The Aberforth Smaller Companies Investment Trust is a £1bn investment fund that specialises in the small companies domain.
It was launched, and floated on the London Stock Exchange, on 10 December 1990, managed by Aberforth parters,
[http://www.aberforth.co.uk/aberforth-smaller-companies-trust/aberforth-smaller-companies-trust.htm]
1 JD Sports Fashion £40,013,000 3.5% of the fund (Retailing – sports goods & clothing)
2 QinetiQ Group £32,300,000 2.8% (R&D and consulting services)
3 Vesuvius 3£0,316,000 2.7% (Metal flow engineering)
4 FirstGroup £28,204,000 2.5% (Bus & rail operator)
5 RPC Group £28,073,000 2.5% of the fund (Plastic packaging)
6 St. Modwen Properties £27,942,000 2.5% of the fund (Property – investment & development)
7 e2v technologies £27,624,000 2.4% of the fund (Electronic components & subsystems)
8 Shanks Group £26,532,000 2.3% of the fund (Waste services)
9 Spirit Pub Company £24,972,000 2.2% of the fund (Managed pub operator)
10 Flybe Group £24,856,000 2.2% of the fund (Airline)
Top Ten Investments are worth £290,832,000 which equtes to 25.6% of the whole fund.
What is interesting is that the management team are major holders in the fund, so have a vest interest in the success of the fund, and also the fund yields 2.2% to investors.