Title: 242384035.pdf URL Source: https://documentscdn.financialexpress.net/Literature/1FCCF7EF8B0AE015A03EA07DDDD3A1A3/242384035.pdf Number of Pages: 5 Markdown Content: # HENDERSON FAR EAST INCOME LIMITED (HFEL) ISIN: JE00B1GXH751 Factsheet - at 30 April 2026 Marketing Communication # Share price performance # (total return) 50 70 90 110 130 Apr 21 Apr 22 Apr 23 Apr 24 Apr 25 Apr 26 Price (rebased) NAV (cum income) Performance over (%) 1m 3m 6m 1y 3y 5y 10y Share price (Total return) 6.1 6.8 10.6 39.8 41.6 28.6 105.0 NAV (Total return) 6.3 5.0 9.0 36.8 39.7 24.9 94.4 Discrete year performance (%) Share price (total return) NAV (total return) 31/3/2025 to 31/3/2026 28.6 25.7 31/3/2024 to 31/3/2025 7.6 1.2 31/3/2023 to 31/3/2024 -5.0 0.9 31/3/2022 to 31/3/2023 -3.9 -8.0 31/3/2021 to 31/3/2022 -2.4 2.6 n/a n/a n/a Source: at 30/04/26. © 2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not predict future returns. All performance, cumulative growth and annual growth data is sourc ed from Morningstar. Find out more Go to www.hendersonfareastincome.com How to invest Go to www.janushenderson.com/howtoinvest Please remember that past performance does not predict future returns. 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 . Please refer to the glossary for the definition of share price total return. Please note that this chart could include dividends that have been declared but not yet paid. 0.0 5.0 # Dividend history (pence/share) 30.0 25.0 20.0 15.0 10.0 07 09 11 13 15 17 19 21 23 25 Income # Company overview Objective The Company seeks to provide shareholders with a growing total annual dividend per share, as well as capital appreciation, from a diversified portfolio of investments from the Asia Pacific region. Highlights A portfolio of value orientated Asia Pacific equities with a focus on cash flow generation from companies with the ability to sustain and grow dividends. # Company information NAV (cum income) 243.9p NAV (ex income) 242.8p Share price 257.0p Discount( -)/premium(+) 5.4% Yield 9.7% Net gearing 11% Net cash - Total assets Net assets £562m £506m Market capitalisation £533m Total voting rights 207,279,679 Total number of holdings 72 Ongoing charges (year end 31 Aug 2025) 1.12% Benchmark - Source: BNP Paribas for holdings information and Morningstar for all other data. Differences in calculation may occur due to the methodology used. Please note that the total voting rights in the Company do not include shares held in Treasury. Key information Stock code HFEL AIC sector AIC Asia Pacific Equity Income Benchmark - Company type Conventional (Ords) Launch date 2006 Financial year 31 -Aug Dividend payment May, August, November, February Management fee 0.75% of net assets pa Performance fee No (See Annual Report & Key Information Document for more information) Regional focus Asia Pacific ex Japan Fund manager appointment Sat Duhra 2019 Sat Duhra Portfolio Manager Customer services 0800 832 832 How to invest Go to www.janushenderson.com/howtoinvest # HENDERSON FAR EAST INCOME LIMITED (HFEL) ISIN: JE00B1GXH751 Factsheet - at 30 April 2026 Marketing Communication # Top 10 holdings (%) Taiwan Semiconductor Manufacturing 4.7 MediaTek 4.0 Samsung Electronics 3.7 Oversea -Chinese Banking 3.1 Industrial Bank of Korea 2.9 Midea Group 2.7 SK hynix 2.7 HKT Trust & HKT 2.6 Alibaba Group 2.6 Bank Mandiri Persero 2.5 References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its emplo yees, may have a position in the securities mentioned. # Sector breakdown (%) ##  Financials 33.2% ##  Information Technology 20.6% ##  Consumer Discretionary 11.5% ##  Communication Services 8.9% ##  Real Estate 8.2% ##  Industrials 8.2% ##  Energy 4.3% ##  Materials 2.2% ##  Utilities 1.8% ##  Consumer Staples 1.1% The above sector breakdown may not add up to 100% due to rounding. # 10 year total return of £1,000 All performance, cumulative growth and annual growth data is sourced from Morningstar. Share price total return is calculated using mid -market share price with dividends reinvested. 0 500 1,000 1,500 2,000 2,500 Apr 16 Apr 18 Apr 20 Apr 22 Apr 24 Apr 26 Share price total return # Geographical focus (%) #  Hong Kong 24.8% #  South Korea 19.7% #  Taiwan 16.2% #  Singapore 9.9% #  Indonesia 7.1% #  Thailand 7.0% #  China 6.1% #  Australia 5.8% #  United Kingdom 3.3% The above geographical breakdown may not add up to 100% as this only shows the top 10. # Premium/(discount) of share price # to NAV at fair value (%) -6 -4 -2 0 2 4 6 Apr 23 Please remember that past performance does not predict future returns. The value of an investment and the income from it can rise as well as fall as a result of market and currency fluctua tions, and you may not get back the amount originally invested. Please refer to the glossary for the definition of share pric e total return. Apr 24 Apr 25 Apr 26 HENDERSON FAR EAST INCOME LIMITED (HFEL) ISIN: JE00B1GXH751 Factsheet - at 30 April 2026 Marketing Communication # Fund Manager commentary Investment environment Asian equities rose sharply in April, led