Henderson to launch Henderson High Yield Opportunities Fund

By Toni Weeks

San Diego, Jan. 11 - Henderson Global Funds announced plans to offer the Henderson High Yield Opportunities Fund, according to an N-1A filing with the Securities and Exchange Commission.

The fund will seek total return with current income as a secondary objective by investing at least 80% of its net assets in high-yield securities rated at time of purchase. Investments will be primarily in high-yield corporate bonds but also may include loans, municipal bonds, mortgage-backed and asset-backed securities, convertible securities, preferred stocks and common stocks. The fund may invest in investment-grade fixed-income securities, and it may invest up to 25% of its net assets in debt securities of foreign issuers or denominated in foreign currency, including emerging market countries.

The portfolio managers have not been named.

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

Class C shares will have a 1% maximum deferred sales charge, and class A shares will be subject to a maximum sales charge that has not yet been determined.

Management fees and total annual fund operating expenses also have not been determined yet.

Chicago-based Henderson Global Investors (North America) Inc. is the investment adviser to the fund.

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