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Henderson Diversified Income Trust Plc Investment Trust For promotional purposes HENDERSON DIVERSIFIED INCOME TRUST PLC www.hendersondiversifiedincome.com Fund facts at 31 August 2021 Company objective NAV and Share Price Performance (total return) Dividend history (pence/share)* The Trust seeks income and capital 12 growth such that the total return on the 130 net asset value of the Company exceeds 10 the average return on a rolling annual 120 basis of three month sterling LIBOR plus 8 2 per cent. 110 The Trust invests in a diversified portfolio of global assets including secured loans, 6 government bonds, high yield (sub- 100 investment grade) corporate bonds, 4 unrated corporate bonds, investment 90 grade corporate bonds and asset 2 backed securities. The Company may 80 also invest in high yielding equities and 2016 2018 2019 2009 2010 2013 2015 2008 2011 2012 2014 2020 Aug Aug Aug Aug 0 2021 derivatives. 18 19 20 21 The Trust may use derivatives to achieve Price (rebased) its investment objective, to reduce risk or NAV (cum income) Income to be managed more effectively. The Sterling Libor target** Company may also employ financial *In the 2008 financial year, five interim dividends were paid over a 15 month period totalling gearing for efficient portfolio 9.65p. In the 18 month period to 30 April 2018, the payments comprised of two dividends totalling 2.5p from Henderson Diversified Income Limited and four interest distributions management purposes and to enhance totalling 4.55p from Henderson Diversified Income Trust plc. Please note that the chart investment returns. includes payments that have been declared but not yet paid. The latest Annual Report and Key Information Document set out the Discount/premium (%) with average line (cum income) investment objective and policy in full and you should read them before 10 investing. 5 All historical performance data in this 0 factsheet prior to 27 April 2017 refers to -5 the previous company, Henderson -10 Diversified Income Limited. -15 **From incorporation until 31 October -20 2014, Sterling Libor +1.25%. With effect Aug Apr Nov Jun Jan Aug from 1 November 2014 Sterling Libor 18 19 19 20 21 21 +2.0%. For commentary from our fund managers please visit our website. Cumulative performance (cum income) (%) Annual performance (cum income) (%) NAV (cum income) 93.8p Performance over 10y 5y 3y 1y 6m Discrete year performance Share NAV Share price (Total Return) 84.3 19.8 16.7 5.0 -0.3 % change (updated quarterly) Price NAV (ex income) 92.2p Net Asset Value (Total Return) 108.1 31.9 25.8 7.3 4.5 30/06/2020 to 30/06/2021 7.2 10.6 Share price 88.0p 28/06/2019 to 30/06/2020 -6.1 4.6 29/06/2018 to 28/06/2019 14.0 9.2 Discount(-)/premium(+) -6.1% 30/06/2017 to 29/06/2018 -3.0 -1.6 Yield 5.00% 30/06/2016 to 30/06/2017 13.2 10.3 The Company’s performance is not benchmarked against any specific stock market index. Net gearing 14% All performance, cumulative growth and annual growth data is sourced from Morningstar. Net cash - Top 10 holdings (%) Derivatives breakdown (%) Sector breakdown (%) Nationwide Building Society 2.5 CDS Long Risk 15.3 Total assets £210m 80 Phoenix Group 6.625% 2025 2.2 CDS Short Risk - Net assets £178m IQVIA 5.00% 2026 2.0 CDS Net Risk 15.3 60 Co-operative Group 2011 7.50% 2026 2.0 NET Interest Rate Futures - Market capitalisation £167m CSC 5.75% 2030 1.6 Total Synthetic 15.3 40 Stichting AK Rabobank Certificaten 20 Shares in issue 189,590,475 2.1878% 2170 1.6 Altice France 5.50% 2028 1.5 Net gearing is the sum of bank borrowings 0 Total number of holdings 216 Virgin Media Secured Finance 4.125% less cash. Total net gearing, being the sum of net 2030 1.5 gearing and synthetic gearing, is 29.3%. Loans Ongoing charges 0.93% Crown Castle International 3.65% 2027 1.4 (year end 30/04/2021) Service Corp International 4.625% 2027 1.4 Preference Shares Source: BNP Paribas for holdings High Yield Corporate Bonds information and Morningstar for all Investment Grade Corporate Bonds other data. Differences in calculation may occur due to the methodology used. Customer services 0800 832 832 www.hendersondiversifiedincome.com Please remember that past performance is not a guide to future performance. The value of an investment and the income from it can rise as well as fall as a result of market and currency fluctuations, and you may not get back the amount originally invested. Investment Trust For promotional purposes HENDERSON DIVERSIFIED INCOME TRUST PLC www.hendersondiversifiedincome.com Company information Glossary Stock code HDIV NAV (Cum Income) The value of investments and cash, including Gearing The effect of borrowing money for investment AIC sector Debt- Loans & Bonds current year revenue, less liabilities (prior charges such as purposes (financial gearing). The amount a company can loans, debenture