Title: Factsheet & Presentation Generator.xlsm

URL Source: https://is.gd/NnhTaH

Published Time: Tue, 13 May 2025 12:12:10 GMT

Markdown Content:
Fund Objective Key Information 

Legal Status UK Investment Trust 

Listing London Stock Exchange 

Dividend Dates May, Aug, Nov & Feb 

Price 97p 

NAV 105.86p 

Performance (Total Returns) Discount 

Cumulative Returns (£) Fund Facts 

Annual Returns (£) [Financial Year End - 31 March] 

ESG 

Cumulative Performance Since Inception 

Risk & Reward Profile 

Important Information 

Waste Intensity n/a 

-1.5% 9.3% 12.8% Water Intensity 

Source: Montanaro, Bloomberg. NAV to NAV, fully diluted. 

* Composite benchmark. Effective April 1st 2013 the index used in this factsheet for comparison purposes is the Numis Smaller Companies Index (ex-IC). 

Montanaro Asset Management Limited, 53 Threadneedle Street, London, EC2R 8AR 

Tel: 020 7448 8600 Fax: 020 7448 8601 www.montanaro.co.uk enquiries@montanaro.co.uk 

13.3% Carbon Intensity 40.9 

Trust (NAV) -6.9% 8.3% -12.1% -5.0% 

Benchmark * 2.3% 9.0% -7.9% -1.1% 65.6% -25.9% 

35.8% -8.4% 

-1.2% 5.2% 18.8% Fund ESG Score* 6.6 

*The Fund ESG Score is the weighted average of Montanaro's 

proprietary company ESG Checklist scores (0-10; 10 is best). 

n/a 

Trust (Price) 1.1% 0.7% -12.4% -10.1% 50.0% -0.3% -1.1% 12.0% 

Gearing 4.4% 

FYTD 23/24 22/23 21/22 20/21 19/20 18/19 17/18 16/17 

No.of Holdings 40 

Median Mkt Cap £859 million 

2.7% 68.2% 60.3% 570.6% Gross Assets £158 million 

Net Assets £151 million 

3Y 5Y 10Y Launch 

Benchmark* 

Trust (NAV) -9.5% -4.6% -9.5% -10.7% -6.8% -11.4% 

-10.8% 20.3% 52.3% 854.0% Backup Fund Manager Adam Montanaro 

Numis Smaller Companies 

Index (ex-IC) 

30.4% 808.6% 

-8% 

Capital growth by investing in quoted UK smaller companies and to outperform its Benchmark, the Numis Smaller 

Companies Index (ex-IC). 

The Trust will invest primarily in quoted UK smaller companies with a market capitalisation smaller than the largest 

constituent of the Numis Smaller Companies Index at the time of initial investment. 

The Trust pays a quarterly dividend equivalent to 1.5% of NAV (roughly 6% p.a). 

This is a marketing communication. This is not a contractually binding document. Please refer to the Annual Report and the KID for the Investment Trust and do not base any final investment decision on 

this communication alone. 

Benchmark * -6.3% -3.7% -6.3% -7.5% 2.3% 

14.3% 

Fund Manager Charles Montanaro 

Trust (Price) -6.4% -5.8% -6.4% -5.8% 1.1% 

YTD 1M 3M 6M 12M 

## For Professional and Institutional investors only 

# Montanaro UK Smaller Companies Investment Trust This is a Marketing Communication 

## 31 March 2025 

Fund Launch March 1995 

-50% 

150% 

350% 

550% 

750% 

950% 

1150% 

1350% 

Mar '95 Mar '98 Mar '01 Mar '04 Mar '07 Mar '10 Mar '13 Mar '16 Mar '19 Mar '22 Mar '25 

Series1 Series2 

These numbers rate how the Fund may perform and the risk of losing 

some or all of your investment. In general the potential for higher 

returns also implies a higher level of risk. However, the lowest category 

(1) does not mean a risk free investment. 

This risk rating is based on historical data which may not be a reliable 

indication of the future risks and rewards of the fund. The risk rating of 

the fund may change over time. 

