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Contact details

ManagerGroupLogo
201 Bishopsgate, London, EC2M 3AE
0845 608 8703 (Dealing)
0800 832 832 (Main Number)

Support@henderson.com

Fund managers

* Neil Hermon»01-Nov-2002 to Present
John Alexander»01-Jan-1987 to 01-Nov-2002


Investment objectives

The objective of TheHenderson Smaller Companies Investment Trust plc is to maximise shareholders' total returns by investing in smaller companies that are quoted in the United Kingdom.

Key Information

Fund vs sector

  1y 3y
Position 5 / 16 3 / 16
Quartile 2 1

Fund ratings

FE Crown Rating: 3 FE
Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 20.73 20.04
Alpha 10.66 1.41
Beta 2.06 1.50
Sharpe 0.21 1.40
InfoRatio 0.61 0.80
R2 0.72 0.70
Quartiles:   1  2   3  4   help with ratios
vs. UK Smaller Companies»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+2.9 +129.5 +230.2 +45.9 +52.8 -10.7 +61.1
  NAV +1.8+104.1+168.3+39.7 +43.5-10.1+46.2
  UK Smaller Companies -4.0+76.4+111.1+42.1+29.3-6.6+28.1
Share Price
 SharePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf HENDERSON SMALLER COMPANIES INVESTMENT TRUST ORD 539.50 (p) 19-Dec-2014 -13.52 622.14 615.90
18-Dec-2014
109 2.04 2.04
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
HENDERSON SMALLER COMPANIES INVESTMENT TRUST ORD UNIT LONDON 25 74,702,000 401.90 n/a n/a company announcements
Share identifiers: TIDM: HSL; SEDOL: 0906506; ISIN: GB0009065060
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Launched1955
Gross assets£507.1m / $791.8m
Sector UK Smaller Companies
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly
Annual accountsannual (Click to order)
Last report / accounts08-Sep-2014
Last AGM03-Oct-2014
Next AGMOctober 2013
EGMn/a
Stockbroker(s)Collins Stewart
Management contractThe management agreement provides for the percentage rates to be reviewed every three years. The base management fee is 0.0875% per quarter, calculated quarterly in advance on the value of the assets under management. The notice period under the management agreement remains at 12 months. The performance fee is calculated as 15% of any outperformance of the benchmark, on a total return basis, over the Company's accounting year, subject to a limit on the total management fees payable in any one year of 1.0% of the average value of the net assets of the Company during the year (calculated monthly) and an absolute limit to the performance fee of GBP2 million in any one year. No performance fee will be payable if the net asset value per share on the last day of the Company's year, calculated, in accordance with the Company's accounting policies, net of costs (including any performance fee) is equal to or lower than the NAV per share as at the preceding year end. Any underperformance relative to the benchmark, or any unrewarded outperformance will be carried forward and set against any outperformance or underperformance respectively in subsequent years. No performance fee is payable for the year ended 2008 because, despite outperformance of the benchmark index, the Company's share price and NAV per share were lower than at the end of the preceding year.
Borrowing limitn/a
Continuation / Wind-up provisionAt the AGM held on 28-Sep-07, Shareholders voted that the Company will continue as an investment trust. The next vote will be at the AGM in 2010. At the AGM on 02-Oct-09 the Company renewed its authority to repurchase up to 14.99% of its own issued share capital.
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK Smaller Companies
Largest holdings, 31-Oct-2014
Holding (%) Rank Holding (%) Rank
BELLWAY3.201E2V TECHNOLOGIES2.206
TAYLOR WIMPEY PLC2.802ATKINS(WS)2.207
INTERSERVE2.503INFORMA PLC2.108
PARAGON GROUP OF COMPANIES2.304SENIOR PLC2.009
AA PLC2.305HOWDEN JOINERY GROUP PLC2.0010
 Total23.60 
Regional weightings, 31-Oct-2014
Region (%) Rank  
UK 105.66 1 105.66% UK
Money Market -5.66 2 -5.66% Money Market
Total100.00 
Sector weightings, 31-Oct-2014
Sector (%) Rank  
Industrials 36.50 1 36.50% Industrials
Consumer Services 22.38 2 22.38% Consumer Services
Financials 16.64 3 16.64% Financials
Technology 9.94 4 9.94% Technology
Consumer Goods 7.43 5 7.43% Consumer Goods
Health Care 6.68 6 6.68% Health Care
Oil & Gas 3.24 7 3.24% Oil & Gas
Basic Materials 2.85 8 2.85% Basic Materials
Money Market -5.66 9 -5.66% Money Market
Total100.00 


All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

 
 
 
 
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Asset allocation

UK Equities, 105.66%
105.6600% ofUK Equities
Money Market, -5.66%
-5.6600% ofMoney Market

Sector analysis

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