Why invest in this fund?
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An opportunistic portfolio with exposure to different sectors within the global fixed income universe
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A multi-manager approach that combines bottom up security selection with a strategic asset allocation process
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An experienced portfolio management team
Portfolio Management
John Pattullo
Head of Retail Fixed Income
Jenna Barnard
Director of Retail Fixed Income
Top Ten Holdings
(as of 2/28/10) %
|
German Government Notes
|
2.8
|
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Standard Charter
|
2.6
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HCA
|
2.5
|
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Wind Acquisition
|
2.5
|
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FS Funding
|
2.5
|
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Impress Holdings
|
2.4
|
|
Service Corp
|
2.4
|
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Aberdeen Asset Management
|
2.4
|
|
Levi Strauss
|
2.2
|
|
Catlin Insurance
|
2.2
|
Fund Facts (as of 12/31/09)
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Inception date:
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9/30/03
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|
Minimum initial investment:
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$500
|
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Benchmark:
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Barclays Capital Global Aggregate Bond (ex US MBS) Index
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|
Total number of holdings:
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55
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Average credit quality of fixed income investments2:
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BB
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Dividend frequency:
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Monthly
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|
% of holdings in top 10:
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25.8
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2 A credit rating rates the credit worthiness of a corporation. It is based upon the history of borrowing and repayment, as well as the availability of assets and extent of liabilities. The highest rating is AAA, and the lowest is D.
Performance
| Ticker Symbol | Fund | | 1 Mth | YTD | 3 Mths | 1 Yr | 5 Yrs | Since
Inception
(9/30/03) |
Net Fund Operating Expenses
* | Gross Annual Operating Expenses |
|---|
2/28/2010 | 12/31/2009 |
|---|
| HFAAX | Class A | At NAV | 0.05% | 2.75% | 4.81% | 50.75% | 1.57% | 4.52% | 1.31% | 1.63% |
| | With Sales Charge | -4.70% | -2.12% | -0.20% | 43.60% | 0.59% | 3.71% | 1.31% | 1.63% |
| HFABX | Class B | At NAV | 0.00% | 2.51% | 4.60% | 49.76% | 0.90% | 3.79% | 2.06% | 2.38% |
| | With Sales Charge | -5.00% | -2.49% | -0.40% | 45.76% | 0.70% | 3.79% | 2.06% | 2.38% |
| HFACX | Class C | At NAV | -0.12% | 2.53% | 4.63% | 49.39% | 0.74% | 3.69% | 2.06% | 2.38% |
| | With Sales Charge | -1.12% | 1.53% | 3.63% | 49.39% | 0.74% | 3.69% | 2.06% | 2.38% |
| Barclays Capital Global Aggregate Bond (ex US MBS) Index | 0.06% | 0.32% | -1.07% | 5.60% | 5.82% | 5.16% | | |
|---|
Inception date: 9/30/03. Effective May 19, 2006, the Henderson Income Advantage Fund changed its name, investment objective and policies and became the Henderson Worldwide Income Fund. The Fund’s historical performance may not represent current investment policies.
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 4.75%. Class B shares are subject to a CDSC, which declines from 5% the first year to 0% at the beginning of the seventh year. 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 is 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.