13th May 2014 12:45
HENDERSON GLOBAL TRUST PLC
HENDERSON GLOBAL INVESTORS
13 May 2014
HENDERSON GLOBAL TRUST PLC
Interim Management Statement
Review of the period from 1 February 2014 to 30 April 2014
The Directors of Henderson Global Trust plc hereby announce the following:
MATERIAL EVENTS OR TRANSACTIONS DURING THE PERIOD
Dividends: A fourth interim dividend of 2.5p per ordinary share, in respect of the year ended 31 January 2014, was paid on 1 April 2014 to holders on the register of members on 7 March 2014. The ex-dividend date was 7 March 2014.
The Board has declared a first interim dividend for the year ending 31 January 2015 of 2.5p per share to be paid on 1 July 2014 to shareholders on the register on 30 May 2014. The shares will be marked ex-dividend on 28 May 2014.
Share Capital: 15,000 shares were bought back and placed into treasury during the three month period.
There are no other material events or transactions to report.
PERFORMANCE AND FINANCIAL HIGHLIGHTS
Financial Position
| at 30 April 2014 | at 31 January 2014 |
| (unaudited) £m | (audited) £m |
Investments held at fair value | 158.9 | 152.1 |
Net current assets (including cash) | 0.4 | 1.9 |
| ------- | ------- |
| 159.3 | 154.0 |
3.75% cumulative preference stock | (1.0) | (1.0) |
| ------- | ------- |
Net assets attributable to ordinary shares | 158.3 | 153.0 |
(excluding current year revenue) | ==== | ==== |
Total return performance (including dividends reinvested):
3 months % |
1 year % |
3 years % |
5 years % |
10 years % | |
Net asset value per ordinary share(1) | 4.1 | 3.8 | 16.7 | 74.7 | 149.8 |
Share price | 4.0 | 2.3 | 15.7 | 67.9 | 191.8 |
Benchmark(2) | 3.6 | 6.4 | 26.4 | 90.2 | 125.2 |
(1) Inclusive of current year revenue (2) Compromising 50% FTSE All-Share Index and 50% MSCI World Index ex UK (total return, in sterling terms) to 31 May 2013 and the MSCI All Country World Index (in sterling terms, total return) thereafter.
Average discount for quarter (using NAV excluding revenue) |
9.5% |
Sources: Association of Investment Companies using fair value NAV with income reinvested for 1 and 3 years and capital NAV plus income reinvested for 5 and 10 years / Datastream
THE PORTFOLIO (Source: Henderson)
Sector Breakdown
| % at 30 April 2014 | % at 31 January 2014 |
Financials | 18.6 | 20.5 |
Consumer discretionary | 13.9 | 14.8 |
Consumer staples | 11.0 | 10.1 |
Energy | 9.8 | 9.4 |
Health care | 10.3 | 10.4 |
Materials | 8.0 | 7.4 |
Telecommunication services | 5.3 | 6.3 |
Information technology | 10.6 | 10.6 |
Industrials | 12.5 | 10.5 |
|
|
|
| ------- | ------- |
Total | 100.0 | 100.0 |
| ==== | ==== |
Geographical Analysis
| as at 30 April 2014 % of portfolio | as at 31 January 2014 % of portfolio |
North America | 49.9 | 46.2 |
United Kingdom | 18.1 | 20.8 |
Continental Europe | 14.9 | 14.3 |
Pacific Rim | 11.5 | 11.6 |
Japan | 5.2 | 6.6 |
Other | 0.4 | 0.5 |
|
|
|
| ------- | ------- |
Total | 100.0 | 100.0 |
| ==== | ==== |
Top 10 Investments at 30 April 2014 | % of portfolio |
Novartis | 3.1 |
Macy's | 2.7 |
Crown | 2.6 |
Oracle | 2.5 |
Japan Tobacco | 2.3 |
Borgwarner | 2.3 |
Nestlé | 2.2 |
ANZ Banking | 2.1 |
Western Digital | 2.1 |
Pfizer | 2.1 |
| ------- |
Top 10 = | 24.0 |
Top 10 Investments at 31 January 2014 | % of portfolio |
Novartis | 3.0 |
Macy's | 2.6 |
Japan Tobacco | 2.4 |
Oracle | 2.4 |
Nestlé | 2.3 |
Borgwarner | 2.1 |
Crown Holdings | 2.1 |
HSBC | 2.1 |
Pfizer | 2.1 |
2.0 ------- | |
Top 10 = | 23.1 |
The Objective of Henderson Global Trust plc is long-term capital growth from a concentrated portfolio of international equities with a secondary objective to increase dividends over the longer term.
The Company's Manager is Henderson Global Investors Limited. Further information on the Company, including an up to date NAV and share price information, can be found on the Manager's website at www.hendersonglobaltrust.com
For further information, please contact:
Wouter Volckaert Fund Manager Henderson Global Trust plc Telephone: 020 7818 4049 | James de Sausmarez Director and Head of Investment Trusts Henderson Global Investors Telephone: 020 7818 3349 |
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
Related Shares:
HGL.L