The European Smaller Companies Trust plc (TRG)

Profile

https://www.henderson.com/ukpi/fund/171/tr-european-growth-trust-plc

The European Smaller Companies Trust plc is a British investment trust dedicated to achieving capital growth through investments in smaller and medium-sized companies quoted, domiciled, listed, or operating in Europe, excluding the UK. Launched in 1990, originally as TR European Growth Trust, it is managed by Janus Henderson Investors with a team including Ollie Beckett, Rory Stokes, and Julia Scheufler, and holds a position in the FTSE 250 Index. The trust targets dynamic smaller businesses poised for higher growth potential compared to larger peers, leveraging regional expertise to identify undiscovered opportunities across diverse sectors and emerging trends. Notable features include quarterly dividends aiming for at least 5% of NAV annually, an ongoing charge of around 0.68%, and a portfolio diversified with top holdings like Van Lanschot Kempen NV and TKH Group NV. Trading at a typical discount to NAV, it provides investors access to Europe's small and mid-cap equity market, categorized under Europe ex-UK Small/Mid-Cap Equity, with a focus on long-term appreciation and income.