Funds - Appian Asset Management

Small Companies

The Appian Small Companies Opportunities Fund invests in a concentrated portfolio of high quality publicly quoted stocks with a market capitalisation of €100m to €4billion. Small Companies have been shown to consistently outperform broader equity markets over the long term, but with a higher degree of volatility. We invest in companies with proven management, low levels of gearing and strong easily understood business models. All our funds have no entry, exit or performance fees and performance figures are shown net of all annual management fees. Please see some of the key information in relation to the Appian Small Companies Opportunities Fund as at the end of Q1 2017 and the funds historic unit prices below.

Fund Return
Period	Q4 2012	2013	2014	2015	2016	2017
Fund Return *	0.61%	30.5%	12.04%	28.75%	0.71%	10.37%

Close of Business Mid-Market Prices	Deal Date	Dealing Price €
31/10/2017	01/11/2017	210.5239
29/09/2017	02/10/2017	208.556
31/08/2017	01/09/2017	199.4074
01/08/2017	02/08/2017	200.687
30/06/2017	04/07/2017	202.647
31/05/2017	01/06/2017	208.7308
28/04/2017	02/05/2017	212.1255
31/03/2017	03/04/2017	201.8611
28/02/2017	01/03/2017	195.7463
31/01/2017	01/02/2017	191.0748
30/12/2016	03/01/2017	190.7515
30/11/2016	01/12/2016	186.0149

Top 5 Equity Holdings
Name	Country	Sector	%
Jungheinrich	Eurozone	Machinery	5.43
Playtech	UK	Software & Services	4.81
Micro Focus	UK	Technology	4.6
Norma Group	UK	Building Materials	3.54
Swiss Life Holding	Switzerland	Insurance	3.41

Geographic Equity Distribution

Performance Chart

Fund Fact sheets

Downloadable Fact Sheets
Small Companies	Q3 14	01/10/2014
Small Companies	Q4 14	02/01/2015
Small Companies	Q1 15	01/04/2015
Small Companies	Q2 15	30/06/2015
Small Companies	Q3 15	30/09/2015
Small Companies	Q4 15	06/04/2016
Small Companies	Q1 16	12/04/2016
Small Companies	Q 2 16	30/06/2016
Small Companies	Q3 16	30/09/2016
Small Companies	Q4 16	31/12/2016
Small Companies	Q1 17	31/03/2017
Small Companies	Q2 17	30/06/2017
Small Companies	Q3 17	30/09/2017

For more information on our Small Companies click here.

* WARNING The value of investments may go down as well as up. Past performance is not a reliable guide to future performance. These investments may be affected by changes in currency exchange rates.

No part of this website is to be reproduced without our written permission. This website has been prepared and issued by Appian Asset Management on the basis of publicly available information, internally developed data and other sources believed to be reliable. It does not constitute an offer or an invitation to invest, or the provision of investment advice. No party should treat any of the contents herein as advice in relation to any investment. While all reasonable care has been given to the preparation of the information, no warranties or representation express or implied are given or liability accepted by Appian Asset Management or its affiliates or any directors or employees in relation to the accuracy fairness or completeness of the information contained herein. Any opinion expressed (including estimates and forecasts) may be subject to change without notice.