Fact sheet: Henderson MM Abs Rtn

Fund information
Fund name
Henderson Multi-Manager Absolute Return I Acc GBP
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund manager
  • Henderson Multi-Asset Teamsince 31/10/2008
Fund objective
The fund aims to provide a positive return over the long term, whether markets go up or down, by investing in a range of collective investment schemes. These other schemes can invest in any country. The fund aims to typically deliver absolute (more than zero) returns in each year, although an absolute return performance is not guaranteed. Over the short term it may experience periods of negative returns so the fund may not achieve this objective.
Benchmark
  • IA Targeted Absolute Return
Investment style
Absolute Return,Flexible
Investment method
None
Quick stats
1 Year return
4%
1 Year rank in sector
15/72
Sector
UT Targeted Absolute Return
Yield
0.7%
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.
1.23%
Fund size
£157m (£157m 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.
21
Mid price
113.4
Top in this sector
Fund name1 Year
Majedie Tortoise22%
Jupiter Absolute Return11.2%
Threadneedle Tgt Rtn10.2%
CF Ruffer Absolute Return9.9%
Newton Mgd Tgtd Rtn7.8%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • Hedge47.8%
    Fixed Interest14.8%
    Equities11.4%
    Money Market10%
    Property9.3%
  • Hedge47.4%
    Global Fixed Interest14.8%
    Money Market13.3%
    International Equities11.5%
    Property6.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%0.5%3.1%4%6.8%15.5%
Sector-1%-0.3%0.8%0.1%5.5%15%
Rank within sector49 / 7325 / 7420 / 7215 / 7226 / 5831 / 47
Quartile3rd2nd2nd1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund3.8%0.9%1.6%4.3%3.8%
Sector-0%2.2%2.5%6.5%3.3%
Rank within sector18 / 7243 / 6745 / 5836 / 5329 / 47
Quartile1st3rd4th3rd3rd
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.
-0.1
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.
1.04
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%.
2.41
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.
1.64
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.
-0.01
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.
0.54
Price movement
52 week high114.9
52 week low107.2
Current bid price-
Current offer price-
Current mid price113.4
Region
No data available.
Industry sector
1Hedge47.75%
2Fixed Interest14.76%
3Equities11.41%
4Money Market10.01%
5Property9.31%
6Commodity & Energy6.76%
Asset type
1Hedge47.38%
2Global Fixed Interest14.79%
3Money Market13.32%
4International Equities11.53%
5Property6.75%
6Commodity & Energy6.22%
Individual holdings
1MAJEDIE TORTOISE G GBP5.64%
2PLURIMI GLOBAL MACRO DIVERSIFIED DYNAMIC SOLUTION A EUR4.85%
3HENDERSON HORIZON TOTAL RETURN BOND Z2 HEDGED GBP4.83%
4PIMCO GIS INCOME I ACC USD4.6%
5MELCHIOR ST EUROPEAN ABSOLUTE RETURN I1 EUR4.41%
6LEGG MASON - BRANDYWINE GLOBAL FI ABSOLUTE RETURN - PA USD3.67%
7BH MACRO LTD3.63%
8DB PLATINUM IV-GAM ABSOLUTE RETURN EUROPE EQTY-I2CG3.59%
9KAMES EQ MRKT NEUT PL-CAGBP3.52%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund objective
The fund aims to provide a positive return over the long term, whether markets go up or down, by investing in a range of collective investment schemes. These other schemes can invest in any country. The fund aims to typically deliver absolute (more than zero) returns in each year, although an absolute return performance is not guaranteed. Over the short term it may experience periods of negative returns so the fund may not achieve this objective.
Benchmark
  • IA Targeted Absolute Return
Investment style
Absolute Return,Flexible
Investment method
None
Fund manager
NameSinceBiography
Henderson Multi-Asset Team31/10/2008The Henderson Multi-Asset Team is a dozen strong and its members have, on average, 15 years' investment industry experience. The team manages portfolios that invest across a broad array of asset classes, ordinarily through investment in other funds but also via direct securities and derivative instruments where appropriate. Its members support a range of skills, from strategic and economic assessment, through quantitative analysis and asset allocation, to individual fund and security selection. Whilst individuals have certain specialist roles, they are each tasked with ensuring that the team's views are properly embedded in the funds.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
Henderson Multi-Manager Absolute Return A Acc GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.92%
Total expense ratio (TER)2.11%
Bid price-
Offer price-
Mid price139.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGM97
Henderson Multi-Manager Absolute Return A Hegded Acc EUR
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)2.11%
Bid price-
Offer price-
Mid price1.0952
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0IRQ
Henderson Multi-Manager Absolute Return A Hegded Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)2.11%
Bid price-
Offer price-
Mid price1.1118
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0KNP
Henderson Multi-Manager Absolute Return I Acc GBP
Initial charge-
Annual charge0.63%
Min single investment£3,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.4
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG5KJ
Data provided by

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