Montanaro European Smaller Companies Fund Institutional EUR Acc

The objective of this fund is to outperform its Benchmark, the MSCI Europe SmallCap (Capital Return) Index, by primarily investing in SmallCap companies quoted in the EU, UK, Iceland, Norway, and Switzerland with a market capitalization smaller than the largest unadjusted market capitalization of any of the constituents of the Benchmark at the time of initial investment.

The fund is exposed to SmallCap companies in Europe and promotes environmental and social characteristics through ethical exclusions, quantitative and qualitative assessments, and engagement with investee companies. It does not track the Benchmark but uses it for comparison purposes and may invest in securities not included in the Benchmark.

The fund is exposed to exchange rate risk due to investments in companies with share prices denominated in currencies other than the Euro. Market risk is present as the value of investments and shares can fluctuate. Performance fees may be paid on unrealized gains, and different share classes may incur different fees. Additionally, tax risk, liquidity/market capitalization risk, and counterparty/operation risk are factors to consider.

https://montanaro.co.uk/fund/montanaro-european-smaller-companies-fund/