JPMorgan European Discovery Trust plc is a UK-domiciled closed-ended investment trust focused on achieving capital growth through a diversified portfolio of high-quality smaller companies in Continental Europe, excluding the UK. Managed by JPMorgan Asset Management, with portfolio managers Jon Ingram, Jack Featherby, and Jules Bloch, it targets around 75 promising small and mid-cap stocks, often undervalued and relatively unknown 'hidden gems' with strong fundamentals and long-term growth potential. The trust emphasises capital appreciation over income, utilising gearing up to 20% net to enhance returns and employing a bottom-up investment process unconstrained by sector or country limits within its benchmark universe, the MSCI Europe ex UK Small Cap Index. Key sectors include industrials, financials, information technology, and healthcare, with geographic exposure to Italy, France, Germany, and others. It has demonstrated a strong track record, outperforming its benchmark over one, three, five, and ten-year periods, supported by robust risk management and process enhancements amid market volatility. Available across UK investment platforms, it plays a vital role in providing investors access to the dynamic European small-cap market's growth opportunities.