Fact sheet: Henderson Gart UKAbRn

Fund information
Fund name
Henderson Gartmore United Kingdom Absolute Return I Acc GBP
Fund manager company
Henderson Management SA
Fund type
Offshore Fund
Fund managers
  • Ben Wallacesince 01/03/2010
  • Luke Newmansince 01/03/2010
Fund objective
The Fund aims to achieve a positive absolute return over the long term regardless of market conditions, though a positive absolute return is not guaranteed over any time period. The Fund will typically invest at least 60% of its total assets, by taking long and short positions, in equities or equity related derivative contracts of:- companies having their registered office in the United Kingdom; and- companies that do not have their registered office in the United Kingdom but either (i) carry out a predominant proportion of their business activity in these markets, or (ii) are holding companies which predominantly own companies with registered offices in the United Kingdom, or (iii) are listed on the London Stock Exchange.In addition, in seeking to implement the Fund's investment strategy, manage market exposure and ensure that the Fund remains sufficiently liquid to cover obligations arising from its derivative positions, a substantial proportion of the Fund’s assets may at any time consist of cash, near cash, deposits and/or Money Market Instruments. The Fund will invest in companies of any market capitalisation.Long positions may be held through a combination of direct investment and/or derivative instruments, and short positions will be held through derivative positions, including but not limited to swaps and futures. The use of derivatives forms an important part of the investment strategy.The Fund may also invest at the Investment Manager’s discretion in other Transferable Securities, derivative instruments and collective investment schemes.The Fund may invest up to 40% of its total assets in companies outside of the UK.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
2.1%
1 Year rank in sector
37/131
Sector
FO Absolute Return
Yield
-
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.
1.18%
Fund size
£3,666m (£2,278m 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.
22
Top in this sector
Fund name1 Year
SW Mitchell Emerging European16.7%
Pioneer SICV-AbsRetBd16.1%
Pictet Scv II Dyn Ass Alloc11.2%
Orbis Optimal SA9.3%
Polar Capital UK Abs Eq9%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • UK100%
  • Financials6.8%
    Information Technology6.6%
    Consumer Discretionary4.6%
    Industrials4%
    Consumer Staples1.3%
  • UK Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%-0.4%0.3%2.1%15.8%39.2%
Sector0%-0.5%0.6%0%2.7%9.8%
Rank within sector35 / 14083 / 14079 / 13837 / 1314 / 83-
Quartile1st3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund1.3%7.5%5%--
Sector0.3%0.7%1.2%3.6%3.9%
Rank within sector47 / 13117 / 11513 / 87--
Quartile2nd1st1st
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.
4.2
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.
0.9
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.
0.43
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%.
3.11
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.
2.63
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.
1.56
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.
0.28
Price movement
52 week high11.92
52 week low11.42
Current bid price-
Current offer price-
Current mid price11.82
Region
1UK100%
Industry sector
1Financials6.78%
2Information Technology6.56%
3Consumer Discretionary4.64%
4Industrials4.05%
5Consumer Staples1.32%
6Health Care0.71%
7Telecommunications Utilities0.67%
8Utilities0.56%
9Energy0.52%
Asset type
1UK Equities100%
Individual holdings
1RELX NV8.17%
2AVIVA PLC3.66%
3LEGAL & GENERAL GROUP PLC3.1%
4ROYAL DUTCH SHELL2.6%
5UNILEVER2.4%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Management SA
Fund type
Offshore Fund
Fund objective
The Fund aims to achieve a positive absolute return over the long term regardless of market conditions, though a positive absolute return is not guaranteed over any time period. The Fund will typically invest at least 60% of its total assets, by taking long and short positions, in equities or equity related derivative contracts of:- companies having their registered office in the United Kingdom; and- companies that do not have their registered office in the United Kingdom but either (i) carry out a predominant proportion of their business activity in these markets, or (ii) are holding companies which predominantly own companies with registered offices in the United Kingdom, or (iii) are listed on the London Stock Exchange.In addition, in seeking to implement the Fund's investment strategy, manage market exposure and ensure that the Fund remains sufficiently liquid to cover obligations arising from its derivative positions, a substantial proportion of the Fund’s assets may at any time consist of cash, near cash, deposits and/or Money Market Instruments. The Fund will invest in companies of any market capitalisation.Long positions may be held through a combination of direct investment and/or derivative instruments, and short positions will be held through derivative positions, including but not limited to swaps and futures. The use of derivatives forms an important part of the investment strategy.The Fund may also invest at the Investment Manager’s discretion in other Transferable Securities, derivative instruments and collective investment schemes.The Fund may invest up to 40% of its total assets in companies outside of the UK.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Ben Wallace01/03/2010Ben Wallace joined Henderson as a fund manager in 2011 as part of the Gartmore acquisition. Prior to that, Ben worked with Luke Newman as a Senior Investment Manager at Gartmore. Before joining Gartmore in 2002, Ben worked at Deutsche Asset Management, where he managed UK equity funds from 1997-2002. Ben graduated from the University of Edinburgh with a BCom (Hons). He is also a member of the UK Society of Investment Professionals.
