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FE Trustnet Investment trusts

Factsheet

TR European Growth Trust PLC

201 Bishopsgate, London, EC2M 3AE
0845 608 8703 (Dealing)
0800 832 832 (Main Number)
www.henderson.com
support@henderson.com

*	Ollie Beckett»	01-Jul-2011 to Present
	Stephen Peak»	01-Jan-1990 to 30-Jun-2011

The Company’s objective is to achieve capital growth, aiming for a net asset value total return greater than the benchmark, which is a blend of 50% of the return of the HSBC Smaller Europe (ex UK) Index and 50% of the return of the S&P/Citigroup EMI Europe (ex UK) Index (both expressed in sterling) by investing predominantly in smaller and medium sized companies in Europe (excluding UK).

Fund vs sector
	1y	3y
Position	2 / 4	4 / 4
Quartile	2	4

FE
Crown Rating
(Quantitative)

Ratios
	1y	3y
Volatility	24.01	26.63
Alpha	-9.32	-9.10
Beta	1.29	1.23
Sharpe	1.15	-0.01
InfoRatio	-0.23	-0.85
R²	0.91	0.91
Quartiles: 1 2 3 4 vs. European Smaller Companies»

FE Risk Scores
Instrument	1y(%) Growth	FE Risk Score
TR European Growth Trust PLC	50.2	141
European Smaller Companies	48.0	101
Cash	n/a	0
Compare this fund to its peers using FE Risk Scores>>
Learn more about using FE Risk Scores>>

	1y	3y	5y	12m-24m	24m-36m	36m-48m	48m-60m
TR EUROPEAN GTH TST PLC	+50.2	+14.5	+0.1	-33.9	+15.4	+31.9	-33.7
NAV	+37.1	+23.5	+4.1	-28.9	+26.8	+31.8	-36.1
European Smaller Companies	+48.0	+43.4	+26.8	-26.0	+30.9	+31.2	-32.6

Share Price
	Share	Type	Price	Date	Prem/Disc	Diluted NAV		Gearing	Div yield
	Share	Type	Price	Date	Prem/Disc	Estim	Last pub.	Gearing	Net	Gross
	TR EUROPEAN GROWTH TRUST PLC	UNIT	419.00 (p)	17-May-2013	-15.91	498.30	497.40 16-May-2013	112	1.07	1.07

Capital structure & income
Share	Type	Exchange	Nominal value	Issued	Market value (m)	Wind-up date	Splits	News
TR EUROPEAN GROWTH TRUST PLC	UNIT	LONDON	13	49,976,000	209.40	n/a	n/a
Share identifiers: TIDM: TRG; SEDOL: 0906692; ISIN: GB0009066928

Detailed fund information
Fund type	United Kingdom-registered Investment Trusts
Launched	1990
Gross assets	£277.8m / $422.3m
Sector	European Smaller Companies
Asset Class	Equity
Own ISA wrapper
Savings plan	Minimum: £ 50.0 Monthly
Annual accounts	(Click to order)
Last report / accounts	03-Oct-2012
Last AGM	05-Nov-2012
Next AGM	November 2012
EGM	18-Aug-2010
Stockbroker(s)	Winterflood Investment Trusts
Management contract	Henderson will provide investment management, accounting, company secretarial and general management services for an annual charge of 0.5% of its total net assets. At Hendersons request, the termination period has been reduced from one year to six months. The notice period of termination can be reduced to three months if shareholders vote to wind up the Company at one of the regular continuation votes. A performance fee has been accrued on a full year effect of rewarding the Manager, under the terms of the Management Agreement, for outperformance achieved in the first six months of the respective performance fee period. The performance fee is set at 15% of the outperformance, subject to the total management fee and performance fee not exceeding 2.4% of the income inclusive net asset value of the Company as at close of business on the last day of the accounting period ending June 2006.
Borrowing limit	Borrowing must not exceed adjusted capital & reserves.
Continuation / Wind-up provision	Shareholders voted to continue as a Company at the EGM on 20/04/2005. Shareholders will next consider the continuation of the Company at the AGM of the Company to be held on 2010. The Company has the authority to buyback up to 14.99% of its issued share capital. The Board seeks to limit the discount to NAV at which the Company's shares trade at a level significantly below 6.5%. Should the average discount exceed this amount for a certain period, the Company will offer to repurchase shares or tender up to 10% of shares. At the EGM held on 02-Nov-09 the resolution to authorise the Company to buy back up to 6,447,585 Ords in connection with a tender offer was approved.
Dividend policy	n/a
Investment restrictions	n/a
Reconstruction proposal	n/a
Settlement details	n/a
Tax policy	n/a

Peer groups
Region	Asset Class	Investment Focus	Sector
Europe Ex UK	Equity	Mixed	European Smaller Companies

Largest holdings, 28-Mar-2013
Holding	(%)	Rank	Prev	Holding	(%)	Rank	Prev
BRAINLAB	2.80	1	(1)	WIRE CARD AG	1.50	6	(10)
21 CENTRALE PARTNERS	2.20	2	(2)	AAREAL BANK AG	1.40	7	(8)
INFICON HLDG AG	2.10	3	(3)	SORIN	1.40	8	(-)
EFG INTERNATIONAL	1.60	4	(4)	C&C GROUP	1.40	9	(-)
ASM INTERNATIONAL NV	1.60	5	(7)	FAIVELEY TRANSPORT	1.40	10	(9)
				Total	17.40

more history»

Regional weightings, 28-Mar-2013
Region	(%)	Rank	Prev
Germany	29.00	1	(1)
Switzerland	13.00	2	(3)
France	12.70	3	(2)
Italy	10.50	4	(4)
Others	6.30	5	(5)
Sweden	5.20	6	(7)
Netherlands	5.00	7	(8)
Norway	4.30	8	(9)
Ireland	4.10	9	(10)
Belgium	3.60	10	(11)
Spain	3.50	11	(6)
Denmark	2.80	12	-
Total	100.00

more history»

Sector weightings, 28-Mar-2013
Sector	(%)	Rank	Prev
Industrial Goods	19.80	1	(1)
Financials	16.00	2	(2)
Technology	15.10	3	(3)
Business Providers	14.60	4	(4)
Consumer Goods	13.40	5	(5)
Basic Materials	10.90	6	(6)
Retail Providers	8.00	7	(7)
Natural Resources	2.20	8	(8)
Total	100.00

more history»

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.