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
1,320.00p
As of 19/10/2020

Estimated NAV
1,472.68p
As of 19/10/2020

Discount / Premium
-10.37%
As of 19/10/2020

Yield
1.89%
As of 19/10/2020


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

2020 Annual General Meeting

The Annual General Meeting (‘AGM’) of Henderson EuroTrust plc (the ‘Company’) is currently scheduled to take place at 2.30pm on Wednesday 18 November 2020.

In view of the ongoing restrictions on public gatherings, and in order to make the AGM as safe and accessible as possible, shareholders are invited to attend the 2020 AGM via webinar.  This will allow shareholders to be present for the usual presentation from the Fund Manager, Jamie Ross, and will enable shareholders to ask questions and engage with the Fund Manager and Board.

As there can be no live voting, the statutory business of the 2020 AGM will be conducted on a poll, counting the Directors in the quorum, and the Chairman will hold the proxy votes.  Shareholders are strongly encouraged to submit their proxy forms to ensure their vote counts.  To be valid proxies must be received by the Company’s Registrars before 2.30pm on 16 November 2020.  Please see the Notice of 2020 AGM and proxy form for further information.

To attend the AGM, please register in advance here.  You will receive an invitation to the webinar once you have registered.

If shareholders would like to submit any questions in advance of the AGM, they are welcome to send these to the corporate secretary at itsecretariat@janushenderson.com.

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. 
 

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.

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

PORTFOLIO MANAGEMENT

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 30/09/2020
Net Asset Value Price (ORD) (ORD)
 
Quarter End
As of 30/09/2020
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%
Cumulative Performance (%)
As of 19/10/2020
Net Asset Value Price
 
As of 19/10/2020 1MO 3MO YTD 1YR 3YR 5YR 10YR
Net Asset Value 0.17% -0.58% 12.77% 18.53% 27.24% 90.75% 206.11%
Price 4.76% 2.52% 12.23% 18.22% 19.36% 68.92% 217.32%
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
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
15-Oct-15 23-Nov-15 13.00
02-Apr-15 24-Apr-15 5.50

Portfolio

Top Holdings (As of 30/09/2020)
% of Fund
Roche 5.33
Telecom Italia 4.95
Koninklijke DSM 4.41
Novo Nordisk 4.29
Vivendi 4.08
Cellnex Telecom 3.75
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 3.69
Nestl 3.29
Delivery Hero 3.21
Prosus 3.11
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 30/09/2020)
Communication Services 17.78
Information Technology 16.97
Financials 14.71
Health Care 13.06
Consumer Discretionary 11.07
Materials 7.01
Industrials 6.76
Consumer Staples 6.28
Utilities 4.67
Energy 1.69
Country/Geographic Exposures % OF FUND % OF FUND (As of September 30, 2020)
France 19.64
Germany 18.49
Switzerland 16.38
Italy 14.16
Netherlands 10.91
Denmark 6.97
Spain 5.63
Sweden 4.81
Austria 3.00

Documents

Document View
  • ​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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