For financial professionals in the UK

HSL The Henderson Smaller Companies Investment Trust plc

Consistent outperformer against benchmark and large-cap rivals, the Trust seeks capital growth through medium and small UK companies

ISIN
GB0009065060

Share price
1,300.00p
As of 21/09/21

Estimated NAV
1,384.86p
As of 21/09/21

Discount / Premium
-6.13%
As of 21/09/21

Yield
1.83%
As of 21/09/21


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

2021 Annual General Meeting

Our AGM this year will be held on Friday, 1 October 2021 at 11.30 am.

We are pleased to invite you to attend the AGM in person at the registered office, 201 Bishopsgate, London EC2M 3AE. For those of you unable to travel, we will also be welcoming you to join by conferencing software Zoom. Attending either in person or by Zoom will allow you to be present for the usual presentation from your Fund Manager, Neil Hermon, and will enable you to ask questions and debate with your Fund Manager and Board.

As is our normal practice, there will be live voting for those physically present at the AGM. Due to technological restrictions, we cannot offer live voting by Zoom, and we therefore request all shareholders, and particularly those who cannot attend physically, to submit votes by proxy, ahead of the deadline of 11.30 am on Wednesday 29 September 2021, to ensure that your vote counts at the AGM.

If you wish to join the AGM by the conferencing software Zoom, please register in advance at this link, entering your shareholder details.

Please see the Notice of AGM and proxy form for further information. If shareholders would like to submit any questions in advance of the AGM, you are welcome to send these to the corporate secretary at itsecretariat@janushenderson.com.

Any change to the format of the AGM will be notified to shareholders via a Regulatory Information Service announcement and reported here on the Company’s website.

INVESTMENT OBJECTIVE

To maximise shareholder total returns by investing mainly in smaller companies in the United Kingdom.
The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Potential investors must read the latest annual report and where relevant, the key investor information document before investing. This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS TRUST

  • Looks for quality growth companies but will only invest at a reasonable price
  • Outperformed the Numis Smaller Companies Index in all but two years since Neil’s appointment in 2002
  • Disciplined management team that abides by a strict checklist to increase the likelihood of good performance
Past performance is not a guide to future performance. 
 

Knowledge Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions. We call this ethos Knowledge Shared.

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

PORTFOLIO MANAGEMENT

Neil Hermon

Director of UK Equities | Portfolio Manager

Industry since 1989. Joined Firm in 2002.

Performance

Past performance is not a guide to future performance.
Discrete Performance (%)
As of 30/06/21
Net Asset Value Price
 
Quarter End
As of 30/06/21
2020/2021 2019/2020 2018/2019 2017/2018 2016/2017
Net Asset Value 58.10 -9.57 -5.40 19.11 40.95
Price 63.00 -7.70 -8.50 28.40 42.10
Cumulative Performance (%)
As of 21/09/21
NAV (Net) Price (Net)
 
As of 21/09/21 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) -1.55 6.76 27.01 64.19 44.58 102.52 418.46
Price (Net) -0.43 7.37 25.45 79.02 51.26 130.62 524.64
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
26-Aug-21 11-Oct-21 16.75
11-Feb-21 09-Mar-21 7.00
27-Aug-20 12-Oct-20 16.50
13-Feb-20 09-Mar-20 7.00
08-Aug-19 08-Oct-19 16.50
14-Feb-19 08-Mar-19 6.50
30-Aug-18 28-Sep-18 15.00
15-Feb-18 09-Mar-18 6.00
07-Sep-17 09-Oct-17 13.00
16-Feb-17 10-Mar-17 5.00
01-Sep-16 30-Sep-16 11.00
11-Feb-16 04-Mar-16 4.00

Portfolio

Top Holdings (As of 31/08/21)
% of Fund
Future 3.38
Impax Asset Management Group 2.97
Bellway 2.38
Learning Technologies Group 2.26
Oxford Instruments 2.23
Watches of Switzerland Group 2.19
Gamma Communications 2.03
Team17 Group 2.02
RWS 1.94
Mitchells & Butlers 1.75
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/08/21)
Industrials 29.36
Consumer Discretionary 26.56
Financials 14.98
Technology 13.09
Health Care 4.40
Basic Materials 3.71
Real Estate 3.61
Energy 2.25
Telecommunications 2.03

Documents

Document View
  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • If a trust's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio diversified across more countries.
  • Most of the investments in this portfolio are in smaller companies shares. They may be more difficult to buy and sell and their share price may fluctuate more than that of larger companies.
  • This trust is suitable to be used as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this trust.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
  • The trust could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the trust.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • The return on your investment is directly related to the prevailing market price of the trust’s shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the trust. As a result losses (or gains) may be higher or lower than those of the trust’s assets.
  • The trust may use gearing as part of its investment strategy. If the trust utilises its ability to gear, the profits and losses incured by the trust can be greater than those of a trust that does not use gearing.
  • Derivatives use exposes the trust to risks different from, and potentially greater than, the risks associated with investing directly in securities and may therefore result in additional loss, which could be significantly greater than the cost of the derivative.
  • The Company confirms that it currently conducts its affairs so that its ordinary shares of 25p each can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.
  • The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in an investment trust.