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TRG TR European Growth Trust PLC

Providing unique access to Europe’s growing small- and medium-sized companies with the sole aim of increasing shareholder capital

ISIN
GB0009066928

Share price
850.00p
As of 17/10/2019

Estimated NAV
992.68p
As of 17/10/2019

Discount / Premium
-14.37%
As of 17/10/2019

Distribution Yield
2.59%
As of 30/09/2019

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

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 prospectus, 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
Past performance is not a guide to future performance. 
 

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

PORTFOLIO MANAGEMENT

Ollie Beckett

Ollie Beckett

Portfolio Manager

Industry since 1995. Joined Firm in 2005.

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
Net Asset Value Price
 
Quarter End
As of 30/06/2019 		Jun 2018 - Jun 2019 Jun 2017 - Jun 2018 Jun 2016 - Jun 2017 Jun 2015 - Jun 2016 Jun 2014 - Jun 2015
Net Asset Value -7.30% 1.70% 53.50% 13.50% 5.50%
Price -10.40% -3.20% 75.30% 1.00% 11.00%
© Morningstar 2019. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance
NAV Price
 
As of November 11, 2019 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV 6.41% 3.52% 15.01% 7.01% 27.09% 96.88% -
Price 7.99% 5.61% 18.64% 3.41% 30.27% 94.90% -
© Morningstar 2019. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
2019-10-23 2019-11-29 14.50
2019-03-14 2019-04-12 7.50
2018-10-25 2018-11-30 14.00
2018-03-15 2018-04-13 5.00
2017-11-02 2017-11-30 11.50
2017-11-01 2017-11-29 3.00
2016-11-03 2016-12-05 9.00
2016-11-03 2016-12-05 2.50
2015-10-22 2015-11-23 7.00
2015-10-22 2015-11-23 2.50
2014-10-16 2014-11-24 6.50
2014-10-16 2014-11-24 2.70

Portfolio

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge.Shared approach"
Related Insights
Why investors shouldn’t overlook Europe
October 2019

Why investors shouldn’t overlook Europe

In the latest episode of Trust TV, Ollie Beckett, Fund Manager of TR European Growth Trust, tackled investor questions around Europe’s economic outlook and the consequences of further quantitative easing on the continent’s equity market. Click here to watch the full interview.

Watch Now

Is Europe poised to rally as trade war calms?
September 2019

Is Europe poised to rally as trade war calms?

Ollie Beckett, Fund Manager for TR European Growth Trust, discusses the latest portfolio activity, in particular how the team has chosen to stick with a value bias. Ollie also explains how a calming of tensions between the US and China could have a positive impact on European value stocks.

Watch Now

Investors are bizarrely negative on Europe
July 2019

Investors are bizarrely negative on Europe

Ollie Beckett, fund manager of TR European Growth Trust, explains the rationale behind some of the new names in the portfolio and his process for identifying companies with good growth prospects. Ollie also discusses the “bizarrely negative” attitude towards Europe, where many companies have benefited from the Brexit saga.

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.
  • 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.
  • 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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