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
GB00BLSNGB01

Share price
130.00p
As of 30/06/2022

Estimated NAV
152.42p
As of 30/06/2022

Discount / Premium
-14.71%
As of 30/06/2022

Yield
2.55%
As of 30/06/2022

Overview

Company update

On 27 January 2022, shareholders of Henderson European Focus Trust plc (the ‘Company’) approved a sub-division of the ordinary shares at the Company’s Annual General Meeting. The sub-division became effective on Monday, 7 February 2022 (the ‘Effective Date’). This means that each ordinary share of 50 pence in the capital of the Company (‘Previous Ordinary Shares’) has now been sub-divided into ten new ordinary shares of 5 pence each (‘New Ordinary Shares’). Although each ordinary shareholder now holds ten times as many New Ordinary Shares than before, each shareholder's proportionate interest in the ordinary share capital of the Company remains unchanged. The New Ordinary Shares have the same rights to participate in dividends or income of the Company and the same rights on liquidation of the Company as holders of Previous Ordinary Shares. Each New Ordinary Share carries the right to one vote on a poll.

Please see the Annual Report or watch the Understanding Share Splits video for further information. For more information, see the Annual Report read the FAQs or watch the Understanding share splits video.

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
  • View Henderson European Focus Trust ESG approach here
Past performance does not predict future returns. 
 

LATEST INSIGHTS

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

Source: Morningstar. Ratings updated quarterly.

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 does not predict future returns.
Discrete Performance (%)
As of 31/03/2022
Net Asset Value Price
 
Quarter End
As of 31/03/2022
2021/2022 2020/2021 2019/2020 2018/2019 2017/2018
Net Asset Value 3.96 42.29 -5.64 0.34 2.59
Price 3.83 50.34 -9.80 -9.03 -0.57
Cumulative Performance (%)
As of 31/05/2022
NAV (Net) Price (Net)
 
As of 31/05/2022 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 0.94 2.66 -6.30 -1.59 36.83 34.95 248.67
Price (Net) 1.06 -4.97 -10.54 -7.59 31.82 15.60 264.27
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
01-Jun-22 27-Jun-22 1.20
06-Jan-22 04-Feb-22 2.35
03-Jun-21 25-Jun-21 0.96
07-Jan-21 05-Feb-21 2.17
04-Jun-20 26-Jun-20 0.96
09-Jan-20 07-Feb-20 2.17
06-Jun-19 28-Jun-19 0.96
09-Jan-19 08-Feb-19 2.15
31-May-18 29-Jun-18 0.95
04-Jan-18 02-Feb-18 2.19
01-Jun-17 29-Jun-17 0.90
05-Jan-17 10-Feb-17 1.89

Portfolio

Top Holdings (As of 31/05/2022)
% of Fund
Novo Nordisk 4.44
Nestlé 4.40
ASR Nederland 3.83
UPM-Kymmene 3.64
Lundin Energy 3.60
Holcim 3.59
Airbus 2.94
ASML 2.94
LVMH Moet Hennessy Louis Vuitton 2.72
Cie de Saint-Gobain 2.69
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/05/2022)
Country/Geographic Exposures % OF FUND % OF FUND (As of May 31, 2022)

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 does not predict future returns
  • 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.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions.
  • The Company underwent a 10 for 1 stock split on 7 February 2022; comparative NAV, share price and dividend figures have, where possible, been adjusted to reflect this, but historic dividends and earnings per share up to 7 February 2022 may reflect the previous position, unless otherwise stated.