Uncovering Value in
UK Small Cap
We believe the UK Smaller Companies sector (as defined by the AIC) is generally under-researched by larger investors and often underweighted. Therefore there is potential to uncover nuggets - opportunities that represent fundamental quality, where investment will result in superior returns, provided decision-making processes are applied consistently, rigorously and without sentiment. This is where Athelney excels.
We aim to provide you, our shareholders,
with long-term growth in dividends and capital.
Investment Objective
The investment objective of the Trust is to provide long-term growth in dividends and capital, with the risks inherent in small cap investment minimised through a spread of holdings in quality small cap companies that operate in various industries and sectors. The Fund Manager also considers that it is important to maintain a progressive dividend record.
Investment Policy
The assets of the Trust are allocated predominantly to companies with either a full listing on the London Stock Exchange or a trading facility on AIM or AQSE. The assets of the Trust have been allocated in two main ways: first, to the shares of those companies which have grown steadily over the years in terms of profits and dividends but, despite this progress are undervalued by the market when compared to future earnings and dividends; second, those companies whose shares are undervalued by the market when compared with the value of land, buildings, other assets or cash on their balance sheet.
