Trustnet Magazine 89 November 2022 | Page 45

exposure to UK equities whilst ensuring that they reduce single stock / market risk ? For us the answer is simple , through the Henderson International Income Trust ( HINT ).
HINT HINT was launched in 2011 in response to the increase in concentration of UK dividends in a narrow selection of stocks and sectors . Though we expected this to improve over time as companies recovered from the financial crisis , the pandemic has been an unfortunate reminder that the concentration still remains . HINT ’ s objective is to generate a high and growing dividend from a globally diversified portfolio of non-UK securities . The investment trust is specifically designed as a complementary fund for UK incomedriven investors wishing to diversify their portfolios outside the UK . In fact , we are the only investment trust in the Global Equity Income sector to invest solely in companies listed or operating mainly in countries outside the UK . We invest across three regions / sleeves : Europe , Asia Pacific and North America , to tap into a diversified spread of dividends across the globe . This allows UK investors to truly diversify their income , whilst also taking advantage of the fact that global equity dividends are much less concentrated than dividends for the top-paying UK companies . We are currently invested in circa 67 holdings across 20 countries and only 33 % of income comes from our 10 largest payers 4 . It ’ s a strategy that has served us well . HINT has a strong record of dividend growth : it has grown its
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