INVESTMENT OBJECTIVE
To aim to provide capital growth by investing primarily in European smaller companies, excluding the United Kingdom.
Overview
| Asset class | Equities |
| Product Structure | OEIC |
| Inception Date | Jan 28, 1985 |
| Base Currency | GBP |
|
Fund Assets As of 30/04/26 |
$447.47M |
| Index | MSCI Europe ex UK Small Cap Index |
| Index Usage | Comparator |
| Peer Group Benchmark | IA European Smaller Companies |
| Peer Group Benchmark Usage | Comparator |
| Year End | 30-Jun |
| Pricing Basis | Single Priced |
Portfolio Management
Performance
Portfolio
Top Holdings
(As of 30/04/2026)
| % of Fund | |
| Elmos Semiconductor | 2.87 |
| Alzchem Group | 2.51 |
| Cenergy | 2.29 |
| SUSS MicroTec | 2.19 |
| Comet | 2.15 |
| Odfjell Drilling | 2.08 |
| Acast | 2.03 |
| Van Lanschot Kempen | 1.86 |
| Koninklijke Heijmans N.V | 1.77 |
| Modern Times Group MTG | 1.63 |
| TOTAL | 21.39 |
| Sector Allocation | % of Fund | % of Index | % of Fund | % of Index | As of 30/04/2026 |
| Market Capitalization Range of Equity Holdings | % of Fund | % of Index | % of Fund | % of Index | As of 30/04/2026 |
| Country/Geographic Exposures | % of Fund | % of Index | % of Fund | % of Index | As of 30/04/2026 |
| Regional Allocation | % of Fund | % of Index | % of Fund | % of Index | As of 30/04/2026 |
Documents
Related Insights
Differentiated insights are central to our investment approach.
9 Apr 2026
Hear from the fund manager
Watch Ollie Beckett, fund manager of The European Smaller Companies Trust (ESCT), as he introduces the trust and outlines its investment approach in this webinar hosted by Kepler Trust Intelligence.
4 Mar 2026
Why governance matters in European small caps
How can corporate governance determine whether European small caps become hidden champions or underperformers?
23 Feb 2026
The European Smaller Companies Trust: half-year results 2025
The European Smaller Companies Trust (ESCT) has released its results for the half-year 2025. Dive into the details and discover how we're performing by watching a video from our fund manager, Ollie Beckett, as he discusses the results and provides further insights.