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HSL The Henderson Smaller Companies Investment Trust plc

Consistent outperformer against benchmark and large-cap rivals, the Trust seeks capital growth through medium and small UK companies

ISIN
GB0009065060

Share price
655.00p
As of 27/03/2020

Estimated NAV
699.30p
As of 27/03/2020

Discount / Premium
-6.34%
As of 27/03/2020

Yield
3.66%
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

To maximise shareholder total returns by investing mainly in smaller companies in the United Kingdom.
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

  • Looks for quality growth companies but will only invest at a reasonable price
  • Outperformed the Numis Smaller Companies Index consistently since Neil’s appointment in 2002
  • Disciplined management team that abides by a strict checklist to increase the likelihood of good performance
Past performance is not a guide to future performance. 
 

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

PORTFOLIO MANAGEMENT

Neil Hermon

Neil Hermon

Director of UK Equities | Portfolio Manager

Industry since 1989. Joined Firm in 2002.

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 35.74% -14.94% 29.96% 8.82% 17.59%
Price 46.31% -11.64% 37.80% -2.31% 27.62%
© 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 -28.98% -36.34% -36.08 -20.70% -9.55% 13.65%
Price -29.87% -40.17% -39.63 -18.81% 2.29% 24.49%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
13-Feb-20 09-Mar-20 7.00
08-Aug-19 08-Oct-19 16.50
14-Feb-19 08-Mar-19 6.50
30-Aug-18 28-Sep-18 15.00
15-Feb-18 09-Mar-18 6.00
07-Sep-17 09-Oct-17 13.00
16-Feb-17 10-Mar-17 5.00
01-Sep-16 30-Sep-16 11.00
11-Feb-16 04-Mar-16 4.00
17-Sep-15 09-Oct-15 10.00
12-Feb-15 06-Mar-15 3.50
17-Sep-14 10-Oct-14 8.00

Portfolio

Top Holdings (As of 29/02/2020)
% of Fund
Intermediate Capital Group 3.73
Bellway 3.65
Paragon Banking Group 2.02
Learning Technologies Group 1.96
Clinigen Group 1.91
John Laing Group 1.88
IntegraFin 1.82
Oxford Instruments 1.80
Ultra Electronics 1.77
Team17 Group 1.76
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 29/02/2020)
Industrials 32.09
Financials 23.71
Consumer Goods 12.06
Consumer Services 10.59
Technology 7.61
Health Care 5.19
Oil & Gas 3.58
Basic Materials 3.55
Telecommunications 1.62

Documents

Document View
The Henderson Smaller Companies Investment Trust plc - Annual Report 2019
The Henderson Smaller Companies Investment Trust plc - Annual Report 2018
The Henderson Smaller Companies Investment Trust plc - Annual Report 2017
The Henderson Smaller Companies Investment Trust plc - Annual Report 2015
The Henderson Smaller Companies Investment Trust plc - Annual Report 2016
The Henderson Smaller Companies Investment Trust plc - Annual Report 2014
The Henderson Smaller Companies Investment Trust plc - Annual Report 2013
The Henderson Smaller Companies Investment Trust plc - Annual Report 2012
The Henderson Smaller Companies Investment Trust plc - Annual Report 2011
The Henderson Smaller Companies Investment Trust plc - Annual Report 2010
The Henderson Smaller Companies Investment Trust plc - Factsheet
The Henderson Smaller Companies Investment Trust plc - Portfolio Disclosure
The Henderson Smaller Companies Investment Trust plc - Half Year Report 2019
The Henderson Smaller Companies Investment Trust plc - Half Year Report 2018
The Henderson Smaller Companies Investment Trust plc - Half Year Report 2017
The Henderson Smaller Companies Investment Trust plc - Half Year Report 2016
The Henderson Smaller Companies Investment Trust plc - Half Year Report 2015
The Henderson Smaller Companies Investment Trust plc - Half Year Report 2014
The Henderson Smaller Companies Investment Trust plc - Half Year Report 2013
The Henderson Smaller Companies Investment Trust plc - Half Year Report 2012
The Henderson Smaller Companies Investment Trust plc - Half Year Update 2020
The Henderson Smaller Companies Investment Trust plc - Notice of Meeting 2019
The Henderson Smaller Companies Investment Trust plc - Key Information Document
The Henderson Smaller Companies Investment Trust plc - AIFMD Disclosure
The Henderson Smaller Companies Investment Trust plc - Proxy Votes 2019
The Henderson Smaller Companies Investment Trust plc - Proxy Form 2019
The Henderson Smaller Companies Investment Trust plc - Proxy Votes 2018
The Henderson Smaller Companies Investment Trust plc - Role of the Chairman
The Henderson Smaller Companies Investment Trust plc - Role of the Senior Independent Director
The Henderson Smaller Companies Investment Trust plc - Strategic Report
The Henderson Smaller Companies Investment Trust plc - Terms of Reference of the Nomination Committee
The Henderson Smaller Companies Investment Trust plc - Schedule of Matters Reserved for the Board
The Henderson Smaller Companies Investment Trust plc - Terms of Reference of the Audit Committee
The Henderson Smaller Companies Investment 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
Manager update on Henderson Smaller Companies
March 2020

Manager update on Henderson Smaller Companies

Neil Hermon, Fund Manager of Henderson Smaller Companies, delivers an update on how the Trust has fared in the opening months of the year.

Read More

Optimistic outlook for the UK economy
January 2020

Optimistic outlook for the UK economy

Neil Hermon, fund manager for Henderson Smaller Companies Trust, discusses the Trust’s “excellent” performance in 2019

Watch Now

UK balance sheets remain robust
September 2019

UK balance sheets remain robust

  Despite the persistent uncertainty hanging over UK companies, balance sheets look robust and lessons have been learned since the last financial crisis, says Neil Hermon, Fund Manager of Henderson Smaller Companies Investment Trust. Transcript Q: What can you tell us about your activity regarding The Henderson Smaller Companies Investment Trust portfolio over the summer

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.
  • Most 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.
  • Derivatives use exposes the trust to risks different from, and potentially greater than, the risks associated with investing directly in securities and may therefore result in additional loss, which could be significantly greater than the cost of the derivative.
  • 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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