Global Equity Income Fund

A global approach to equity income aiming to provide a growing income stream as well as capital growth.

ISIN
GB00B3VZC642

NAV
GBP 364.00p
As of 12/08/2020

1-Day Change
GBP 0.20p (0.05%)
As of 12/08/2020


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide an income in excess of the income generated by the MSCI World Index over a 1 year period with the potential for capital growth over the long term (5 years or more).

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The Fund invests at least 80% of its assets in shares (also known as equities) of companies, of any size, in any industry, in any country.
The Fund may also invest in other assets including Collective Investment Schemes (including those managed by Janus Henderson) cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional income for the Fund.
The Fund is actively managed with reference to the MSCI World Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund’s income target. The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index.
As an additional means of assessing the performance of the Fund, the IA Global Equity Income sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Dividend-seeking, valuation-driven process that focuses on companies with good and growing cashflow.
  • Actively managed fund well diversified by sector and geography.
  • Highly experienced, dedicated team with more than 10 years' experience running global equity income funds.
Past performance is not a guide to future performance. 
 

AWARDS

Ratings for this fund include:

PORTFOLIO MANAGEMENT

Andrew Jones

Director, Global Equity Income | Portfolio Manager

Industry since 1995. Joined Firm in 2005.

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager  

Industry since 1998. Joined Firm in 2004.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/2020
A Acc MSCI World Index IA Global Equity Income
 
Quarter End
As of 30/06/2020
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
-4.08% 4.54% 3.52% 19.07% 12.40%
MSCI World Index 6.50% 10.93% 9.90% 22.32% 15.06%
IA Global Equity Income -2.58% 8.78% 3.69% 18.99% 11.25%

Index Description

The MSCI World Index is a measure of the combined performance of large and medium sized companies from developed stock markets around the world. It is the income target for the Fund and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Cumulative & Annualised Performance (%)
As of 31/07/2020
A Acc (Net) MSCI World Index IA Global Equity Income
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
01/09/2009
A Acc (Net) -1.61% -7.98% -8.95% 0.57% 5.73% 8.68% 9.02%
MSCI World Index -1.32% -0.00% 0.58% 8.28% 11.93% 12.19% 12.25%
IA Global Equity Income -1.03% -7.22% -7.28% 2.63% 7.20% 8.60% 8.97%

Index Description

The MSCI World Index is a measure of the combined performance of large and medium sized companies from developed stock markets around the world. It is the income target for the Fund and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

FEE INFORMATION
Initial Charge 5.25%
Annual Charge 1.50%
Ongoing Charge
(As of 28/02/2020)
1.73%

Portfolio

Top Holdings (As of 30/06/2020)
% OF FUND
Microsoft 4.87
Nestl 2.87
Sanofi 2.84
Novartis 2.80
Cisco Systems 2.71
Taiwan Semiconductor Manufacturing 2.44
Zurich Insurance Group 2.30
GlaxoSmithKline 2.30
Bristol-Myers Squibb 2.15
Enel 2.06

Documents

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • Some or all of the Annual Management Charge and other costs of the Fund may be taken from capital, which may erode capital or reduce potential for capital growth.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.

Please note, in May 2012 the Henderson Higher Income Fund changed its name, investment objective and Investment Association sector to become the Henderson Global Equity Income Fund.

  • You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
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