UPDATE (Oct 2026): HHI returned +9.4% versus +7.9% for its benchmark in the year to December 2024, followed by +20.4% versus +20.6% to December 2025, and +6.3% versus +6.0% in the six months to June 2026. The management fee was cut to a flat 0.45% of gross assets from the start of 2025 and then to 0.45% of net assets from the start of 2026.

Henderson High Income (HHI) was launched in 1989 as TR High Income. It was first managed by Job Curtis, the long-time manager of City of London (CTY), and later by Alex Crooke, the 20-year veteran of Bankers (BNKR). Since 2015, HHI has been managed by Davi...