For individual investors in the UK

HEFT Henderson European Focus Trust plc

A focused investment trust of between 35 and 45 companies from Europe with an emphasis on maximising total returns

ISIN
GB0005268858

Share price
1,470.00p
As of 21/01/2021

Estimated NAV
1,600.40p
As of 21/01/2021

Discount / Premium
-8.15%
As of 21/01/2021

Yield
2.13%
As of 21/01/2021


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 Thursday, 28 January 2021 at 2.30 pm.

In light of the ongoing Covid-19 pandemic and with a view to making the AGM as safe and accessible for shareholders as possible, you are invited to attend the 2021 AGM using the conferencing software Zoom. This will allow you to be present for the usual presentation from our Fund Managers, John Bennett and Tom O’Hara, and will enable you to ask questions and engage with your Fund Managers and Board.

Due to technological restrictions, voting will be conducted on a poll among the directors (rather than on a show of hands), with the Chairman holding the proxy votes. As there can be no live voting at the meeting, we request all shareholders to submit their votes by proxy to ensure that their vote counts at the AGM, ahead of the deadline of 2.30 pm on Tuesday, 26 January 2021.

To attend the AGM, please register using this link, entering your details. You will then receive your invitation to the webinar. 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, they are welcome to send these to the corporate secretary at itsecretariat@janushenderson.com.

INVESTMENT OBJECTIVE

The Company seeks to maximise total return (a combination of income and capital growth) from a portfolio of stocks listed in Europe.

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

  • Prioritises value when allocating funds and is uninhibited by index weightings
  • The team looks for inflexion points whereby a company or sector is set for a period of growth
  • The portfolio can hold companies of any size but has a strong bias towards large cap
  • To view Henderson European Focus Trust ESG approach click here
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

John Bennett

Director of European Equities | Portfolio Manager

Industry since 1987. Joined Firm in 2011.

Tom O’Hara

Portfolio Manager

Industry since 2006. Joined Firm in 2018.

Performance

Past performance is not a guide to future performance.
Discrete Performance (%)
As of 31/12/2020
Net Asset Value Price
 
Quarter End
As of 31/12/2020
2019/2020 2018/2019 2017/2018 2016/2017 2015/2016
Net Asset Value 10.89% 24.35% -10.46% 14.71% 17.93%
Price 8.50% 31.50% -20.90% 28.20% 4.10%
Cumulative Performance (%)
As of 21/01/2021
NAV (Net) Price (Net)
 
As of 21/01/2021 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 4.34% 11.46% 3.70% 12.76% 24.68% 87.81% 204.56%
Price (Net) 5.05% 16.09% 2.88% 14.35% 17.68% 80.36% 203.51%
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
07-Jan-21 05-Feb-21 21.70
04-Jun-20 26-Jun-20 9.60
09-Jan-20 07-Feb-20 21.70
06-Jun-19 28-Jun-19 9.60
09-Jan-19 08-Feb-19 21.50
31-May-18 29-Jun-18 9.50
04-Jan-18 02-Feb-18 21.90
01-Jun-17 29-Jun-17 9.00
05-Jan-17 10-Feb-17 18.90
26-May-16 28-Jun-16 7.50
07-Jan-16 05-Feb-16 17.65
28-May-15 30-Jun-15 7.00

Portfolio

Top Holdings (As of 31/12/2020)
% of Fund
LafargeHolcim 6.40
UPM-Kymmene 6.04
Nestl 3.99
ASML 3.58
Nordea Bank Abp 3.27
Autoliv 3.19
ASR Nederland 3.16
Roche 3.15
Signify 2.92
Nokian Renkaat 2.70
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/12/2020)
Industrials 25.45
Consumer Goods 20.17
Financials 12.79
Basic Materials 12.04
Technology 9.26
Health Care 9.15
Utilities 6.20
Oil & Gas 3.83
Consumer Services 1.10
Country/Geographic Exposures % OF FUND % OF FUND (As of December 31, 2020)
France 21.17
Switzerland 16.17
Netherlands 13.25
Finland 12.24
Sweden 9.29
Germany 8.93
Belgium 4.46
Italy 4.07
United States 3.19
Spain 2.29

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.
  • The trust may have a particularly concentrated portfolio (low number of holdings) relative to its investment universe and an adverse event impacting only a small number of holdings can create significant volatility or losses for the trust.
  • Where the trust invests in assets which are denominated in currencies other than the base currency then currency exchange rate movements may cause the value of investments to fall as well as rise.
  • 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.
  • The Company confirms that it currently conducts its affairs so that its ordinary shares of 50p 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.
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