Montanaro UK Smaller Companies Investment Trust PLC (MUSCIT) is a closed-ended investment trust and investment company. The Company's investment objective is capital appreciation through investing in small quoted companies, which are listed on the London Stock Exchange or traded on the Alternative Investment Market (AIM) and to achieve relative outperformance of its benchmark, the Numis Smaller Companies Index (excluding investment companies) (NSCI). The Company seeks to achieve its objective by investing in a portfolio of quoted United Kingdom small companies. The Company's investment portfolio includes investments in various sectors, such as oil and gas, basic materials, industrials, consumer goods, healthcare, consumer services, telecommunications, utilities, financials and technology. The Company's investment manager is Montanaro Asset Management Limited.