Fact sheet: Henderson HzPanEurAlp

Fund information
Fund name
Henderson Horizon Pan European Alpha I2 Acc EUR
Fund manager company
Henderson Management SA
Fund type
Offshore Fund
Fund managers
  • John Bennettsince 17/12/2012
Fund objective
The investment objective of the Pan European Alpha Fund is to seek long-term capital appreciation through exposure primarily to European equities. At least two-thirds of the Fund’s total assets (after deduction of cash) will be invested in equity securities and equity related instruments (excluding convertible debt securities) of companies that are domiciled in Europe (including the UK) or derive the majority of their revenue from business activities in this region.The Investment Manager will adopt a broad range of investment strategies using a diversified range of instruments with a view to enhancing the performance of the Fund. Particularly, the Investment Manager will employ an approach to investment decisions using primarily a Fundamental strategy as further described under the Section ‘General Policies applicable to Funds making active use of derivatives’ of this Prospectus.The Fund’s approach will be implemented principally through investment in equity securities and contracts-for-difference but may in addition use the following instruments in accordance with the Section ‘Investment Restrictions’ of this Prospectus: options, futures and forwards on stocks and indices, index baskets and derivatives, Real Estate Investment Trusts, warrants, preferred stock, OTC swaps including equity swaps and asset swaps, currency forwards.On an ancillary basis, and for defensive purposes, the Fund may also invest in government, government agency and corporate bonds and their associated derivative securities, preferred stock and monetary instruments, and may hold cash or treasury bills pending reinvestment. The Investment Manager may from time to time consider hedging currency and interest rate exposure, but will not generally enter into contracts involving a speculative position in any currency or interest rate.
Benchmark
  • Euro Base Rate (Euro Main Refinancing Rate)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-2%
1 Year rank in sector
54/227
Sector
FO Equity - Europe inc UK
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%
Fund size
£1,169m (£1,905m 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.
33
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European23.3%
GS Eur CORE Eq Portfolio20.7%
JOHCM European Sel Val16%
EP Pan European Opportunities14.3%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • Money Market63.1%
    Germany9.6%
    Switzerland6.1%
    Netherlands4.7%
    Sweden3.4%
  • Money Market63.1%
    Banks5.3%
    Pharmaceuticals5.2%
    Services3.8%
    Automotive3.2%
  • Money Market63.1%
    German Equities9.6%
    Swiss Equities6.1%
    Dutch Equities4.7%
    Swedish Equities3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3%0.5%0.4%-2%9.7%39.9%
Sector3.3%-1.8%-0.9%-5.4%14.5%57.8%
Rank within sector107 / 23354 / 23487 / 23254 / 227157 / 200154 / 175
Quartile2nd1st2nd1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-2.2%2.8%7.2%21%5.4%
Sector-4.4%11.1%4.2%21.1%17.6%
Rank within sector75 / 228192 / 21363 / 200106 / 188174 / 177
Quartile2nd4th2nd3rd4th
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.
1.67
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.
0.2
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%.
4.05
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.
10.38
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.
-0.1
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.
0.35
Price movement
52 week high16.32
52 week low15.32
Current bid price-
Current offer price-
Current mid price15.91
Region
1Money Market63.1%
2Germany9.55%
3Switzerland6.07%
4Netherlands4.7%
5Sweden3.43%
6Denmark3.02%
7Belgium2.3%
8Norway2.21%
9USA1.53%
Industry sector
1Money Market63.1%
2Banks5.28%
3Pharmaceuticals5.21%
4Services3.82%
5Automotive3.23%
6Health Care2.03%
7Insurance1.99%
8Electronic & Electrical Equipment1.84%
9Software1.53%
Asset type
1Money Market63.1%
2German Equities9.55%
3Swiss Equities6.07%
4Dutch Equities4.7%
5Swedish Equities3.43%
6Danish Equities3.02%
7Belgian Equities2.3%
8Norwegian Equities2.21%
9US Equities1.53%
Individual holdings
1ROCHE HLDG AG1.8%
2NOVARTIS AG1.77%
3CONTINENTAL AG1.57%
4RELX NV1.54%
5AUTOLIV INC1.53%
6SAP SE1.52%
7DNB ASA1.48%
8MUNCHENER RUCKVERSICHERUNGS AG1.28%
9NORDEA BANK AB1.28%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Management SA
Fund type
Offshore Fund
Fund objective
The investment objective of the Pan European Alpha Fund is to seek long-term capital appreciation through exposure primarily to European equities. At least two-thirds of the Fund’s total assets (after deduction of cash) will be invested in equity securities and equity related instruments (excluding convertible debt securities) of companies that are domiciled in Europe (including the UK) or derive the majority of their revenue from business activities in this region.The Investment Manager will adopt a broad range of investment strategies using a diversified range of instruments with a view to enhancing the performance of the Fund. Particularly, the Investment Manager will employ an approach to investment decisions using primarily a Fundamental strategy as further described under the Section ‘General Policies applicable to Funds making active use of derivatives’ of this Prospectus.The Fund’s approach will be implemented principally through investment in equity securities and contracts-for-difference but may in addition use the following instruments in accordance with the Section ‘Investment Restrictions’ of this Prospectus: options, futures and forwards on stocks and indices, index baskets and derivatives, Real Estate Investment Trusts, warrants, preferred stock, OTC swaps including equity swaps and asset swaps, currency forwards.On an ancillary basis, and for defensive purposes, the Fund may also invest in government, government agency and corporate bonds and their associated derivative securities, preferred stock and monetary instruments, and may hold cash or treasury bills pending reinvestment. The Investment Manager may from time to time consider hedging currency and interest rate exposure, but will not generally enter into contracts involving a speculative position in any currency or interest rate.
