Henderson Horizon Euro High Yield Bond Fund

A2 Acc EUR ISIN code: LU0828815570

Ratings and awards

Morningstar 5 Star

Investment objective

The investment objective of the Henderson Horizon Fund Euro High Yield Bond Fund is to provide a high overall yield and potential for capital growth. The Fund will invest at least 70% of its net assets in sub investment grade corporate debt securities with a credit rating equivalent to BB+ or lower and denominated in Euros and Sterling. 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 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, options, OTC swaps, asset swaps and credit default swaps, credit default swaps on indices, and forward foreign exchange contracts.

Overview

  • The fund boasts a diversified portfolio of Euro and Sterling denominated sub investment grade corporate bonds.
  • It focuses on identifying the best risk-return prospects within the European high yield corporate bond market.
  • The managers take into account the macroeconomic outlook, using internal as well as external research. Factors such as the economic environment, corporate health, and market dynamics are all considered.

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: LU0828815570A2 Acc EUR Currency EUR NAV 138.7900 Change 0.1100% Price date 20/02/2017
 
ISIN code: LU0828817600A2 Acc HCHF Currency CHF NAV 133.4500 Change 0.1100% Price date 20/02/2017
ISIN code: LU0828816461A2 Acc HUSD Currency USD NAV 140.3700 Change 0.1000% Price date 20/02/2017
ISIN code: LU0828815224A3 Inc EUR Currency EUR NAV 109.3000 Change 0.1000% Price date 20/02/2017
ISIN code: LU1272163806H2 Acc EUR Currency EUR NAV 111.2400 Change 0.1100% Price date 20/02/2017
ISIN code: LU0828818087I2 Acc EUR Currency EUR NAV 141.2300 Change 0.1100% Price date 20/02/2017
ISIN code: LU0828818913I2 Acc HUSD Currency USD NAV 123.9800 Change 0.1100% Price date 20/02/2017
ISIN code: LU0828820901X2 Acc EUR Currency EUR NAV 114.3100 Change 0.1100% Price date 20/02/2017
ISIN code: LU0828821115X3 Inc EUR Currency EUR NAV 104.5100 Change 0.1100% Price date 20/02/2017
ISIN code: LU0828820570Z2 Acc HGBP Currency GBP NAV 148.9600 Change 0.1200% Price date 20/02/2017
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 classDec 2015 - Dec 2016Dec 2014 - Dec 2015Dec 2013 - Dec 2014Dec 2012 - Dec 2013Dec 2011 - Dec 2012
A2 Acc EUR9.53%4.63%3.63%11.67%-
A2 Acc HCHF8.87%3.92%3.38%11.37%-
A2 Acc HUSD10.75%5.06%3.69%11.67%-
A3 Inc EUR9.51%4.63%3.66%11.71%-
H2 Acc EUR9.80%4.77%3.63%11.67%-
I2 Acc EUR9.71%5.16%4.18%12.16%-
I2 Acc HUSD11.15%5.43%4.21%--
X2 Acc EUR9.10%4.33%---
Z2 Acc HGBP11.53%6.51%5.13%13.48%-
© 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 31/12/2016

Cumulative performance

Share classLast monthYTD1 Year3 YearsSince inception
A2 Acc EUR0.690.84%14.19%18.35%38.64%
A2 Acc HCHF0.640.78%13.65%16.54%33.31%
A2 Acc HUSD0.781.03%15.65%20.45%40.23%
A3 Inc EUR0.690.85%14.23%18.37%38.73%
H2 Acc EUR0.720.90%14.57%18.87%39.24%
I2 Acc EUR0.710.90%14.49%19.78%41.08%
I2 Acc HUSD0.811.09%16.06%21.93%23.84%
X2 Acc EUR0.650.79%13.84%-14.19%
Z2 Acc HGBP0.821.08%16.40%24.54%48.78%
© 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 17/02/2017
Top 10 holdings
Geographic breakdown
Sector breakdown
Dividends
Key data
Asset class Fixed Income
Structure SICAV
Launch date 19/11/2012
Base currency EUR
Sector Morningstar Europe OE EUR High Yield Bond
Benchmark BofA ML European Currency Non-Financial High Yield Constrained Index (100% Hedged)
Year end 30-Jun
Valuation point 13:00
Pricing basis Single Priced
Fund status Open for new investment

A2 Acc EUR

Distribution type Accumulation Net
ISIN code LU0828815570
Lipper code 68236457
WKN Code A1J4LV
Valoren Code 19547876
Initial charge 5.00%
Annual charges 0.75%
Launch date 19/11/2012
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

A2 Acc HCHF

Distribution type Accumulation Net
ISIN code LU0828817600
Lipper code 68236459
WKN Code A1J4L4
Valoren Code 19547954
Initial charge 5.00%
Annual charges 0.75%
Launch date 19/11/2012
Currency CHF
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 CHF2,500.00
Additional lump sum investment CHF500.00

A2 Acc HUSD

Distribution type Accumulation Net
ISIN code LU0828816461
Lipper code 68236458
WKN Code A1J4LZ
Valoren Code 19547929
Initial charge 5.00%
Annual charges 0.75%
Launch date 28/11/2012
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

A3 Inc EUR

Distribution type Income Gross
ISIN code LU0828815224
Lipper code 88208T
WKN Code A1J4LU
Valoren Code 19547860
Initial charge 5.00%
Annual charges 0.75%
Launch date 19/11/2012
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

H2 Acc EUR

Distribution type Accumulation Net
ISIN code LU1272163806
Valoren Code 29353071
Initial charge 5.00%
Annual charges 0.38%
Launch date 27/08/2015
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 EUR750,000.00
Additional lump sum investment EUR50,000.00

I2 Acc EUR

Distribution type Accumulation Net
ISIN code LU0828818087
Lipper code 68236460
WKN Code A1J4L6
Valoren Code 19547965
Initial charge 0.00%
Annual charges 0.75%
Launch date 19/11/2012
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 HUSD

Distribution type Accumulation Net
ISIN code LU0828818913
Lipper code 68252346
WKN Code A1J4MA
Valoren Code 19549182
Initial charge 0.00%
Annual charges 0.75%
Launch date 20/12/2013
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 Acc EUR

Distribution type Accumulation Net
ISIN code LU0828820901
Lipper code 68267439
WKN Code A1J4MJ
Valoren Code 19547930
Initial charge 0.00%
Annual charges 0.75%
Launch date 02/05/2014
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

X3 Inc EUR

Distribution type Income Gross
ISIN code LU0828821115
Lipper code 68267438
WKN Code A1J4MK
Valoren Code 19547950
Initial charge 0.00%
Annual charges 0.75%
Launch date 08/04/2016
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

Z2 Acc HGBP

Distribution type Accumulation Net
ISIN code LU0828820570
Lipper code 68236461
WKN Code A1J4MG
Valoren Code 19547919
Initial charge 0.00%
Annual charges 0.00%
Launch date 19/11/2012
Currency GBP
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.N/A
Minimum Lump Sum GBP25,000,000.00
Additional lump sum investment GBP250,000.00
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.
  • 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 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.
  • Currency markets are highly volatile by nature and are affected by various factors such as political/economic developments, changes in tax/ monetary policies of governments, balance of payments, international trade patterns and liquidity in the currency markets. Currency investments may result in the possibility of greater loss, increased transaction costs and greater volatility in the NAV of the Sub-Fund
  • Investments in fixed income instruments are subject to default/credit risk of the issuers, interest rate risk as bond prices move inversely to changes in interest rates and liquidity risk when there is low liquidity in the secondary bond market.
  • 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