stock and preference shares at fair value). “gear” is the amount it can borrow in order to invest. Gearing Benchmark n/a NAV (Ex Income) The value of investments and cash, excluding is used in the expectation that the returns on the investments Company type Conventional current year revenue, less liabilities (prior charges such as bought will exceed the costs of the borrowings that funded (Ords) loans, debenture stock and preference shares at fair value). the purchase. This Company can also use synthetic gearing Launch date 2017 Share price Closing mid-market share price at month end. through derivatives and foreign exchange hedging and/or (of the current UK domiciled company) Discount/premium The amount by which the price per share of other non-fully funded instruments or techniques. Financial year end 30 Apr an investment trust is either lower (at a discount) or higher Leverage The Trust’s leverage is the sum of financial gearing (at a premium) than the net asset value per share (cum and synthetic gearing. Details of the Trust’s leverage limits Dividend payment March, June, income), expressed as a percentage of the net asset value can be found in both the Key Information Document and September, per share. Annual Report. Where a trust utilises leverage, the profits December Total assets Cum Income NAV multiplied by the number of and losses incurred by the trust can be greater than those Risk rating Below average shares, plus prior charges at fair value. of a trust that does not use leverage. (Source: Numis) Net assets Total assets minus any liabilities such as bank loans Net cash A company’s net exposure to cash/cash equivalents Management fee 0.65% or creditors. expressed as a percentage of shareholders’ funds, after any Market capitalisation Month end closing mid-market share price offset against its gearing. This is only shown for companies Performance fee No multiplied by the number of shares outstanding at month that have gearing in place. (See Annual Report & Key Information Document for end. Net gearing A company’s total assets (less cash/cash more information) Share price total return The theoretical total return to the investor equivalents) divided by shareholders’ funds expressed as a Regional focus Global assuming that all dividends received were reinvested in the percentage. Fund manager shares of the company at the time the shares were quoted Risk rating The key measure used to assess risk is volatility of appointment 2017 ex-dividend. Transaction costs are not taken into account. returns, using historic net asset value (NAV) performance of (of the current UK domiciled company) Net asset value total return The theoretical total return on the trust over 1 and 3 years. In this instance volatility shareholders' funds per share reflecting the change in Net measures how much a trust’s NAV fluctuates over time in Asset Value (NAV) assuming that dividends paid to relation to the UK Equity market. The higher a volatility figure, shareholders were reinvested at NAV at the time the shares the more the NAV has fluctuated (both up and down) over were quoted ex-dividend. A way of measuring investment time. Please note that risk categorisations are indicative and management performance of investment trusts which is not based principally on historic data and should not be solely affected by movements in discounts/premiums. relied upon when making investment decisions. Yield Calculated by dividing the current financial year's For a full list of terminology please visit; dividends per share (this will include prospective dividends) www.janushendersoninvestmenttrusts.com by the current price per share, then multiplying by 100 to arrive at a percentage figure. Fund manager Ongoing charges The total expenses for the financial year Jenna Barnard (excluding performance fee), divided by the average daily net assets, multiplied by 100. Specific risks • Not all the investments in this portfolio are made in Sterling, so exchange rates could affect the value of and income from your investment. • If a fund is a specialist country-specific or geographic regional fund, the investment carries greater risk than a more internationally diversified portfolio. • Higher-yielding bonds are issued by companies that may have greater difficulty in repaying their financial obligations. High Fund manager yield bonds are not traded as frequently as government bonds and therefore may be more difficult to trade in distressed John Pattullo markets. How to invest To find out more visit www.janushendersoninvestmenttrusts.com Other documents available online To see the Annual Report, KID and to watch the latest fund manager commentary, visit www.hendersondiversifiedincome.com Customer services 0800 832 832 www.hendersondiversifiedincome.com © Copyright 2021 Morningstar. All rights reserved.
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