Montanaro European Smaller Companies Trust Plc (MTE)

Category Europe ex-UK Small/Mid-Cap Equity
star-filledstar-filledstar-filled
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.

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

173.50p

Buy

174.50p

arrow-up1.00p (+0.58%)

Discount/Premium

-7.92%

Estimated NAV

187.881p

Prices updated at 14 May 2026, 15:01 BST
| 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-up0.26%
LSE
Important documents: Please ensure that you have read the Key Information Document/Product Summary 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 30/04/2026

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

Market classification (%)

Top 10 holdings

1
NCAB Group AB
Sector
-
Country
Sweden
% of assets
5.09775
2
Technoprobe SpA
Sector
-
Country
Italy
% of assets
4.6197
3
Kitron ASA
Sector
-
Country
Norway
% of assets
4.513
4
Plejd AB
Sector
-
Country
Sweden
% of assets
3.79968
5
Belimo Holding AG
Sector
-
Country
Switzerland
% of assets
3.20285
6
Carel Industries SpA
Sector
-
Country
Italy
% of assets
3.11895
7
Merlin Properties SOCIMI SA
Sector
-
Country
Spain
% of assets
2.92469
8
IMCD NV
Sector
-
Country
Netherlands
% of assets
2.869
9
ATOSS Software SE
Sector
-
Country
Germany
% of assets
2.83606
10
Melexis NV
Sector
-
Country
Belgium
% of assets
2.81046
Assets in top 10 holdings %

35.79%

Total no. of equity holdings

46.00

Total no. of bond holdings

-

Stock sectors

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

23.32%

Basic materials

4.82%
-

Con cyclical

8.16%
-

Financial svs

5.36%
-

Real estate

4.97%
-

57.58%

Comm services

2.62%
-

Energy

-
-

Industrials

19.47%
-

Technology

35.50%
-

19.10%

Con defensive

3.08%
-

Healthcare

16.02%
-

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.


Any ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar accepts no responsibility or liability whatsoever for the actions of third parties in this respect.
© Copyright 2026 Morningstar. All rights reserved.