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.

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

152.50p

Buy

154.00p

arrow-up4.00p (+2.68%)

Discount/Premium

-8.67%

Estimated NAV

163.686p

Prices updated at 01 Apr 2026, 16:01 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-up1.69%
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 28/02/2026

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
6.46779
2
Technoprobe SpA
Sector
-
Country
Italy
% of assets
4.69278
3
NCAB Group AB
Sector
-
Country
Sweden
% of assets
4.22451
4
Belimo Holding AG
Sector
-
Country
Switzerland
% of assets
3.34551
5
MTU Aero Engines AG
Sector
-
Country
Germany
% of assets
3.11608
6
Plejd AB
Sector
-
Country
Sweden
% of assets
3.08405
7
Merlin Properties SOCIMI SA
Sector
-
Country
Spain
% of assets
3.0822
8
ATOSS Software SE
Sector
-
Country
Germany
% of assets
2.97405
9
CTS Eventim AG & Co. KGaA
Sector
-
Country
Germany
% of assets
2.81731
10
Brembo NV
Sector
-
Country
Italy
% of assets
2.75434
Assets in top 10 holdings %

36.56%

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

25.51%

Basic materials

6.57%
-

Con cyclical

8.57%
-

Financial svs

5.12%
-

Real estate

5.26%
-

57.41%

Comm services

2.86%
-

Energy

-
-

Industrials

19.88%
-

Technology

34.67%
-

17.08%

Con defensive

3.24%
-

Healthcare

13.85%
-

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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