Henderson Horizon Global High Yield Bond Fund

A2 Acc USD ISIN code: LU0978624194

Ratings and awards

Investment objective

The investment objective of the Global High Yield Bond Fund is to provide a high overall yield and potential for capital growth. The Fund will invest at least 80% of its net assets in sub investment grade corporate debt securities of issuers with a credit rating equivalent to BB+ or lower. The Fund can invest in fixed and variable rate and index related securities issued by corporate, government, supranational institutions and local and regional agencies. The Fund may invest up to 20% of its net assets in contingent convertible bonds. The Fund may also make use of one or a combination of the following instruments / strategies in order to achieve the Fund’s objective including, but not limited to asset and mortgage backed securities, convertible bonds, structured notes, exchange traded derivatives, OTC swaps (such as interest rate swaps, credit default swaps, credit default swaps on indices and total return swaps), forward foreign exchange contracts and preferred stocks.

Overview

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.

ISIN code: LU0978624194A2 Acc USD Currency USD NAV 131.5300 Change 0.0700% Price date 23/11/2017
 
ISIN code: LU0978624277A2 Acc HEUR Currency EUR NAV 126.9600 Change 0.0600% Price date 23/11/2017
ISIN code: LU0999457616A3 Inc HEUR Currency EUR NAV 98.1000 Change 0.0600% Price date 23/11/2017
ISIN code: LU1280371284A3 USD Currency USD NAV 107.2200 Change 0.0700% Price date 23/11/2017
ISIN code: LU0978624434I2 Acc HEUR Currency EUR NAV 128.9400 Change 0.0600% Price date 23/11/2017
ISIN code: LU0978624350I2 Acc USD Currency USD NAV 133.4800 Change 0.0700% Price date 23/11/2017
ISIN code: LU1618271776X2 USD Currency USD NAV 102.2000 Change 0.0700% Price date 23/11/2017
Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses but does not reflect any ongoing charges or other fund expenses.

Discrete performance

Share classSep 2016 - Sep 2017Sep 2015 - Sep 2016Sep 2014 - Sep 2015Sep 2013 - Sep 2014Sep 2012 - Sep 2013
A2 Acc HEUR8.73%10.03%0.04%--
A2 Acc USD10.66%11.24%0.43%--
A3 Inc HEUR8.70%10.02%0.26%--
A3 USD10.62%----
I2 Acc HEUR9.15%10.51%0.38%--
I2 Acc USD11.04%11.72%0.69%--
© Morningstar 2017. All rights reserved. NAV-NAV, gross income reinvested.Source: Morningstar, based on market prices at close on the date shown. We are not responsible for the accuracy or completeness of the information supplied by Morningstar. We take care to ensure that the information provided by Morningstar is correct but we neither warrant, represent nor guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies therein. Prices may be subject to change, errors and omissions excepted. Annual return to 30/09/2017

Cumulative performance

Share classLast monthYTD1 Year3 YearsSince inception
A2 Acc HEUR-0.356.22%8.81%19.55%26.96%
A2 Acc USD-0.217.95%10.79%23.71%31.53%
A3 Inc HEUR-0.366.20%8.78%19.75%23.42%
A3 USD-0.217.91%10.76%-20.61%
I2 Acc HEUR-0.326.61%9.24%20.95%28.94%
I2 Acc USD-0.198.27%11.17%24.99%33.48%
© Morningstar 2017. All rights reserved. NAV-NAV, gross income reinvested.Source: Morningstar, based on market prices at close on the date shown. We are not responsible for the accuracy or completeness of the information supplied by Morningstar. We take care to ensure that the information provided by Morningstar is correct but we neither warrant, represent nor guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies therein. Prices may be subject to change, errors and omissions excepted. Data as at 23/11/2017
Top 10 holdings
Geographic breakdown
Sector breakdown
Dividends
Key data
Asset class Fixed Income
Structure SICAV
Launch date 19/11/2013
Base currency USD
Sector Morningstar Europe OE Global High Yield Bond
Benchmark BofA ML Global High Yield Constrained Index (100% Hedged)
Year end 30-Jun
Valuation point 16:00
Pricing basis Single Priced
Fund status Open for new investment

