Henderson Far East Income Limited/Announcement

Monthly Fact Sheet as at 30 September 2017

General23 October 2017HFLFinancials

Investment
Trust
HENDERSON FAR EAST INCOME
LIMITED
www.hendersonfareastincome.com
Fund facts at 30 September 2017
Company objective
Henderson Far East Income
Limited seeks to provide a high level
of dividends, as well as capital
appreciation over the long term,
from a diversified portfolio of
investments traded on the Pacific,
Australasian, Japanese and Indian
stock markets (the "Asia Pacific
region"). The latest Annual Report
and Key Investor Information
Document set out the investment
objective and policy in full and you
should read them before investing.
For commentary from our fund
manager please visit our website.
NAV (cum income)
360.2p
NAV (ex income)
352.9p
Share price
363.3p
Discount(-)/premium(+)
+0.9%
Yield
5.67%
Net gearing
4%
Net cash
-
Total assets
£450m
Net assets
£427m
Market capitalisation
£430m
Shares in issue
118,485,564
Total number of holdings
52
Ongoing charges
1.17%
(year end 31/08/2016)
Source: BNP Paribas for holdings
information and Morningstar for all
other data. Differences in calculation
may occur due to the methodology
used.
Customer services
0800 832 832
Share price performance (total return)
80
100
120
140
160
180
Sep
12
Sep
13
Sep
14
Sep
15
Sep
16
Sep
17
Price (rebased)
Dividend history (pence/share)
0
5
10
15
20
25
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Income
Please note that this chart could include dividends that have been declared but not yet paid.
Discount/premium (%) with average line (cum income)
-10
-8
-6
-4
-2
0
2
4
6
Sep
14
May
15
Dec
15
Jul
16
Feb
17
Sep
17
Cumulative performance (cum income) (%)
Performance over10y5y3y1y6m
Share price (Total Return)
132.562.234.712.64.5
Net Asset Value (Total Return)n/a58.738.311.13.2
Peer Group Rankingn/a2/32/33/33/3
The Company’s performance is not benchmarked against any specific stock market index.
Peer group rankings are based on Asian income companies only.
Annual performance (cum income) (%)
Discrete year performance
% change (updated quarterly)
PriceNAV
30/09/2016 to 29/09/201712.611.1
30/09/2015 to 30/09/201636.036.2
30/09/2014 to 30/09/2015-12.0-8.6
30/09/2013 to 30/09/20146.34.7
28/09/2012 to 30/09/201313.39.6
All performance, cumulative growth and annual growth data is sourced from Morningstar.
Top 10 holdings(%)
Samsung Electronics 5.1
Taiwan Semiconductor Manufacturing 2.7
Star Petroleum Refining 2.6
Telekomunikasi Indonesia Persero 2.6
Bank of China 2.5
Hon Hai Precision Industry 2.5
Macquarie Korea Infrastructure Fund 2.4
Advanced Semiconductor Engineering 2.4
LendLease Group 2.4
China Yangtze Power 2.4
Geographical focus (%)
China26.5
Australia17.5
Taiwan16.6
South Korea13.9
Hong Kong6.7
Thailand6.3
Singapore5.9
Indonesia2.6
New Zealand2.2
United Kingdom1.8
Sector breakdown (%)
0
5
10
15
20
25
30
35
40
Financials
Consumer Goods
Technology
Telecommunications
Industrials
Oil & Gas
Consumer Services
Basic Materials
Utilities
www.hendersonfareastincome.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
HENDERSON FAR EAST INCOME
LIMITED
www.hendersonfareastincome.com
Company information
EPIC code
HFEL
AIC sector
Asia Pacific -
Excluding Japan
Benchmark
n/a
Company type
Conventional
(Ords)
Launch date
2006 (of the
current Jersey
domiciled
company)
Financial year end
31 Aug
Dividend payment
May, August,
November,
February
Risk rating
Slightly above
average
(Source: Numis)
Management fee
0.9%
Performance fee
No
(See Annual Report & Key Investor
Information Document for more information)
Regional focus
Asia Pacific – ex
Japan
Fund manager
appointment
2007
Fund manager
Michael Kerley
www.twitter.com/hgitrusts
Customer services
0800 832 832
Glossary
NAV (Cum Income) The value of investments and cash, including
current year revenue, less liabilities (prior charges such as
loans, debenture stock and preference shares at fair value).
NAV (Ex Income)
The value of investments and cash, excluding
current year revenue, less liabilities (prior charges such as
loans, debenture stock and preference shares at fair value).
Share price Closing mid-market share price at month end.
Discount/premium
The amount by which the price per share of
an investment trust is either lower (at a discount) or higher
(at a premium) than the net asset value per share (cum
income), expressed as a percentage of the net asset value
per share.
Total assets
Cum Income NAV multiplied by the number of
shares, plus prior charges at fair value.
Net assets
Total assets minus any liabilities such as bank loans
or creditors.
Market capitalisation
Month end closing mid-market share price
multiplied by the number of shares outstanding at month
end.
Share price total return
The theoretical total return to the investor
assuming that all dividends received were reinvested in the
shares of the company at the time the shares were quoted
