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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
563.00p
As of 26/03/2020

Estimated NAV
831.11p
As of 26/03/2020

Discount / Premium
-32.26%
As of 26/03/2020

Yield
4.53%
As of 26/03/2020

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 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
Past performance is not a guide to future performance. 
 

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

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. 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 18.02% -14.14% 24.75% 11.07% 4.93%
Price 23.83% -12.84% 32.71% -5.56% 13.70%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance (%)
As of 26/03/2020
Net Asset Value Price
 
As of 26/03/2020 1MO 3MO YTD 1YR 3YR 5YR
Net Asset Value -32.05% -35.06% -35.36 -27.21% -20.81% -11.87%
Price -42.78% -46.46% -48.39 -39.47% -36.92% -29.76%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
21-May-20 20-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
11-Feb-16 24-Mar-16 13.00
20-Aug-15 25-Sep-15 5.00
19-Feb-15 31-Mar-15 8.80

Portfolio

Top Holdings (As of 29/02/2020)
% of Fund
Blue Prism Group 3.85
Tracsis 3.76
RWS 3.47
Learning Technologies Group 3.31
Springfield Properties 3.06
Ceres Power 2.93
Oxford Instruments 2.53
SigmaRoc 2.46
Serica Energy 2.37
Assura 2.26
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 29/02/2020)
Industrials 25.83
Financials 20.94
Technology 19.35
Consumer Services 9.60
Oil & Gas 7.88
Basic Materials 5.65
Health Care 4.82
Consumer Goods 4.55
Telecommunications 1.15
Utilities 0.23

Documents

Document View
Henderson Opportunities Trust plc - Schedule of Matters Reserved for the Board
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 - Annual Report 2010
Henderson Opportunities Trust plc - Annual Report 2009
Henderson Opportunities Trust plc - Factsheet
Henderson Opportunities Trust plc - Portfolio Disclosure
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 Report 2010
Henderson Opportunities Trust plc - Half Year Update
Henderson Opportunities Trust plc - Notice of Meeting 2020
Henderson Opportunities Trust plc - Key Information Document
Henderson Opportunities Trust plc - AIFMD Disclosure
Henderson Opportunities Trust plc - Prospectus for Subscription Offer
Henderson Opportunities Trust plc - Proxy Votes 2020
Henderson Opportunities Trust plc - Proxy Form 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 Management Engagement Committee
Henderson Opportunities Trust plc - Terms of Reference of the Nominations Committee
Henderson Opportunities Trust plc - Terms of Reference of the Audit Committee

Related Insights

Our intellectual capital is readily available and central to our Knowledge.Shared approach"
Related Insights
Why liquidity doesn’t trouble Investment Trusts
January 2020

Why liquidity doesn’t trouble Investment Trusts

James Henderson, co-fund manager for Henderson Opportunity Trust, discusses the Trust’s latest portfolio activity and the discusses the benefits of a closed-end structure.

Watch Now

Is there a liquidity problem in UK small cap?
January 2020

Is there a liquidity problem in UK small cap?

The smaller company investor faces a new problem following the fall out over Woodford’s funds; this is the focus on liquidity. How long would it take to liquidate a position at the quoted price? This is the question portfolio managers are being asked by their risk departments and business managers. The usual answer is to

5 min read

Unloved and undervalued? Yes please!
October 2019

Unloved and undervalued? Yes please!

Laura Foll, Co-Fund Manager of Henderson Opportunities Trust, explains why smaller UK companies have performed poorly compared to broader markets and how this has affected the Trusts performance. Laura also discusses the latest key buys and sells within the Trusts portfolio and why the Trust is well positioned to take full advantage of value opportunities amongst unloved and undervalued UK domestic companies.

Watch Now

  • ​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.
  • 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.
  • 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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