Montanaro UK Smaller Companies Trust (MTU)

Category UK Small-Cap Equity
star-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. 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

98.80p

Buy

100.50p

arrow-up0.50p (+0.50%)

Discount/Premium

-6.57%

Estimated NAV

107.031p

Prices updated at 19 Dec 2025, 14:18 GMT
| Prices minimum 15 mins delay
|
Prices in GBX
Investment objective
The Company seeks to achieve its objective and to manage risk by investing in a diversified portfolio of quoted UK small companies. At the time of initial investment, a potential investee company must be profitable and no bigger than the largest constituent of the NSCI, which represents the smallest 10% of the UK Stock Market by value. At the start of 2023 this was any company below £1.62 billion in size. The Manager focuses on the smaller end of this Index.
FTSE All-Share
arrow-up0.06%
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
Porvair PLC
Sector
-
Country
United Kingdom
% of assets
4.85721
2
XPS Pensions Group PLC
Sector
-
Country
United Kingdom
% of assets
4.4692
3
Games Workshop Group PLC
Sector
-
Country
United Kingdom
% of assets
4.108
4
Big Yellow Group PLC
Sector
-
Country
United Kingdom
% of assets
4.09177
5
IntegraFin Holdings PLC
Sector
-
Country
United Kingdom
% of assets
3.67201
6
Cranswick PLC
Sector
-
Country
United Kingdom
% of assets
3.64026
7
discoverIE Group PLC
Sector
-
Country
United Kingdom
% of assets
3.54996
8
Bloomsbury Publishing PLC
Sector
-
Country
United Kingdom
% of assets
3.51328
9
AJ Bell PLC
Sector
-
Country
United Kingdom
% of assets
3.23514
10
Kainos Group PLC
Sector
-
Country
United Kingdom
% of assets
3.12721
Assets in top 10 holdings %

38.26%

Total no. of equity holdings

45.00

Total no. of bond holdings

-

Stock sectors

Montanaro UK Smaller Companies Trust
UK Small-Cap Equity

29.44%

Basic materials

-
-

Con cyclical

10.59%
-

Financial svs

10.64%
-

Real estate

8.21%
-

54.04%

Comm services

10.41%
-

Energy

-
-

Industrials

23.82%
-

Technology

19.81%
-

16.52%

Con defensive

11.75%
-

Healthcare

3.05%
-

Utilities

1.73%
-


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 2025 Morningstar. All rights reserved.