For individual investors in the UK

HDIV Henderson Diversified Income Trust plc

A Company with a thematic investing approach to long-term fixed income assets, to provide an income stream for shareholders

Invest Now

ISIN
GB00BF03YC36

Share price
67.40p
As of 07/12/2023

Estimated NAV
71.10p
As of 07/12/2023

Discount / Premium
-5.20%
As of 07/12/2023

Yield
6.53%
As of 07/12/2023

Overview

From 25 February 2022, the Company’s Investment objective and policy changed, and from 16 September 2021, the Company's reference benchmark changed. Past performance shown before this change was therefore achieved under circumstances that no longer apply.

INVESTMENT OBJECTIVE

The Company’s investment objective is to provide shareholders with a high level of income and preservation of capital, through the economic cycle.

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.

Proposed roll-over to Henderson High Income Trust plc

On 4 October 2023 the Company announced that it would be asking shareholders to consider a scheme of reconstruction which could result in the liquidation of the Company and transfer of some assets to Henderson High Income Trust plc. Under the scheme, shareholders will be offered a cash exit or the opportunity to roll their shares into Henderson High Income Trust plc.

A circular is expected to be posted to shareholders in December 2023.

ABOUT THIS COMPANY

  • A fixed income specialist with the ability to move freely between bonds and loans
  • Has an experienced and specialised management team with a deep understanding of global fixed income markets
  • Typically invests in large, high quality companies in industries with high barriers to entry
Subscribe to latest insights
Past performance does not predict future returns. 
 

Knowledge Shared

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 Company:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

Source: Morningstar. Ratings updated quarterly.

PORTFOLIO MANAGEMENT

John Pattullo

John Pattullo

Co-Head of Global Bonds | Portfolio Manager

Industry since 1993. Joined Firm in 1997.

Jenna Barnard, CFA

Jenna Barnard, CFA

Co-Head of Global Bonds | Portfolio Manager

Industry since 2001. Joined Firm in 2002.

Nicholas Ware

Nicholas Ware

Portfolio Manager

Industry since 1998. Joined Firm in 2009.

Performance

Past performance does not predict future returns.
Discrete Performance (%)
As of 30/09/2023
Net Asset Value Price
 
Quarter End
As of 30/09/2023 		2022/2023 2021/2022 2020/2021 2019/2020 2018/2019
Net Asset Value 8.67 -22.24 7.48 5.44 10.55
Price 7.79 -20.65 3.75 -0.17 13.08
© 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 30/11/2023
NAV (Net) Price (Net)
 
As of 30/11/2023 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 3.79 2.73 6.01 5.44 -9.75 11.81 39.67
Price (Net) 3.80 7.73 2.13 1.99 -11.40 12.70 31.02
© 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
30-Nov-23 29-Dec-23 1.10
31-Aug-23 29-Sep-23 1.10
01-Jun-23 30-Jun-23 1.10
02-Mar-23 31-Mar-23 1.10
01-Dec-22 30-Dec-22 1.10
08-Sep-22 30-Sep-22 1.10
01-Jun-22 30-Jun-22 1.10
03-Mar-22 31-Mar-22 1.10
02-Dec-21 31-Dec-21 1.10
02-Sep-21 30-Sep-21 1.10
03-Jun-21 30-Jun-21 1.10
04-Mar-21 31-Mar-21 1.10

Portfolio

Top Holdings (As of 31/10/2023)
% of Fund
Nationwide Building Society 2.05
Service Corp International 4.625% 2027 1.86
ING Groep 3.00% 2026 1.76
Deutsche Bank 2.625% 2024 1.73
Indvet Tl B3 1l GBP 02/26 1.69
Bank of America 7.00% 2028 1.42
Tilney 12/18 GBP Term B 12/25 1.34
Whitbread Group 3.375% 2025 1.28
AT&T 4.375% 2029 1.24
Virgin Media Secured Finance 4.125% 2030 1.22
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 31/10/2023)
Country/Geographic Exposures % OF FUND % OF FUND (As of October 31, 2023)

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Henderson Diversified Income Trust plc Annual General Meeting
9 Oct 2023
Investment Insights

Henderson Diversified Income Trust plc Annual General Meeting

PROPOSED COMBINATION WITH HENDERSON HIGH INCOME TRUST PLC Please note: the trust is currently subject to a proposed merger with Henderson High Income Trust PLC (HHI), dependent on shareholder approval. Please refer to the trust’s stock exchange announcement for details. Disclaimer References made to individual securities do not constitute a recommendation to buy, sell or

22 min read

Steady and predictable income – The Henderson Diversified Income way
1 Jun 2023
Investment Insights

Steady and predictable income – The Henderson Diversified Income way

A reliable approach to income Over the past year, bond yields have risen significantly, lifting fixed income return expectations to their most attractive point in well over a decade. Some non-investment grade bonds are yielding north of 8.0% – a rate that seems compelling following years of lacklustre bond returns. As such, some investors have

5 min read

High quality bonds are primed to bloom in 2023
19 Dec 2022
Investment Insights

High quality bonds are primed to bloom in 2023

The titan arum only flowers occasionally, but when it does, the results are impressive; high quality bonds could be set for a similar display in 2023.

7 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.