Henderson Far East Income Limited

Ordinary shares Ticker: HFEL,  ISIN code: JE00B1GXH751

Investment objective

Henderson Far East Income aims to provide a high level of dividend as well as capital appreciation from a diversified portfolio of investments traded on the Pacific, Australasian, Japanese and Indian stock markets.

Overview

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.

This website is for financial promotion purposes and is not investment advice.

Ticker: HFELOrdinary shares Currency GBX Price 381.00 Estimated NAV Final NAVs are published daily and announced on the London Stock Exchange.374.98 Discount/premium 1.61% Yield 5.83% Price date 18/07/2019

Ratings and awards

Morningstar 3 Star
Performance

Past performance is not a guide to future performance. Performance is shown based on the Share Price and does not include income reinvested.

Past performance is not a guide to future performance. Performance is shown based on the Share Price and does not include income reinvested.

Discrete performance

PerformanceMar 2018 - Mar 2019Mar 2017 - Mar 2018Mar 2016 - Mar 2017Mar 2015 - Mar 2016Mar 2014 - Mar 2015
NAV4.90%5.30%28.70%-6.20%18.80%
Price1.70%8.50%32.50%-10.10%19.10%
© Morningstar 2019. All rights reserved. The Price and Net Asset Value total returns.Source: Morningstar, based on market prices at close on the date shown. We are not responsible for the accuracy or completeness of the information supplied by Morningstar. We take care to ensure that the information provided by Morningstar is correct but we neither warrant, represent nor guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies therein. Prices may be subject to change, errors and omissions excepted. Annual return to 31/03/2019

Cumulative performance

Performance1 Month3 Months6 Months1 Year3 Years5 Years
NAV5.45%6.05%15.62%11.86%35.05%60.87%
Price4.96%5.11%14.61%12.81%42.89%59.95%
© Morningstar 2019. All rights reserved. The Price and Net Asset Value total returns.Source: Morningstar, based on market prices at close on the date shown. We are not responsible for the accuracy or completeness of the information supplied by Morningstar. We take care to ensure that the information provided by Morningstar is correct but we neither warrant, represent nor guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies therein. Prices may be subject to change, errors and omissions excepted. Data as at 18/07/2019
Top 10 holdings
Top 10 holdings(%)
Macquarie Korea Infrastructure Fund3.2%
HKT Trust & HKT3.0%
Rio Tinto3.0%
Taiwan Semiconductor Manufacturing2.9%
China Construction Bank2.8%
Digital Telecommunications Infrastructure Fund2.7%
China Yangtze Power2.7%
Sinopec2.6%
Telekomunikasi Indonesia Persero2.5%
Mapletree Commercial Trust2.4%
Source: BNP ParibasSource: BNP Paribas for holdings information and Morningstar for all other data. Differences in calculation may occur due to the methodology used. Data as at 30/06/2019
Geographic breakdown
Geographic breakdown(%)
China21.1%
Australia17.2%
Singapore12.9%
Taiwan11.7%
South Korea10.7%
Thailand8.1%
Hong Kong6.9%
Indonesia4.6%
United Kingdom3.0%
New Zealand2.1%
Source: BNP ParibasSource: BNP Paribas for holdings information and Morningstar for all other data. Differences in calculation may occur due to the methodology used. Data as at 30/06/2019
Sector breakdown
Sector breakdown(%)
Financials40.5%
Telecommunications10.9%
Consumer Goods10.3%
Technology9.8%
Industrials7.2%
Basic Materials6.6%
Oil & Gas5.9%
Utilities4.9%
Consumer Services4.0%
Source: BNP ParibasSource: BNP Paribas for holdings information and Morningstar for all other data. Differences in calculation may occur due to the methodology used. Data as at 30/06/2019
Dividends
Ex dividend datePay dateAmount div p/ps
01/08/201930/08/20195.70
02/05/201931/05/20195.50
31/01/201928/02/20195.50
01/11/201830/11/20185.50
02/08/201831/08/20185.50
03/05/201831/05/20185.30
01/02/201828/02/20185.30
02/11/201730/11/20175.30
03/08/201731/08/20175.30
04/05/201731/05/20175.10
02/02/201726/01/20175.10
03/11/201630/11/20165.10
04/08/201631/08/20165.10
© Morningstar 2017. All rights reserved.Source: Morningstar, based on market prices at close on the date shown. We are not responsible for the accuracy or completeness of the information supplied by Morningstar. We take care to ensure that the information provided by Morningstar is correct but we neither warrant, represent nor guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies therein. Prices may be subject to change, errors and omissions excepted. Data as at 19/07/2019
Janus Henderson Investors does not give tax advice and you should consult an appropriately qualified professional adviser if you are uncertain about your tax position.
Key data
Objective Income & Growth
Asset class Equities
Benchmark No Benchmark
Sector AIC Asia Pacific ex Japan
Regional focus Asia Pacific
Risk rating Slightly above average
Incorporation date November 2006
Total holdings 48
Please note: Risk ratings are provided by Numis. More information on these ratings can be viewed here.
Please note: Total holdings are updated at the end of each calendar month.

Ordinary shares

ISIN code JE00B1GXH751
Ticker HFEL
SEDOL number(s) B1GXH75
General risks
  • ​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.
  • ​You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
Specific risks
  • Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
  • 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.
  • The trust could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the trust.
  • 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.
  • 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 has significant 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.
  • 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.
  • 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.
  • 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 portfolio allows the manager to use options for revenue enhancement purposes. Options can be volatile and may result in a capital loss.
General information

The Board notes the proposed changes to the FCA rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which will come into effect on 1 January 2014.

Following the receipt of legal advice, The Board confirms that it conducts its affairs, and intends to continue to conduct its affairs, so that the Company's ordinary shares can be recommended by IFA’s to ordinary retail investors in accordance with the FCA’s 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 products as the company’s portfolio is wholly or predominantly made up of shares, debentures or government and public securities which are not themselves issued by other investment funds.

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Announcements

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Please note

Henderson Far East Income Limited is a Jersey fund, registered at IFC1, The Esplanade, St Helier, Jersey, JE1 4BP, Channel Islands and is regulated by the Jersey Financial Services Commission.

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