For individual investors in the UK

HHI Henderson High Income Trust plc

A Company providing investors with a high dividend income stream while also maintaining the prospect of capital growth

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ISIN
GB0009580571

Share price
152.50p
As of 07/12/2023

Estimated NAV
164.59p
As of 07/12/2023

Discount / Premium
-7.35%
As of 07/12/2023

Yield
6.79%
As of 07/12/2023

Overview

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

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

On 4 October 2023 the Company announced that it had reached heads of terms with Henderson Diversified Income Trust plc regarding a transfer of part of the assets and undertakings of HDIV in exchange for new ordinary shares in the Company. Proposals will be put to shareholders for consideration and a circular is expected to be posted in December 2023.

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 – Henderson High Income | Deputy Portfolio Manager - The City of London Investment Trust

Industry since 2002. Joined Firm in 2002.

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 15.84 -6.53 27.17 -16.70 4.67
Price 18.43 -6.13 37.17 -22.59 5.35
© 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) 4.66 1.45 4.47 3.14 27.57 29.01 72.32
Price (Net) 8.51 -2.83 -3.01 -4.10 26.03 24.44 53.99
© 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
07-Dec-23 26-Jan-24 2.63
14-Sep-23 27-Oct-23 2.58
15-Jun-23 28-Jul-23 2.58
06-Apr-23 28-Apr-23 2.58
08-Dec-22 27-Jan-23 2.58
15-Sep-22 28-Oct-22 2.53
16-Jun-22 29-Jul-22 2.53
07-Apr-22 29-Apr-22 2.53
16-Dec-21 28-Jan-22 2.53
16-Sep-21 29-Oct-21 2.48
17-Jun-21 30-Jul-21 2.48
01-Apr-21 30-Apr-21 2.48

Portfolio

Top Holdings (As of 31/10/2023)
% of Fund
British American Tobacco 3.97
Unilever 3.57
RELX 3.19
Rio Tinto 2.87
HSBC 2.71
Shell 2.59
BP 2.58
3i Group 2.58
Diageo 2.33
Imperial Brands 2.29
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
Finding income amid falling rates – Henderson High Income Investment Trust
15 Nov 2023

Finding income amid falling rates – Henderson High Income Investment Trust

As the rate of inflation continues to fall, the Bank of England will come under pressure to cut interest rates. Henderson High Income Investment Trust has identified several areas that should deliver high income levels for investors but also the prospects of capital growth in a falling rate environment.

6 min read

Henderson High Income Trust plc – Insuring against the economic cycle
19 Oct 2023
Investment Insights

Henderson High Income Trust plc – Insuring against the economic cycle

The uncertain economic environment presents challenges for investors in equities, as many sectors experience volatility. However, not all sectors behave in tandem and Henderson High Income has identified non-life insurers as one area that could buck the current market trend…

6 min read

Henderson High Income Trust plc: Half-Year Results 2023
11 Sep 2023
Investment Insights

Henderson High Income Trust plc: Half-Year Results 2023

Portfolio Manager, David Smith, discusses the half-year results for Henderson High Income Trust plc (HHI), including performance over the period and Company dividend outlook. Smith also discusses the Company’s current allocations and his outlook for the market.

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.
  • 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.
  • 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.
  • 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.