For individual investors in the UK

HOT Henderson Opportunities Trust plc

An outright capital growth trust with a contrarian management style that has flexibility to invest across the spectrum of UK equities

ISIN
GB0008536574

Share price
1,332.50p
As of 25/02/2021

Estimated NAV
1,491.52p
As of 25/02/2021

Discount / Premium
-10.66%
As of 25/02/2021

Yield
2.03%
As of 25/02/2021

Buy via interactive investor Buy via AJ Bell Youinvest

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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

2021 Annual General Meeting

The Annual General Meeting (‘AGM’) of Henderson Opportunities Trust plc (the ‘Company’) is scheduled to take place at 2.30pm on Thursday 11 March 2021.

Due to the ongoing restrictions on large gatherings, shareholders will be unable to attend the Annual General Meeting on 11 March 2021 in person and it will be held as a “closed meeting”.

The statutory business of the 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 ahead of the proxy voting deadline of 2.30pm on 9 March 2021 to ensure their vote counts. Please see the Notice of 2021 AGM and proxy form for further information.  Shareholders holding shares on share dealing platforms should contact their platform directly to vote their shares.

A presentation from our Fund Managers, James Henderson and Laura Foll, providing their review of the year and thoughts on the future will be available to view on the website. 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, answers to shareholder questions will be provided on the website shortly after the AGM has been held.

The Board commits to holding physical meetings in future when restrictions are not in place and these can be held safely; however in case of any further extraordinary crises such as the COVID-19 lockdown, the Company is putting a proposed amendment to the Company’s articles of association to shareholders to enable a combination of virtual and physical shareholder meetings to be held in the future.

INVESTMENT OBJECTIVE

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

  • Strong bias towards smaller, early stage companies that hold significant growth potential
  • Value-driven style that invests in out of favour or under-researched companies at attractive valuations
  • Portfolio typically includes between 70 and 100 stocks with managers meeting around 400 companies each year
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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

James Henderson

James Henderson

Director of UK Investment Trusts | Portfolio Manager

Industry since 1982. Joined Firm in 1984.

Laura Foll, CFA

Laura Foll, CFA

Portfolio Manager

Industry since 2009. Joined Firm in 2009.

Performance

Past performance is not a guide to future performance.
Discrete Performance (%)
As of 31/12/2020
Net Asset Value Price
 
Quarter End
As of 31/12/2020 		2019/2020 2018/2019 2017/2018 2016/2017 2015/2016
Net Asset Value 14.05 18.02 -14.14 24.75 11.07
Price 16.80 23.80 -12.80 32.70 -5.60
© Morningstar 2021. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance (%)
As of 25/02/2021
NAV (Net) Price (Net)
 
As of 25/02/2021 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 3.82 25.21 7.39 28.76 28.23 79.72 193.15
Price (Net) 3.07 27.01 7.63 35.77 41.84 93.26 219.07
© Morningstar 2021. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
18-Feb-21 26-Mar-21 7.50
19-Nov-20 18-Dec-20 6.50
20-Aug-20 25-Sep-20 6.50
21-May-20 26-Jun-20 6.50
20-Feb-20 27-Mar-20 19.00
15-Aug-19 20-Sep-19 7.00
14-Feb-19 22-Mar-19 14.50
16-Aug-18 21-Sep-18 6.50
15-Feb-18 23-Mar-18 14.00
17-Aug-17 22-Sep-17 6.00
16-Feb-17 24-Mar-17 13.50
18-Aug-16 23-Sep-16 5.50

Portfolio

Top Holdings (As of 31/01/2021)
% of Fund
Blue Prism Group 3.32
Ilika 3.27
SigmaRoc 3.17
Springfield Properties 3.09
Boku 2.87
Ceres Power 2.65
Serica Energy 2.55
Oxford Instruments 2.39
Rio Tinto 2.24
Next Fifteen Communications Group 2.23
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/01/2021)
Industrials 20.88
Financials 19.11
Technology 14.54
Oil & Gas 13.55
Consumer Services 11.82
Basic Materials 6.70
Consumer Goods 5.12
Health Care 4.23
Utilities 2.86
Telecommunications 1.20

Documents

Document View
Henderson Opportunities Trust plc - Schedule of Matters Reserved for the Board
Henderson Opportunities Trust plc - Annual Report 2020
Henderson Opportunities Trust plc - Annual Report 2019
Henderson Opportunities Trust plc - Annual Report 2018
Henderson Opportunities Trust plc - Annual Report 2017
Henderson Opportunities Trust plc - Annual Report 2016
Henderson Opportunities Trust plc - Annual Report 2015
Henderson Opportunities Trust plc - Annual Report 2014
Henderson Opportunities Trust plc - Annual Report 2013
Henderson Opportunities Trust plc - Annual Report 2012
Henderson Opportunities Trust plc - Annual Report 2011
Henderson Opportunities Trust plc - Factsheet
Henderson Opportunities Trust plc - Portfolio Disclosure
Henderson Opportunities Trust plc - Half Year Report 2020
Henderson Opportunities Trust plc - Half Year Report 2019
Henderson Opportunities Trust plc - Half Year Report 2018
Henderson Opportunities Trust plc - Half Year Report 2017
Henderson Opportunities Trust plc - Half Year Report 2016
Henderson Opportunities Trust plc - Half Year Report 2015
Henderson Opportunities Trust plc - Half Year Report 2014
Henderson Opportunities Trust plc - Half Year Report 2013
Henderson Opportunities Trust plc - Half Year Report 2012
Henderson Opportunities Trust plc - Half Year Report 2011
Henderson Opportunities Trust plc - Half Year Update
Henderson Opportunities Trust plc - Notice of Meeting 2021
Henderson Opportunities Trust plc - Key Information Document
Henderson Opportunities Trust plc - AIFMD Disclosure
Henderson Opportunities Trust plc - Proposed Articles of Association 2021
Henderson Opportunities Trust plc - Prospectus for Subscription Offer
Henderson Opportunities Trust plc - Form of Proxy 2021
Henderson Opportunities Trust plc - Proxy Votes 2020
Henderson Opportunities Trust plc - Proxy Votes 2019
Henderson Opportunities Trust plc - Role of the Chairman
Henderson Opportunities Trust plc - Terms of Reference of the Audit and Risk Committee
Henderson Opportunities Trust plc - Terms of Reference of the Nominations Committee
Henderson Opportunities Trust 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
Deliberately different
February 2021

Deliberately different

Laura Foll, Co-Fund Manager for Henderson Opportunities Trust, discusses the Trusts recent performance and portfolio activity, highlighting the stock specific drivers behind the Trust outperforming its benchmark in the final quarter of 2020.

Watch Now

Edison research – Henderson Opportunities Trust
February 2021

Edison research – Henderson Opportunities Trust

We would like to draw your attention to the following commissioned research piece.

Read More

Are smaller companies delivering the best returns?
November 2020

Are smaller companies delivering the best returns?

James Henderson, co-fund manager of Henderson Opportunities Trust, provides an update on the Trusts performance and the latest portfolio activity since the Covid related market downturn. James also offers his thoughts on old and new economy stocks and which companies are delivering the best returns as the market recovers.

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.
  • Some of the investments in this portfolio are in smaller companies shares. They may be more difficult to buy and sell and their share price may fluctuate more than that of larger companies.
  • 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 25p 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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