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UK Smaller Companies
WS Gresham House UK Micro Cap Fund
Managed by Gresham House Asset Management Ltd
Latest factsheet
Jul 2026
Fund size
£131.7m
Yearly charge
0.99%
Manager fee
0.90%
Income yield
–
Holdings
38
Launched
19 May 2009
To achieve capital growth over any five-year period, after all costs and charges have been taken. The fund targets to invest, up to 70% of the portfolio, in the shares of UK companies. Capital invested is at risk and there is no guarantee the objective will be achieved over any time period.
Ken Wotton (Co-Manager) · Brendan Gulston (Co-Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | +1.10% | +3.70% | – | Bottom 25% |
| YTD | +5.20% | +6.90% | – | Lower half |
| 1Y | +6.40% | +6.60% | – | Lower half |
| 3Y | +25.90% | +22.60% | – | Upper half |
| 5Y | -5.00% | -10.10% | – | Upper half |
| 10Y | +112.60% | +83.00% | – | Top 25% |
| Since launch | +500.80% | +409.10% | – | Upper half |
Calendar-year performance
| 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| +25.40% | -30.10% | +5.00% | +8.70% | +8.00% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Angling Direct | 5.80% | |
| 2 | Strategic Equity Capital | 5.30% | |
| 3 | ActiveOps | 5.00% | |
| 4 | Tribal | 5.00% | |
| 5 | TruFin | 5.00% | |
| 6 | Netcall | 4.70% | |
| 7 | Vulcan Two | 4.10% | |
| 8 | SysGroup | 4.00% | |
| 9 | Ten Lifestyle | 3.70% | |
| 10 | Diaceutics | 3.60% |
Portfolio breakdown
Sector
| Consumer | 28.90% | |
| Financials | 19.00% | |
| TMT | 16.00% | |
| Healthcare & Education | 13.00% | |
| Business Services | 5.80% | |
| Cash | 1.30% |
Market cap
| Micro Cap (<£250m) | 86.70% | |
| Small Cap (£250m - £1.5bn) | 12.00% | |
| Cash | 1.30% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| A Acc | GB00B55S9X98 | B55S9X9 | acc | – | 0.90% | 0.98% | £100k |
| C Acc | GB00BV9FYS80 | BV9FYS8 | acc | – | 0.90% | 0.99% | £10k |
| C Inc | GB00BV9FYT97 | BV9FYT9 | inc | – | 0.90% | 0.99% | £10k |
| – | GB00BDFYHP14 | BDFYHP1 | – | – | 1.25% | 1.34% | £5.0m |