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Data as at: 10/09/2026
In
Objective
To achieve capital appreciation by investing in small quoted companies listed on the LSE or traded on AIM and to achieve relative outperformance of its benchmark, the Numis Smaller Companies Index.
AIC sector
Management group
Company website
Launch date
16/03/1995
March
Domicile
United Kingdom
Fund manager
Charles Montanaro, Guido Dacie-Lombardo
Dividend frequency
Quarterly
Wind-up provisions
At the AGM held on 12 August 2021, over 99% of shareholders voted in favour of the continuation of MUSCIT for a further five years. The next Continuation Vote is scheduled to be held in 2027.
Continuation vote
5 yearly
(Next vote: 2027)
| Market cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 119.72 | 136.50 | 108.00 | 114.12 | -5.36 | 4 | 6.22 | Jan, Apr, Jul, Oct | 1.01 (31/03/2026) |
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Dividends
Dividends declared in last 12 months
| Ex-dividend date | Payment date | Dividend amount | Special dividend | Financial year |
|---|---|---|---|---|
| 16/07/2026 | 07/08/2026 | 1.680 | No | 2027 |
| 16/04/2026 | 13/05/2026 | 1.500 | No | 2026 |
| 15/01/2026 | 06/02/2026 | 1.600 | No | 2026 |
| 16/10/2025 | 14/11/2025 | 1.670 | No | 2026 |
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Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| Montanaro UK Smaller Companies | Share price total return | 20.5 | 29.3 | -19.7 | 81.6 |
| UK Smaller Companies AIC sector | Share price total return | 12.7 | 39.4 | -6.0 | 101.6 |
| Morningstar UK Small Cap * | Total return | 11.7 | 37.8 | 8.0 | 66.2 |
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* The Morningstar market index is not necessarily the official benchmark of the investment trust, but it has been identified as an appropriate comparative index. Please hover over the definition for further detail on the index construction.
Share structure
Number of shares
110,852,713
56,527,077
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 38,227 | 2,703,393 | 65,507,717 | 353,375,276 |
| Average | N/A | 122,882 | 258,924 | 280,234 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 0.04 | 3.00 | 66.84 | 383.04 |
| Average | N/A | 0.14 | 0.26 | 0.30 |
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Trading details
| ISIN | Ticker | Traded currency | Stock exchange |
|---|---|---|---|
| GB00BZ1H9L86 | MTU | GBX | London Stock Exchange - MAIN Chi-x Europe Limited London Stock Exchange |
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Top holdings
Data as at : 31/08/2026
| Investment | % of total assets |
|---|---|
| IntegraFin Holdings PLC | 3.5 |
| discoverIE Group PLC | 3.2 |
| Gamma Communications PLC | 3.2 |
| XP Power Ltd | 3.2 |
| Bloomsbury Publishing PLC | 3.0 |
| Luceco PLC | 2.9 |
| Kainos Group PLC | 2.9 |
| XPS Pensions Group PLC | 2.8 |
| Porvair PLC | 2.6 |
| Hilton Food Group PLC | 2.5 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.
