Fact sheet: Henderson Eurpn Abs Ret

Fund information
Fund name
Henderson European Absolute Return I Acc
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund managers
  • John Bennettsince 01/01/2011
Fund objective
The fund aims to provide a long-term positive return, whether equity markets go up or down, by investing primarily in European (including the UK) company shares. Derivatives will be used to help the fund achieve its objective. The fund aims to typically deliver absolute (more than zero) returns in each year, although an absolute return performance is not guaranteed. Over the short term it may experience periods of negative returns so the fund may not achieve this objective.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
-1%
1 Year rank in sector
49/72
Sector
UT Targeted Absolute Return
Yield
0.3%
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.
0.87%
Fund size
£69m (£135m last year)
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.
34
Mid price
162.2
Top in this sector
Fund name1 Year
Majedie Tortoise24.7%
Jupiter Absolute Return12.2%
CF Ruffer Absolute Return9.7%
Threadneedle Tgt Rtn9.2%
7IM Unconstrained8.6%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • Germany6.5%
    Switzerland6.3%
    UK6.3%
    Netherlands4.7%
    Sweden3.4%
  • Financials15%
    Industrials11.9%
    Health Care8.1%
    Energy3.1%
    Materials2.8%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.9%0.9%1.1%-1%12.8%47.6%
Sector-0.6%-0.5%0.9%-0.1%5.5%14.8%
Rank within sector3 / 7420 / 7441 / 7249 / 7218 / 583 / 47
Quartile1st2nd3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund-1.3%3.7%7.2%25.8%6.9%
Sector-0.1%2.2%2.5%6.5%3.3%
Rank within sector51 / 7219 / 6710 / 584 / 5311 / 47
Quartile3rd2nd1st1st1st
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.
0.43
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.
1.53
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.
0.01
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%.
4.28
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.
3.39
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.
0.43
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.
0.42
Price movement
52 week high164.9
52 week low156.2
Current bid price-
Current offer price-
Current mid price162.2
Region
1Germany6.5%
2Switzerland6.3%
3UK6.3%
4Netherlands4.7%
5Sweden3.4%
6Denmark3%
7Belgium2.3%
8Finland2.3%
9Norway2.2%
Industry sector
1Financials15%
2Industrials11.9%
3Health Care8.1%
4Energy3.1%
5Materials2.8%
6Information Technology2.7%
7Consumer Discretionary2.5%
8Consumer Staples2.5%
9Telecommunications Utilities-1.3%
Asset type
No data available.
Individual holdings
1NOVARTIS AG2.2%
2ROCHE HLDG AG2%
3DNB ASA1.6%
4AUTOLIV INC1.5%
5SAP SE1.5%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund objective
The fund aims to provide a long-term positive return, whether equity markets go up or down, by investing primarily in European (including the UK) company shares. Derivatives will be used to help the fund achieve its objective. The fund aims to typically deliver absolute (more than zero) returns in each year, although an absolute return performance is not guaranteed. Over the short term it may experience periods of negative returns so the fund may not achieve this objective.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
John Bennett01/01/2011John Bennett has a 28-year track record of managing European equities. He joined Henderson as a Director of European Equities in April 2011, as part of the Gartmore acquisition. John manages a number of Continental and Pan European funds as well as European long/short funds. John joined Gartmore in 2010 from GAM where he spent 17 years as a fund manager. During this time he managed their flagship European long only and European equity long/short hedge fund, which was launched in June 1998. Prior to GAM, John was a fund manager at Ivory and Sime and has been a Member of the Chartered Institute of Bankers in Scotland since 1987.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Spain, United Kingdom, Italy
Henderson European Absolute Return A Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.76%
Bid price-
Offer price-
Mid price154.9
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDDO4
Henderson European Absolute Return I Acc
Initial charge5%
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price162.2
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDDO3
Henderson European Absolute Return IH Acc
Initial charge5%
Annual charge0.75%
Min single investment£3,500,000
Min regular saving£12,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.558
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKAVU
Henderson European Absolute Return IH Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£15,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.568
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKCCZ
Data provided by

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