Herald Investment Trust plc (HRI)

Profile

https://www.heralduk.com/funds/herald-investment-trust/

Herald Investment Trust plc is a UK-domiciled closed-end investment company launched on 31 January 1994. Its primary objective is to achieve capital appreciation by investing in smaller quoted companies within the technology and communications sectors. Managed by Katie Potts and headquartered in London, the trust maintains a diversified portfolio of approximately 288 equity holdings, with significant allocations to technology at 67.71%, industrials at 12.49%, and communication services at 5.59%. Geographically, it emphasizes the United States (32.80%), United Kingdom (26.55%), and Canada (8.29%), featuring top holdings such as Celestica Inc., Fabrinet, and Pegasystems Inc. With total assets around £1,319 million, no gearing, and an ongoing charge of 1.09%, the trust benchmarks against the Russell 2000 Technology Index and a composite including Deutsche Numis SC plus AIM indices. Trading at a typical discount to net asset value, it pays annual dividends and undergoes continuation votes every three years, playing a key role in providing investors access to global smaller-cap tech and communications growth opportunities.