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 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 credit default swaps, credit default swaps on indices and interest rate 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.

Before you invest

Share class:

Key documents

All documents
ISIN code: LU0978624194A2 Acc USD Currency USD NAV 126.2300 Change 0.3300% Price date 24/04/2017
 
ISIN code: LU0978624277A2 Acc HEUR Currency EUR NAV 123.1700 Change 0.3100% Price date 24/04/2017
ISIN code: LU0999457616A3 Inc HEUR Currency EUR NAV 97.8800 Change 0.3200% Price date 24/04/2017
ISIN code: LU1280371284A3 USD Currency USD NAV 105.8200 Change 0.3300% Price date 24/04/2017
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 classMar 2016 - Mar 2017Mar 2015 - Mar 2016Mar 2014 - Mar 2015Mar 2013 - Mar 2014Mar 2012 - Mar 2013
A2 Acc HEUR13.22%-1.42%3.61%--
A2 Acc USD14.94%-0.81%3.79%--
A3 Inc HEUR13.20%-1.15%3.56%--
A3 USD14.92%----
© Morningstar 2016. 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 31/03/2017

Cumulative performance

Share classLast monthYTD1 Year3 YearsSince inception
A2 Acc HEUR0.962.74%11.57%15.74%22.79%
A2 Acc USD1.143.26%13.34%18.58%25.81%
A3 Inc HEUR0.962.74%11.55%15.98%19.39%
A3 USD1.113.22%13.28%-15.37%
© Morningstar 2016. 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 21/04/2017
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
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
  • If you invest in a share class denominated in a currency other than the fund’s base currency you are subject to foreign exchange fluctuations that may affect the value of your investment.
  • The fund will be subject to the risk of a counterparty being unable to perform its obligations with respect to transactions, whether due to insolvency, bankruptcy or other causes. The investment manager assesses the creditworthiness of counterparties as part of the risk management process.
  • Fixed interest securities are the debts of governments and companies, generally in the form of bonds. These bonds are particularly affected by changes in interest rates, inflation and the decline in credit worthiness of the issuer, which may in turn affect the bonds’ value
  • Where the Funds invest in assets (including cash) which are denominated in currencies other than the base currency then currency exchange rate movements may cause the value of investments to fall as well as rise.
  • The Fund may use derivatives for hedging purposes to protect portfolios against currency fluctuation, market movements and interest rates risks. Derivatives involve risks different from, and in certain cases, greater than, the risk presented by more traditional investments. Where the investment policy allows, funds may engage various strategies in view of reducing certain of their risk and for attempting to enhance return. These strategies may include the use of derivative instruments such as options, warrants, swaps and/or futures.
  • Non-investment grade securities (such as “high yield” securities) are considered higher risk investments that may cause income and principal losses for the Fund. They are instruments which credit agencies have given a rating which indicates a higher risk of default. The market values for high yield bonds and other instruments tend to be volatile and they are less liquid than investment grade securities.
  • In certain market conditions, investments held by the Fund may not be as liquid as they would be in normal circumstances. A reasonable price may be harder to attain in such conditions and there is a risk that the price at which the investment is valued may not be realisable in the event of sale. The Fund may therefore be unable to readily sell such investment.
  • Where share class hedging is undertaken, the Investment Manager may use financial swaps, futures, forward currency exchange contracts, options and other derivative transactions in order to preserve the value of the hedged share class currency against the base currency of the Sub- Fund. The effects of the hedging will be reflected in the net asset value of the hedged share class. Any expenses arising from such hedging transactions will be borne by the share class in relation to which they have been incurred and will thereby impact on the performance of that share class. Where such hedging is undertaken it may substantially protect investors against a decrease in the value of the base currency of the Sub-Fund.
  • The fund may use leverage as part of its investment strategy. As a result profits and losses incurred by the fund can be greater than those of a fund that does not use leverage.

Announcements