Rockwood Strategic Plc is an Investment Trust with a premium listing on the London Stock Exchange. It invests in a focused portfolio of smaller UK public companies under £250 million market capitalisation, with many under £150m. The differentiated strategy identifies undervalued shares where the potential exists to improve returns and where the company is benefitting, or will benefit from, operational, strategic or management changes. These unlock, create or realise shareheolder value for investors. The investment team is supported by an Advisory Group with over 200 years combined investing experience and the insight and expertise at Harwood Capital with their active Private Equity, Debt and Property teams. The Fund has the best Net Asset Value returns in the Association of Investment Companies small companies sector over the last 1, 3 and 5 years to September 2023. The investment team ‘constructively engage’ with stakeholders, often secure Board seats and have the majority of the capital in the top ten holdings. The style of investing has a strong value and recovery bias with a focus on potential free cash flow generation and targets investments that have the potential to deliver 15% IRRs over the investment time horizon of 3 to 5 years.