For individual investors in the UK

HHI Henderson High Income Trust plc

A pure income Trust that invests in high-quality UK companies with potential to pay attractive and sustainable dividends

ISIN
GB0009580571

Share price
167.50p
As of 04/05/2021

Estimated NAV
171.28p
As of 04/05/2021

Discount / Premium
-2.21%
As of 04/05/2021

Yield
5.91%
As of 04/05/2021


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

2021 Annual General Meeting

In light of the ongoing COVID-19 pandemic and with a view to making the AGM as safe and accessible for shareholders as possible, we are inviting you to register to attend our virtual AGM this year, which will be held on Monday 24 May 2021 at 12.30pm, as a webinar using the conferencing software Zoom. This will allow you to be present for the usual presentation from our Fund Manager, David Smith, and will enable you to ask questions of the Fund Manager and Board, as you would at a physical AGM.

To attend the AGM, please register in advance using this link. You will then receive a dedicated invitation to join the webinar.

Due to technological restrictions, voting will be conducted on a poll, rather than on a show of hands, with the Chairman of the AGM holding the proxy votes. We therefore request all shareholders to submit their votes by proxy, ahead of the deadline of Thursday 20 May 2021, to ensure that their vote counts at the AGM, where there will be no live voting. If you hold your shares in a nominee account, such as through a share dealing service or platform, you will need to contact your provider and ask them to submit the proxy votes on your behalf.

INVESTMENT OBJECTIVE

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 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
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

PORTFOLIO MANAGEMENT

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 31/03/2021
Net Asset Value Price
 
Quarter End
As of 31/03/2021
2020/2021 2019/2020 2018/2019 2017/2018 2016/2017
Net Asset Value -12.78 25.56 -13.92 13.37 8.96
Price -17.60 27.00 -11.30 8.70 7.10
Cumulative Performance (%)
As of 04/05/2021
NAV (Net) Price (Net)
 
As of 04/05/2021 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 3.57 9.48 12.40 27.43 9.16 34.38 127.17
Price (Net) 4.12 17.51 17.91 31.79 11.20 30.02 121.26
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
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
20-Sep-18 26-Oct-18 2.43
21-Jun-18 27-Jul-18 2.38

Portfolio

Top Holdings (As of 31/03/2021)
% of Fund
British American Tobacco 4.01
Rio Tinto 3.34
Diageo 2.96
Anglo American 2.70
AstraZeneca 2.55
GlaxoSmithKline 2.52
Unilever 2.48
RELX 2.17
Vodafone Group 1.94
BP 1.84
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/03/2021)
Financials 23.28
Consumer Staples 19.40
Consumer Discretionary 13.10
Basic Materials 9.82
Fixed Interest 7.53
Utilities 7.19
Health Care 5.75
Industrials 4.28
Energy 3.17
Real Estate 2.39
Country/Geographic Exposures % OF FUND % OF FUND (As of March 31, 2021)
United Kingdom 85.11
United States 6.81
Finland 1.74
Netherlands 1.33
Sweden 1.17
France 1.05
Ireland 0.92
Portugal 0.83
Germany 0.68
Belgium 0.35

Documents

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  • ​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.
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