Why invest in this fund?
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A fundamental approach, leveraging Henderson’s extensive investment capabilities
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A growth-at-a-reasonable-price philosophy
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Bottom-up stock selection, with country and sector allocation decisions driven by the stock selection process
Portfolio Management
Manraj Sekhon, CFA
Head of International Equities
Top Ten Holdings
(as of 2/28/10) %
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Emerson Electric
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2.7
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UBS
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2.7
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Microsoft
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2.7
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Fresenius
|
2.7
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Cisco
|
2.6
|
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361 Degrees
|
2.5
|
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Apple
|
2.5
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Sands China
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2.4
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Covidien
|
2.5
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PepsiCo
|
2.4
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Fund Facts (as of 12/31/09)
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Inception date:
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11/30/06
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Minimum initial investment:
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$500
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Benchmark:
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MSCI World Index
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Median market cap ($billions):
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15.3
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Total number of holdings:
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61
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Forward 12-month P/E ratio:
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14.5
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P/B ratio:
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2.3
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Beta:
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1.0
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% of holdings in top 10:
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26.2
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Class A expense ratio2:
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1.95
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2 This ratio is not a guaranteed number and may fluctuate. The class A expense ratio is presented as a percentage of average net assets. The expense ratio is unaudited and is based on annualized fiscal year-to-date results from 8/01/09 to 11/30/09. The ratio may differ from that presented in the Fund’s prospectus that is based on the Fund’s then most recent previous fiscal year.
Performance
| Ticker Symbol | Fund | | 1 Mth | YTD | 3 Mths | 1 Yr | 5 Yrs | Since
Inception
(11/30/06) |
Net Fund Operating Expenses
* | Gross Annual Operating Expenses |
|---|
2/28/2010 | 12/31/2009 |
|---|
| HFPAX | Class A | At NAV | 2.47% | -2.02% | 4.47% | 31.51% | N/A | -3.31% | 1.96% | 2.75% |
| | With Sales Charge | -3.44% | -7.64% | -1.55% | 23.99% | N/A | -5.15% | 1.96% | 2.75% |
| HFPCX | Class C | At NAV | 2.36% | -2.14% | 4.23% | 30.40% | N/A | -3.57% | 2.71% | 3.50% |
| | With Sales Charge | 1.36% | -3.14% | 3.23% | 30.40% | N/A | -3.57% | 2.71% | 3.50% |
| MSCI World Index | 1.45% | -2.72% | 4.18% | 30.79% | N/A | -4.32% | | |
|---|
Inception date 11/30/06
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Performance results with sales charges reflect the deduction of the maximum front end sales charge and/or the deduction of the applicable contingent deferred sales charge (CDSC). Class A shares are subject to a maximum front end sales charge of 5.75%. Class C shares may be subject to a CDSC of up to 1% on certain redemptions made within 12 months of purchase. Performance presented at NAV which does not include these sales charges would be lower if these charges were reflected. The Fund’s annual operating expenses will likely vary from year to year. It is important for you to understand that a decline in the Fund’s average net assets during the current fiscal year due to recent market volatility or other factors could cause the Fund’s expense ratios for the Fund’s current fiscal year to be higher than the expense information presented. Shares redeemed within 30 days of purchase may be subject to a 2.0% redemption fee. Returns greater than one year are annualized. Index returns provided by Lipper, Inc. Net Asset Value (NAV) is the value of one share of the Fund excluding any sales charge.
The recent growth rate in the stock market has helped to produce short term returns for some asset classes that are not typical and may not continue in the future. Because of ongoing market volatility, Fund performance may be subject to substantial short term changes.
*As stated in the current prospectus, the Fund’s adviser has agreed to contractually waive a portion of its fees and/or reimburse expenses which are in effect until July 31, 2020.
Returns included the reinvestment of dividends and capital gains. Performance results reflect expense subsidies and waivers in effect during the periods shown. Absent these waivers, results would have been less favorable for certain periods.
Forward 12-month P/E ratio is calculated using the closing price of portfolio holdings divided by the sum of the 12-month forward earnings per share. P/B ratio is calculated using the closing price of portfolio holdings divided by the most recent fiscal year end book value. Both calculations take into account the respective weightings of portfolio holdings. Beta is a quantitative measure of the volatility of a given stock, mutual fund, or portfolio, relative to the overall market.