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
828.00p
As of 27/10/2020

Estimated NAV
909.00p
As of 27/10/2020

Discount / Premium
-8.91%
As of 27/10/2020

Yield
2.90%
As of 27/10/2020

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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

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 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
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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

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.
Discrete Performance (%)
As of 30/09/2020
Net Asset Value Price (ORD) (ORD)
 
Quarter End
As of 30/09/2020 		2019/2020 2018/2019 2017/2018 2016/2017 2015/2016
Net Asset Value 19.14% 5.54% 10.31% 7.30% -7.66%
Price 12.20% 2.90% 14.20% 9.10% -6.20%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance (%)
As of 27/10/2020
Net Asset Value Price
 
As of 27/10/2020 1MO 3MO YTD 1YR 3YR 5YR 10YR
Net Asset Value 5.10% 7.95% -15.40% -1.29% -0.08% 42.70% 233.51%
Price 12.50% 13.92% -22.08% -3.64% 7.49% 42.37% 281.43%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
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
11-Feb-16 04-Mar-16 4.00
17-Sep-15 09-Oct-15 10.00
12-Feb-15 06-Mar-15 3.50

Portfolio

Top Holdings (As of 30/09/2020)
% of Fund
Team17 Group 2.80
Bellway 2.65
Renishaw 2.46
Gamma Communications 2.38
Oxford Instruments 2.23
Clinigen Group 2.19
Avon Rubber 2.18
Impax Asset Management Group 2.09
Ultra Electronics 2.05
Learning Technologies Group 2.03
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 30/09/2020)
Industrials 35.44
Financials 18.04
Consumer Goods 12.64
Consumer Services 11.82
Technology 8.31
Health Care 5.71
Basic Materials 3.20
Oil & Gas 2.46
Telecommunications 2.38

Documents

Document View
The Henderson Smaller Companies Investment Trust plc - Annual Report 2020
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 2016
The Henderson Smaller Companies Investment Trust plc - Annual Report 2015
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 - 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
How to Invest
The Henderson Smaller Companies Investment Trust plc - Notice of Meeting 2020
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 - Articles of Association
The Henderson Smaller Companies Investment Trust plc - Proxy Votes 2020
The Henderson Smaller Companies Investment Trust plc - Proxy Form 2020
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 - Terms of Reference of the Audit Committee
The Henderson Smaller Companies Investment Trust plc - Role of Senior Independent Director
The Henderson Smaller Companies Investment Trust plc - Role of the Chairman
The Henderson Smaller Companies Investment Trust plc - Terms of Reference of the Management Engagement Committee
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

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
The Henderson Smaller Companies Investment Trust Fund Manager presentation
October 2020

The Henderson Smaller Companies Investment Trust Fund Manager presentation

Watch Neil Hermon, Fund Manager for Henderson Smaller Companies Investment Trust, present on how the Trust has performed over the last financial year and his outlook for the coming months.

Watch Now

The Importance of Dividends to Total Returns
September 2020

The Importance of Dividends to Total Returns

For those seeking long-term, inflation beating returns, stock market investment represents one of the most accessible and compelling avenues. Dividend investing is not new but has fallen out of favour despite their historically significant role in total returns.

Read More

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

  • ​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.
  • 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.
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