by soaring chipmaker stocks and improved sentiment towards geopolitical risks. In particular, South Korean equities surged and, to a lesser extent, Taiwanese equities also rose, spurred by large gains in the shares of key technology firms. Both markets also benefited from stronger -than -expected first -quarter GDP growth, driven by continued demand for artificial intelligence (AI) -related infrastructure. Chinese equities rose over the period but underperformed the reg ional index. The gains, which made up for the falls seen in March, were driven by improved investor sentiment towards geopolitical risks and AI -related stocks. First -quarter economic expansion of 5.0% year on year in China was higher than anticipated. Infl ation was slightly weaker than predicted in March, while producer prices increased for the first time in more than three years. Indian equities rose, partly recovering from March ’s steep falls. However, the rise in oil prices and further weakness in the In dian rupee clouded the economic outlook. Australian shares rose, with the strength of the Australian dollar boosting returns in sterling and US dollar terms. Inflation picked up in March, which underpinned expectations that the Reserve Bank of Australia ma y announce another interest -rate hike in May. Portfolio review The portfolio has a bias towards value -style stocks and income. Therefore, the key detractors included the underweight positions in heavyweight constituent stocks such as Samsung Electronics, SK Hynix and Taiwan Semiconductor Manufacturing Company (TSMC). Their share prices rose to all -time highs and continued to be supported by strong earnings momentum, with all three companies announcing record first -quarter earnings. These losses were parti ally offset by our high -conviction position in Samsung Electronics preference shares, which were trading at a significant discount to the ordinary shares while paying a high dividend. Other substantial overweight positions relative to the benchmark that pe rformed well were chip designer MediaTek and contract chipmaker United Microelectronics Corp (UMC). Shares in both companies reached record levels in April amid renewed enthusiasm around AI -related investment, which underpinned the broad -based rally in the semiconductor sector. During the month, we exited the positions in Bank Negara Indonesia (BNI) and FinVolution Group. Manager outlook Asian investors have faced several exogenous risks in recent years, with conflict in the Middle East the most recent po tential shock. However, the growth drivers of these markets are broad based and have already demonstrated resilience in uncertain times. They stretch across technology, financials, infrastructure, consumer and wide -ranging corporate reform. Asia has a uniq ue position as a hub for technology supply chains, given the region ’s comparative advantage in hardware and semiconductor manufacturing. There are also opportunities for financials, with millions of consumers being brought into the banking system, accelera ted by digital roll -outs. Infrastructure spending has continued to benefit from significant power demand boosted by AI. In addition, widespread corporate reform in South Korea, China and Singapore has been enhancing shareholder returns. We believe these tr ends, in combination with faster -than - expected dividend growth, may offer a compelling and unique opportunity for investors. While there are signs of significant uncertainty ahead, we think these investment themes will stand the test of time. This could bo de well for investors seeking high income against the backdrop of structural growth in the region. > References made to individual securities do not constitute a recommendation to > buy, sell or hold any security, investment strategy or market sector, and sh ould not > be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or > its employees, may have a position in the securities mentioned. # HENDERSON FAR EAST INCOME LIMITED (HFEL) ISIN: JE00B1GXH751 Factsheet - at 30 April 2026 Marketing Communication # Glossary Discount/Premium The amount by which the price per share of an investment company 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. Gearing The effect of bo rrowing 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 Company ’s leverage is the sum of financial gearing and synthetic gearing. Details of the Company ’s leverage limits can be found in both the Key Information Document and Annual Report. Where a company utilises leverage, the profits and losses incurred by the company can be greater than those of a company that does not us e leverage. Market capitalisation Share price multiplied by the number of shares in issue, excluding treasury shares, at month end. Shares typically priced mid -market at month -end closing. Net Asset Value (NAV) The total value of a Company's assets less its liabilities. 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). NAV total return The theoretical total return on shareholders' funds pe r 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 no t affected by movements in discounts/premiums. Net assets Total assets minus any liabilities such as bank loans or creditors. 