Henderson Horizon China Fund

A2 Acc USD ISIN code: LU0327786744

Investment objective

The investment objective of the China Fund is to seek long-term capital appreciation through investment in securities listed primarily in China, Hong Kong and Taiwan. The Investment Manager may also invest in companies incorporated elsewhere that have significant assets, business, production, trading activity or other interests in China, Hong Kong or Taiwan. At least two thirds of the total assets of this Fund will be invested in (i) companies having their registered office in China, Hong Kong or Taiwan (ii) companies with their registered office outside China, Hong Kong or Taiwan carrying out their business activities predominantly in China, Hong Kong or Taiwan, or (iii) holding companies, the interests of which are predominantly invested in companies with their registered office in China, Hong Kong or Taiwan. The Fund may invest in China A-Shares, directly through Shanghai-Hong Kong Stock Connect and other eligible exchanges or indirectly through derivative instruments. Exposure to China A-Shares will not be more than 35% of the Fund’s net asset value. The Investment Manager will adopt a broad range of investment strategies using a diversified range of instruments with a view to enhancing the performance of the Fund. Particularly, the Investment Manager will employ an approach to investment decisions using primarily a Fundamental strategy as further described under the Section ‘General Policy applicable to Funds making active use of derivatives and using a Fundamental strategy’ of this Prospectus. The approach will be implemented by using the following instruments in accordance with the Section ‘Investment Restrictions’ of this Prospectus: quoted equity securities, structured notes, options, futures and forwards on stocks, indices, contracts for difference, OTC swaps including equity swaps and asset swaps, equity linked notes and currency forwards. On an ancillary basis, and for defensive purposes, the Fund may also invest in government, government agency and corporate bonds and their associated derivative securities, preferred stock, money market instruments and may hold cash or treasury bills pending reinvestment. The Investment Manager may from time to time consider hedging currency and interest rates exposure, but will not generally enter into contracts involving a speculative position in any currency or interest rate.

Before you invest

Share class:

Key documents

All documents
ISIN code: LU0327786744A2 Acc USD Currency USD NAV 21.6400 Price date 20/10/2017
 
ISIN code: LU0327786827A1 Inc USD Currency USD NAV 21.5200 Price date 20/10/2017
ISIN code: LU0572944774A2 Acc EUR Currency EUR NAV 18.3100 Price date 20/10/2017
ISIN code: LU0572944931A2 Acc SGD Currency SGD NAV 29.3900 Price date 20/10/2017

Key data

Asset class Equities
Structure SICAV
Launch date 25/01/2008
Base currency USD
Sector Morningstar Europe OE China Equity
Benchmark MSCI China Index
Year end 30-Jun
Valuation point 13:00
Pricing basis Single Priced
Fund status Open for new investment

A2 Acc USD

Distribution type Accumulation Net
ISIN code LU0327786744
Lipper code 65101640
WKN Code A0M7WU
Valoren Code 3537485
Initial charge 5.00%
Annual chargesPlease refer to the prospectus for more details on the fees and expenses.1.20%
Launch date 25/01/2008
Currency USD
Performance FeeCertain classes within a fund may be able to charge a performance related management fee, which becomes payable when that class outperforms its performance fee benchmark and previous high watermark (where applicable).10% of the 'Relevant Amount'
Minimum Lump Sum USD2,500.00
Additional lump sum investment USD500.00

A1 Inc USD

Distribution type Income Net
ISIN code LU0327786827
Lipper code 65101639
WKN Code A0M7WV
Valoren Code 3537483
Initial charge 5.00%
Annual chargesPlease refer to the prospectus for more details on the fees and expenses.1.20%
Launch date 25/01/2008
Dividend pay dates 20-Jul
XD dates 01-Jul
Currency USD
Performance FeeCertain classes within a fund may be able to charge a performance related management fee, which becomes payable when that class outperforms its performance fee benchmark and previous high watermark (where applicable).10% of the 'Relevant Amount'
Minimum Lump Sum USD2,500.00
Additional lump sum investment USD500.00

A2 Acc EUR

Distribution type Accumulation Net
ISIN code LU0572944774
Lipper code 65103577
WKN Code A1JKTC
Valoren Code 13929077
Initial charge 5.00%
Annual chargesPlease refer to the prospectus for more details on the fees and expenses.1.20%
Launch date 25/01/2008
Currency EUR
Performance FeeCertain classes within a fund may be able to charge a performance related management fee, which becomes payable when that class outperforms its performance fee benchmark and previous high watermark (where applicable).10% of the 'Relevant Amount'
Minimum Lump Sum EUR2,500.00
Additional lump sum investment EUR500.00

A2 Acc SGD

Distribution type Accumulation Net
ISIN code LU0572944931
Lipper code 65103604
WKN Code A1JKTE
Valoren Code 13929079
Initial charge 5.00%
Annual chargesPlease refer to the prospectus for more details on the fees and expenses.1.20%
Launch date 25/01/2008
Currency SGD
Performance FeeCertain classes within a fund may be able to charge a performance related management fee, which becomes payable when that class outperforms its performance fee benchmark and previous high watermark (where applicable).10% of the 'Relevant Amount'
Minimum Lump Sum SGD2,500.00
Additional lump sum investment SGD500.00
General risks
Key risks
Key risks

Key investment risks to be considered before investing

  • The Fund primarily invests in companies having their registered office in China, Hong Kong and Taiwan and may also invest in companies incorporated elsewhere that have significant assets, business, production, trading activity or other interests in China, Hong Kong or Taiwan. The Fund does not invest in China - A shares.
  • The Fund may invest a substantial amount of its assets in companies in China (emerging market) which may involve a higher concentration of risk and also may experience higher risks of economic, political, regulatory and social development changes. Investments in emerging market may be less liquid and more volatile than funds that invest in developed and more geographically diversified markets.
  • The Fund uses trading strategies that use financial derivative instruments (“FDI”) to achieve the Fund’s investment objectives and policies or extensively for investment purposes with a view to enhancing their performance, which may be unsuccessful due to a number of reasons; including volatile market conditions, imperfect correlation between the movements in securities on which derivatives are based, lack of liquidity within markets and counterparty default risk.
  • The Fund typically holds long and covered short directional positions and pair trades mainly through the use of FDI combining with direct investments. Such investment strategy and the use of FDI are inherently volatile and depending on market condition, the Fund could potentially be exposed to additional risk and costs should the market move against it and incur losses consequently.
  • Investments in the Fund involve varying degree of investment risks (eg. market, legal, financial, interest rate, currency, etc). In extreme market conditions, you may lose your entire investment in the Fund.
  • In respect of Distribution Shares, the directors of the Fund may at its discretion pay dividend out of gross income while charging/ paying all or part of the fund’s fees and expenses to/out of the capital of the fund, resulting in an increase in distributable income for the payment of dividends by the fund and therefore, the fund may effectively pay dividend out of capital.
  • Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the NAV per share of the Fund.

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