Fact sheet: Henderson Pref & Bd

Fund information
Fund name
Henderson Preference & Bond I Acc
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund managers
  • Rebecca Morris-Charlessince 01/03/2014
  • John Pattullosince 30/09/2001
  • Jenna Barnardsince 01/01/2006
Fund objective
To provide a return by investing primarily in sterling denominated preference shares, Government securities, corporate bonds, Eurobonds and other bonds. Where the Fund invests in currencies other than sterling, the Fund will always be hedged at least 80% to sterling in aggregate. The Fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.
Benchmark
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
4.2%
1 Year rank in sector
46/77
Sector
UT Sterling Strategic Bond
Yield
4.9%
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.
0.7%
Fund size
£725m (£678m 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.
22
Mid price
133.5
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc10.5%
Fidelity I Stg Cr + Bd10.4%
Fidelity UK Inv Grd Lg Cr9.4%
Legg Mason IFBrwiGlInOp8.6%
Fidelity Pre-Retirmnt Bd8.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK47.1%
    North America26.9%
    Europe24.1%
    Money Market1.8%
  • Investment Grade Corporate Bonds46.4%
    High Yield Bond41%
    Debt4%
    Government Bonds3.6%
    Money Market2.3%
  • UK Fixed Interest47.1%
    North American Fixed Interest26.9%
    European Fixed Interest24.1%
    Money Market1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-3%2.3%4.2%15%44.6%
Sector-1.2%-3.2%2.7%4.7%12.4%32.6%
Rank within sector46 / 8341 / 8253 / 8246 / 7722 / 7115 / 60
Quartile3rd2nd3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund4.5%2.4%6.9%4.8%18.8%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector55 / 775 / 7432 / 7222 / 649 / 61
Quartile3rd1st2nd2nd1st
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.
0.82
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.
1.05
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.
0.49
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%.
3.66
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.
1.22
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.
0.84
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.
0.89
Price movement
52 week high137.8
52 week low124.6
Current bid price-
Current offer price-
Current mid price133.5
Region
1UK47.14%
2North America26.93%
3Europe24.08%
4Money Market1.84%
Industry sector
1Investment Grade Corporate Bonds46.4%
2High Yield Bond41%
3Debt4%
4Government Bonds3.6%
5Money Market2.33%
6Preference Shares1.8%
7Asset/Mortgage-Backed Securities0.8%
8Derivatives0.07%
Asset type
1UK Fixed Interest47.14%
2North American Fixed Interest26.93%
3European Fixed Interest24.08%
4Money Market1.84%
Individual holdings
1TREASURY 2% GILT 22/07/20 GBP0.013.6%
2VERIZON COMMUNICATIONS INC 6.55% BDS 15/09/43 USD20001.8%
3WACHOVIA CAPITAL TRUST III 5.5698% 20491.8%
4AT&T 4.75% 20461.7%
5CO-OPERATIVE GROUP 2011 7.50% 20261.7%
6HBOS STERLING FINANCE JERSEY 7.881% 20491.7%
7NATIONWIDE BUILDING SOCIETY1.7%
8BUPA 6.125% 20491.6%
9CHARTER COMMUNICATIONS OPT LLC/CAP 6.484% BDS 23/10/45 USD2000 144A1.6%
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 sterling denominated preference shares, Government securities, corporate bonds, Eurobonds and other bonds. Where the Fund invests in currencies other than sterling, the Fund will always be hedged at least 80% to sterling in aggregate. The Fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.
Benchmark
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Rebecca Morris-Charles01/03/2014Rebecca Morris-Charles joined Henderson in 2009 through the graduate scheme. She subsequently began working for the retail fixed income team in 2010, first as an analyst and now as a deputy fund manager. Rebecca holds a MMath Master of Mathematics from the University of Bath and is a CFA charterholder.
John Pattullo30/09/2001John Pattullo is the Co-Head of Strategic Fixed Income at Henderson. With more than 20 years of experience investing in the credit markets, John co-manages a number of funds with Jenna Barnard. Prior to joining Henderson in 1997, John spent four years as a chartered accountant at PricewaterhouseCoopers. John has an MA (Hons) in Economics from the University of St Andrews. He is a member of the Institute of Chartered Accountants of Scotland and an Associate Member of the Society of Investment Professionals.
Jenna Barnard01/01/2006Jenna Barnard is Co-Head of Strategic Fixed Income, co-managing a number of funds alongside John Pattullo. Jenna joined Henderson in 2002 as a credit analyst and progressed to Credit Portfolio Manager in 2004. Prior to joining Henderson, Jenna worked as an investment analyst with Orbitex Investments. Jenna holds a first class BA (Hons) degree in Politics, Philosophy & Economics from Oxford University. She is a CFA charterholder, and an affiliate member of UKSIP. Jenna is a Member of the Society of Technical Analysts having passed the STA Diploma exam.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Germany, United Kingdom
Henderson Preference & Bond A Gr Inc
Initial charge4%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price53.2
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeH416
Henderson Preference & Bond A Inc
Initial charge4%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price52.46
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHE13
Henderson Preference & Bond I Acc
Initial charge-
Annual charge0.6%
Min single investment£3,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price133.5
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTU05
Henderson Preference & Bond I Gr Inc
Initial charge-
Annual charge0.6%
Min single investment£3,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price57.23
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeH417
Henderson Preference & Bond I Inc
Initial charge-
Annual charge0.6%
Min single investment£3,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price56.32
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeTU04
Henderson Preference & Bond Z 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 price201.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTU85
Henderson Preference & Bond 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)0.08%
Bid price-
Offer price-
Mid price236.7
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHU37
Data provided by

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