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Investment trust
JEDTJPMorgan European Discovery Trust plc
Managed by JPMorgan Asset ManagementJon Ingram, Jules Bloch, Jack Featherby
Latest factsheet
31 May 2026
Net assets
£647.9m
Yearly charge
0.88%
vs asset value
7.0% discount
Borrowing
3.70%
Dividend yield
2.00%
The Company aims to provide capital growth from a diversified portfolio of high-quality smaller companies in Continental Europe. As the emphasis is on capital growth rather than income, shareholders should expect the dividend to vary from year to year. The Company has the ability to use borrowing to gear the portfolio within the range of 20% net cash to 20% geared, in normal market conditions. Gearing may magnify gains or losses experienced by the Company.
7.0% discount — the shares change hands for less than the value of what the trust owns. Unlike an open-ended fund, a trust’s shares are bought and sold on the stock exchange, so their price is whatever buyers and sellers agree — not the value of the portfolio behind them.Share price 661 · asset value per share 710.9 (GBP)
Cumulative performance
| Period | Trust | MSCI Europe ex UK Small Cap Index (Net) |
|---|---|---|
| 1M | +6.61% | +5.79% |
| 3M | +0.30% | +2.21% |
| YTD | +10.72% | +9.85% |
| 1Y | +22.05% | +22.11% |
Annualised performance
| Period | Trust, a year at a time | MSCI Europe ex UK Small Cap Index (Net) |
|---|---|---|
| 3Y | +21.55% | +18.20% |
| 5Y | +8.30% | +6.54% |
| 10Y | +11.19% | +10.37% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Storebrand | 3.00% | |
| 2 | Glanbia* | 2.80% | |
| 3 | ISS A/S* | 2.80% | |
| 4 | Lottomatica | 2.80% | |
| 5 | Sydbank* | 2.50% | |
| 6 | Heijmans | 2.30% | |
| 7 | Attendo | 2.30% | |
| 8 | SPIE* | 2.30% | |
| 9 | Elis* | 2.20% | |
| 10 | Accelleron | 2.20% |
Portfolio breakdown
Sector
| Capital Goods | 21.40% | |
| Commercial & Professional Services | 13.80% | |
| Others | 13.10% | |
| Materials | 6.80% | |
| Health Care Equipment & Services | 6.60% | |
| Banks | 6.50% | |
| Software & Services | 5.90% | |
| Cash | 5.50% | |
| Energy | 5.50% | |
| Insurance | 5.00% | |
| Consumer Durables & Apparel | 5.00% | |
| Consumer Services | 4.90% |
Geography
| France | 12.70% | |
| Sweden | 11.10% | |
| Germany | 10.70% | |
| Italy | 10.70% | |
| Norway | 8.40% | |
| Austria | 7.90% | |
| Denmark | 7.30% | |
| Spain | 7.10% | |
| Ireland | 6.80% | |
| Switzerland | 6.10% | |
| Others | 5.70% | |
| Cash | 5.50% |
Key facts
- Stock market ticker
- JEDT
- ISIN
- GB00BMTS0237
- Benchmark
- MSCI Europe ex UK Small Cap Index (Net)
- Currency
- GBP
- Domiciled in
- United Kingdom
- Launched
- 24 Apr 1990
- Management fee
- 0.70%
- Dividends paid
- Annual
Source factsheets
| Date | Published by the trust |
|---|---|
| 31 May 2026 | View original factsheet ↗ |