For financial professionals in the UK

HDIV Henderson Diversified Income Trust plc

A Company with a thematic investing approach to long-term fixed income assets, to provide an income stream for shareholders

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ISIN
GB00BF03YC36

Share price
63.70p
As of 28/09/2023

Estimated NAV
69.40p
As of 28/09/2023

Discount / Premium
-8.21%
As of 28/09/2023

Yield
6.91%
As of 28/09/2023

Overview

From 25 February 2022, the Company’s Investment objective and policy changed, and from 16 September 2021, the Company's reference benchmark changed. Past performance shown before this change was therefore achieved under circumstances that no longer apply.

INVESTMENT OBJECTIVE

The Company’s investment objective is to provide shareholders with a high level of income and preservation of capital, through the economic cycle.

The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Potential investors must read the latest annual report and where relevant, the key investor information document before investing. This website is for promotional purposes and does not qualify as an investment recommendation.

Annual General Meeting 2023

Please click here to register for the Henderson Diversified Income Trust plc Annual General Meeting, to be held at 2.30 p.m. on Monday 9 October 2023 at the offices of Janus Henderson Investors, 201 Bishopsgate, London EC2M 3AE.

You can submit your questions in advance by emailing itsecretariat@janushenderson.com.

Any change to the format of the AGM will be communicated to shareholders via a Regulatory Information Service announcement and reported here on the Company’s website. For further information, please see the Notice of AGM and Proxy Form.

ABOUT THIS COMPANY

  • A fixed income specialist with the ability to move freely between bonds and loans
  • Has an experienced and specialised management team with a deep understanding of global fixed income markets
  • Typically invests in large, high quality companies in industries with high barriers to entry
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Past performance does not predict future returns. 
 

Knowledge Shared

Knowledge Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions. We call this ethos Knowledge Shared.

View Our Investment Trust Insights

ANNOUNCEMENTS

View the latest announcements for this Company:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

Source: Morningstar. Ratings updated quarterly.

PORTFOLIO MANAGEMENT

John Pattullo

John Pattullo

Co-Head of Global Bonds | Portfolio Manager

Industry since 1993. Joined Firm in 1997.

Jenna Barnard, CFA

Jenna Barnard, CFA

Co-Head of Global Bonds | Portfolio Manager

Industry since 2001. Joined Firm in 2002.

Nicholas Ware

Nicholas Ware

Portfolio Manager

Industry since 1998. Joined Firm in 2009.

Performance

Past performance does not predict future returns.
Discrete Performance (%)
As of 30/06/2023
Net Asset Value Price
 
Quarter End
As of 30/06/2023 		2022/2023 2021/2022 2020/2021 2019/2020 2018/2019
Net Asset Value 2.26 -17.42 10.61 4.60 9.20
Price 0.05 -18.71 7.24 -6.09 14.03
© Morningstar 2023. All rights reserved. The Price and Net Asset Value are total returns. YTD returns are calendar year.
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Cumulative Performance (%)
As of 31/08/2023
NAV (Net) Price (Net)
 
As of 31/08/2023 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 0.01 1.10 3.19 1.90 -9.47 6.19 41.41
Price (Net) 1.10 -3.04 -5.20 -3.51 -13.38 -3.73 27.67
© Morningstar 2023. All rights reserved. The Price and Net Asset Value total returns.
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
31-Aug-23 29-Sep-23 1.10
01-Jun-23 30-Jun-23 1.10
02-Mar-23 31-Mar-23 1.10
01-Dec-22 30-Dec-22 1.10
08-Sep-22 30-Sep-22 1.10
01-Jun-22 30-Jun-22 1.10
03-Mar-22 31-Mar-22 1.10
02-Dec-21 31-Dec-21 1.10
02-Sep-21 30-Sep-21 1.10
03-Jun-21 30-Jun-21 1.10
04-Mar-21 31-Mar-21 1.10
03-Dec-20 31-Dec-20 1.10

Portfolio

Top Holdings (As of 31/08/2023)
% of Fund
Nationwide Building Society 2.02
Service Corp International 4.625% 2027 1.79
ING Groep 3.00% 2026 1.73
Deutsche Bank 2.625% 2024 1.71
Bank of America 7.00% 2028 1.39
Tilney 12/18 GBP Term B 12/25 1.35
Whitbread Group 3.375% 2025 1.30
AT&T 4.375% 2029 1.27
Virgin Media Secured Finance 4.125% 2030 1.18
Antiss Tl B2 1l EUR 11/28 1.16
View full holdings
References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.
Sector Allocation % OF FUND % OF FUND (As of 31/08/2023)
Country/Geographic Exposures % OF FUND % OF FUND (As of August 31, 2023)

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Steady and predictable income – The Henderson Diversified Income way
1 Jun 2023
Investment Insights

Steady and predictable income – The Henderson Diversified Income way

A reliable approach to income Over the past year, bond yields have risen significantly, lifting fixed income return expectations to their most attractive point in well over a decade. Some non-investment grade bonds are yielding north of 8.0% – a rate that seems compelling following years of lacklustre bond returns. As such, some investors have

Read More

High quality bonds are primed to bloom in 2023
19 Dec 2022
Investment Insights

High quality bonds are primed to bloom in 2023

The titan arum only flowers occasionally, but when it does, the results are impressive; high quality bonds could be set for a similar display in 2023.

7 min read

Henderson Diversified Income Trust – Q3 Commentary 2022
25 Oct 2022
Investment Insights

Henderson Diversified Income Trust – Q3 Commentary 2022

John Pattullo, Jenna Barnard and Nicholas Ware, Portfolio Managers of Henderson Diversified Income Trust, provide an update on the Company, highlighting factors currently impacting fixed income markets, the key drivers of performance, and recent portfolio activity.

9 min read

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • If a Company's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio that is diversified across more countries.
  • Higher yielding bonds are issued by companies that may have greater difficulty in repaying their financial obligations. High yield bonds are not traded as frequently as government bonds and therefore may be more difficult to trade in distressed markets.
  • This Company is suitable to be used as one component of several within a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested in this Company.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times.
  • The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Company.
  • The return on your investment is directly related to the prevailing market price of the Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result, losses (or gains) may be higher or lower than those of the Company's assets.
  • The Company may use gearing (borrowing to invest) as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incurred by the Company can be greater than those of a Company that does not use gearing.
  • All or part of the Company's management fee is taken from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time.
  • The Board notes the proposed changes to the FCA rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which will come into effect on 1 January 2014.
  • Following the receipt of legal advice, The Board confirms that it conducts its affairs, and intends to continue to conduct its affairs, so that the Company's ordinary shares can be recommended by IFA’s to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The shares are excluded from the FCA’s restrictions which apply to non-mainstream products as the company’s portfolio is wholly or predominantly made up of shares, debentures or government and public securities which are not themselves issued by other investment funds.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions.
  • Some documents are available in alternative formats. Click here for information on how to request them.