HAST Henderson Alternative Strategies Trust plc

Offers unique access to an array of investment strategies around the world with its multi-strategy portfolio

ISIN
GB0001216000

Share price
288.00p
As of 20/10/2020

Estimated NAV
312.31p
As of 20/10/2020

Discount / Premium
-7.78%
As of 20/10/2020

Yield
1.91%
As of 20/10/2020


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

Company Update – The Chairman announced at the Annual General Meeting (16 September 2020) that cash now forms 60% of the Company’s portfolio (as at 11 September). The Board is giving consideration as to how best to make an initial return of cash to shareholders and will make a further announcement on this in the near future. It should be noted that the investment manager is currently selling the Company’s remaining liquid listed investments and has already made redemption requests in respect of its holding in funds with redemption rights. The investment manager expects the Company’s cash level to rise to 70-75% by mid October 2020. The remaining portfolio, post the sale of liquid listed investments, will consist of funds without redemption rights and illiquid listed funds. These amount, in aggregate, to c.20% of the current Net Asset Value. Your investment manager is actively exploring liquidity options.  There can, however, be no certainty as to the aggregate realisation proceeds which may be achieved for this remaining illiquid portfolio, or on the timeframe necessary to achieve a disposal.

INVESTMENT OBJECTIVE

To conduct an orderly realisation of the assets of the Company, to be effected in a manner that seeks to achieve a balance between returning cash to Shareholders promptly and maximising value. Investors can find more details regarding the objective and the investment policy on the Annual Report.

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

  • Portfolio diversification is key to the Trust’s performance as it seeks to deliver smooth returns irrespective of global market dynamics
  • The Trust is a great diversifier for investors with equity and fixed income portfolios
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.

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

PORTFOLIO MANAGEMENT

Alex Barr

Senior Portfolio Manager

Industry since 1993. Joined Firm in 2019.

James de Bunsen, CFA

Portfolio Manager

Industry since 2005. Joined Firm in 2013.

Pete Webster, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2009.

Performance

Past performance is not a guide to future performance.
Discrete Performance (%)
As of 30/09/2020
Net Asset Value Price (ORD) (ORD)
 
Quarter End
As of 30/09/2020
2019/2020 2018/2019 2017/2018 2016/2017 2015/2016
Net Asset Value 11.17% 2.24% 4.05% 1.49% 5.21%
Price 31.10% 5.90% 2.20% -3.50% 4.80%
Cumulative Performance (%)
As of 20/10/2020
Net Asset Value Price
 
As of 20/10/2020 1MO 3MO YTD 1YR 3YR 5YR 10YR
Net Asset Value 0.43% -0.20% -4.78% -2.48% -3.97% 24.96% 7.81%
Price 1.94% 1.94% 11.42% 9.14% 4.53% 42.79% 22.10%
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
24-Sep-20 12-Oct-20 5.50
11-Jul-19 02-Aug-19 2.50
13-Dec-18 31-Jan-19 5.00
11-Jan-18 07-Feb-18 4.75
12-Jan-17 03-Feb-17 6.40
21-Jan-16 26-Feb-16 3.30
29-Dec-14 13-Feb-15 3.00
26-Feb-14 28-Mar-14 1.50
06-Mar-13 28-Mar-13 2.00
14-Dec-11 01-Feb-12 2.00
15-Dec-10 01-Feb-11 1.00
09-Dec-09 09-Feb-10 2.00

Portfolio

Top Holdings (As of 30/09/2020)
% of Fund
Blackrock European Hedge Fund Ltd Class I GBP 24.31
Mantra Secondary Opportunities Fund 16.60
Sagil Latin American Opportunities Fund B USD 13.75
Renewable Energy and Environmental Infrastructure Fund II 11.90
Ceiba Investment Ltd GBP 9.77
Baring Vostok Inv Pcc-Core USD 7.36
Eurovestech 5.62
Amber Trust SCA 2.32
Firebird Republics Fund USD 2.11
New Energy Solar 1.91
View full holdings

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.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • In certain circumstances the investment manager may not be able to sell investments from the trust's portfolio. This could have a negative impact on the overall performance of the trust.
  • The trust may have a particularly concentrated portfolio (low number of holdings) relative to its investment universe and an adverse event impacting only a small number of holdings can create significant volatility or losses for the trust.
  • Global portfolios may include some 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.
  • 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.
  • The Company confirms that it currently conducts its affairs so that its ordinary shares of 25p 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.
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