Montanaro European Smaller Companies Trust Plc (MTE)

Category Europe ex-UK Small/Mid-Cap Equity
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This investment trust can be held in an Investment ISA, SIPP and Investment Account
Some Investment Trusts include direct costs as part of their Ongoing charge, such as the annual management charge. For those that show Ongoing charges as 0% or a dash please review the investment literature for details on the charges that will apply. The Financial Conduct Authority will review this in 2025.

If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.
Sell

166.50p

Buy

168.00p

arrow-up1.00p (+0.60%)

Discount/Premium

-7.83%

Estimated NAV

181.733p

Prices updated at 12 Dec 2025, 16:35 GMT
| Prices minimum 15 mins delay
|
Prices in GBX
Investment objective
To achieve capital growth by investing principally in Continental European quoted smaller companies.
FTSE All-Share
arrow-down-0.48%
LSE
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, SDR Consumer facing disclosure, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Portfolio as of 30/11/2025

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

Market classification (%)

Top 10 holdings

1
Kitron ASA
Sector
-
Country
Norway
% of assets
4.92724
2
ATOSS Software SE
Sector
-
Country
Germany
% of assets
4.2874
3
NCAB Group AB
Sector
-
Country
Sweden
% of assets
3.76209
4
Technoprobe SpA
Sector
-
Country
Italy
% of assets
3.5069
5
Belimo Holding AG
Sector
-
Country
Switzerland
% of assets
3.433
6
ChemoMetec AS
Sector
-
Country
Denmark
% of assets
3.41455
7
CTS Eventim AG & Co. KGaA
Sector
-
Country
Germany
% of assets
3.30061
8
Plejd AB
Sector
-
Country
Sweden
% of assets
3.0253
9
MTU Aero Engines AG
Sector
-
Country
Germany
% of assets
2.86783
10
Reply SpA
Sector
-
Country
Italy
% of assets
2.80102
Assets in top 10 holdings %

35.33%

Total no. of equity holdings

48.00

Total no. of bond holdings

-

Stock sectors

Montanaro European Smaller Companies Trust Plc
Europe ex-UK Small/Mid-Cap Equity

25.06%

Basic materials

5.85%
-

Con cyclical

8.29%
-

Financial svs

6.51%
-

Real estate

4.41%
-

55.08%

Comm services

3.33%
-

Energy

-
-

Industrials

18.38%
-

Technology

33.37%
-

19.86%

Con defensive

3.92%
-

Healthcare

15.94%
-

Utilities

-
-


Important Information

Investment values, and income from investments, can go down as well as up, so you may get back less than you invest. This is not a personal recommendation for a specific investment. If you're not sure which investments are suitable for you, consult Fidelity's advisers or another authorised financial adviser. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.


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