A2 Acc USD

Distribution type Accumulation Net
ISIN code LU0978624194
Lipper code 68252362
WKN Code A1W8VU
Valoren Code 22889090
Initial charge 5.00%
Annual charges 0.75%
Launch date 19/11/2013
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).An indication of the historic performance fee payable can be found in the relevant KIID.10% of the 'Relevant Amount'
Minimum Lump Sum USD2,500.00
Additional lump sum investment USD500.00

A2 Acc HEUR

Distribution type Accumulation Net
ISIN code LU0978624277
Lipper code 68252364
WKN Code A1W8VV
Valoren Code 22889770
Initial charge 5.00%
Annual charges 0.75%
Launch date 19/11/2013
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).An indication of the historic performance fee payable can be found in the relevant KIID.10% of the 'Relevant Amount'
Minimum Lump Sum EUR2,500.00
Additional lump sum investment EUR500.00

A3 Inc HEUR

Distribution type Income Gross
ISIN code LU0999457616
Lipper code 68252366
WKN Code A1XBQK
Valoren Code 23083805
Initial charge 5.00%
Annual charges 0.75%
Launch date 24/01/2014
Dividend pay dates 20-Oct, 20-Jan, 20-Apr, 20-Jul
XD dates 01-Oct, 01-Jan, 01-Apr, 01-Jul
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).An indication of the historic performance fee payable can be found in the relevant KIID.10% of the 'Relevant Amount'
Minimum Lump Sum EUR2,500.00
Additional lump sum investment EUR500.00

A3 USD

Distribution type Income Gross
ISIN code LU1280371284
WKN Code A14Z64
Valoren Code 29661946
Initial charge 5.00%
Annual charges 0.75%
Launch date 23/10/2015
Dividend pay dates 20-Oct, 20-Jan, 20-Apr, 20-Jul
XD dates 01-Oct, 01-Jan, 01-Apr, 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).An indication of the historic performance fee payable can be found in the relevant KIID.10% of the 'Relevant Amount'
Minimum Lump Sum USD2,500.00
Additional lump sum investment USD500.00

I2 Acc HEUR

Distribution type Accumulation Net
ISIN code LU0978624434
Lipper code 68252365
WKN Code A1W8VX
Valoren Code 22889906
Initial charge 0.00%
Annual charges 0.75%
Launch date 19/11/2013
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).An indication of the historic performance fee payable can be found in the relevant KIID.10% of the 'Relevant Amount'
Minimum Lump Sum EUR1,000,000.00
Additional lump sum investment EUR100,000.00

I2 Acc USD

Distribution type Accumulation Net
ISIN code LU0978624350
Lipper code 68252363
WKN Code A1W8VW
Valoren Code 22889894
Initial charge 0.00%
Annual charges 0.75%
Launch date 19/11/2013
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).An indication of the historic performance fee payable can be found in the relevant KIID.10% of the 'Relevant Amount'
Minimum Lump Sum USD1,000,000.00
Additional lump sum investment USD100,000.00

X2 USD

Distribution type Accumulation Gross
ISIN code LU1618271776
Initial charge 0.00%
Annual charges 0.75%
Launch date 06/06/2017
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).An indication of the historic performance fee payable can be found in the relevant KIID.10% of the 'Relevant Amount'
Minimum Lump Sum USD2,500.00
Additional lump sum investment USD500.00
General risks
  • ​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.
  • ​For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved, you may wish to consult a financial adviser.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
Specific risks
  • Investment management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
  • This fund is designed to be used only as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this fund.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • The value of a bond or money market security may fall if the financial health of the issuer weakens, or the market believes it may weaken. This risk is greater the lower the credit quality of the bond.
  • Derivatives use exposes the Fund to risks different from, and potentially greater than, the risks associated with investing directly in securities and may therefore result in additional loss, which could be significantly greater than the cost of the derivative.
  • Measures designed to reduce the impact of certain risks may not be available or may be ineffective.
  • When interest rates rise (or fall), the prices of different securities will be affected differently. In particular, bond values generally fall when interest rates rise. This risk is generally greater the longer the maturity of a bond investment.
  • Leverage arises from entering into contracts or derivatives whose terms have the effect of magnifying an outcome, meaning profits and losses from investment can be greater.
  • Any security could become hard to value or to sell at a desired time and price, increasing the risk of investment losses.

Announcements

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