Fact sheet: Henderson AltStgTrsPLC

Fund information
Fund name
Henderson Alternative Strategies Trust PLC Ord 25P
Fund manager company
Henderson Global Investors Ltd
Fund type
Investment Trust
Fund managers
  • Ian Barrasssince 31/03/2013
  • James de Bunsensince 29/06/2014
Fund objective
The Company exploits global opportunities to provide long-term growth to shareholders via a diversified, international, multi-strategy portfolio which offers access also to specialist funds including hedge and private equity. The Company aims to outperform the FTSE World Index on a total return basis.
Benchmark
  • FTSE World
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
21.7%
1 Year rank in sector
5/12
Sector
IT Flexible Investment
Yield
1.2%
Fund size
£114m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
66
Mid price
264.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
318.42
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-17.40
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
UIL40.2%
JZ Cap Partners35.8%
New Star IT PLC35.6%
Miton Gbl Opps PLC32.8%
Henderson AltStgTrsPLC21.7%
...more in IT Flexible Investment

Performance snapshot

Holdings snapshot

  • Eurozone37.6%
    North America26.4%
    Others13.6%
    Money Market6.2%
    Asia Pacific5.5%
  • Equities100%
  • Eurozone Equity 37.6%
    North American Equities26.4%
    International Equities13.6%
    Money Market6.2%
    Asia Pacific Equities5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%9%20.8%21.7%8.7%-1%
Sector-0.9%1.9%9.9%11.6%17.4%26.5%
Rank within sector3 / 133 / 135 / 125 / 1211 / 1211 / 11
Quartile1st1st2nd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund22%-4.7%-5%4.6%-15.4%
Sector11.2%3.3%3.9%5.7%1%
Rank within sector5 / 1212 / 1211 / 129 / 1211 / 11
Quartile2nd4th4th3rd4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-6.19
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.56
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
9.88
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
7.29
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.47
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.52
Price movement
52 week high264.5
52 week low202
Current bid price262
Current offer price267
Current mid price264.5
Region
1Eurozone37.6%
2North America26.4%
3Others13.6%
4Money Market6.2%
5Asia Pacific5.5%
6Eastern Europe5.2%
7Russia3.5%
8Emerging Asia2%
Industry sector
1Equities100%
Asset type
1Eurozone Equity 37.6%
2North American Equities26.4%
3International Equities13.6%
4Money Market6.2%
5Asia Pacific Equities5.5%
6European Equities5.2%
7Russian Equities3.5%
8Asia Pacific Emerging Equities2%
Individual holdings
1BLACKROCK EUROPEAN HEDGE FUND5.6%
2CEIBA INVESTMENTS LTD5.6%
3RIVERSTONE ENERGY LIMITED ORD NPV4.8%
4MAJEDIE TORTOISE A GBP4.6%
5MANTRA INVESTISSEMENT SCA4.6%
6SCHRODER GAIA INDUS PACIFICHOICE GBP4.2%
7BLACKSTONE BLACKSTONE/GSO LOAN FINANCING LIMITED4%
8BARING VOSTOK INC PCC-CORE USD3.7%
9SUMMIT GERMANY LTD3.7%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
Investment Trust
Fund objective
The Company exploits global opportunities to provide long-term growth to shareholders via a diversified, international, multi-strategy portfolio which offers access also to specialist funds including hedge and private equity. The Company aims to outperform the FTSE World Index on a total return basis.
Benchmark
  • FTSE World
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ian Barrass31/03/2013Ian has recently taken over as fund manager of Henderson Private Equity Investment Trust PLC. He has over twenty years of finance experience encompassing private equity and infrastructure investment, senior debt lending and major corporate and project financial advisory assignments. Ian also manages Henderson Equity Partners' fund of funds portfolios. He joined Henderson Equity Partners in 2005 having previously worked for Citigroup and Charterhouse Bank Limited. Ian has a BA (Hons) in Modern History from Oxford University.
James de Bunsen29/06/2014James joined Henderson from multi-asset boutique, Armstrong Investment Managers. At AIM he helped run a number of multi-asset strategies focussing on generating real returns above inflation within clearly defined risk budgets. Prior to joining Armstrong, James spent five years at Insight Investment as part of a multi-asset team that launched the first retail multi-asset fund in the UK and had £1.5bn AUM. At Insight he had particular focus on investment selection and fund manager due diligence. Before Insight, James spent several years working as a journalist and editor across a variety of business magazines. James graduated from the University of Manchester and has since completed both the IMC and CFA examinations
Compliance
AIC Member, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Henderson Alternative Strategies Trust PLC Ord 25P
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.93%
Bid price262
Offer price267
Mid price264.5
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSA72
Henderson Alternative Strategies Trust PLC Ord 25p
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price318.34
CurrencyGBX
Price updated25/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJLV
Data provided by

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