ex-dividend. Transaction costs are not taken into account.
Net asset value total return
The theoretical total return on
shareholders' funds per share reflecting the change in Net
Asset Value (NAV) assuming that dividends paid to
shareholders were reinvested at NAV at the time the shares
were quoted ex-dividend. A way of measuring investment
management performance of investment trusts which is not
affected by movements in discounts/premiums.
Yield Calculated by dividing the current financial year's
dividends per share (this will include prospective dividends)
by the current price per share, then multiplying by 100 to
arrive at a percentage figure.
Ongoing charges The total expenses for the financial year
(excluding performance fee), divided by the average daily
net assets, multiplied by 100.
Gearing The effect of borrowing money for investment
purposes (financial gearing). The amount a company can
“gear” is the amount it can borrow in order to invest. Gearing
is used in the expectation that the returns on the investments
bought will exceed the costs of the borrowings that funded
the purchase. This Company can also use synthetic gearing
through derivatives and foreign exchange hedging and/or
other non-fully funded instruments or techniques.
Leverage The Trust’s leverage is the sum of financial gearing
and synthetic gearing. Details of the Trust’s leverage limits
can be found in both the Key Investor Information Document
and Annual Report. Where a trust utilises leverage, the
profits and losses incurred by the trust can be greater than
those of a trust that does not use leverage.
Net cash
A company’s net exposure to cash/cash equivalents
expressed as a percentage of shareholders’ funds, after any
offset against its gearing. This is only shown for companies
that have gearing in place.
Net gearing
A company’s total assets (less cash/cash
equivalents) divided by shareholders’ funds expressed as a
percentage.
Risk rating
The key measure used to assess risk is volatility of
returns, using historic net asset value (NAV) performance of
the trust over 1 and 3 years. In this instance volatility
measures how much a trust’s NAV fluctuates over time in
relation to the UK Equity market. The higher a volatility figure,
the more the NAV has fluctuated (both up and down) over
time. Please note that risk categorisations are indicative and
based principally on historic data and should not be solely
relied upon when making investment decisions.
For a full list of terminology please visit;
www.hendersoninvestmenttrusts.com
Specific risks
• Most of the investments in this portfolio are not made in Sterling, so exchange rates could affect the value and income
from your investment.
• Asian focused portfolios are exposed to Emerging Markets which tend to be less stable than more established markets
and can be affected by local political and economic conditions, reliability of trading systems, buying and selling practices
and financial reporting standards.
• If a fund is a specialist country-specific or geographic regional fund, the investment carries greater risk than a more
internationally diversified portfolio.
•This portfolio allows the manager to use options for revenue enhancement purposes. Options can be volatile and may result
in a capital loss.
How to invest
To find out more visit www.hendersoninvestmenttrusts.com/invest
Other documents available online
Annual Reporthttp://HGi.co/by6q
Key Investor Information Documentwww.henderson.com/hfelkiid
Fund Manager Commentaryhttp://hgi.co/3vv
Paid for Researchhttp://Hgi.co/7qq
www.hendersonfareastincome.com
All data in this factsheet is as at or to 30 September 2017 unless otherwise stated. Issued in the UK by Janus Henderson Investors.
Janus Henderson Investors is the name under which Janus Capital International Limited (reg no. 3594615), Henderson Global Investors Limited (reg. no. 906355), Henderson Investment Funds Limited (reg.
no. 2678531), Henderson Investment Management Limited (reg. no. 1795354), AlphaGen Capital Limited (reg. no. 962757), Henderson Equity Partners Limited (reg. no.2606646), Gartmore Investment
Limited (reg. no. 1508030), (each incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE) are authorised and regulated by the Financial Conduct
Authority to provide investment products and services. Telephone calls may be recorded and monitored.
© 2017, Janus Henderson Investors. The name Janus Henderson Investors includes HGI Group Limited, Henderson Global Investors (Brand Management) Sarl and Janus International Holding LLC.
Henderson Far East Income Limited] is a Jersey fund, registered at IFC 1, The Esplanade, St Helier, Jersey JE1 4BP and is regulated by the Jersey Financial Services Commission.

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Net Asset Value Net Asset Value

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.