Investment Trusts
Henderson Smaller Companies Investment Trust is an actively managed investment trust focused on smaller UK-listed companies. It seeks long-term total returns from businesses with the potential to grow into larger and more valuable companies.
Investment in a diversified portfolio of UK small and mid-sized companies across industrial, technology, consumer, financial and other sectors, using fundamental company research and selective portfolio turnover.
The UK smaller-company equity market, although many portfolio businesses generate meaningful revenues internationally.
UK small-cap valuations, stock selection, earnings growth, domestic economic recovery, interest rates, takeover activity and narrowing of the trust's discount to net asset value.
Higher volatility and lower liquidity in smaller companies, stock-selection errors, UK economic weakness, gearing, company-specific disappointments and a persistent discount to net asset value.
30 July 2026: annual results showed an 11.8% NAV total return and 12.6% share-price return for the year to May. The total dividend was increased 3.6% to 29.0p, extending the trust's record of annual dividend growth to 23 consecutive years.
Pays interim and final dividends. The 7.5p interim went ex-dividend on 12 March 2026 and was paid on 27 March. A 21.5p final dividend is proposed, ex-dividend on 1 October and payable on 23 October, taking the annual total to 29.0p.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.