Pan European Property Equities Fund
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Henderson Horizon PAN EUROPEAN PROPERTY EQUITIES FUND Fund facts at 31 May 2016 Launch date About the fund 01 July 1998 The investment objective of the Pan European Property Equities Fund is to seek long-term capital Base currency appreciation by investing at least 75% of its total assets in quoted equity securities of companies EUR or Real Estate Investment Trusts (or their equivalents) having their registered offices in the EEA Benchmark and listed or traded on a regulated market, which derive the main part of their revenue from the FTSE EPRA/NAREIT ownership, management and/or development of real estate in Europe. Developed Europe Capped Index Top 10 holdings (%) Country breakdown (%) Minimum investment or currency Deutsche Wohnen 8.7 United Kingdom 38.7 equivalent Land Securities Group 8.5 Germany 20.0 €2,500 Unibail-Rodamco 7.7 Netherlands 12.1 British Land 7.2 France 11.6 Subscription mode Vonovia 5.3 Sweden 6.1 Cash Eurocommercial Properties 4.4 Spain 5.8 Fund size Klepierre 4.2 Ireland 1.9 €533.13m Great Portland Estates 4.1 Switzerland 1.7 Safestore 3.9 Italy 0.5 NAV Hemfosa Fastigheter 3.7 Bermuda 0.0 A2 EUR: 41.79 Total number of holdings 35 Cash 1.6 A1 EUR: 35.51 YTD High/Low NAV Performance in EUR (A2 EUR) A2 EUR: 41.98/35.52 Percentage growth, 31 May 11 to 31 May 16. A1 EUR: 35.66/30.18 Initial charge 220 Up to 5.00% 190 Annual management fee 1.20% pa 160 TER (%)*** 1.84 130 Performance fee 10% of the 'Relevant Amount' 100 Investors should refer to the 70 May May May May May May prospectus of the Fund for full 11 12 13 14 15 16 details on fee structure. Trading frequency Fund (A2 EUR) (93.4%) Daily Benchmark (70.4%) (A2) EUR Codes Previous to 1 July 2009 the benchmark was ISIN: LU0088927925 called FTSE/EPRA NAREIT Developed Europe Bloomberg: HENEPSI LX (UK Restricted) TR Index. (A1) EUR Codes Performance A2 EUR A2 EUR Index ISIN: LU0209156925 % change (with sales Bloomberg: HENEPSA LX charge)** Ratings 1 month 4.0 -1.2 3.2 Morningstar QQQQ rating - 3 Months 12.4 6.8 9.5 Published NAV 1 year 5.1 -0.1 2.1 • Bloomberg 3 years (p.a.) 20.0 17.9 15.5 • The Business Times 5 years (p.a.) 14.1 12.9 11.3 • www.henderson.com/sg Since inception (p.a.)* 8.2 7.9 9.3 Source: at 31 May 16. © 2016 Morningstar. All rights reserved, on a bid to bid basis, with gross income reinvested. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. *The A2 EUR share class was launched on 01 July 1998. Past performance is not a guide to future performance. Notes ** Source: Henderson Global Investors Limited, calculated on a NAV to NAV basis for Accumulation (A2) shares, net of 5% initial charge, with gross income reinvested at NAV price. Note: The performance calculation is based on a maximum initial sales charge of 5%. The actual initial sales charge paid by the unitholder may be different based on the discount, if any, applied by distributors. As such, the performance return may differ based on the discount, if any, applied Fund manager by distributors. Guy Barnard Refer to the prospectus for more details on shares classes offered. *** Refer to Annual Report and Accounts for more information. Important information This document has been prepared by Henderson Global Investors (Singapore) Limited, who is the Singapore Representative of the Henderson Horizon Fund – Pan European Property Equities Fund (the “Fund”), and is distributed by authorised distributors. The information contained in the document has not been reviewed or endorsed by the MAS. The prospectus and Product Highlights Sheet (“PHS”) of the Fund is available and may be obtained from the Singapore Representative’s office and the participating distributors’ offices. Investors should read the prospectus and PHS before deciding whether to invest in the units of the Fund. An investment in collective investment schemes/funds, and/or other investment products is subject to investment risks, including the possible loss of the principal amount invested. The value of the units and the income from the Fund may fall as well as rise. The fund may intend to use or invest in financial derivative instruments. Past performance or any forecast made is not necessarily indicative of the future or likely performance of the Fund. Investments in and the rate of return for the Fund are not obligations of, deposits in, guaranteed or insured by Henderson Global Investors or any of its affiliates or appointed distributors. The information is strictly for information purposes only and should not be construed as an offer or solicitation to deal in the Fund. No representation or warranty, express or implied, is made or given by or on behalf of Henderson Global Investors or its employees as to the accuracy, validity or completeness of the information or opinions contained in this document. Unless otherwise stated, the source of information is from Henderson Global Investors. For further information please visit our website at www.henderson.com/sg Henderson Global Investors (Singapore) Limited Address: 6 Battery Road, #12-01, Singapore 049909 Tel: (65) 6836 3900 Fax: (65) 6221 0039 Website: www.henderson.com/sg Company Registration No. 199700782N Date of issue: June 2016.