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For financial professionals in the UK

HHI Henderson High Income Trust plc

HHI aims to make diversified income investing accessible. By blending primarily UK equities and bonds, the trust seeks to provide a dependable source of income alongside investment growth.

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ISIN
GB0009580571

Share price
172.50p
As of 08/05/2025

Estimated NAV
186.09p
As of 08/05/2025

Discount / Premium
-7.30%
As of 08/05/2025

Yield
6.14%
As of 08/05/2025

Overview

Roll-over of Henderson Diversified Income Trust plc to the Company

On 16 January 2024, the scheme of reconstruction with Henderson Diversified Income Trust plc became effective. This resulted in the issue of 42,345,422 New Ordinary Shares in Henderson High Income Trust plc which were admitted to trading on the Main Market of the London Stock Exchange on 17 January 2024.

For more information on the transaction, click here.

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.

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 information document before investing. This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS COMPANY

  • 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 does not predict future returns. 
 

LATEST INSIGHTS

Knowledge Sharing

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

View more Henderson High Income Trust insights

ANNOUNCEMENTS

View the latest announcements for this Company:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

Source: Morningstar. Ratings updated quarterly.

Portfolio Management

David Smith, CFA
David Smith, CFA

Portfolio Manager

Industry since 2002. Joined Firm in 2002.

Performance

Marketing Communication. Past performance does not predict future returns. The value of an investment and the income from it may go down as well as up and you may lose the amount originally invested. Potential investors must read the latest annual report and where relevant, the key information document before investing.
Discrete Performance (%)
As of 31/03/2025
Share price Net asset value per share 80% FTSE All-Share, 20% ICE BofA Sterling Non-Gilts
 
As of 31/03/2025 2024/2025 2023/2024 2022/2023 2021/2022 2020/2021
Share price 14.71 -2.17 2.34 16.07 42.68
Net asset value per share 11.28 7.91 3.04 12.66 26.78
80% FTSE All-Share, 20% ICE BofA Sterling Non-Gilts 8.85 7.98 0.40 9.45 22.23
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.
The Price and Net Asset Value are total returns.

Source: © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not predict future returns.
Cumulative & Annualised Performance (%)
As of 30/04/2025
Share price Net asset value per share 80% FTSE All-Share, 20% ICE BofA Sterling Non-Gilts
 
  Cumulative Annualised
  1MO 3MO YTD 1YR 3YR 5YR 10YR
Share price 3.13 5.15 7.09 15.60 16.92 67.52 67.58
Net asset value per share 1.93 1.67 6.83 11.34 25.34 69.79 75.89
80% FTSE All-Share, 20% ICE BofA Sterling Non-Gilts 0.06 -0.79 3.81 7.17 18.40 50.64 64.69
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.
Source: © Morningstar 2025. All rights reserved. The Price and Net Asset Value (NAV) are total returns. Source: Morningstar. Past performance does not predict future returns.

Recommended holding period 5 Years

Example Investment: GBP 10,000

Scenarios If you exit after 1 year If you exit after 5 years
MinimumThere is no minimum guaranteed return. You could lose some or all of your investment
StressWhat you might get back after costs600 GBP530 GBP
Average return each year-93.99%-44.52%
UnfavourableWhat you might get back after costs7,560 GBP8,460 GBP
Average return each year-24.41%-3.29%
ModerateWhat you might get back after costs10,280 GBP12,440 GBP
Average return each year2.79%4.46%
FavourableWhat you might get back after costs14,340 GBP13,970 GBP
Average return each year43.40%6.92%
There is currently insufficient data to provide a useful indication of past performance to investors.

Portfolio

Top Holdings (As of 31/03/2025)
% of Fund
British American Tobacco 5.26
HSBC 3.58
Imperial Brands 3.02
Shell 2.93
Rio Tinto 2.91
RELX 2.82
Unilever 2.62
BP 2.37
Phoenix Group 2.36
Reckitt Benckiser Group 2.30
TOTAL 30.19
View full holdings
Sector Allocation % of Fund % of Fund As of 31/03/2025
Country/Geographic Exposures % of Fund % of Fund As of 31/03/2025

Documents

Related Insight

10 Years of Consecutive Dividend Growth
27 Jan 2023
Investment Insights

10 Years of Consecutive Dividend Growth

Despite a volatile market environment, Henderson High Income has increased its dividends for 10 consecutive years at a rate in line with inflation. Here, we look at how Portfolio Manager David Smith has utilised the investment trust structure and prudent stock selection to navigate a challenging market environment.

Read More

  • ​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.
  • 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.
  • 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 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.
  • 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.
  • Some of the investments in this portfolio are in smaller company shares. They may be more difficult to buy and sell, and their share prices may fluctuate more than those of larger companies.
  • 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 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.
  • 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.
  • The Legal Entity Identifier for this product is 213800OEXAGFSF7Y6G11.

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