Overview
Henderson High Income uses a value driven investment approach to invest 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.
Henderson High Income uses appropriate gearing to enhance returns from a split portfolio of normally 80% equities and 20% bonds.
We have published a note that explains how the fund works – The trust that delivers
The fund manager’s website can be found here.
Fundamentals
Price
Research History
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04 Dec 2020 21 min read
Henderson High Income Trust – Robust high yield
Robust high yield Henderson High Income’s (HHI‘s) dividend income proved relatively resilient in the face of COVID-19. Its manager says that it will likely dip into its revenue reserves to maintain its dividend this year and perhaps next, but having avoided the worst of the crisis, HHI manager David Smith sees little danger of these […]
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22 min read
Henderson High Income Trust – Robust high yield
Robust high yield Henderson High Income’s (HHI‘s) dividend income proved relatively resilient in the face of the COVID-19 pandemic. Because of the widespread dividend cuts that afflicted the UK market, HHI will likely dip into its revenue reserves to maintain its dividend this year and perhaps next. However, having avoided the worst of the crisis, […]
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22 min read
Henderson High Income Trust – Robust high yield
Robust high yield Henderson High Income’s (HHI‘s) dividend income proved relatively resilient in the face of COVID-19. It will likely dip into its revenue reserves to maintain its dividend this year and perhaps next, but having avoided the worst of the crisis, HHI manager David Smith sees little danger of these being exhausted. HHI is […]
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16 Oct 2020 15 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research Guide The legal bit Stubborn resistance The end […]
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09 Oct 2020 10 min read
QuotedData’s Economic Roundup – October 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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20 May 2020 16 min read
Henderson High Income Trust – Able to commit to the dividend
Able to commit to the dividend Recent market falls have left Henderson High Income Trust (HHI) trading on a 7.3% yield. This is a significant premium to the yield on the UK market, which has been hit by a swathe of dividend cuts. The board are well aware of the reliance that many investors have […]
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16 min read
Henderson High Income Trust – Able to commit to the dividend
Able to commit to the dividend Recent market falls have left Henderson High Income Trust (HHI) trading on a 7.3% dividend yield. This is a significant premium to the yield on the UK market, which has been hit by a swathe of dividend cuts. The board are well aware of the reliance that many investors […]
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24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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26 Nov 2019 23 min read
Henderson High Income – The trust that delivers
The trust that delivers Henderson High Income Trust (HHI) launched in November 1989, with an objective of generating a high income from a portfolio consisting primarily of UK equities complemented by a modest weighting in fixed interest investments to enhance income. Investors might have been forgiven for thinking that the second half of the objective, […]
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23 min read
Henderson High Income – The trust that delivers
The trust that delivers Henderson High Income Trust (HHI) launched in November 1989, with an objective of generating a high income from a portfolio consisting primarily of UK equities complemented by a modest weighting in fixed interest investments that have been used to enhance income. Investors might have been forgiven for thinking that the second […]
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07 Aug 2019 7 min read
QuotedData’s economic roundup – August 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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15 Aug 2018 2 min read
QuotedData’s Economic round up – August 2018
QuotedData’s Economic round up – August 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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25 Apr 2018 2 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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28 Mar 2018 2 min read
CQS New City High Yield – “Conservative and boring”
CQS New City High Yield – “Conservative and boring” – In the words of its manager, Ian Francis, CQS New City High Yield Fund (NCYF) is “really conservative and boring”! However, NCYF offers a high yield and has beaten the consumer price index, Libor and the MSCI UK Index by significant margins over the last […]
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13 Mar 2018 2 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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07 Feb 2018 2 min read
QuotedData investment companies roundup – February 2018
QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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14 Sep 2017 2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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10 Apr 2017 1 min read
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
News
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11 Dec 2020 3 min read
QD view – UK clear-out heralds better times
QD view – UK clear-out heralds better times The AIC’s UK All Companies sector is set to shrink as shareholders in Jupiter UK Growth choose between cash or a rollover into an open-ended fund, Invesco Perpetual Select UK Equity moves to the UK equity income sector following its planned merger with Invesco Income Growth and […]
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11 Sep 2020 5 min read
Henderson High underperformance driven by gearing
Henderson High Income (HHI) has announced its annual results for the half year ended 30 June 2020, during which, despite being defensively positioned, it underperformed its benchmark primarily due to its gearing which is a key component of its structure that allows it to generate its high level of income. The announcement says that, during […]
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22 Jan 2020 1 min read
QuotedData’s other news 22 January 2020
In QuotedData’s other news 22 January 2020 Yellow Cake, the uranium fund, is instituting a $2m buyback programme in an effort to narrow its discount. The programme lasts for three months, shares will be held in treasury. Syncona says that its portfolio company, Freeline will be disclosing further data from its Phase 1/2 B-AMAZE trial investigating […]
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27 Mar 2018 2 min read
Henderson High Income outperforms in 2017
Henderson High Income outperforms in 2017 – Henderson High Income beat its benchmark (80% the All-Share and 20% a gilts index) by 2% in 2017. Unfortunately though, its discount widened and the return to shareholders was 8.7% against 11.4% for the benchmark. the trust expanded by £32m as it absorbed Threadneedle UK Select and also […]
