Henderson Launches High Yield Opportunities Fund
Fund has a seasoned team and a focused portfolio
CHICAGO, April 30, 2013 /PRNewswire/ -- International investment manager Henderson Global Investors (Henderson) has launched the Henderson High Yield Opportunities Fund (HYOAX, HYOCX, HYOIX), a mutual fund that seeks to obtain total return and current income by investing in high-yield bonds and select investment grade fixed-income securities.
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The Fund will be managed by Henderson's six-member US credit team, headed by Kevin Loome. The team joined Henderson in February of this year from Delaware Investments and this is the first fund to be developed for them. The team utilizes a fundamental credit research process and leverages a bottom-up security selection approach – emphasizing cash flow projections, total return potential and liquidity analysis – to create a diversified and focused portfolio of between 50 and 100 holdings.
While the Fund primarily invests in high-yield corporate bonds, up to 20 percent of the portfolio's assets may be allocated to fixed-income securities rated investment grade. Those securities include US and non-US government securities, collateralized bond obligations and corporate bonds, with as much as 25 percent of the Fund's net assets invested in securities from foreign issuers.
"The combination of our investment approach, underpinned by fundamental and proprietary credit research, and our global team's close collaboration allow us to construct a focused 'best ideas' portfolio of high-yield bonds and select investment-grade securities from issuers all over the world," said Kevin Loome, Henderson's Head of US Credit and the Fund's Portfolio Manager. "At a time when interest rates are hovering at historic lows, Henderson is offering investors access to the most attractive high-yield securities from across the globe."
Chuck Thompson, Director of US Retail, added, "This fund is a key addition to our fixed-income fund line-up as it completes the credit spectrum and reinforces our dedication to provide our clients with products that are both global and truly differentiated. Henderson is now recognized as a global leader in both equities and fixed income with an experienced credit team managing over $27 billion in assets1."
Advisors and investors can access more information about the Fund through the Henderson Global Funds interactive iPad app, which was launched earlier this year. It offers a deeper understanding of Henderson's global products and investment expertise. The free app is part of Henderson's broader strategy to connect with advisors and investors via YouTube, Twitter and Facebook, as well as the Henderson website.
About Henderson Global Investors
Henderson Global Investors (North America) Inc. ("Henderson") is the US subsidiary of Henderson Group, the holding company of the investment management group Henderson Global Investors, a global investment management firm established in 1934. With $106.7 billion in assets under management as of December 31, 2012, offices in 16 countries and around 1014 employees worldwide, Henderson Global Investors follows a client-led philosophy while providing its institutional, retail and high net worth clients with access to highly skilled investment professionals representing a broad range of asset classes.
Since 2001, Henderson has been offering US investors the opportunity to "own a piece of the world" through its family of globally focused mutual funds. Henderson follows a differentiated, opportunistic investment philosophy combining local knowledge with worldwide reach. For more information, visit www.hendersonglobalinvestors.com.
Press inquiries
James Doyle, Jennifer Connelly Public Relations
973.850.7308 / [email protected]
Richard Acworth, Henderson Press Office
Office: +44 2078 183 010 / [email protected]
1 As of 12/31/12
International investing involves certain risks and increased volatility not associated with investing solely in the US. These risks included currency fluctuations, economic or financial instability, lack of timely or reliable financial information or unfavorable political or legal developments. The Fund may invest in limited geographic areas and/ or sectors which may result in greater market volatility. In addition, the Fund may invest in derivatives. Derivatives involve special risks different from, and potentially greater than, the risks associated with investing directly in securities and may result in greater losses.
The High Yield Opportunities Fund may invest in illiquid securities and is subject to investment company risk, interest rate risk, credit/default risk and high yield securities risk. Investments in high yield securities may offer more attractive returns than higher-rated securities, but the potentially higher yield is a function of the greater risk that a particular security may default. The Fund's share price and yield will be affected by interest rate movements, with bond prices generally moving in the opposite direction from interest rates. During periods of rising interest rates, the value of a bond investment is at greater risk than during periods of stable or falling rates. The Fund may be subject to frequent trading which may result in a turnover rate of 100% or more. Credit risk refers to the bond issuers ability to make timely payments of principal and interest. The Fund may employ leverage and use bank borrowings to increase the amount of money the Fund can invest. The use of leverage may result in increased volatility of returns as it presents the opportunity for increased net income and capital gains, but also exaggerates the Fund's risk of loss. Unsecured bank loans may not provide the Fund with payment of principal, interest, and other amounts due. Loans or securities that are part of highly leveraged transactions involve a greater risk (including default and bankruptcy) than other investments. The Fund invests in a smaller number of securities than the average mutual fund and the change in value of a single holding may have a more pronounced effect on the Fund's net asset value and performance.
One should consider the investment objectives, risks, fees and expenses of any mutual fund carefully before investing. This and other important information is available in the Fund's prospectus and summary prospectus which are available at www.hendersonglobalinvestors.com, by calling 1.866.443.6337 or by contacting your financial advisor. Please read the prospectus and summary prospectus carefully before investing.
Foreside Fund Services, LLC, distributor (4/13) HGF-28979-13
SOURCE Henderson Global Investors
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