money-2724241

Henderson International Income Trust

LN: HINT

£294m market cap

150p last close

Henderson International Income Trust (HINT) seeks to provide shareholders with a growing total annual dividend, as well as capital appreciation, by investing in a focused and internationally diversified portfolio of c 60–80 stocks that are either listed in, registered in, or whose principal business is in countries that are outside the UK. The portfolio will be made up of shares and fixed interest assets (maximum 25%) that are diversified by factors such as geography, industry and investment size.

Investment summary

Henderson International Income Trust (HINT) aims to provide UK-based investors with a unique, diversified source of income by investing in overseas markets. It is the only global equity income investment trust to totally exclude the UK market, which has high dividend concentration compared to global markets (see chart below). The manager, Ben Lofthouse, adopts a value-driven approach that targets fundamentally good businesses, with high barriers to entry, sustainable cash flows, solid growth prospects and scope to deliver rising returns over time. The manager has recently purchased some (mainly) investment-grade bonds to further diversify HINT’s income sources. The trust has an established track record of rising income delivery and solid total returns over the longer term. It has also outperformed the UK market since inception.

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Share price graph
Price performance
%
1m
3m
12m
Actual 2.7 2.0 (8.3)
Relative* 3.8 4.6 9.3
52-week high/low 177.0p/104.0p
*% relative to local index
Key management
Wendy King Chairman
Ben Lofthouse Fund manager
Mike Wilson Head of Investment Trust Sales

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