Henderson Japan Absolute Return Fund

Fund managers

John Stewart

John joined Henderson in 2011 as Director of Japanese Equities. He is the lead manager of the AlphaGen Hokuto Fund and the AlphaGen Tenro Fund. Prior to joining Henderson, John was the Head of Japanese Equities at Gartmore where he had been managing the same portfolios. Before joining Gartmore in 1995, John worked for Prudential Portfolio Managers in London as a Japanese equity fund manager. He has been managing Japanese equity portfolios since 1992 and long/short strategies since 1999. John graduated from Loughborough University in 1991 with a BSc Honours in Banking and Finance and is an associate member of the UK Society of Investment

Robert Tull

Robert joined Henderson in 2011 as an Investment Manager of Japanese Equities. Prior to his current position, Robert was with Gartmore Japan as a portfolio manager and analyst. His research focus is primarily on the financial sector. Robert previously worked for KBC Alternative Investment Management in Hong Kong as a portfolio manager running a long/short Japanese equity portfolio. Prior to that he was financial sector research analyst at KBC Securities and Cazenove Securities in Tokyo. Robert graduated from Oxford University in 1991 with a BA in Chinese Studies. He is also a member of the Institute of Chartered Accountants in England and Wales.

Investment objective

The fund aims to provide a positive return over the long term, whether markets go up or down, by investing in Japanese company shares. Derivatives will be used to help the fund achieve its objective. The fund aims to typically deliver absolute (more than zero) returns in each year, although an absolute return performance is not guaranteed. Over the short term it may experience periods of negative returns so the fund may not achieve this objective.

Fund facts

Key facts

Asset class	Equities
Structure	OEIC
Launch date	29 January 2010
Base Currency	GBP
Sector	IMA Absolute Return
Year End	31-May
Hurdle rate	Uncollateralised Overnight Yen Call Rate
Valuation point	12:00
Fund status	Open for new investment

Share classes

Henderson Japan Absolute Return Fund A Acc
Distribution type	Accumulation Net
ISIN Code	GB00B3QG0X51
Initial charge	5.00%
Annual charges	1.50%
Minimum lump sum investment	£1000
Additional lump sum investment	£100
Minimum regular saving	£100
Dividend pay dates	31-Jul, 1-Feb
XD dates	1-Jun, 1-Dec
Performance fee	20% (relative to the hurdle rate and high water mark)
Fund status	Open for new investment

Fund performance

Cumulative performance

Share class	1 Year	2 Year	3 Years	4 Years	5 Years
A Acc	-1.13%	2.44%	-	-	-

Discrete performance

Share class	Dec 2010 - Dec 2011	Dec 2009 - Dec 2010	Dec 2008 - Dec 2009	Dec 2007 - Dec 2008	Dec 2006 - Dec 2007
A Acc	-0.4%	-	-	-	-

General information

If there are any terms on this page you do not understand please refer to the glossary.

The IMA is the Investment Management Association who divide up the authorised funds universe into groups of funds, or IMA sectors, to permit like-for-like comparisons to be made.

Unless otherwise indicated all figures sourced from Morningstar, Financial Express, Datastream, BNP Paribas and Henderson Global Investors. Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.

Where stated, fund size at 12pm on last business day of the month.

If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.

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Understanding investment risk

The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Past performance is not a guide to future performance. For detailed on the risks associated with this investment product, please see the factsheet available above.

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Fund contacts

General enquiries
0800 832 832 (Freephone)

Dealing line
0870 601 6103

support@henderson.com