Past performance is not a reliable indicator of future results. All 

investments are subject to risk and the value of shares and the income 

from them can fall as well as rise due to stock market and currency 

movements. You may not get back as much as you originally invested. 

For further information please see the Risk and Reward section of the 

Key Investor Information Document (KID). 

All investments are subject to risk and the value of shares and the 

income from them can fall as well as rise due to stock market and 

currency movements. You may not get back as much as you originally 

invested. 

In 2019, Montanaro 

Asset Management 

Limited became a 

certified B Corporation Montanaro UK Smaller Companies Investment Trust 

Top 10 Holdings Risk Analysis Portfolio Analysis 

Note: risk statistics over three years Source: Factset consensus estimates 

** Yield on underlying portfolio. The yield on the Trust will be 

6% or more (subject to size of discount) 

Sector Allocation Market Capitalisation Allocation 

Share Information 

*The costs of buying and selling investments are excluded, as are interest costs, taxation, non-recurring costs and the costs of buying back or issuing Ordinary shares. 

Important Information 

0.90%* 0.50% N/A N/A 5

High Water 

Mark SRI 

Sterling MTU LN GB00BZ1H9L86 BZ1H9L8 31/03/1995 97p 105.86p -8% 

Price NAV Discount Ongoing 

Charge 

Annual 

AMC 

Perf 

Fee 

Currency Ticker ISIN SEDOL Launch 

JTC 3.5% 

40.9% 

-10.7% 

Bytes Technology Group 3.5% 

4Imprint 3.5% Active Share 84.5% Net Debt/Equity 25F 

11.0 

Porvair 3.7% Information Ratio -0.74 EBIT Margin 25F 25.6% 

Baltic Classifieds 3.8% Tracking Error 6.7% EV/EBITDA 25F 

3.2% 

Telecom Plus 3.9% Sharpe Ratio -0.52 -0.24 Return on Equity 25F 14.1% 

Hilton Food 4.4% Standard Deviation 18.2% 16.2% Dividend Growth 25F 

12.3% 

Big Yellow 4.7% Beta 1.05 1.00 Dividend Yield 25F (NAV)** 3.4% 

XPS Pensions 4.8% Jensen's Alpha (annual) -4.7% EPS Growth 25F 

## 31 March 2025 

discoverIE 5.2% Fund Index Price / Earnings 25F 14.9 

4% 

0% 

0% 

28% 

12% 

13% 

8% 

13% 

2% 

3% 

16% 

0% 10% 20% 30% 

Utilities 

Energy 

Basic Materials 

Industrials 

Cons Staples 

Cons Discretionary 

Real Estate 

Financials 

Health Care 

Telecoms 

Technology 

This material is issued monthly by Montanaro Asset Management Limited (“MAM”), the Fund Manager. MAM is authorised and regulated by the Financial Conduct Authority (“FCA”) FRN: 183211. Company registration number 03246931. 

Registered office 53 Threadneedle Street, London, EC2R 8AR. It may not be copied or distributed or otherwise made available to any recipient without the express written consent of MAM. 

This material constitutes a financial promotion for the purposes of the Financial Services and Markets Act 2000 (the "Act"). The material included in this report has been prepared by MAM and is intended for informational purposes only. It 

does not constitute an invitation or offer to subscribe for or purchase shares in the Fund. Such investments can only be made by completing the application forms that accompany the Fund’s Prospectus. This material is for Professional and 

Institutional Investors only; MAM is not authorised to market directly to retail investors. Retail investors should seek independent financial advice before making any investment decisions. 

Information and opinions presented in this material have been obtained or derived from sources believed by MAM to be reliable. MAM makes no representation as to their accuracy or completeness. 

It is the responsibility of all users of this information to be informed and observe all applicable laws and regulations of any relevant jurisdictions where they reside. 

8% 

11% 

25% 

31% 

16% 

8% 

0% 20% 40% 

£2bn and over 

£1.5bn - £2bn 

£1bn - £1.5bn 

£500 - £1bn 

£250 - £500m 

£0 - £250m