Henderson High Income adds performance charge

The Henderson High Income Trust last month introduced a performance fee element to its charging structure. The introduction of the fee has led to a fall in the trust's basic management charge of 0.6% of total assets to 0.5%. The performance fee will be capped at 1.5% per year, rising 0.15% for every 1% outperformance of its benchmark on a sliding scale. The trust's benchmark comprises 75% of the return on the FTSE All-Share and 25% of the FTSE A Government All Stocks Index. Performance will be measured on a three-year rolling basis, so the fee will be calculated as at 31 December ...