For individual investors in the UK

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
808.00p
As of 30/06/2022

Estimated NAV
951.54p
As of 30/06/2022

Discount / Premium
-15.08%
As of 30/06/2022

Yield
2.94%
As of 30/06/2022

Overview

INVESTMENT OBJECTIVE

The Company aims to maximise shareholders’ total returns (capital and income) by investing in smaller companies that are quoted 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 in all but two years since Neil’s appointment in 2002
  • Disciplined management team that abides by a strict checklist to increase the likelihood of good performance
Past performance does not predict future returns. 
 

LATEST INSIGHTS

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

Source: Morningstar. Ratings updated quarterly.

PORTFOLIO MANAGEMENT

Neil Hermon

Director of UK Equities | Portfolio Manager

Industry since 1989. Joined Firm in 2002.

Indriatti van Hien, ACA, CFA

Portfolio Manager, UK Equities

Industry since 2007. Joined Firm in 2011.

Performance

Past performance does not predict future returns.
Discrete Performance (%)
As of 31/03/2022
Net Asset Value Price
 
Quarter End
As of 31/03/2022
2021/2022 2020/2021 2019/2020 2018/2019 2017/2018
Net Asset Value -3.79 71.71 -19.93 -1.15 15.46
Price -12.94 73.92 -15.39 1.51 22.84
Cumulative Performance (%)
As of 31/05/2022
NAV (Net) Price (Net)
 
As of 31/05/2022 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) -1.49 -7.13 -21.20 -17.75 19.75 29.90 255.22
Price (Net) -2.55 -10.97 -25.22 -27.01 14.97 29.51 303.20
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
10-Feb-22 07-Mar-22 7.00
26-Aug-21 11-Oct-21 16.75
11-Feb-21 09-Mar-21 7.00
27-Aug-20 12-Oct-20 16.50
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

Portfolio

Top Holdings (As of 31/05/2022)
% of Fund
Impax Asset Management Group 2.70
Oxford Instruments 2.66
Future 2.55
Bellway 2.33
OSB Group 2.27
Watches of Switzerland Group 2.11
Paragon Banking Group 2.00
Learning Technologies Group 1.87
Ultra Electronics 1.76
Synthomer 1.73
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/05/2022)

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 does not predict future returns
  • 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.
  • 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.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions.