HOT Henderson Opportunities Trust plc

The Company aims to achieve capital growth in excess of the FTSE All-Share Index from a portfolio of primarily UK investments.

It has a strong bias towards smaller, early-stage companies that hold significant growth potential and a value-driven style that invests in out of favour or under-researched companies at attractive valuations. The portfolio typically includes between 70 and 100 stocks with managers meeting around 400 companies each year.

The incorporation date was 21st August 1985.

The fund managers are James Henderson and Laura Foll. James joined the asset management industry in 1982 and has been with Janus Henderson since 1984. James has managed the trust since 2007. Laura joined the asset management industry with Janus Henderson in 2009. Laura has co-managed the trust with James since 2018.

The trust's investment benchmark is the FTSE All-Share Index.

The Association of Investment Companies (AIC) classifies trusts into sectors as a way of grouping companies with common characteristics. The classifications are based on a combination of the trust's regional or industry focus, and its investment objective. Henderson Opportunities Trust plc is classified within the ‘UK All Companies’ sector.

As of 31st March 2022, the Trust had total assets of over £138M under management.^[1]

^[1] Source: Janus Henderson, Henderson Opportunities Trust plc Fact Sheet, 31st March 2022. Updated quarterly.

Proposed dividend payment date(s): March, June, September and December.

The trust has received an overall rating of ★★★ by Morningstar.

The management fee is 0.55%.

For general insight into the Trust please see the latest Edison commissioned research: Edison research report for Henderson Opportunities Trust.

This research gives general insight into the background of the Investment Trust, and the investment strategy with which it is run. In addition to this it outlines the Trust’s objectives and provides updates from the Fund Manager, as well as recent performance data.

The performance fee is calculated as 15% of any outperformance of the NAV over the benchmark, subject to a limit on the total management and performance fees payable in any one year of 1.5% of the average net assets (calculated quarterly) during the year. No performance fee will be paid if either the share price or net asset value is lower than their value at the preceding financial year end.