Fact sheet: Henderson Divfd Inc

Fund information
Fund name
Henderson Diversified Income LD Ord
Fund manager company
Henderson Global Investors Ltd
Fund type
Investment Trust
Fund managers
  • Jenna Barnardsince 17/07/2007
  • John Pattullosince 17/07/2007
Fund objective
The Company seeks to provide shareholders with a high level of income, and capital growth over the long term. The Company aims to deliver these outcomes by investing selectively across the full spectrum of fixed income asset classes including secured loans, high yield corporate bonds and investment grade corporate bonds.
Benchmark
  • LIBOR + 1.25%
Investment style
None
Investment method
None
Quick stats
1 Year return
7.1%
1 Year rank in sector
2/2
Sector
IT Global High Income
Yield
5.6%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.56%
Fund size
£0m
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.
53
Mid price
91
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.
88.6
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.
+4.40
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.
119
Top in this sector
Fund name1 Year
Invesco Perp Enhcd Inc Ltd14.9%
Henderson Divfd Inc7.1%
...more in IT Global High Income

Performance snapshot

Holdings snapshot

  • Europe45.4%
    UK36.3%
    North America35.5%
    Asia Pacific0.6%
    Money Market-17.8%
  • Fixed Interest84.2%
    Debt30.9%
    Equities2.4%
    Derivatives0.3%
    Foreign Exchange-0.4%
  • European Fixed Interest45.4%
    UK Fixed Interest36.3%
    North American Fixed Interest35.5%
    Asia Pacific Fixed Interest0.6%
    Money Market-17.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-1.3%5.4%7.1%21.6%69.3%
Sector-0.8%0.4%8.6%11%16.3%34.5%
Rank within sector1 / 22 / 22 / 22 / 22 / 22 / 2
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund7.5%3.7%8.4%10.3%28.9%
Sector12.6%1.8%2.2%1.7%15.4%
Rank within sector2 / 21 / 22 / 22 / 22 / 2
Quartile
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.
2.65
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.
0.61
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.
0.44
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%.
5.54
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.
4.72
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.
0.11
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.
0.51
Price movement
52 week high94.75
52 week low84.5
Current bid price90
Current offer price91
Current mid price91
Region
1Europe45.42%
2UK36.35%
3North America35.47%
4Asia Pacific0.58%
5Money Market-17.81%
Industry sector
1Fixed Interest84.19%
2Debt30.88%
3Equities2.39%
4Derivatives0.34%
5Foreign Exchange-0.39%
6Money Market-17.42%
Asset type
1European Fixed Interest45.42%
2UK Fixed Interest36.35%
3North American Fixed Interest35.47%
4Asia Pacific Fixed Interest0.58%
5Money Market-17.81%
Individual holdings
1VERIZON COMMUNICATIONS INC 6.55% BDS 15/09/43 USD20002.2%
2VIRGIN MEDIA SECURED FINANCE PLC 6.25% BDS 28/03/29 GBP100000REG S2.1%
3ORANGE 5.75% 20492%
4AT&T 4.75% 20461.9%
5CO-OPERATIVE GROUP 2011 7.50% 20261.9%
6NATIONWIDE CCDS1.8%
7CHARTER COMMUNICATIONS OPT LLC/CAP 6.484% BDS 23/10/45 USD2000 144A1.6%
8ARAMARK SERVICES 4.75% 20261.5%
9AVIVA 6.125% 20491.4%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
Investment Trust
Fund objective
The Company seeks to provide shareholders with a high level of income, and capital growth over the long term. The Company aims to deliver these outcomes by investing selectively across the full spectrum of fixed income asset classes including secured loans, high yield corporate bonds and investment grade corporate bonds.
Benchmark
  • LIBOR + 1.25%
Investment style
None
Investment method
None
Fund managers
NameSinceBiography
Jenna Barnard17/07/2007Jenna Barnard is Co-Head of Strategic Fixed Income, co-managing a number of funds alongside John Pattullo. Jenna joined Henderson in 2002 as a credit analyst and progressed to Credit Portfolio Manager in 2004. Prior to joining Henderson, Jenna worked as an investment analyst with Orbitex Investments. Jenna holds a first class BA (Hons) degree in Politics, Philosophy & Economics from Oxford University. She is a CFA charterholder, and an affiliate member of UKSIP. Jenna is a Member of the Society of Technical Analysts having passed the STA Diploma exam.
John Pattullo17/07/2007John Pattullo is the Co-Head of Strategic Fixed Income at Henderson. With more than 20 years of experience investing in the credit markets, John co-manages a number of funds with Jenna Barnard. Prior to joining Henderson in 1997, John spent four years as a chartered accountant at PricewaterhouseCoopers. John has an MA (Hons) in Economics from the University of St Andrews. He is a member of the Institute of Chartered Accountants of Scotland and an Associate Member of the Society of Investment Professionals.
Compliance
AIC Member, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Jersey, Offshore
Henderson Diversified Income LD Ord
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 price86.6
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJFS
Data provided by

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