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Henderson UK Absolute Return Inclusive - Class A - Accumulation (GBP)

Sell: 135.80pBuy: 135.80p0.20p (0.14%)

Prices as at 20 October 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.

Charges and Savings

Fund manager's initial charge: 5.00%
HL saving on initial charge: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 1.50%
HL saving on annual charge (loyalty bonus): 0.50%
Net annual charge: 1.00%
 
Fund manager's other expenses: 0.25%
Performance fee: Yes   View risks

Please read the Simplified Prospectus/Key Investor Information Document (KIID) in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Inclusive
Manager: Multiple
Fund launch date: 14 April 2009
Launch price: £1.00
Sector: Targeted Absolute Return
Fund size: £449 million
Number of holdings: 169
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Performance

20/10/09 to 20/10/10 20/10/10 to 20/10/11 20/10/11 to 20/10/12 20/10/12 to 20/10/13 20/10/13 to 20/10/14
Annual return 2.49% 1.85% 1.58% 16.32% 1.8%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth 150 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 150 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 150 funds are superior alternatives. View funds on the Wealth 150 »

Fund Objective

The fund aims to provide a positive return over the long term whether markets go up or down by investing in UK 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.

Income Details

Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 December 2014 1 June 2015
Payment date: 31 January 20154 31 July 20154

All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Security Weight
Deutsche Managed Sterling Platinum 3.80%
ING BANK 0.55% CD 14/07/14-01/10/14 MTM 3.56%
SOCIETE GENERALE 0.54% CD 25/07/14-01/09/14 MTM 3.56%
DEN DANSKE BANK AKTIESELSKAB 0.51% CD 19/06/14-26/09/14 MTM 3.45%
CITIBANK 0.5% CD 06/06/14-08/09/14 MTM 3.34%
BANK OF NOVA SCOTIA 0.45% CD 03/06/14-03/09/14 MTM 3.34%
UBS 0.5% CD 20/06/14-29/09/14 MTM 3.34%
Legal & General Group 3.23%
CREDIT SUISSE 0.52% CD 25/07/14-04/09/14 MTM 3.12%
BARCLAYS BANK 0.6% CD 20/03/14-22/09/14 MTM 3.01%
Sector Weight
Non-Classified 54.09%
Cash and Equiv. 11.69%
Life Insurance 6.43%
Travel & Leisure 3.73%
Support Services 3.30%
General Industrials 3.04%
Media 2.70%
Household Goods & Home Construction 2.08%
Pharmaceuticals & Biotechnology 1.90%
Fixed Line Telecommunications 1.89%
Country Weight
United Kingdom 46.51%
Cash and Equiv. 11.69%
Germany 8.24%
Switzerland 6.90%
Canada 6.79%
Netherlands 6.65%
Singapore 6.24%
Australia 3.57%
Norway 3.56%
France 3.56%

Fund Manager

1 of 2
Photo of Luke Newman

Key facts

Luke Newman
Manager start date 01/03/2010
Manager located in tbc

Biography

Luke joined Henderson in 2011 as a Senior Investment Manager for European Equities. Prior to that, Luke worked at Gartmore from June 2009 after joining from Altima Partners LLP to manage the Alphagen Octanis & Gartmore UK Absolute Return funds alongside Ben Wallace. Previously Luke was a UK Fund Manager at Deutsche Asset Management running high performance mandates before moving to Foreign & Colonial in 2005 where he launched the F&C Special Situations fund and subsequently the F&C Enhanced Alpha fund which took advantage of the UCITSIII regulations to introduce an active shorting strategy. Luke graduated from the University of Warwick with a BSc Hons in Economics & Politics.

Photo of Ben Wallace

Key facts

Ben Wallace
Manager start date 04/04/2009
Manager located in London

Biography

Ben joined Henderson in 2011 as an Investment Manager. Prior to that, Ben was a Senior Investment Manager at Gartmore. Before joining Gartmore in 2002, Ben worked at Deutsche Asset Management, where he managed UK equity funds from 1997-2002. Ben graduated from the University of Edinburgh with a BCom (Hons). He is also a member of the UK Society of Investment Professionals.

You can buy or sell holdings in this fund through a NISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Prices as at 20 October 2014. Data as at 31 July 2014.

Wealth 150 fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

Wealth 150+ fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

As investment returns depend on two factors - performance and charges - we have identified from the Wealth 150, the funds we believe offer the very best combination of outstanding performance potential and the best prices. These are the Wealth150+ funds. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

Core Tracker fund

The Core Trackers list represents what we believe are the very best trackers in each of the main sectors. We analysed each fund's management, process and performance to find the best combination of quality and cost. We want to ensure that the fund has not only tracked its index closely in the past, but that it has the best potential to track well in the future. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.



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