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

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ISIN
GB00BLSNGB01

Share price
166.50p
As of 07/12/2023

Estimated NAV
188.89p
As of 07/12/2023

Discount / Premium
-11.85%
As of 07/12/2023

Yield
2.61%
As of 07/12/2023

Overview

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 COMPANY

  • 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
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Past performance does not predict future returns. 
 

RATINGS AND AWARDS


Henderson European Focus Trust plc has won the ‘European Equity – Active’ category for 2023 in AJ Bell’s Investment Awards.
Find out more about the methodology behind the award here.

Source: AJ Bell voting, 22/09/2023
Past performance does not predict future returns.


Henderson European Focus Trust plc has been awarded the Kepler Growth Rating for 2023.
Find out more about the methodology behind the award here.

Source: Morningstar, Kepler calculations, 01/01/2022 - 31/12/2022
Past performance does not predict future returns.

This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. Performance records are detailed on the specific KID, fees and charges may vary and further information can be found in the company’s prospectus and KID which must be reviewed before investing.

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.

View more Henderson European Focus Trust insights

ANNOUNCEMENTS

View the latest announcements for this Company:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

Source: Morningstar. Ratings updated quarterly.

PORTFOLIO MANAGEMENT

Tom O'Hara

Tom O'Hara

Portfolio Manager

Industry since 2006. Joined Firm in 2018.

John Bennett

John Bennett

Director of European Equities | Portfolio Manager

Industry since 1987. Joined Firm in 2011.

Performance

Past performance does not predict future returns.
Discrete Performance (%)
As of 30/09/2023
Net Asset Value Price
 
Quarter End
As of 30/09/2023 		2022/2023 2021/2022 2020/2021 2019/2020 2018/2019
Net Asset Value 24.09 -13.07 22.60 5.91 4.31
Price 27.74 -18.28 28.84 3.72 3.15
© Morningstar 2023. All rights reserved. The Price and Net Asset Value are total returns. YTD returns are calendar year.
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Cumulative Performance (%)
As of 30/11/2023
NAV (Net) Price (Net)
 
As of 30/11/2023 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 7.97 3.76 15.30 15.12 31.03 68.45 157.71
Price (Net) 7.31 1.38 15.57 15.37 26.95 61.18 140.68
© Morningstar 2023. All rights reserved. The Price and Net Asset Value total returns.
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
01-Jun-23 27-Jun-23 1.30
05-Jan-23 06-Feb-23 3.65
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

Portfolio

Top Holdings (As of 31/10/2023)
% of Fund
UPM-Kymmene 6.07
Novo Nordisk 5.25
United Kingdom Gilt 0.125% 2024 5.09
TotalEnergies 4.34
Cie de Saint-Gobain 3.65
ASML 3.52
Safran 3.50
Airbus 3.44
LVMH Moet Hennessy Louis Vuitton 3.20
Holcim 3.15
View full holdings
References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.
Sector Allocation % OF FUND % OF FUND (As of 31/10/2023)
Country/Geographic Exposures % OF FUND % OF FUND (As of October 31, 2023)

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Henderson European Focus Trust – turning the spotlight on deep value
30 May 2023
Investment Insights

Henderson European Focus Trust – turning the spotlight on deep value

In the age of cheap money, European markets were often undervalued by global investors. But in a tougher economic environment where fundamentals matter it could be time to look to Europe’s global champions for real income and capital growth.

5 min read

Henderson European Focus Trust plc: Half-Year Results 2023
19 May 2023
Investment Insights

Henderson European Focus Trust plc: Half-Year Results 2023

Important information References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned. Not for onward distribution. Before investing

8 min read

Holcim – Building a sustainable future
27 Apr 2023
Investment Insights

Holcim – Building a sustainable future

Henderson European Focus Trust Portfolio Managers John Bennett and Tom O’Hara discuss how so-called ‘sin or dirty’ stocks can become sustainable, highlighting Holcim’s eco-friendly transformation.

6 min read

  • ​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 Company's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio that is diversified across more countries.
  • The Company may have a particularly concentrated portfolio (low number of holdings) relative to its investment universe - an adverse event impacting only a small number of holdings can create significant volatility or losses for the Company.
  • Where the Company invests in assets that are denominated in currencies other than the base currency, the currency exchange rate movements may cause the value of investments to fall as well as rise.
  • This Company is suitable to be used as one component of several within a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested in this Company.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times.
  • The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Company.
  • 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 Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result, losses (or gains) may be higher or lower than those of the Company's assets.
  • The Company may use gearing (borrowing to invest) as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incurred by the Company can be greater than those of a Company that does not use gearing.
  • The Company confirms that it currently conducts its affairs so that its ordinary shares of 5p 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.
  • Some documents are available in alternative formats. Click here for information on how to request them.