Portfolio Holdings

Holdings as at 30 November 2017

Rank Company/Security Weight
1 Vesuvius 3.5%
2 Bovis Homes Group 3.0%
3 FirstGroup 2.7%
4 Brewin Dolphin Holdings 2.6%
5 Coats Group 2.5%
6 Vitec Group 2.4%
7 TT Electronics 2.4%
8 Computacenter 2.3%
9 Keller Group 2.2%
10 Huntsworth 2.2%
11 Urban&Civic 2.2%
12 Robert Walters 2.2%
13 Grainger 2.2%
14 RPS Group 2.0%
15 Senior 1.9%
16 Northgate 1.9%
17 Nostrum Oil & Gas 1.9%
18 Forterra 1.8%
19 Wincanton 1.8%
20 Restaurant Group 1.8%
21 Bodycote 1.8%
22 Just Group 1.8%
23 Spirent Communications 1.7%
24 Future 1.7%
25 Essentra 1.5%
26 McColl's Retail Group 1.5%
27 Speedy Hire 1.5%
28 EnQuest 1.5%
29 Hogg Robinson Group 1.4%
30 Go-Ahead Group 1.4%
31 International Personal Finance 1.4%
32 De La Rue 1.4%
33 McKay Securities 1.4%
34 SDL 1.3%
35 U and I Group 1.3%
36 Morgan Advanced Materials 1.3%
37 SIG 1.2%
38 Anglo Pacific Group 1.2%
39 Mitchells & Butlers 1.2%
40 Eurocell 1.2%
41 RM 1.1%
42 Non-Standard Finance 1.1%
43 Vectura Group 1.0%
44 Hansteen Holdings 1.0%
45 Stagecoach Group 0.9%
46 Charles Stanley Group 0.9%
47 N Brown Group 0.9%
48 Connect Group 0.9%
49 Dunelm Group 0.9%
50 Laird 0.9%
51 Trinity Mirror 0.9%
52 Halfords Group 0.9%
53 Servelec Group 0.9%
54 Castings 0.9%
55 Gulf Marine Services 0.8%
56 Pendragon 0.8%
57 DFS Furniture 0.8%
58 Ei Group 0.8%
59 Low & Bonar 0.7%
60 KCOM Group 0.7%
61 Flybe Group 0.7%
62 Topps Tiles 0.6%
63 Bakkavor Group 0.6%
64 Games Workshop Group 0.6%
65 Carpetright 0.6%
66 John Menzies 0.6%
67 REA Holdings 0.5%
68 Carclo 0.5%
69 CMC Markets 0.5%
70 SOCO International 0.5%
71 Hansard Global 0.5%
72 Centaur Media 0.5%
73 Gem Diamonds 0.4%
74 Air Partner 0.3%
75 Greencore Group 0.3%
76 Management Consulting Group 0.2%
77 Microgen 0.2%
78 Capital Drilling 0.2%
79 Hardy Oil & Gas 0.1%
80 Wilmington 0.1%
81 Ultra Electronics Holdings 0.1%
82 Devro 0.0%
83 International Ferro Metals 0.0%
84 Kenmare Resources Warrants 2019 0.0%

Note:
The above weightings are calculated as a percentage of total investments.