Henderson announces plans for Henderson Dividend Income Builder Fund

By Toni Weeks

San Diego, April 5 - Henderson Global Funds announced it is planning a new fund, the Henderson Dividend Income Builder Fund.

The fund will launch with class A, class C and class I shares. Ticker symbols have not yet been set.

The fund will seek current income from a portfolio of securities that exceeds the average yield on global stocks and aims to provide a growing stream of income per share over time. The fund seeks to provide long-term capital appreciation as a secondary objective.

To reach its objective, the fund will, under normal circumstances, invest at least 80% of its net assets in a portfolio of income-producing securities and at least 50% of its assets in equity securities. It will normally invest primarily in dividend-paying equities as well as a range of fixed-income securities, including high-yield corporate bonds, investment-grade bonds, sovereign debt from issuers in the United States and globally, unrated bonds and floating-rate securities.

The portfolio management team will include Alex Crooke, Job Curtis, Jenna Barnard and John Pattullo.

A 1% deferred sales charge will apply to redemptions of purchase of 1 million of more of class A shares within one year of purchase, if purchased with no initial sales charge and if the fund's distributor paid a sales commission on the purchase. Other sales charges, management fees and total annual operating expenses have not yet been determined.

Chicago-based Henderson Global Investors (North America) Inc. will serve as the investment adviser.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.