annual report july 31 2005 european focus fund global technology international opportunities income advantage us core growth henderson funds 35494fnl 9 12 05 28 pm page cvr1 letter to shareholders 1 commentary 2 performance summary 3 4 5 6 7 8 10 11 portfolios of investments statement assets and liabilities 24 operations 26 statements changes in net 27 capital stock activity 32 financial highlights 38 notes 44 independent registered public accounting firm 50 unaudited information 51 trustees officers 55 table contents 53 am cvr2 privacy notice this describes the practices followed by your is our top priority policy respect current former protect personal entrusted we do not share any nonpublic or with nonaffiliated third parties
