Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.
The Company seeks capital growth by investing in smaller and medium sized companies which are quoted, domiciled, listed or have operations in Europe (excluding the UK).
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
Invests mainly in Western Europe, excluding the UK, typically with a long list of more than 120 companies
Holds companies with an average market cap of around £1bn and rarely above £3bn
Leverages Janus Henderson’s European equity expertise to find quality growth companies
What is TR European Growth Trust's investment objective?
TR European Growth Trust PLC seeks capital growth by investing in smaller and medium sized companies which are quoted, domiciled, listed or have operations in Europe (excluding the UK). The Trust Invests mainly in Western Europe typically more than 120 companies with an average market cap of around £1bn and rarely above £3bn. The trust leverages Janus Henderson’s European equity expertise to find quality growth companies.
When was TR European Growth Trust incorporated?
The incorporation date was 10th July 1990.
Who is the fund manager of TR European Growth Trust?
The fund manager is Ollie Beckett. He joined the asset management industry in 1995 and has been with Janus Henderson since 1998. Ollie has managed the trust since 2011.
What is TR European Growth Trust's benchmark?
The trust's investment benchmark is the Euromoney Smaller European Companies.
What is TR European Growth Trust's sector?
The Association of Investment Companies (AIC) classifies trusts into sectors as a way of grouping companies with common characteristics. The classifications are based on a combination of the trust's regional or industry focus, and its investment objective. TR European Growth Trust is classified within the ‘European Smaller Companies' sector.
How big is TR European Growth Trust?
As of 31st December 2020, the trust had total assets of over £762M under management.
 Source: Janus Henderson, TR European Growth Trust plc Fact Sheet, 31st December 2020
When does TR European Growth Trust make dividend payments?
Proposed dividend payment date(s): April and November.
Has TR European Growth Trust been independently rated by a third party?
The trust has received an overall rating of ★★ by Morningstar. 
Ollie Beckett, Fund Manager of TR European Growth Trust, delivers an update on the Trust and how the portfolio is positioned considering the Brexit deal. Ollie also discusses why he believes valuation and European smaller companies may benefit from a pickup in economic growth in the new year.
European equities have been largely unloved by investors for some time, Ollie Beckett, Fund Manager of TR European Growth Trust, explains why you shouldn’t be so quick to dismiss the region’s smaller companies sector.
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.
Where the trust invests in assets which are denominated in currencies other than the base currency then currency exchange rate movements may cause the value of investments to fall as well as rise.
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.
If the trust seeks to reduce risks (such as exchange rate movements), the measures designed to do so may be ineffective, unavailable or detrimental.
The Company confirms that it currently conducts its affairs so that its ordinary shares of 12.5p 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.