Fact sheet: Henderson Inst Long Dat Cr

Fund information
Fund name
Henderson Inst Long Dated Credit I Inc
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund managers
  • Philip Paynesince 01/10/2006
Fund objective
To provide a return by investing primarily in long dated sterling denominated investment grade corporate bonds. The Fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.
Benchmark
  • Iboxx GBP Non - Gilt + 15 Years
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
15.3%
1 Year rank in sector
2/89
Sector
UT Sterling Corporate Bond
Yield
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.
0.54%
Fund size
£495m (£454m 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.
76
Mid price
203.6
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond16.4%
Henderson Inst Long Dat Cr15.3%
F&C Instl Lg Dtd Corp Bd14.7%
Insight UK Corp Lg Mat Bd14.3%
Blackrock InstBdOver10YrCorp14.1%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK98%
    Money Market2%
  • Utilities23.2%
    Government Bonds13.5%
    Mortgage & Secured Bonds10.2%
    Banks8.8%
    Government Bills8.5%
  • UK Fixed Interest98%
    Money Market2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%3.3%-5.1%15.3%34.2%50.8%
Sector0.8%2.3%-1%8.8%18.9%33.2%
Rank within sector1 / 949 / 9489 / 892 / 893 / 827 / 69
Quartile1st1st4th1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund1.5%17.4%-2%17.8%-1.9%
Sector1.5%9.1%-0.3%10.1%0.2%
Rank within sector53 / 942 / 8783 / 854 / 8273 / 76
Quartile3rd1st4th1st4th
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.
-2.45
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.
2.2
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.
0.54
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%.
11.95
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.
6.62
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.
0.6
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.
0.98
Price movement
52 week high223.1
52 week low180.6
Current bid price-
Current offer price-
Current mid price203.6
Region
1UK98%
2Money Market2%
Industry sector
1Utilities23.2%
2Government Bonds13.5%
3Mortgage & Secured Bonds10.2%
4Banks8.8%
5Government Bills8.5%
6Consumer Services7.5%
7Others7.5%
8Telecommunications6.2%
9Financial Services4.7%
Asset type
1UK Fixed Interest98%
2Money Market2%
Individual holdings
1TREASURY 4.25% GILT 07/12/401.8%
2LLOYDS BANK PLC 6.5% NTS 17/09/40 GBP10001.7%
3NETWORK RAIL INFRASTRUCTURE FINANCE 4.75% NTS 29/11/35 GBP500001.6%
4WAL-MART STORES INC 5.625% BDS 27/03/34 GBP10001.6%
5WAL-MART STORES 4.875% 20391.4%
6AVIVA 6.875%/FLTG RTE NTS 20/05/58 GBP500001.3%
7ELECTRICITE DE FRANCE 6.00% 21141.3%
8INNOGY FINANACE 6.125% 20391.3%
9TREASURY 4.25% GILT 07/03/36 GBP0.011.3%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund objective
To provide a return by investing primarily in long dated sterling denominated investment grade corporate bonds. The Fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.
Benchmark
  • Iboxx GBP Non - Gilt + 15 Years
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Philip Payne01/10/2006Philip Payne began his career at Henderson Global Investors in 2000; he progressed to Fund Manager in 2003 and is now the manager of the Henderson All stocks Credit and Long Dated Credit Funds. Phillip graduated from Nottingham Trent University with a BA (Hons) in Financial Services is a CFA Charterholder.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Henderson Inst Long Dated Credit A Gr Inc
Initial charge4%
Annual charge0.75%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price200
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeH414
Henderson Inst Long Dated Credit A Inc
Initial charge4%
Annual charge0.75%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price198.3
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHE94
Henderson Inst Long Dated Credit I Acc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price370
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTU02
Henderson Inst Long Dated Credit I Gr Acc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price411.4
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHU30
Henderson Inst Long Dated Credit I Gr Inc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price199.2
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHU31
Henderson Inst Long Dated Credit I Inc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price203.6
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHE95
Henderson Inst Long Dated Credit Z Gr Acc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)0.05%
Bid price-
Offer price-
Mid price230.8
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCER4
Data provided by

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