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18 Jan 2018 2 min read
Henderson High Income amends fee structure
Henderson High Income amends fee structure – The board of Henderson High Income Trust has announced the following amendments to the fee arrangements with the Henderson Investment Funds Limited (“Janus Henderson”), the fund’s manager. The current agreement has a base management fee of 0.50% of adjusted average gross assets. Adjusted average assets is the average of the gross assets, […]
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29 Mar 2017 2 min read
Henderson High Income held back by Brexit
Henderson High Income, which is in the throes of a merger with UK Select Trust, has announced results for the year ended 31 December 2016. The benchmark, which is a composite of 80% of the All-Share Index (total return) and 20% of the Merrill Lynch Sterling Non-Gilts Index, returned 15.5% for the year but Henderson High Income […]
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17 Mar 2017 3 min read
Threadneedle UK Select proposes merger with Henderson High Income Trust
The boards of Threadneedle UK Select Trust (UKT) and Henderson High Income Trust (HHI) have both made announcements regarding proposals to wind up Threadneedle UK Select Trustand roll-over into Henderson High Income Trust. Threadneedle UK Select faces a continuation vote at its forthcoming AGM and its Board says that it has been reviewing the options […]
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17 Aug 2016 2 min read
Threadneedle UK Select caught out by mining rally
In the six month period ended 30 June 2016, Threadneedle UK Select’s net asset value total return was 1.4%, compared with the 4.3 % total return from the FTSE All-Share Index, the benchmark against which the Investment Manager’s performance is measured. Earnings per share for the half year amounted to 4.16p (30 June 2015: 8.21p). The Board […]
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29 Jul 2016 1 min read
Henderson High Income confident of maintaining dividend for now
Henderson High Income says, during the challenging six months to 30 June 2016, the Company delivered a net asset value total return of -0.65%, underperforming the benchmark total return of 4.87% for the same period. The premium at which the Company’s shares traded to their net asset value narrowed and fell to a discount of […]
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19 Apr 2016 1 min read
Widening discount lets down Threadneedle UK Select
Threadneedle UK Select Trust’s net asset value total return was 5.7% for 2015, which compares favourably with the 1.0% total return from the FTSE All-Share Index, the benchmark against which the investment manager’s performance is measured. During the year under review, the share price decreased by 2.9% from 171.5p to 166.5p and the discount at which the […]
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16 Mar 2016 2 min read
Henderson High Income impresses in 2015
Henderson High Income generated an NAV return of 7.6% over the year ended 31 December 2015 while its benchmark, 80% of the FTSE All-Share Index (total return) and 20% of the Merrill Lynch Sterling Non-Gilts Index (total return), returned 0.9%. The return to shareholders was 6.6%. The dividend was increased from 8.6p to 8.9p. This […]
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14 Aug 2015 1 min read
Threadneedle UK Select outperforms rising UK market in H1
Threadneedle UK Select beat the FTSE All-Share index over the first half of 2015 delivering a total return on net assets of 4.5% against 3% for the index. The discount narrowed slightly from 6.5% to 6.2%. The dividend was upped from 1.85p to 1.9p. The investment manager says Crest Nicholson climbed after delivering an encouraging […]
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30 Jun 2015 1 min read
Henderson High Income borrows £20m
Henderson High Income has decided that it wants to take advantage of the low interest rate environment by issuing £20m of fixed rate notes. These have a 19 year life and pay a coupon fixed at 3.67%. The funding date is 8 July 2015 with interest payable semi-annually in arrears. The principal repayment date will be 8 […]
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22 Apr 2015 1 min read
Threadneedle UK Select let down by widening discount
Threadneedle UK Select Trust has published its results for the year ended 31 December 2014. The fund managed to beat the FTSE All-Share Index over the year – generating a return on net assets of 3.5% vs. 1.2% for the benchmark. The dividend was upped from 4.25p to 4.35p. However the discount widened as the […]
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19 Mar 2015 2 min read
Henderson High Income outperforms, cuts fees
Henderson High Income’s results for the year that finished on 31 December 2014 are quite good. The total return on net assets was 7.5% and the return to shareholders was 8.1%. these figures compare to a return on their benchmark, a composite of 80% of the FTSE All-Share Index (total return) and 20% of the […]
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30 Jul 2014 1 min read
Henderson High Income : HHI – interims
Henderson High Income generated a net asset value total return of 3.6% over the first half of 2014 – 2% ahead of the 1.6% return delivered by the FTSE All-Share Index and ahead of the fund’s benchmark which returned 2.3%. The dividend for the first half was 4.25p as compared to 4.15p for the equivalent […]
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18 Mar 2014 1 min read
Henderson High Income : HHI – final results
Henderson High income has announced figures for the year ended 31 December 2013. over the year the net asset value generated a total return of 30.7% – much better than the 16.8% return on HHI’s benchmark. revenue rose by 8.1%, allowing them to increase the quarterly dividend to 2.15p per share.
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02 Jan 2014 1 min read
Henderson High Income : HHI appoints co-manager
David Smith has been appointed co-manager of Henderson High Income – to work alongside Alex Crooke. David has worked for Henderson Global Investors for the past 11 years and has been a fund manager since 2008.
Upcoming Events
In The Press
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27 Apr 2020 2 min read
Gearing levels were ‘modest’ heading into market sell-off
Investment trust gearing levels were ‘modest’ heading into market sell-off Data shows that ahead of the sell-off most investment trusts had ‘modest’ gearing levels, so losses were not as heavy as they otherwise could have been. Money Observer April 23, 2020 by Kyle Caldwell The use of gearing to enhance returns over the long term is a key […]
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17 Feb 2020 2 min read
What’s the catch with investment trusts yielding above 5%?
What’s the catch with investment trusts yielding above 5%? We explain how certain trusts can generate a high yield and pick two to buy By Tom Sieber, Shares Magazine, 13 Feb 2020 Little is more satisfying in investing than receiving a dividend payment from one of your holdings and investment trusts have an excellent track […]