Fact sheet: Hndrsn SmCos IT

Fund information
Fund name
Henderson Smaller Companies Investment Trust Ord
Fund manager company
Henderson Global Investors Ltd
Fund type
Investment Trust
Fund managers
  • Neil Hermonsince 01/11/2002
Accolades
 Highly Commended - UK Smaller Companies
Fund objective
To maximise shareholder total returns by investing mainly in smaller companies in the United Kingdom.
Benchmark
  • Numis Smaller Companies (ex ITs)
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
-6.4%
1 Year rank in sector
12/18
Sector
IT UK Smaller Companies
Yield
4%
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.
0.52%
Fund size
£461m
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.
124
Mid price
612
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.
725.7
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.
-14.88
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.
110
Top in this sector
Fund name1 Year
Chelverton Growth Trust plc33%
Rights & Issues IT28.8%
Invesco Perp UK Sm Cos plc6.8%
River & Merc UK Micro Cap3.3%
Dunedin Sm Cos IT PLC-0.2%
...more in IT UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK100%
  • Industrials38.9%
    Financials18.5%
    Consumer Services15.3%
    Health Care11%
    Technology8.3%
  • International Equities108%
    Money Market-8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund--1.5%1.2%-6.4%27.2%167.1%
Sector-3.1%-0.3%2.1%1.2%23.3%114%
Rank within sector8 / 1810 / 185 / 1812 / 187 / 163 / 16
Quartile2nd3rd2nd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund-9.6%27.6%-0.5%55.7%47.9%
Sector-1.3%25.3%-5.1%44.7%28.8%
Rank within sector13 / 188 / 178 / 167 / 163 / 16
Quartile3rd2nd2nd2nd1st
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.
-3.85
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.
1.35
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.
0.15
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%.
19.03
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.
11.4
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.
-0.16
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.
0.67
Price movement
52 week high699.5
52 week low522
Current bid price612
Current offer price615
Current mid price612
Region
1UK100%
Industry sector
1Industrials38.93%
2Financials18.47%
3Consumer Services15.3%
4Health Care10.97%
5Technology8.3%
6Consumer Goods6.97%
7Basic Materials4.87%
8Oil & Gas3.29%
9Telecommunications0.94%
Asset type
1International Equities108.04%
2Money Market-8.04%
Individual holdings
1BELLWAY3.2%
2NMC HEALTH PLC3.2%
3E2V TECHNOLOGIES2.9%
4MELROSE INDUSTRIES PLC2%
5PARAGON GROUP OF COMPANIES2%
6ATKINS(WS)1.9%
7INTERMEDIATE CAPITAL GROUP1.9%
8PLAYTECH PLC1.9%
9RENISHAW PLC1.9%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
Investment Trust
Fund objective
To maximise shareholder total returns by investing mainly in smaller companies in the United Kingdom.
Benchmark
  • Numis Smaller Companies (ex ITs)
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Neil Hermon01/11/2002Neil Hermon joined Henderson in 2002 as Head of UK Smaller Companies. In 2013 he became Director of UK Equities and manages the Henderson Smaller Companies strategy. Prior to joining Henderson, Neil was Head of UK Smaller Companies at General Accident (later to become CGU plc). He started his career at Ernst and Young as a Chartered Accountant. Neil graduated from Cambridge University with a BSc (Hons) in Mathematics. He is an Associate of the Institute of Chartered Accountants of Scotland (CA) and an Associate Member of the UK Society of Investment Professionals (UKSIP). Indriatti joined Henderson Global Investors in 2011. She was promoted to Deputy Fund Manager in May 2016, working alongside Neil Hermon on UK Equities. She was previously at PricewaterhouseCoopers where she qualified as a Chartered Accountant and was a Senior Associate in the Investment Management Tax Advisory team.
Compliance
AIC Member, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Henderson Smaller Companies Investment Trust 10 1/2% Deb Stk 2016
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price99
Offer price104
Mid price101.5
CurrencyGBP
Price updated28/10/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI9IZ
Henderson Smaller Companies Investment 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 price719.4
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTU62
Henderson Smaller Companies Investment Trust Ord
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 price728.2
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJLZ
Data provided by

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