curtiss Wright					1.5
Martin Marietta Materials					1.5
WSP Global					1.4
Eagle Materials					1.4
Brown & Brown					1.3
Boot Barn Holdings					1.3
Kirby					1.2
Total					15.4

Trust Geographical Breakdown					%
North America					42.3
UK					18.5
Rest of World					15.3
Japan					11.9
Continental Europe					10.4
Cash & Fixed Interest					1.6
Total					100.0

Note: All percentages are based on Gross Assets

* The portfolio obtains exposure in the Rest of World (Asia, Latin America and some other smaller markets outside the main regions) through a number of third party managed funds as opposed to individual holdings. Columbia Threadneedle Investments is responsible for selecting the appropriate funds to use for these markets.

Net Gearing				4.49%

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