Fact sheet: Henderson GartmoreJpAbRn

Fund information
Fund name
Henderson Gartmore Japan Absolute Return R Acc JPY
Fund manager company
Henderson Management SA
Fund type
Offshore Fund
Fund managers
  • Vincent Musumecisince 30/06/2015
Fund objective
The Fund aims to achieve a positive absolute return over the long term regardless of market conditions, by taking long and short positions at any given time in equities or equity related derivative contracts of: - companies having their registered office in Japan; and- companies that do not have their registered office in Japan 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 Japanalthough all or a substantial proportion of the assets of the Fund 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, primarily 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.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
-1.2%
1 Year rank in sector
82/132
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.
1.92%
Fund size
£1,137m (£2,377m 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.
100
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd17.9%
Polar Capital UK Abs Eq10.3%
SW Mitchell Emerging European9.6%
Orbis Optimal SA9.4%
Orbis Optimal USD9.4%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • Japan100%
  • Other Financial30.6%
    Transport6.8%
    Health Care4.3%
    Real Estate & Construction3%
    Foods1.1%
  • Japanese Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-0.3%0.2%-1.2%5.7%10.5%
Sector-0.5%-0.4%0.4%-0.4%2.2%9.7%
Rank within sector64 / 14176 / 14179 / 13882 / 13217 / 8332 / 64
Quartile2nd3rd3rd3rd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund-1.4%5%0.4%8.1%-1.1%
Sector0.1%0.7%1.2%3.6%3.9%
Rank within sector91 / 13224 / 11549 / 8819 / 7159 / 63
Quartile3rd1st3rd2nd4th
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.
1.63
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.
0.23
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%.
3.31
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.
3.56
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.
0.21
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.
0.02
Price movement
52 week high626.19
52 week low604.24
Current bid price-
Current offer price-
Current mid price615.54
Region
1Japan100%
Industry sector
1Other Financial30.6%
2Transport6.8%
3Health Care4.3%
4Real Estate & Construction3%
5Foods1.1%
6Metal Products1.1%
7Oil & Gas1.1%
8Services1%
9Consumer Goods0.6%
Asset type
1Japanese Equities100%
Individual holdings
1NIPPON YUSEN KK3.1%
2JAPAN POST BANK CO LTD2.5%
3MITSUBISHI MOTORS1.5%
4MITSUI FUDOSAN1.5%
5KOSE1.3%
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, by taking long and short positions at any given time in equities or equity related derivative contracts of: - companies having their registered office in Japan; and- companies that do not have their registered office in Japan 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 Japanalthough all or a substantial proportion of the assets of the Fund 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, primarily 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.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Vincent Musumeci30/06/2015Vincent joined Henderson Global Investors in 2011 via the acquisition of Gartmore. His research responsibilities are primarily for industrial and commodity cyclical sectors. Vincent is based in Singapore and manages the Japanese sub-portfolio of the Henderson International Opportunities Fund. Prior to joining Gartmore in 2006, Vincent worked for Mizuho Securities and ABN Amro Securities in equity research as an economist covering the Japanese economy. Vincent has a bachelor's degree in Economics from Macquarie University, Sydney Australia, and an MBA from Hitotsubashi University Graduate School of International Corporate Strategy, Tokyo Japan. Vincent is a CFA charter holder.
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, Finland, France, United Kingdom, Gulf Cooperation Council, Greece, Isle of Man, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Sweden
Henderson Gartmore Japan 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)1.92%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price615.54
CurrencyJPY
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGR55
Henderson Gartmore Japan 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)1.92%
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price5.4927
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIXB4
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