money-2724241

Henderson Opportunities Trust

LN: HOT

£83.3m market cap

1055p last close

Henderson Opportunities Trust aims to achieve capital growth in excess of the broad UK stock market from a portfolio of UK investments. Stock selection is not constrained by the benchmark and there are no limits by sector or market capitalisation; therefore, the portfolio will differ materially from the index.

Investment summary

Henderson Opportunities Trust (HOT) invests in UK stocks across the market cap spectrum. Managed by James Henderson and Laura Foll (who also co-manage Lowland Investment Company and the Law Debenture Corporation), HOT has an unconstrained portfolio that differs markedly from peers and the team’s other funds, with c 70% invested outside the FTSE 350 index, and c 55% in AIM stocks. HOT seeks capital growth but also offers a growing dividend (current yield of 2.4%), paid quarterly from FY20. The managers see the trust as one that will sit beside a mainstream fund in a portfolio and bring diversity to the combined list of holdings, not for the sake of it but for real capital appreciation. While HOT’s long-term performance record is strong, its returns in FY19 suffered as lowly valued UK small-caps (particularly those listed on AIM) have been out of favour.

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Share price graph
Price performance
%
1m
3m
12m
Actual 19.8 21.7 7.4
Relative* 9.9 13.6 21.6
52-week high/low 1110.0p/532.0p
*% relative to local index
Key management
Melanie Stoner Company secretary

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