Fact sheet: Henderson Euro Trust

Fund information
Fund name
Henderson Euro Trust
Fund manager company
Henderson Global Investors Ltd
Fund type
Investment Trust
Fund manager
  • Tim Stevensonsince 01/01/1992
Accolades
 Highly Commended - Europe
Fund objective
Henderson EuroTrust plc invests predominantly in large and medium-sized companies which are perceived to be undervalued in view of their growth prospects or on account of significant changes in management or structure. The company aims to achieve a superior total return from a portfolio of high quality European investments.
Benchmark
  • FTSE World Europe EX UK
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
3.7%
1 Year rank in sector
2/8
Sector
IT Europe
Yield
2.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.98%
Fund size
£0m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
109
Mid price
893.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
984.1
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-8.11
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
105
Top in this sector
Fund name1 Year
BlackRock Gtr Eur IT7.8%
Henderson Euro Trust3.7%
Fidelity European Values PLC2.8%
JP Morgan European IT Gth2.8%
The European Inv Tr1.4%
...more in IT Europe

Performance snapshot

Holdings snapshot

  • France33.2%
    Germany23.7%
    Switzerland18%
    Netherlands7.7%
    Spain4.9%
  • Industrials23.6%
    Financials19.5%
    Health Care13.8%
    Consumer Discretionary13.3%
    Information Technology9.5%
  • French Equities33.2%
    German Equities23.7%
    Swiss Equities18%
    Dutch Equities7.7%
    Spanish Equities4.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.3%-0.5%4.5%3.7%23%104.9%
Sector-5.9%-1.6%4.8%0.8%16.8%95.9%
Rank within sector3 / 84 / 86 / 82 / 83 / 83 / 8
Quartile2nd2nd3rd1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-0.2%17.6%4.6%39.4%25.7%
Sector-2%12.1%5.8%32.7%28.6%
Rank within sector3 / 82 / 87 / 83 / 84 / 8
Quartile2nd1st4th2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.75
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.11
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.4
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
13.41
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.25
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.2
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.79
Price movement
52 week high963
52 week low775
Current bid price890
Current offer price901.5
Current mid price893.5
Region
1France33.2%
2Germany23.7%
3Switzerland18%
4Netherlands7.7%
5Spain4.9%
6Sweden4.3%
7Italy2.4%
8Ireland1.6%
9Denmark1.4%
Industry sector
1Industrials23.56%
2Financials19.45%
3Health Care13.8%
4Consumer Discretionary13.34%
5Information Technology9.49%
6Consumer Staples9.12%
7Telecommunications Utilities5.34%
8Energy3.47%
9Utilities3.27%
Asset type
1French Equities33.2%
2German Equities23.7%
3Swiss Equities18%
4Dutch Equities7.7%
5Spanish Equities4.9%
6Swedish Equities4.3%
7Italian Equities2.4%
8Irish Equities1.6%
9Danish Equities1.4%
Individual holdings
1FRESENIUS MEDICAL CARE AG & CO.KGAA3.6%
2NESTLE SA3.5%
3FRESENIUS SE & CO KGAA3.2%
4GEBERIT AG3.1%
5DEUTSCHE POST AG3%
6SAP SE2.9%
7GROUPE EUROTUNNEL SE2.6%
8INFINEON TECHNOLOGIES AG2.5%
9PARTNERS GROUP HOLDING2.5%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
Investment Trust
Fund objective
Henderson EuroTrust plc invests predominantly in large and medium-sized companies which are perceived to be undervalued in view of their growth prospects or on account of significant changes in management or structure. The company aims to achieve a superior total return from a portfolio of high quality European investments.
Benchmark
  • FTSE World Europe EX UK
Investment style
Growth
Investment method
No data available.
Fund manager
NameSinceBiography
Tim Stevenson01/01/1992Tim Stevenson is Director of European Equities in Henderson Global Investors. He joined the company in 1986 as a Fund Manager for Europe with responsibility for overseas clients. Tim worked as European Analyst at Savory Milln after graduation. Later in 1984 he teamed up with Aetna Montagu Asset Management Limited and was responsible for European Investments for ERISA clients and MIM Pension Funds. He also manages Henderson EuroTrust plc. Tim graduated from Sussex University with a BA (Hons) in Economics and European Studies.
Compliance
AIC Member, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Henderson Euro Trust
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price985.9
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJKH
Henderson Euro Trust NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price985.1
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTU59
Data provided by

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