For financial professionals in the UK

HINT Henderson International Income Trust plc

Specifically designed as a complementary diversifier for UK income-driven investors with a global income mandate excluding the UK.

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ISIN
GB00B3PHCS86

Share price
163.00p
As of 29/09/2023

Estimated NAV
179.38p
As of 29/09/2023

Discount / Premium
-9.13%
As of 29/09/2023

Yield
4.54%
As of 29/09/2023

Overview

INVESTMENT OBJECTIVE

The Company seeks to provide shareholders with a growing total annual dividend, as well as capital appreciation.

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 COMPANY

In 2011, Henderson International Income Trust was launched to provide an investment solution for investors seeking attractive income and capital growth opportunities.

The Company invests in some of the best global income ideas, well diversified by sector and region outside the UK, generated by the Janus Henderson Global Equity Income team. Global diversification helps mitigate political and economic risks and provides exposure to additional opportunities. The portfolio is split into three regions, North America, Europe and Asia Pacific, with none representing more than 50% of assets and no individual stock over 5% of the portfolio at the time of investment.

As well as the ability to borrow up to 25% of net assets to enhance returns, the mandate includes the ability to own up to 25% in fixed interest assets to enhance income generation and diversification.

DIVERSIFIER FOR UK INCOME-DRIVEN INVESTORS

The ex-UK aspect of the portfolio allows investors to be confident of true stock specific diversification as many UK investors’ income portfolios are often overweight the UK FTSE dividend payers. The dividends paid by UK companies (represented below by the FTSE 100) are highly reliant on a small number of companies. The same is not the case for a global index or for the HINT portfolio.

 

Source: Link Group UK Dividend Monitor for the year to December 2021. HINT dividend contribution for the one year period to 31 August 2022.

Source: Refinitiv Datastream (August 2022), Morningstar Direct (August 2022), Figures rebased to 100 as at August 2012.

HINT has an established track record since inception of a growing total annual dividend as well as capital appreciation:

  • The dividend has grown from 1p per quarter to 1.85p per quarter since launch (as at 31 August 2022). This is at a greater rate than inflation. The long-term sustainability of dividends is enhanced by the Company’s ability to smooth distributions through the cycle using its reserves.
  • The capital value of the Company has increased from 100p at launch to 181.5p as at 31 August 2022
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Past performance does not predict future returns. 
 

LATEST INSIGHTS

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 more Henderson International Income Trust insights

ANNOUNCEMENTS

View the latest announcements for this Company:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

Source: Morningstar. Ratings updated quarterly.

PORTFOLIO MANAGEMENT

Ben Lofthouse, CFA

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

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 6.74 4.01 22.95 -4.67 5.18
Price 3.36 3.77 18.65 -9.87 8.33
© 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) -2.15 0.16 0.07 1.39 33.21 29.16 132.79
Price (Net) -5.00 -3.96 -5.85 -1.88 25.39 17.25 104.81
© 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
27-Jul-23 31-Aug-23 1.85
11-May-23 31-May-23 1.85
02-Feb-23 28-Feb-23 1.85
03-Nov-22 30-Nov-22 1.85
28-Jul-22 31-Aug-22 1.80
05-May-22 31-May-22 1.80
03-Feb-22 28-Feb-22 1.80
04-Nov-21 30-Nov-21 1.80
29-Jul-21 31-Aug-21 1.50
06-May-21 28-May-21 1.50
04-Feb-21 26-Feb-21 1.50
05-Nov-20 30-Nov-20 1.50

Portfolio

Top Holdings (As of 31/08/2023)
% of Fund
Sanofi 3.82
Microsoft 3.81
Merck 3.03
Cisco Systems 2.90
Roche 2.90
nVent Electric 2.82
Air Products and Chemicals 2.62
Novartis 2.58
Zurich Insurance Group 2.49
Coca-Cola 2.44
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
Henderson International Income Trust: 2023 Global Dividend Cover Report
4 Aug 2023
Investment Insights

Henderson International Income Trust: 2023 Global Dividend Cover Report

In the report, the company presents the key findings of the research, forecasts for profits and dividend cover in 2023 and Portfolio Manager Ben Lofthouse shares his view on the current landscape.

4 min read

Diversify for stability and growth with Henderson International Income Trust
20 Jul 2023
Investment Insights

Diversify for stability and growth with Henderson International Income Trust

In an uncertain global market, investing too narrowly can expose you to higher risks. Investors seeking stable and growing income and capital appreciation should diversify.

5 min read

Henderson International Income Trust plc: Half-Year Results 2023
4 May 2023
Investment Insights

Henderson International Income Trust plc: Half-Year Results 2023

Discrete Performance Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. This is a marketing communication. Please refer to the AIFMD Disclosure document and Annual Report of the AIF

1 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.
  • 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.
  • The portfolio allows the manager to use options for efficient portfolio management. Options can be volatile and may result in a capital loss.
  • Global portfolios may include some exposure to Emerging Markets, which tend to be less stable than more established markets. These markets can be affected by local political and economic conditions as well as variances in the reliability of trading systems, buying and selling practices and financial reporting standards.
  • Where the Company invests in assets that are denominated in currencies other than the base currency, the currency exchange rate movements may cause the value of investments to fall as well as rise.
  • 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.
  • 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.
  • If the Company seeks to minimise risks (such as exchange rate movements), the measures designed to do so may be ineffective, unavailable or negative for performance.
  • 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 1p 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.