Benchmark
  • Euro Base Rate (Euro Main Refinancing Rate)
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
John Bennett17/12/2012John 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
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Isle of Man, Ireland, Italy, Liechtenstein, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Henderson Horizon Pan European Alpha A1 Inc EUR
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price14.88
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeZ642
Henderson Horizon Pan European Alpha A1 Inc GBP
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price9.78
CurrencyGBP
Price updated20/05/2011
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeZ641
Henderson Horizon Pan European Alpha A1 Inc SGD
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price19.61
CurrencySGD
Price updated20/05/2011
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCRU5
Henderson Horizon Pan European Alpha A1 Inc USD
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price15.87
CurrencyUSD
Price updated20/05/2011
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeZ640
Henderson Horizon Pan European Alpha A2 Acc EUR
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price14.92
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK864
Henderson Horizon Pan European Alpha A2 Acc USD
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price16.11
CurrencyUSD
Price updated20/05/2011
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZ650
Henderson Horizon Pan European Alpha A2 Hedged Acc GBP
Initial charge5%
Annual charge1.2%
Min single investment£1,500
Min regular saving£300
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.02
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQ2Z
Henderson Horizon Pan European Alpha A2 Hedged Acc USD
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price13.12
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG65O
Henderson Horizon Pan European Alpha A2 Hedged SGD
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.28
CurrencySGD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFK5D
Henderson Horizon Pan European Alpha H1 Hedged Inc GBP
Initial charge5%
Annual charge0.6%
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 price10.11
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7UV
Henderson Horizon Pan European Alpha H1 Inc EUR
Initial charge5%
Annual charge0.6%
Min single investment£750,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.48
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFGAY
Henderson Horizon Pan European Alpha H2 Acc EUR
Initial charge5%
Annual charge0.6%
Min single investment£750,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.27
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJIW
Henderson Horizon Pan European Alpha I1 Hedged Inc GBP
Initial charge5%
Annual charge1%
Min single investment£600,000
Min regular saving£60,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.84
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFU8G
Henderson Horizon Pan European Alpha I1 SGD
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price20.08
CurrencySGD
Price updated20/05/2011
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCRU7
Henderson Horizon Pan European Alpha I1 USD
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price16.25
CurrencyUSD
Price updated20/05/2011
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeZ644
Henderson Horizon Pan European Alpha I2 Acc EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price15.91
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeZ647
Henderson Horizon Pan European Alpha I2 Acc SGD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price20.3
CurrencySGD
Price updated20/05/2011
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCRU8
Henderson Horizon Pan European Alpha I2 Acc USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price16.42
CurrencyUSD
Price updated20/05/2011
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeZ643
Henderson Horizon Pan European Alpha I2 Hedged Acc GBP
Initial charge5%
Annual charge1%
Min single investment£600,000
Min regular saving£60,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.37
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFKPK
Henderson Horizon Pan European Alpha I2 Hedged Acc USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price11.97
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0HE5
Henderson Horizon Pan European Alpha Q2 Acc EUR
Initial charge5%
Annual charge1%
Min single investment£10,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.12
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPEF
Henderson Horizon Pan European Alpha Q2 Hedged Acc GBP
Initial charge5%
Annual charge1%
Min single investment£6,000,000
Min regular saving£600,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.17
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPSU
Henderson Horizon Pan European Alpha Q2 Hedged Acc USD
Initial charge5%
Annual charge1%
Min single investment£10,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.95
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS3I
Henderson Horizon Pan European Alpha S2 Acc EUR
Initial charge5%
Annual charge2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.17%
Total expense ratio (TER)2.24%
Bid price-
Offer price-
Mid price13.49
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLR3
Henderson Horizon Pan European Alpha S2 Hedged Acc SGD
Initial charge5%
Annual charge2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.17%
Total expense ratio (TER)2.24%
Bid price-
Offer price-
Mid price13.52
CurrencySGD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0IGD
Henderson Horizon Pan European Alpha S2 Hedged USD
Initial charge5%
Annual charge2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.17%
Total expense ratio (TER)2.26%
Bid price-
Offer price-
Mid price12.51
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSQH
Henderson Horizon Pan European Alpha X2 Acc EUR
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.47%
Total expense ratio (TER)2.57%
Bid price-
Offer price-
Mid price14.33
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZ639
Henderson Horizon Pan European Alpha X2 Hedged Acc USD
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.7
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFDLQ
Data provided by

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