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
1,530.00p
As of 25/01/2022

Estimated NAV
1,672.37p
As of 25/01/2022

Discount / Premium
-8.51%
As of 25/01/2022

Yield
2.16%
As of 25/01/2022


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

Annual General Meeting 2022

We are pleased to invite you to attend the Henderson European Focus Trusts’ Annual General Meeting (AGM) taking place on Thursday 27 January 2022 at 2:30pm. Please be aware that 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.

At present a physical meeting is planned and you are invited to attend in person at the registered office, 201 Bishopsgate, London EC2M 3AE. Those who are unable to travel will be welcome to join by Zoom video conference. If you wish to join the AGM by Zoom, please register here in advance, entering your shareholder details. Attending either in person or by Zoom will allow you to be present for the usual presentation from your Fund Managers, John Bennett and Tom O’Hara, and will enable you to ask questions and debate with your Fund Managers and Board.

As is our normal practice, there will be live voting for those physically present at the AGM. Due to technical 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 2.30pm on Tuesday 25 January 2022 to ensure your vote counts at the AGM.

Please see the Notice of AGM and proxy form for further information within the Documents section listed below. If you 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.

Share Split

On 8 December 2021, the Company announced that it was proposing a sub-division (‘Share Split’) of its share capital. The proposed Share Split would divide each existing share of 50p into 10 shares of 5p each. These proposed changes are subject to shareholder approval at the Company's Annual General Meeting on 27 January 2022. 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
  • 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 31/12/2021
Net Asset Value Price
 
Quarter End
As of 31/12/2021
2020/2021 2019/2020 2018/2019 2017/2018 2016/2017
Net Asset Value 17.25 10.89 24.35 -10.46 14.71
Price 14.60 8.50 31.50 -20.90 28.20
Cumulative Performance (%)
As of 25/01/2022
NAV (Net) Price (Net)
 
As of 25/01/2022 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) -5.33 -4.53 -5.77 9.87 48.64 54.02 236.39
Price (Net) -4.33 -1.76 -4.62 9.59 48.52 50.82 261.59
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
06-Jan-22 04-Feb-22 23.50
03-Jun-21 25-Jun-21 9.60
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

Portfolio

Top Holdings (As of 30/11/2021)
% of Fund
Holcim 5.22
Roche 4.10
Lundin Energy 4.04
UPM-Kymmene 3.97
ASR Nederland 3.86
ASML 3.65
Novo Nordisk 3.62
Nordea Bank Abp 3.36
Nestl 3.19
Koninklijke Ahold Delhaize 3.13
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/12/2021)
Country/Geographic Exposures % OF FUND % OF FUND (As of December 31, 2021)

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.