For financial professionals in the UK

HHI Henderson High Income Trust plc

A Trust providing investors with a high dividend income stream while also maintaining the prospect of capital growth

ISIN
GB0009580571

Share price
168.00p
As of 21/10/21

Estimated NAV
172.63p
As of 21/10/21

Discount / Premium
-2.68%
As of 21/10/21

Yield
5.89%
As of 21/10/21

Buy via interactive investor Buy via AJ Bell Youinvest

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 invests in a prudently diversified selection of both well-known and smaller companies to provide investors with a high dividend income stream while also maintaining the prospect of capital growth.

ABOUT THIS TRUST

  • Invests predominantly in equities but has flexibility to invest in fixed income assets
  • Bottom-up style to stock selection with an emphasis on value
  • Portfolio includes large and small companies that have attractive and sustainable cash flows
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Past performance is not a guide to future performance. 
 

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 Trust:

London Stock Exchange

PORTFOLIO MANAGEMENT

David Smith, CFA

David Smith, CFA

Portfolio Manager

Industry since 2002. Joined Firm in 2002.

Performance

Past performance is not a guide to future performance.
Discrete Performance (%)
As of 30/09/21
Net Asset Value Price
 
Quarter End
As of 30/09/21 		2020/2021 2019/2020 2018/2019 2017/2018 2016/2017
Net Asset Value 20.18 -10.94 1.12 5.28 18.31
Price 26.10 -12.90 3.70 0.40 22.00
© Morningstar 2021. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance (%)
As of 21/10/21
NAV (Net) Price (Net)
 
As of 21/10/21 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 1.24 1.38 14.60 28.80 19.56 27.42 150.57
Price (Net) -1.18 0.25 19.32 38.78 19.94 21.52 142.72
© Morningstar 2021. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
16-Sep-21 29-Oct-21 2.48
17-Jun-21 30-Jul-21 2.48
01-Apr-21 30-Apr-21 2.48
10-Dec-20 29-Jan-21 2.48
17-Sep-20 30-Oct-20 2.48
18-Jun-20 31-Jul-20 2.48
02-Apr-20 24-Apr-20 2.48
12-Dec-19 31-Jan-20 2.48
19-Sep-19 25-Oct-19 2.48
20-Jun-19 26-Jul-19 2.43
04-Apr-19 26-Apr-19 2.43
13-Dec-18 25-Jan-19 2.43

Portfolio

Top Holdings (As of 30/09/21)
% of Fund
British American Tobacco 3.61
Unilever 3.43
Diageo 3.42
AstraZeneca 3.02
RELX 2.81
Anglo American 2.58
Tesco 2.34
Rio Tinto 2.27
GlaxoSmithKline 2.22
National Grid 2.01
View full holdings
References made to individual securities should not constitute or form part of any offer or solicitation to issue, sell, subscribe or purchase. Holdings are subject to change without notice.
Sector Allocation % OF FUND % OF FUND (As of 30/09/21)
Financials 24.05
Consumer Staples 20.00
Consumer Discretionary 12.99
Basic Materials 8.38
Utilities 7.66
Fixed Interest 7.36
Health Care 5.24
Industrials 4.53
Energy 3.42
Real Estate 2.51
Country/Geographic Exposures % OF FUND % OF FUND (As of September 30, 2021)
United Kingdom 84.52
United States 6.82
Sweden 1.99
Finland 1.46
Netherlands 1.16
Ireland 0.88
Germany 0.88
Multinational 0.83
Portugal 0.75
France 0.36

Documents

Document View
Henderson High Income Trust plc - ESG Approach
Henderson High Income Trust plc - Annual Report 2020
Henderson High Income Trust plc - Annual Report 2020 (interactive)
Henderson High Income Trust plc - Annual Report 2019
Henderson High Income Trust plc - Annual Report 2018
Henderson High Income Trust plc - Annual Report 2017
Henderson High Income Trust plc - Annual Report 2016
Henderson High Income Trust plc - Annual Report 2016
Henderson High Income Trust plc - Annual Report 2015
Henderson High Income Trust plc - Annual Report 2014
Henderson High Income Trust plc - Annual Report 2013
Henderson High Income Trust plc - Annual Report 2012
Henderson High Income Trust plc - Annual Report 2011
Henderson High Income Trust plc - Factsheet
Henderson High Income Trust plc - Portfolio Disclosure
Henderson High Income Trust plc - Half Year Report 2021
Henderson High Income Trust plc - Half Year Report 2020
Henderson High Income Trust plc - Half Year Report 2019
Henderson High Income Trust plc - Half Year Report 2018
Henderson High Income Trust plc - Half Year Report 2017
Henderson High Income Trust plc - Half Year Report 2016
Henderson High Income Trust plc - Half Year Report 2015
Henderson High Income Trust plc - Half Year Report 2014
Henderson High Income Trust plc - Half Year Report 2013
Henderson High Income Trust plc - Half Year Report 2012
Henderson High Income Trust plc - Half Year Update 2021
Henderson High Income Trust plc - Half Year Update 2020
Henderson High Income Trust plc - Half Year Update 2019
Henderson High Income Trust plc - Half Year Update 2018
Henderson High Income Trust plc - Notice of Meeting 2021
Henderson High Income Trust plc - Key Information Document
Henderson High Income Trust plc - AIFMD Disclosure
Henderson High Income Trust plc - Prospectus May 2017
Henderson High Income Trust plc - Proxy Votes 2021
Henderson High Income Trust plc - Form of Proxy 2021
Henderson High Income Trust plc - Role of the Chairman
Henderson High Income Trust plc - Role of the Senior Independent Director
Henderson High Income Trust plc - Supplementary Prospectus August 2017
Henderson High Income Trust plc - Terms of Reference of the Audit and Risk Committee
Henderson High Income Trust plc - Terms of Reference of the Nominations & Remuneration Committee
Henderson High Income Trust plc - Terms of Reference of the Management Engagement Committee
Henderson High Income Trust plc - Schedule of Matters Reserved

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Rethinking the role of bonds
September 2021

Rethinking the role of bonds

With bond yields close to all-time lows and credit spreads quite tight, what role can bonds play within an equity/bond portfolio going forward? In this article, we discuss the approach adopted by David Smith, Portfolio Manager of Henderson High Income Trust, his underlying rationale, and the impressive results the Trust has delivered.

Read More

Henderson High Income – Fund manager interview with Quoted Data
September 2021

Henderson High Income – Fund manager interview with Quoted Data

In an interview with Quoted Data, David Smith, Portfolio Manager of Henderson High Income, discusses the Trust’s investment process, the qualities he looks for in a business, recent portfolio activity, and areas where he is finding opportunities.

Watch Now

Outlook for income becoming more positive
August 2021

Outlook for income becoming more positive

David Smith, Fund Manager of Henderson High Income Trust, discusses the Trust’s recent performance, highlighting the key drivers of performance and areas where he is finding opportunities. David also touches on the outlook for global economies and income in the coming months.

Watch Now

  • ​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.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • 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.
  • Some of the investments in this portfolio are in smaller companies shares. They may be more difficult to buy and sell and their share price may fluctuate more than that of larger companies.
  • 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 Company confirms that it currently conducts its affairs so that its ordinary shares of 5p each can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) 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 investment products because they are shares in an investment trust.