HFEL Henderson Far East Income Limited

An income-focused Trust that invests across Asia Pacific with the target of delivering income growth

ISIN
JE00B1GXH751

Share price
344.00p
As of 19/02/20

Estimated NAV
346.78p
As of 19/02/20

Discount / Premium
-0.80%
As of 19/02/20

Yield
6.51%
As of 19/02/20

Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Company seeks to provide shareholders with a growing total annual dividend per share, as well as capital appreciation, from a diversified portfolio of investments from the Asia Pacific region.

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.

ABOUT THIS TRUST

  • A value-driven approach providing unique access to the growing economies in Asia Pacific
  • Invests in companies with high and sustainable dividends and those that have the potential to grow their dividends
  • Strong diversifier for income- and growth-seeking investors
Past performance is not a guide to future performance. 
 

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

PORTFOLIO MANAGEMENT

Mike Kerley

Portfolio Manager

Industry since 1985. Joined Firm in 2004.

Sat Duhra

Portfolio Manager

Industry since 2000. Joined Firm in 2011.

Performance

Past performance is not a guide to future performance. Performance is shown based on the Share Price and does not include income reinvested.
Discrete Performance
Price Net Asset Value
 
Quarter End
As of 31/12/19
Dec-2018 - Dec-2019 Dec-2017 - Dec-2018 Dec-2016 - Dec-2017 Dec-2015 - Dec-2016 Dec-2014 - Dec-2015
Price 12.72% -3.42% 16.86% 26.06% -5.70%
Net Asset Value 16.04% -7.07% 18.48% 23.53% -4.50%
Cumulative Performance
Price Net Asset Value
 
As of February 19, 2020 1MO 3MO YTD 1YR 3YR 5YR 10YR
Price -6.52% -2.62% -4.35% 5.48% 16.37% 40.60% -
Net Asset Value -3.12% 0.75% -5.82% 9.59% 19.02% 43.92% -
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
30-Jan-20 28-Feb-20 5.70
31-Oct-19 29-Nov-19 5.70
01-Aug-19 30-Aug-19 5.70
02-May-19 31-May-19 5.50
31-Jan-19 28-Feb-19 5.50
01-Nov-18 30-Nov-18 5.50
02-Aug-18 31-Aug-18 5.50
03-May-18 31-May-18 5.30
01-Feb-18 28-Feb-18 5.30
02-Nov-17 30-Nov-17 5.30
03-Aug-17 31-Aug-17 5.30
04-May-17 31-May-17 5.10

Portfolio

Top Holdings (As of 31/01/20)
% OF FUND
Taiwan Semiconductor Manufacturing 3.70
Samsung Electronics 3.50
Macquarie Group 3.42
BHP Group 3.02
Sands China 3.00
Rio Tinto 2.96
Macquarie Korea Infrastructure Fund 2.91
HKT Trust & HKT 2.86
Digital Telecommunications Infrastructure Fund Inc THB 2.81
Taiwan Cement 2.60
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/01/20)
Financials 37.63
Telecommunications 14.59
Technology 11.18
Consumer Goods 9.83
Basic Materials 6.96
Industrials 6.66
Oil & Gas 6.03
Utilities 4.51
Consumer Services 2.60

Documents

Document View
  • ​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 is not a guide to future performance.
  • ​You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • The trust has significant exposure to Emerging Markets, which tend to be less stable than more established markets and can be affected by local political and economic conditions, reliability of trading systems, buying and selling practices and financial reporting standards.
  • If a trust's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio diversified across more countries.
  • The portfolio allows the manager to use options for revenue enhancement purposes. Options can be volatile and may result in a capital loss.
  • Where the trust invests in assets which are denominated in currencies other than the base currency then currency exchange rate movements may cause the value of investments to fall as well as rise.
  • This trust is suitable to be used as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this trust.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
  • The trust could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the trust.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • The return on your investment is directly related to the prevailing market price of the trust’s shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the trust. As a result losses (or gains) may be higher or lower than those of the trust’s assets.
  • The trust may use gearing as part of its investment strategy. If the trust utilises its ability to gear, the profits and losses incured by the trust can be greater than those of a trust that does not use gearing.
  • All or part of the trust'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.
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