Price & Performance
Hastings Funds Management Limited (Hastings) is pleased to provide details of the performance of the Hastings Income Trust (the Trust) for the half year to 31 December 2009.
Distributions
The distribution for the half year to 31 December 2009 was 4.1191 cents per unit. This represents an annualised cash yield of 8.96 percent for the period to 31 December 2009 based on the 30 June 2009 unit price of 91.97 cents.
The latest Unit Price for HIT can be obtained from the Net Asset Value table below.
Portfolio update
The Trust is solely invested in the Hastings Yield Fund after disposing of its Australian Securities Exchange (ASX) listed hybrid securities in July 2007.
As at 31 December 2009, the Trust comprised the following investments:
| Investment | Type of security | Investment | Portfolio Weighting |
| Units | 27.5 | 99.6 | |
| Cash | Cash | 0.1 | 0.4 |
| Total Investment |
| 27.6 | 100.0 |
Returns
Returns for unitholders in the Trust comprise two components: firstly, the periodic distribution and secondly, the movement in the net asset value of units in the Trust during the return period.
Returns for the half year to 31 December 2009 are as follows:
|
| 6 months | 1 year | 2 years | 3 years | Since Inception (1) |
| Distribution (including tax credits) | 4.48 | 8.38 | 9.39 | 9.40 | 8.62 |
| Movement in NAV of units | 4.35 | 3.61 | (3.08) | (2.53) | (0.65) |
| Total return | 8.83 | 11.99 | 6.31 | 6.87 | 7.97 |
(1) Inception of the Trust was 21 October 2003.
Net Asset Value
The current and historical net asset value (NAV) for units in the Hastings Income Trust are as follows.
DATE | NAV |
| 31 July 10 | $0.9220 |
| 30 June 10 - post distribution | $0.9152 |
| 30 June 10 - pre distribution | $0.9744 |
| 31 May 10 | $0.9817 |
| 30 April 10 | $0.9782 |
| 31 March 10 | $0.9709 |
| 28 February 10 | $0.9686 |
| 31 January 10 | $0.9632 |
| 31 December 09 - post distribution | $0.9597 |
| 31 December 09 - pre distribution | $1.0009 |
| 30 November 09 | $0.9789 |
| 31 October 09 | $0.9664 |
| 30 September 09 | $0.9477 |
| 31 August 09 | $0.9375 |
| 31 July 09 | $0.9313 |
| 30 June 09 - post distribution | $0.9197 |
| 30 June 09 - pre distribution | $0.9554 |
| 31 May 09 | $0.9499 |
| 30 April 09 | $0.9510 |
| 31 March 09 | $0.9416 |
| 28 February 09 | $0.9322 |
| 31 January 09 | $0.9305 |
| 31 December 08 - post distribution | $0.9262 |
| 31 December 08 - pre distribution | $0.9747 |
| 30 November 08 | $0.9824 |
| 31 October 08 | $0.9882 |
| 30 September 08 | $1.0025 |
| 31 August 08 | $1.0033 |
| 31 July 08 | $0.9951 |
| 30 June 08 - post distribution | $0.9931 |
| 30 June 08 - pre distribution | $1.0531 |
| 31 May 08 | $1.0508 |
| 30 April 08 | $1.0433 |
| 31 March 08 | $1.0303 |
| 29 February 08 | $1.0244 |
| 31 January 08 | $1.0212 |
| 31 December 07 - post distribution | $1.0227 |
| 31 December 07 - pre distribution | $1.0768 |
| 30 November 07 | $1.0724 |
| 31 October 07 | $1.0692 |
| 30 September 07 | $1.0631 |
| 31 August 07 | $1.0561 |
| 31 July 07 | $1.0508 |
| 30 June 07 - post distribution | $1.0464 |
| 30 June 07 - pre distribution | $1.0857 |
| 31 May 07 | $1.0793 |
| 30 April 07 | $1.0742 |
| 31 March 07 | $1.0602 |
| 28 February 07 | $1.0552 |
| 31 January 07 | $1.0521 |
| 31 December 06 - post distribution | $1.0388 |
| 31 December 06 - pre distribution | $1.0606 |
| 30 November 06 | $1.0519 |
| 31 October 06 | $1.0465 |
| 30 September 06 | $1.0407 |
| 31 August 06 | $1.0335 |
| 31 July 06 | $1.0271 |
| 30 June 06 - post distribution | $1.0222 |
| 30 June 06 - pre distribution | $1.0613 |
| 31 May 06 | $1.0568 |
| 30 April 06 | $1.0492 |
| 31 March 06 | $1.0404 |
| 28 February 06 | $1.0336 |
| 31 January 06 | $1.0273 |
| 31 December 05 - post distribution | $1.0244 |
| 31 December 05 - pre distribution | $1.0598 |
| 30 November 05 | $1.0514 |
| 31 October 05 | $1.0431 |
| 30 September 05 | $1.0400 |
| 31 August 05 | $1.0305 |
| 31 July 05 | $1.0270 |
| 30 June 05 - post distribution | $1.0195 |
| 30 June 05 - pre distribution | $1.0578 |
| 31 May 05 | $1.0502 |
| 30 April 05 | $1.0472 |
| 31 March 05 | $1.0453 |
| 28 February 05 | $1.0400 |
| 31 January 05 | $1.0346 |
| 31 December 04 - post distribution | $1.0227 |
| 31 December 04 - pre distribution | $1.0516 |
| 30 November 04 | $1.0455 |
| 31 October 04 | $1.0414 |
| 30 September 04 | $1.0338 |
| 31 August 04 | $1.0240 |
| 31 July 04 | $1.0190 |
| 30 June 04 - post distribution | $1.0139 |
| 30 June 04 - pre distribution | $1.0646 |
| 31 May 04 | $1.0575 |
| 30 April 04 | $1.0516 |
| 31 March 04 | $1.0434 |
| 29 February 04 | $1.0383 |
| 31 January 04 | $1.0301 |
| 31 December 03 - post distribution | $1.0218 |
| 31 December 03 - pre distribution | $1.0362 |
| 30 November 03 | $1.0114 |
| 31 October 03 | $1.0035 |