Henderson Global Equity Income A (HFQAX) a Zacks Rank #5 (Strong Sell) was incepted in November 2006. HFQAX seeks high current income and steady capital appreciation. HFQAX invests lion’s share of its assets in equity securities that produce high level of income. HFQAX invests in securities of companies throughout the globe including the U.S. HFQAX generally invest a maximum of quarter of its assets emerging market securities.
This fund, as of the last filing, allocates their fund in three major groups; Foreign Stock, High Yield Bond and Emerging Market. Further, as of the last filing, Royal Dutch Shell (LON:RDSa), British American Tobacco (LON:BATS) and BP (LON:BP) were the top holdings for HFQAX.
Henderson Global Equity Income A, managed by Henderson, carries an expense ratio of 1.09%. Moreover, HFQAX requires a minimal initial investment of $500.
HFQAX has a history of discouraging total returns for over 5 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year -1.00%, 3 year 0.49% and 5 year 6.33%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
HFQAX’s performance, as of the last filing, when compared to funds in its category was in the top 73% in 1 year, top 76% over the past 3 years, and in the 72% over the past 5 years.
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Zacks Investment Research