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
1,278.00p
As of 30/07/2021

Estimated NAV
1,381.69p
As of 30/07/2021

Discount / Premium
-7.50%
As of 30/07/2021

Yield
1.88%
As of 30/07/2021

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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 30/06/2021
Net Asset Value Price
 
Quarter End
As of 30/06/2021 		2020/2021 2019/2020 2018/2019 2017/2018 2016/2017
Net Asset Value 3.31 35.74 -14.94 29.96 8.82
Price -0.60 46.30 -11.60 37.80 -2.30
© Morningstar 2021. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance (%)
As of 30/07/2021
NAV (Net) Price (Net)
 
As of 30/07/2021 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 4.69 6.77 25.24 65.92 41.77 119.72 341.73
Price (Net) 3.06 3.40 21.79 79.38 49.97 146.66 403.17
© Morningstar 2021. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
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
11-Feb-16 04-Mar-16 4.00
17-Sep-15 09-Oct-15 10.00

Portfolio

Top Holdings (As of 30/06/2021)
% of Fund
Impax Asset Management Group 3.13
Future 3.04
Bellway 2.43
Oxford Instruments 2.18
Team17 Group 2.03
Watches of Switzerland Group 2.00
Gamma Communications 1.96
Learning Technologies Group 1.89
RWS 1.87
Mitchells & Butlers 1.83
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 30/06/2021)
Industrials 29.83
Consumer Discretionary 27.16
Financials 14.67
Technology 12.34
Health Care 4.54
Basic Materials 3.72
Real Estate 3.63
Energy 2.15
Telecommunications 1.96

Documents

Document View
The Henderson Smaller Companies Investment Trust plc - Investment Objective & Policy
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 - Factsheet
The Henderson Smaller Companies Investment Trust plc - Portfolio Disclosure
The Henderson Smaller Companies Investment Trust plc - Half Year Report 2020
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 2021
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 & Risk Committee
The Henderson Smaller Companies Investment Trust plc - Schedule of Matters Reserved for the Board
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

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Fund manager interview with interactive investor
May 2021

Fund manager interview with interactive investor

In an interview with interactive investor, The Henderson Smaller Companies Investment Trust fund manager, Neil Hermon, talks in more detail about the Trust, the investment process, recent portfolio activity and ESG.

Read More

Brexit and UK Smaller Companies
January 2021

Brexit and UK Smaller Companies

Neil Hermon, Fund Manager for Henderson Smaller Companies Investment Trust, discusses the Trusts recent performance; specifically, how the Trust has outperformed its benchmark in a very challenging year. Neil also discusses latest changes in the portfolio.

Watch Now

Investing with an embedded approach to ESG
November 2020

Investing with an embedded approach to ESG

Neil Hermon, Fund Manager of the Henderson Smaller Companies Investment Trust, explains how his approach to ESG investing is (and has always been) embedded in his investment process.

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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