For individual investors in the UK

HNE Henderson EuroTrust plc

Seeking growth, quality and consistency from a selection of 35 to 55 European companies (ex UK) and an emphasis on total return

ISIN
GB0004199294

Share price
1,500.00p
As of 26/10/2021

Estimated NAV
1,677.30p
As of 26/10/2021

Discount / Premium
-10.57%
As of 26/10/2021

Yield
1.67%
As of 26/10/2021

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

On 5 October 2021, the Company announced that it was proposing a sub-division (‘Share Split’) of its share capital. The proposed Share Split of each existing ordinary share of 5p each into 10 ordinary shares of 0.5p each.

To further support the commitment to incorporate Environmental, Social and Governance (‘ESG’) factors and sustainability considerations into the investment process, the Company plans to convert to ‘Article 8’ under the Sustainable Financial Disclosure Regulations (‘SFDR’) also referred to as ‘Light Green’.

These proposed changes are subject to shareholder approval at the Company's Annual General Meeting, which will be held on 17 November 2021.

For more information, read the Annual Report and Accounts, download the FAQs or watch the Understanding share splits video.

INVESTMENT OBJECTIVE

The Company aims to achieve a superior total return from a portfolio of high quality European (excluding the UK) investments.
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

  • Very experienced management team with a deep understanding of developed European markets
  • High conviction rate means the team avoids holdings of less than 1% of the portfolio
  • Provides a diversifier to UK- or US-biased equity portfolios
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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

Jamie Ross, CFA

Jamie Ross, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2007.

Performance

Past performance is not a guide to future performance.
Discrete Performance (%)
As of 30/09/2021
Net Asset Value Price
 
Quarter End
As of 30/09/2021 		2020/2021 2019/2020 2018/2019 2017/2018 2016/2017
Net Asset Value 19.69 13.79 7.99 4.09 31.22
Price 24.20 10.40 7.50 -2.20 43.80
© Morningstar 2021. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance (%)
As of 26/10/2021
NAV (Net) Price (Net)
 
As of 26/10/2021 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 0.22 1.44 9.02 21.53 59.31 78.24 275.92
Price (Net) -0.03 -0.52 2.20 20.34 56.93 79.33 288.18
© Morningstar 2021. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
21-Oct-21 24-Nov-21 17.00
08-Apr-21 23-Apr-21 8.00
22-Oct-20 25-Nov-20 17.00
09-Apr-20 24-Apr-20 8.00
17-Oct-19 20-Nov-19 23.00
11-Apr-19 26-Apr-19 8.00
18-Oct-18 21-Nov-18 22.50
12-Apr-18 27-Apr-18 8.00
19-Oct-17 22-Nov-17 18.00
06-Apr-17 28-Apr-17 7.00
20-Oct-16 23-Nov-16 14.00
07-Apr-16 29-Apr-16 6.00

Portfolio

Top Holdings (As of 30/09/2021)
% of Fund
Novo Nordisk 5.57
Roche 5.54
Nestl 5.31
BAWAG Group 5.13
Koninklijke DSM 4.78
Stellantis 4.77
CNH Industrial 3.69
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 3.49
UniCredit 3.38
Cellnex Telecom 3.15
View full holdings
References made to individual securities should not constitute or form part of any offer or solicitation to issue, sell, subscribe or purchase. Holdings are subject to change without notice.
Sector Allocation % OF FUND % OF FUND (As of 30/09/2021)
Consumer Discretionary 21.34
Financials 18.88
Health Care 13.10
Consumer Staples 10.86
Industrials 10.22
Information Technology 8.58
Communication Services 7.13
Materials 5.97
Utilities 3.92
Energy 0.00
Country/Geographic Exposures % OF FUND % OF FUND (As of September 30, 2021)
Italy 18.65
Germany 18.03
Switzerland 16.31
France 14.39
Netherlands 11.63
Denmark 8.16
Spain 5.15
Austria 5.13
Sweden 2.55

Documents

Document View
Henderson EuroTrust plc - ESG Principles and Approach
Henderson EuroTrust plc - Annual Report 2021
Henderson EuroTrust plc - Annual Report 2021 (Interactive)
Henderson EuroTrust plc - Annual Report 2020
Henderson EuroTrust plc - Annual Report 2020 (Interactive)
Henderson EuroTrust plc - Annual Report 2019
Henderson EuroTrust plc - Annual Report 2018
Henderson EuroTrust plc - Annual Report 2017
Henderson EuroTrust plc - Annual Report 2016
Henderson EuroTrust plc - Annual Report 2015
Henderson EuroTrust plc - Annual Report 2014
Henderson EuroTrust plc - Annual Report 2013
Henderson EuroTrust plc - Annual Report 2012
Henderson EuroTrust plc - Factsheet
Henderson EuroTrust plc - Monthly commentary
Henderson EuroTrust plc - Portfolio Disclosure
Henderson EuroTrust plc - Half Year Report 2021
Henderson EuroTrust plc - Half Year Report 2020
Henderson EuroTrust plc - Half Year Report 2019
Henderson EuroTrust plc - Half Year Report 2018
Henderson EuroTrust plc - Half Year Report 2017
Henderson EuroTrust plc - Half Year Report 2016
Henderson EuroTrust plc - Half Year Report 2015
Henderson EuroTrust plc - Half Year Report 2014
Henderson EuroTrust plc - Half Year Report 2013
Henderson EuroTrust plc - Half Year Report 2012
Henderson EuroTrust plc - Half Year Update 2021
Henderson EuroTrust plc - Notice of Meeting 2021
Henderson EuroTrust plc - Key Information Document
Henderson EuroTrust plc - AIFMD Disclosure
Henderson EuroTrust plc - Form of Proxy 2021
Henderson EuroTrust plc - Poll Results 2020
Henderson EuroTrust plc - Proxy Votes 2019
Henderson EuroTrust plc - Change of Investment Policy and Share Split FAQs
Henderson EuroTrust plc - Trust Pack (including latest Accounts)
Henderson EuroTrust plc - Schedule of Matters Reserved for the Board
Henderson EuroTrust plc - Terms of Reference of the Audit and Risk Committee
Henderson EuroTrust plc - Terms of Reference of the Management Engagement Committee
Henderson EuroTrust plc - Terms of Reference of the Nominations Committee
Henderson EuroTrust plc - Role of the Chairman

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Anatomy of a good company: Allfunds
October 2021

Anatomy of a good company: Allfunds

David Barker, Research Analyst of Henderson EuroTrust, provides a snapshot of the typical analysis undertaken on every company considered for the portfolio. In this case, he explains the rationale behind the inclusion of Allfunds, one of the world’s leading weatlhtech companies.

5 min read

Fund Manager September 2021 Commentary – Henderson EuroTrust
October 2021

Fund Manager September 2021 Commentary – Henderson EuroTrust

Jamie Ross, Portfolio Manager of Henderson EuroTrust, delivers his monthly commentary highlighting how the Trust performed in September, how individual stocks contributed to performance and touches on recent portfolio activity.

4 min read

Fund Manager August 2021 Commentary – Henderson EuroTrust
September 2021

Fund Manager August 2021 Commentary – Henderson EuroTrust

Jamie Ross, Portfolio Manager of Henderson EuroTrust, delivers his monthly commentary highlighting how the Trust performed in August and how individual stocks contributed to performance.

Read More

  • ​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 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.