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02 Aug 2021

Odyssean Investment Trust

Company Notes

Return to premium rating validates differentiated approach

Odyssean Investment Trust* aims to generate an attractive total return over the medium term, principally through capital growth. The fund invests in a concentrated portfolio of UK-listed smaller companies, which the managers believe are trading below intrinsic value and have the potential to improve through strategic or operational initiatives. Co-portfolio managers Stuart Widdowson and Ed Wielechowski have a combined 34 years of direct investment experience in UK smaller companies. The fund’s concentrated approach enables a depth of understanding of each investee company, as well as allowing for enhanced due diligence. The managers target a +15% annualised return in order to double shareholders’ money every five years, across the economic cycle. Since its launch in May 2018, the fund has generated a NAV total return of +59%, outperforming the +28% return of the NSCI XIC + AIM comparator index and the +38% return of the UK Smaller Companies peer group.

*Denotes a corporate broking client of Winterflood Securities