For individual investors 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.

ISIN
GB00B3PHCS86

Share price
164.00p
As of 14/10/2021

Estimated NAV
177.60p
As of 14/10/2021

Discount / Premium
-7.66%
As of 14/10/2021

Yield
3.66%
As of 14/10/2021

Overview

INVESTMENT OBJECTIVE

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 TRUST

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

The Company invests in the best global income ideas 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 global income funds 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

Contribution to dividend income for the top-10 dividend-paying stocks:

Revenue and dividend history:

HINT has an established track record of rising income delivery and strong total return performance, since inception:

  • The dividend has grown from 1p per quarter to 1.50p per quarter since launch (as at 31 August 2020). This is at a greater rate than inflation.
  • The capital value of the Company has increased from 100p at launch to 153.5p as at 31 August 2020

 

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

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

Performance

Past performance is not a guide to future performance.
Discrete Performance (%)
As of 30/09/2021
Net Asset Value Price
 
Quarter End
As of 30/09/2021
2020/2021 2019/2020 2018/2019 2017/2018 2016/2017
Net Asset Value 22.85 -4.65 5.16 5.98 23.32
Price 15.50 -9.80 8.30 3.40 28.40
Cumulative Performance (%)
As of 14/10/2021
NAV (Net) Price (Net)
 
As of 14/10/2021 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) 0.26 -0.80 12.32 18.90 26.93 41.74 180.27
Price (Net) 0.77 -0.01 10.71 17.88 20.63 35.93 154.29
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
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
30-Jul-20 28-Aug-20 1.50
07-May-20 29-May-20 1.50
13-Feb-20 28-Feb-20 1.50
07-Nov-19 29-Nov-19 1.50
11-Jul-19 30-Aug-19 1.40
09-May-19 31-May-19 1.40
07-Feb-19 28-Feb-19 1.40
08-Nov-18 30-Nov-18 1.40

Portfolio

Top Holdings (As of 30/09/2021)
% of Fund
Microsoft 4.86
Taiwan Semiconductor Manufacturing 2.91
Nestl 2.85
AXA 2.77
Verizon Communications 2.33
Coca-Cola 2.26
Cisco Systems 2.16
Citigroup 2.04
Sanofi 2.04
Merck 2.00
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 30/09/2021)
Financials 22.39
Technology 17.62
Health Care 13.72
Telecommunications 10.57
Industrials 8.86
Consumer Discretionary 8.84
Consumer Staples 8.09
Basic Materials 4.34
Real Estate 2.52
Utilities 1.99
Country/Geographic Exposures % OF FUND % OF FUND (As of September 30, 2021)
United States 39.41
Switzerland 8.36
Hong Kong 5.96
Taiwan 5.85
South Korea 5.81
France 4.81
Sweden 4.38
China 3.86
Italy 3.38
Australia 3.08

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.
  • Higher yieldings 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 revenue enhancement purposes. 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 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.
  • If the trust seeks to reduce risks (such as exchange rate movements), the measures designed to do so may be ineffective, unavailable or detrimental.
  • 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 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.