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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
994.00p
As of 27/03/2020

Estimated NAV
1,124.15p
As of 27/03/2020

Discount / Premium
-11.58%
As of 27/03/2020

Yield
3.07%
As of 27/03/2020

Buy via interactive investor Buy via AJ Bell Youinvest

Quicklinks

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
Past performance is not a guide to future performance. 
 

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

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 31/12/2019
Net Asset Value Price
 
Quarter End
As of 31/12/2019 		Dec-2018 - Dec-2019 Dec-2017 - Dec-2018 Dec-2016 - Dec-2017 Dec-2015 - Dec-2016 Dec-2014 - Dec-2015
Net Asset Value 25.17% -8.60% 17.72% 20.54% 12.95%
Price 23.92% -16.45% 30.18% 6.09% 17.58%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance (%)
As of 27/03/2020
Net Asset Value Price
 
As of 27/03/2020 1MO 3MO YTD 1YR 3YR 5YR
Net Asset Value -12.96% -15.53% -14.21 0.13% 10.35% 39.19%
Price -14.68% -16.47% -16.12 -2.92% 3.37% 23.71%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
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
02-Apr-14 25-Apr-14 5.00

Portfolio

Top Holdings (As of 29/02/2020)
% of Fund
Roche 4.82
Novo Nordisk 4.46
Koninklijke DSM 4.39
Nestl 4.28
Telecom Italia 4.00
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 3.68
Vivendi 3.16
Cellnex Telecom 2.86
TOTAL 2.78
Partners Group 2.54
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 29/02/2020)
Financials 18.23
Industrials 14.16
Information Technology 13.86
Communication Services 13.58
Health Care 12.99
Consumer Discretionary 8.97
Materials 7.32
Consumer Staples 4.28
Utilities 3.84
Energy 2.78
Country/Geographic Exposures % OF FUND % OF FUND (As of February 29, 2020)
France 29.73
Germany 19.64
Switzerland 16.42
Netherlands 10.88
Italy 8.22
Denmark 6.22
Spain 4.62
Sweden 2.33
Austria 1.94

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 - Annual Report 2010
Henderson EuroTrust plc - Factsheet
Henderson EuroTrust plc - Portfolio Disclosure
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
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 - Role of the Chairman
Henderson EuroTrust plc - Strategic Report 2019
Henderson EuroTrust plc - Terms of Reference of the Management Engagement Committee
Henderson EuroTrust plc - Schedule of Matters Reserved for the Board
Henderson EuroTrust plc - Terms of Reference of the Audit Committee
Henderson EuroTrust plc - Terms of Reference of the Nominations Committee

Related Insights

Our intellectual capital is readily available and central to our Knowledge.Shared approach"
Related Insights
Maintaining focus and seizing opportunity
March 2020

Maintaining focus and seizing opportunity

Henderson EuroTrust’s Jamie Ross explains his activity during the opening weeks of the year and how recent market turbulence has presented investment opportunities in Europe.

Watch Now

Fund manager February commentary – Henderson EuroTrust
March 2020

Fund manager February commentary – Henderson EuroTrust

Fund manager February commentary – Henderson EuroTrust

Read More

Anatomy of a good company: DSM
March 2020

Anatomy of a good company: DSM

Jamie Ross, Fund Manager 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 the Dutch chemicals and ingredients company DSM.

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.
  • ​You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
  • ​If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.
  • 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.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty. View the portfolio transaction costs across the Henderson UK Fund range.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved, you may wish to consult a financial adviser.

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