Portfolio Update

Summary by AI ^BETAClose X

The Global Smaller Companies Trust PLC reported its portfolio data as of October 31, 2025, with its top ten holdings totaling 25.9% of gross assets, including Schroder ISF Global Emerging Markets Smaller Companies Fund at 4.5% and Pinebridge Asia ex Japan Small Cap Fund at 4.4%. Excluding collective funds, the top ten equity holdings represent 15.3%, led by Wheaton Precious Metals at 2.1%. Geographically, North America constitutes the largest portion of the trust at 42.3%, followed by the UK at 17.9%. The trust's net gearing stands at 4.44%.

Disclaimer*

Global Smaller Cos. Trust PLC (The)

19 November 2025

THE GLOBAL SMALLER COMPANIES TRUST PLC

LEI: 2138008RRULYQP8VP386

All data as at 31 October 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					4.5
Pinebridge Asia ex Japan Small Cap Fund					4.4
The Scottish Oriental Smaller Companies Trust					4.0
Utilico Emerging Markets Trust					3.0
Wheaton Precious Metals					2.1
The Ensign Group					1.9
Curtiss Wright					1.6
Martin Marietta Materials					1.5
Encompass Health					1.5
Kirby					1.4
Total					25.9

Top Ten Equity Holdings (excluding collective funds)					%
Wheaton Precious Metals					2.1
The Ensign Group					1.9
Curtiss Wright					1.6
Martin Marietta Materials					1.5
Encompass Health					1.5
Kirby					1.4
Boot Barn Holdings					1.4
WSP Global					1.4
Eagle Materials					1.3
Bristow					1.2
Total					15.3

Trust Geographical Breakdown					%
North America					42.3
UK					17.9
Rest of World					15.8
Japan					11.9
Continental Europe					10.4
Cash & Fixed Interest					1.7
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				4.44%

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