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 equ ivalents) divided by shareholders ’ funds expressed as a percentage. Ongoing charges The total expenses for the financial year (excluding performance fee), divided by the average daily net assets, multiplied by 100. Share price Closing mid -market share pr ice 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. Total assets Cum Income NAV multiplied by the number of shares, plus prior charges at fair value. Yield Calculated by dividing the current financial year's dividends per share (this will include prospective dividends) by the current price per sh are, then multiplying by 100 to arrive at a percentage figure. For a full list of terms please visit: https://www.janushenderson.com/en - gb/investor/glossary/ HENDERSON FAR EAST INCOME LIMITED (HFEL) ISIN: JE00B1GXH751 Factsheet - at 30 April 2026 Marketing Communication Source for fund ratings/awards Overall Morningstar Rating™ is shown for an investment company achieving a rating of 4 or 5. Company specific risks - Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your i nvestment may fall as a result. - Active management techniques that have worked well in normal market conditions could prove ineff ective or negative for performance at other times. - The Company has significant exposure to Emerging Markets, which tend to be less stable than more established markets. These m arkets can be affected by local political and economic conditions as well as variances in the reliability of trading systems, buyin g and selling practices, and financial reporting standards. - A persistent reduction in dividend income from investee companies could adversely affect the Company’s ability to maintain it s record of pa ying a growing dividend each year. - This Company is suitable to be used as one component of several within a diversified investment portfolio. Investors should c onsider carefully the proportion of their portfolio invested in this Company. - The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to th e Company. - The return on your investment is directly related to the prevailing market price of the Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result, losses (or gains) may be higher or lower than those of the Company's assets. - If a Company's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio that is diversified across more countries. - The p ortfolio allows the manager to use options for efficient portfolio management. Options can be volatile and may result in a ca pital loss. - Where the Company invests in assets that are denominated in currencies other than the base currency, the currency ex change rate movements may cause the value of investments to fall as well as rise. - The Company may use gearing (borrowing to invest) as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incurred by the C ompany can be greater than those of a Company that does not use gearing. - All or part of the Company's management fee is taken from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yoursel f as to its suitability and the risks involved, you may wish to consult a financial adviser. This is a marketing communicatio n. Ple ase refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions. Past pe rformance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may n ot get back the amount originally invested. Tax assumptions and reliefs depend upon an investor’s particular circumstances an d may change if those circumstances or the law change. Nothing in this document is intended to or should be construed as advice. Th is document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. We may record telephone calls for our mutual protection, to improve customer service and for regulator y record keeping purposes. Issued in the UK by Janus Henderson Investors, the appointed Investment Manager. Janus Henderson Investors is the name under which investment products and services are provided by Janus Henderson Investors International Limited ( reg no. 3594615), Janus Henderson Investors UK Limited (reg. no. 906355), Janus Henderson Fund Management UK Limited (reg. no. 2678531), Tabula Inves tment Management Limited (reg. no. 11286661), (each registered in England and Wales at 201 Bishopsgate, Lon don EC2M 3AE and regulated by the Financial Conduct Authority) and Janus Henderson Investors Europe S.A. (reg no. B22848 at 78, Avenue de la L iberté, L -1930 Luxembourg, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier). Janus Henderson® and any other trademarks used herein are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Jan us Henderson Group plc. Henderson Far East Income Limited (the 'Company'), is a Jersey domiciled closed -ended investment company (a 'Fund'), with registered offices at IFC1, The Esplanade, St Helier, Jersey, JE1 4BP. The fund is regulated by the Jersey F inancial Services Commission.