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
1,247.50p
As of 24/09/2020

Estimated NAV
1,429.77p
As of 24/09/2020

Discount / Premium
-12.75%
As of 24/09/2020

Yield
2.51%
As of 24/09/2020

Buy via interactive investor Buy via AJ Bell Youinvest

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

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
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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.

View Our Investment Trust Insights

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

PORTFOLIO MANAGEMENT

John Bennett

John Bennett

Director of European Equities | Portfolio Manager

Industry since 1987. Joined Firm in 2011.

Tom O’Hara

Tom O’Hara

Portfolio Manager

Industry since 2006. Joined Firm in 2018.

Performance

Past performance is not a guide to future performance. Performance is shown based on the Share Price and does not include income reinvested.
Discrete Performance (%)
As of 30/06/2020
Net Asset Value Price (ORD) (ORD)
 
Quarter End
As of 30/06/2020 		2019/2020 2018/2019 2017/2018 2016/2017 2015/2016
Net Asset Value 20.08% 9.54% 4.62% 5.84% 4.73%
Price 23.20% 10.20% -6.00% 5.70% -3.20%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance (%)
As of 24/09/2020
Net Asset Value Price
 
As of 24/09/2020 1MO 3MO YTD 1YR 3YR 5YR 10YR
Net Asset Value -0.03% 5.09% 1.60% 6.32% 12.48% 67.03% 185.81%
Price 0.60% 3.96% -6.68% 2.28% -1.27% 42.96% 181.84%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
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
02-Jan-15 06-Feb-15 17.45

Portfolio

Top Holdings (As of 31/08/2020)
% of Fund
LafargeHolcim 7.58
Nestl 4.78
UPM-Kymmene 4.14
SAP 3.64
ASML 3.36
Roche 3.22
Akzo Nobel 2.99
Autoliv 2.93
Dometic Group 2.87
ASR Nederland 2.78
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/08/2020)
Industrials 31.74
Consumer Goods 17.39
Financials 11.56
Basic Materials 11.20
Technology 10.90
Health Care 10.71
Utilities 5.01
Oil & Gas 1.49
Country/Geographic Exposures % OF FUND % OF FUND (As of August 31, 2020)
Switzerland 15.58
Germany 14.38
France 13.59
Netherlands 12.09
Sweden 11.75
Finland 10.04
Italy 5.16
Denmark 4.84
Belgium 3.97
Spain 3.15

Documents

Document View
Henderson European Focus Trust plc - Annual Report 2019
Henderson European Focus Trust plc - Annual Report 2018
Henderson European Focus Trust plc - Annual Report 2017
Henderson European Focus Trust plc - Annual Report 2016
Henderson European Focus Trust plc - Annual Report 2015
Henderson European Focus Trust plc - Annual Report 2014
Henderson European Focus Trust plc - Annual Report 2013
Henderson European Focus Trust plc - Annual Report 2012
Henderson European Focus Trust plc - Annual Report 2011
Henderson European Focus Trust plc - Form of Proxy 2020
Henderson European Focus Trust plc - Factsheet
Henderson European Focus Trust plc - Portfolio Disclosure
Henderson European Focus Trust plc - Half Year Report 2020
Henderson European Focus Trust plc - Half Year Report 2019
Henderson European Focus Trust plc - Half Year Report 2018
Henderson European Focus Trust plc - Half Year Report 2017
Henderson European Focus Trust plc - Half Year Report 2016
Henderson European Focus Trust plc - Half Year Report 2015
Henderson European Focus Trust plc - Half Year Report 2014
Henderson European Focus Trust plc - Half Year Report 2013
Henderson European Focus Trust plc - Half Year Report 2012
Henderson European Focus Trust plc - Half Year Update 2020
How to Invest
Henderson European Focus Trust plc - Notice of Meeting 2020
Henderson European Focus Trust plc - Investment Objective & Policy
Henderson European Focus Trust plc - Key Information Document
Henderson European Focus Trust plc - AIFMD Disclosure
Henderson European Focus Trust plc - Proxy Votes 2020
Henderson European Focus Trust plc - Proxy Votes 2019
Henderson European Focus Trust plc - Schedule of Matters Reserved for the Board
Henderson European Focus Trust plc - Terms of Reference for the Nominations Committee
Henderson European Focus Trust plc - Terms of Reference of the Management Engagement Committee
Henderson European Focus Trust plc - Terms of Reference of the Audit Committee

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
European equities: stick to the knitting
April 2020

European equities: stick to the knitting

John Bennett, Co-Manager of Henderson European Focus Trust, discusses what he believes are the important factors to focus on in times of market turmoil and highlights the importance of ‘sticking to the knitting’.

Watch Now

European equities: uncharted waters
March 2020

European equities: uncharted waters

John Bennett, Director of European Equities and Portfolio Manager of Henderson European Focus Trust, provides a ‘quick view’ update covering the recent market sell-off and portfolio positioning.

Read More

Master Investor Podcast with HEFT portfolio managers
March 2020

Master Investor Podcast with HEFT portfolio managers

John Bennett and Tom O’Hara, Co-Managers of Henderson European Focus Trust, explain their thoughts on the continent’s equity market and point to Europe leading the world in one emerging sector.

Listen Now

  • ​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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