For individual investors in the UK

Global Equity Income Fund

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

ISIN
GB00BJ0LFN35

NAV
GBP 465.50p
As of 03/02/2023

1-Day Change
GBP 2.80p (0.61%)
As of 03/02/2023

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide an income in excess of 80% of the income generated by the MSCI ACWI High Dividend Yield Index over any 3 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 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 ACWI High Dividend Yield 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 a Marketing Communication and does not qualify as an investment recommendation.

Investment into the fund will acquire units / shares of the fund itself and not the underlying assets owned by the fund.

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 does not predict future returns. 
 

AWARDS

Ratings for this fund include:

PORTFOLIO MANAGEMENT

Andrew Jones

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 does not predict future returns. 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 31/12/2022
E Acc (Net) MSCI ACWI High Dividend Yield GR IA Global Equity Income
 
Quarter End
As of 31/12/2022
Dec-2021 - Dec-2022 Dec-2020 - Dec-2021 Dec-2019 - Dec-2020 Dec-2018 - Dec-2019 Dec-2017 - Dec-2018
E Acc (Net) 2.84 13.94 0.80 16.07 -8.08
MSCI ACWI High Dividend Yield GR 0.66 23.48 12.90 23.44 -2.50
IA Global Equity Income -1.10 18.94 3.35 18.93 -5.70

Index Description

The MSCI ACWI High Dividend Yield Index is a measure of the combined performance of large and medium sized companies that pay above average dividends across developed and Emerging Market stock markets around the world. It is the basis for the Fund’s income target.

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 31/12/2022
E Acc (Net) MSCI ACWI High Dividend Yield GR IA Global Equity Income
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
01/09/2009
E Acc (Net) -0.11 2.84 2.84 5.71 4.74 9.06 9.38
MSCI ACWI High Dividend Yield GR -2.42 0.66 0.66 11.95 11.05 13.73 12.75
IA Global Equity Income -1.16 -1.10 -1.10 6.73 6.40 9.31 9.49

Index Description

The MSCI ACWI High Dividend Yield Index is a measure of the combined performance of large and medium sized companies that pay above average dividends across developed and Emerging Market stock markets around the world. It is the basis for the Fund’s income target.

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.

Calendar Year Returns (%)
As of 31/12/2022
E Acc (Net) MSCI ACWI High Dividend Yield GR IA Global Equity Income
2022 2021 2020 2019 2018
E Acc (Net) 2.84 13.94 0.80 16.07 -8.08
MSCI ACWI High Dividend Yield GR 0.66 23.48 12.90 23.44 -2.50
IA Global Equity Income -1.10 18.94 3.35 18.93 -5.70

Index Description

The MSCI ACWI High Dividend Yield Index is a measure of the combined performance of large and medium sized companies that pay above average dividends across developed and Emerging Market stock markets around the world. It is the basis for the Fund’s income target.

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 1.00%
Ongoing Charge
(As of 31/08/2022)
1.28%

Portfolio

Top Holdings (As of 31/12/2022)
% OF FUND
Microsoft 3.53
Sanofi 3.25
Shell 3.23
Merck 3.13
Unilever 3.00
Nestlé 2.80
Bristol-Myers Squibb 2.77
Coca-Cola 2.68
AXA 2.55
Air Products and Chemicals 2.50

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 does not predict future returns
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units 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/unit 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 ongoing charges 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 the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.

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.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.