- VT Downing Small & Mid-Cap Income Fund Quarterly Commentary – June 2026 VT Downing Small & Mid-Cap Income Fund added Young & Co Brewery and sold Telecom Plus after its investment-heavy strategy undermined the appeal of its capital-light model. Luceco is positioned to gain share after competitors left the UK market and to build higher-value revenue from its Sync EV charger network, while Greencore’s Bakkavor integration retains synergy upside. Quarterly Commentary – June 2026 AMS $838MGNCGF $3.1BLUCE $449M
One letter so far. We collect each new one as Downing publishes it.
