Henderson High Income Trust (LSE:HHI) reported a net asset value total return of 6.3% for the first half of 2026, marginally ahead of its benchmark, while its share price total return was 8.7%.
The difference between the two returns reflected a narrowing of the trust’s discount to net asset value during the period. Net assets stood at £351.8 million, while the dividend yield was 5.6% and gearing remained broadly stable.
The portfolio continued to have a higher allocation to equities than bonds. Holdings including Schroders, DCC Energy, Texas Instruments and Engie contributed positively to performance, while Dunelm, Michael Page and Imperial Brands detracted.
The board said it remained confident in the trust’s income prospects. Henderson High Income Trust also announced plans for a change of chair in 2027 and confirmed the appointment of Andrew Jones as deputy fund manager.
The trust cited geopolitical developments, conditions affecting UK housebuilders and increased takeover activity involving UK-listed companies among factors affecting the investment environment during the period.
More about Henderson High Income Trust PLC
Henderson High Income Trust PLC is a UK-listed investment trust investing in a portfolio of equities and fixed-income securities with the objective of generating dividend income alongside capital growth.
The portfolio typically has approximately 90% of its assets invested in UK and overseas equities and around 10% in fixed income.
The trust is managed by Janus Henderson and uses a composite benchmark comprising 80% of the FTSE All-Share Index and 20% of the ICE BofA Sterling Non-Gilts Index. It also uses gearing as part of its investment strategy.
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