HNE Henderson EuroTrust plc

Seeking growth, quality and consistency from a selection of 40 to 60 European companies (ex UK) and an emphasis on total return

ISIN
GB0004199294

Share price
1,262.50p
As of 24/09/2020

Estimated NAV
1,437.38p
As of 24/09/2020

Discount / Premium
-12.17%
As of 24/09/2020

Yield
2.46%
As of 24/09/2020

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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 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. 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 25.26% 8.64% 3.87% 7.04% 4.67%
Price 25.90% 8.30% 1.70% 10.10% -4.20%
© 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 -0.57% 3.48% 10.34% 14.69% 29.01% 96.94% 213.06%
Price -0.98% 2.64% 7.34% 12.87% 18.42% 71.18% 222.57%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
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
15-Oct-15 23-Nov-15 13.00
02-Apr-15 24-Apr-15 5.50
16-Oct-14 21-Nov-14 12.50

Portfolio

Top Holdings (As of 31/08/2020)
% of Fund
Telecom Italia 5.48
Roche 4.72
Koninklijke DSM 4.07
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 3.96
Vivendi 3.94
Novo Nordisk 3.89
Cellnex Telecom 3.73
Prosus 3.19
Nestl 3.15
Embracer Group 2.99
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/08/2020)
Communication Services 19.57
Information Technology 15.90
Financials 15.37
Health Care 12.08
Consumer Discretionary 10.07
Industrials 7.56
Consumer Staples 7.11
Materials 6.55
Utilities 3.91
Energy 1.85
Country/Geographic Exposures % OF FUND % OF FUND (As of August 31, 2020)
France 19.66
Germany 17.52
Switzerland 17.31
Italy 14.53
Netherlands 11.00
Denmark 6.27
Sweden 5.41
Spain 5.41
Austria 2.88

Documents

Document View
Henderson EuroTrust plc - Auditors statement of reason
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 - Annual Report 2011
Henderson EuroTrust plc - Factsheet
Henderson EuroTrust plc - Portfolio Disclosure
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 Report 2011
Henderson EuroTrust plc - Half Year Update
How to Invest
Henderson EuroTrust plc - Notice of Meeting 2019
Henderson EuroTrust plc - Key Information Document
Henderson EuroTrust plc - AIFMD Disclosure
Henderson EuroTrust plc - Proxy Votes 2019
Henderson EuroTrust plc - Form of Proxy 2019
Henderson EuroTrust plc - Proxy Votes 2018
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 Nominations Committee
Henderson EuroTrust plc - Terms of Reference of the Management Engagement Committee

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
What themes are helping drive Henderson EuroTrust’s performance?
September 2020

What themes are helping drive Henderson EuroTrust’s performance?

Jamie Ross, Fund Manager of Henderson EuroTrust plc, shares the themes that he is considering for the Trusts portfolio and what this has meant for the current performance of the Trust and its future outlook.

Watch Now

Fund manager August commentary – Henderson EuroTrust
September 2020

Fund manager August commentary – Henderson EuroTrust

Jamie Ross, Fund Manager for Henderson EuroTrust, delivers his monthly commentary on how the Trust performed in August, portfolio activity and his thoughts on wider economic and political developments.

Read More

Fund manager July commentary – Henderson EuroTrust
August 2020

Fund manager July commentary – Henderson EuroTrust

Jamie Ross, Fund Manager for Henderson EuroTrust, delivers his monthly commentary on how the Trust performed in July, portfolio activity and his thoughts on wider economic and political developments.

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.
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