Luke Newman01/03/2010Luke Newman joined Henderson as a fund manager in 2011 as part of the Gartmore acquisition. Prior to that, Luke worked at Gartmore from June 2009 after joining from Altima Partners LLP to manage the Alphagen Octanis & Gartmore UK Absolute Return funds. Previously, Luke was a UK Fund Manager at Deutsche Asset Management running high performance retail and institutional mandates before moving to Foreign & Colonial in 2005, where he launched the F&C Special Situations fund and subsequently the F&C Enhanced Alpha fund which took advantage of the UCITSIII regulations to introduce an active shorting strategy. Luke graduated from the University of Warwick with a BSc Hons in Economics & Politics.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, France, United Kingdom, Guernsey, Isle of Man, Ireland, Italy, Jersey, Luxembourg, Netherlands, Offshore, Portugal, Singapore, Sweden
Henderson Gartmore United Kingdom Absolute Return B Hedged Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.0535
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8PO
Henderson Gartmore United Kingdom Absolute Return G Acc GBP
Initial charge5%
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£50,000,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.6885
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQNX
Henderson Gartmore United Kingdom Absolute Return G Dis GBP
Initial charge5%
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£50,000,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.6943
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFQOP
Henderson Gartmore United Kingdom Absolute Return G Hedged Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£50,000,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.6095
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQNZ
Henderson Gartmore United Kingdom Absolute Return G Hedged Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£50,000,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.6735
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQNY
Henderson Gartmore United Kingdom Absolute Return H Acc GBP
Initial charge5%
Annual charge1%
Min single investment£550,000
Min regular saving£30,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.7081
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQOA
Henderson Gartmore United Kingdom Absolute Return H Dis GBP
Initial charge5%
Annual charge1%
Min single investment£550,000
Min regular saving£30,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.1164
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEAAL
Henderson Gartmore United Kingdom Absolute Return H Hedged Acc CHF
Initial charge5%
Annual charge1%
Min single investment£750,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4.9857
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE87K
Henderson Gartmore United Kingdom Absolute Return H Hedged Acc EUR
Initial charge5%
Annual charge1%
Min single investment£750,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.6079
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQOC
Henderson Gartmore United Kingdom Absolute Return H Hedged Acc USD
Initial charge5%
Annual charge1%
Min single investment£750,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.6857
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQOB
Henderson Gartmore United Kingdom Absolute Return I Acc GBP
Initial charge5%
Annual charge1%
Min single investment£25,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.8247
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFC8Z
Henderson Gartmore United Kingdom Absolute Return I Hedged Acc CHF
Initial charge5%
Annual charge1%
Min single investment£25,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.1673
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVLH
Henderson Gartmore United Kingdom Absolute Return I Hedged Acc EUR
Initial charge5%
Annual charge1%
Min single investment£25,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price7.0401
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIQC8
Henderson Gartmore United Kingdom Absolute Return I Hedged Acc USD
Initial charge5%
Annual charge1%
Min single investment£25,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price6.7997
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMWA1
Henderson Gartmore United Kingdom Absolute Return R Acc GBP
Initial charge5%
Annual charge1.5%
Min single investment£2,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price2.964
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGR59
Henderson Gartmore United Kingdom Absolute Return R Acc JPY
Initial charge5%
Annual charge1.5%
Min single investment£350,000
Min regular saving£70,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price551.7943
CurrencyJPY
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQOD
Henderson Gartmore United Kingdom Absolute Return R Hedged Acc CHF
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4.9639
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8PP
Henderson Gartmore United Kingdom Absolute Return R Hedged Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price6.8937
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIQC9
Henderson Gartmore United Kingdom Absolute Return R Hedged Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.6529
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFDZJ
Data provided by

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