Odyssean Investment Trust PLC

Odyssean Investment Trust PLC is a United Kingdom-based closed-ended investment trust launched on 30 April 2018. Its primary objective is to deliver attractive total returns per share, mainly through long-term capital growth, by investing in smaller company equities quoted on London Stock Exchange markets where securities trade below intrinsic value. The trust targets companies amenable to value enhancement via strategic, operational, management, or financial initiatives, often taking influencing stakes to engage stakeholders for improvement. It allocates up to 20% of gross assets to unquoted UK-based securities or quoted securities outside the London Stock Exchange, maintaining flexibility with cash holdings. Key sectors include technology (22.42%), industrials, basic materials, and healthcare, with top holdings like NCC Group plc (14.11%), XP Power Limited (13.37%), and Elementis plc (11.81%). Managed by Odyssean Capital LLP, the trust features a 1% annual management charge, 1.48% ongoing charge, no dividends, and total assets around £254 million as of recent data. It plays a significant role in the UK smaller companies market, offering exposure to high-conviction, research-driven investments in undervalued firms.