Fact sheet: Henderson Inst High Alpha Gilt

Fund information
Fund name
Henderson Inst High Alpha Gilt Y Gr
Fund manager company
Henderson Global Investors Ltd
Fund type
Unit Trust
Fund managers
  • Henderson Fixed Income Investment Strategy Groupsince 20/12/2013
Fund objective
The Fund aims to provide capital returns in excess of a gilts related index by exploiting the entire global fixed income opportunity set through exposure primarily to collective investment schemes.
Benchmark
  • FTSE Actuaries All Stock Gilt Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
10.3%
1 Year rank in sector
8/37
Sector
UT UK Gilts
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.
0.67%
Fund size
£66m (£62m 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.
39
Top in this sector
Fund name1 Year
Insight UK Gov Lg Mty bond12.2%
Newton Long Gilt12.1%
Blackrock Inst Bd Over 15 Yr Glt12.1%
Aberdeen Stg Lg Dtd Gov Bd11.8%
Schroder Inst Lg Dtd StgBd11.7%
...more in UT UK Gilts

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund--0.6%5.8%10.3%22.6%26.9%
Sector-1%-7.5%2.9%7.9%23.1%24.1%
Rank within sector-2 / 371 / 378 / 379 / 367 / 32
Quartile1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund10.3%1.4%10.2%-2%4.3%
Sector9%-0.1%14.3%-4.7%2.2%
Rank within sector10 / 371 / 3732 / 361 / 353 / 32
Quartile2nd1st4th1st1st
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.
6.47
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.
0.07
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.
0.63
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%.
5.18
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.
7.41
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.
0.09
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.
0.01
Price movement
52 week high185.66
52 week low165.13
Current bid price-
Current offer price-
Current mid price182.2
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
Unit Trust
Fund objective
The Fund aims to provide capital returns in excess of a gilts related index by exploiting the entire global fixed income opportunity set through exposure primarily to collective investment schemes.
Benchmark
  • FTSE Actuaries All Stock Gilt Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Henderson Fixed Income Investment Strategy Group20/12/2013The Henderson Fixed Income Investment Strategy Group (ISG), is a small group of highly experienced investment professionals at Henderson, who allocate capital and risk to the best risk-adjusted return opportunities identified by our analyst teams. This group is chaired by Phillip Apel, Head of Diversified Income & Rates.
Compliance
IA Recognised, Qualified Investor Schemes
Domicile
No data available.
Fund for sale in
United Kingdom
Henderson Inst High Alpha Gilt Y Gr
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price182.1995
CurrencyGBX
Price updated31/10/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD8U2
Henderson Inst High Alpha Gilt Z Gr
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.07%
Bid price-
Offer price-
Mid price191.5617
CurrencyGBX
Price updated31/10/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD8U3
Data provided by

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