Fact sheet: Henderson Secured Loans

Fund information
Fund name
Henderson Secured Loans Y Gr Acc
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund manager
  • David Milwardsince 16/11/2005
Fund objective
The Fund's aim is to generate investment returns by investing in a diversified portfolio of secured loans and sub participations in secured loans primarily denominated in Euros or Sterling. The Fund may invest in other transferable securities, senior secured floating rate notes, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.
Benchmark
  • 3-month sterling LIBOR
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6%
1 Year rank in sector
95/124
Sector
UT Specialist
Yield
3.6%
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
£447m
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.
18
Mid price
170.2
Top in this sector
Fund name1 Year
MFM Junior Gold134.7%
WAY Charteris Gd Prcsml124.2%
Old Mutual JPM Nat Res87.6%
Smith & Williamson GblGld&Res86.8%
JPM Natural Resources85.2%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • UK29.2%
    USA15.3%
    Germany13.5%
    France12.4%
    Money Market10.1%
  • Conglomerates14.5%
    Money Market10.1%
    Chemicals8.1%
    Leisure7.4%
    Glass & Ceramic Products7.3%
  • UK Fixed Interest29.2%
    US Fixed Interest15.3%
    German Fixed Interest13.5%
    French Fixed Interest12.4%
    Money Market10.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%0.8%3.5%6%12.7%35.2%
Sector-1.2%-0.5%9.4%19.8%17%27.7%
Rank within sector53 / 12449 / 12597 / 12595 / 12479 / 11441 / 91
Quartile2nd2nd4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund5.6%4.5%2.2%6.8%12.4%
Sector19.7%-4.5%1.2%4.5%7.5%
Rank within sector94 / 12420 / 11972 / 11550 / 10534 / 91
Quartile4th1st3rd2nd2nd
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.
4.03
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.
0.03
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.
0.28
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%.
2.45
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.
9.83
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.
-0.14
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 high170.2
52 week low158
Current bid price-
Current offer price-
Current mid price170.2
Region
1UK29.2%
2USA15.3%
3Germany13.5%
4France12.4%
5Money Market10.1%
6Netherlands8.4%
7Spain4%
8Switzerland4%
9Norway2.3%
Industry sector
1Conglomerates14.5%
2Money Market10.1%
3Chemicals8.1%
4Leisure7.4%
5Glass & Ceramic Products7.3%
6Food, Beverages and Tobacco7.1%
7Health Care7%
8Broadcasting6.5%
9Transport4.8%
Asset type
1UK Fixed Interest29.2%
2US Fixed Interest15.3%
3German Fixed Interest13.5%
4French Fixed Interest12.4%
5Money Market10.1%
6Dutch Fixed Interest8.4%
7Spanish Fixed Interest4%
8Swiss Fixed Interest4%
9Norwegian Fixed Interest2.3%
Individual holdings
1BRAKE BROS2.8%
2TRAVELPORT2.7%
3RAC2.6%
4EIRCOM2.3%
5GALA CLUBS2.2%
6VERALLIA2.2%
7CHESAPEAKE GOLD CORP2%
8DELACHAUX2%
9INEOS HOLDINGS LIMITED2%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund objective
The Fund's aim is to generate investment returns by investing in a diversified portfolio of secured loans and sub participations in secured loans primarily denominated in Euros or Sterling. The Fund may invest in other transferable securities, senior secured floating rate notes, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.
Benchmark
  • 3-month sterling LIBOR
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
David Milward16/11/2005David joined Henderson in 2001. He heads the portfolio management of Henderson’s loan portfolio, overseeing a team of six loan professionals. He also undertakes the analysis of new and existing loan investment opportunities. Previously David was an investment manager for Lloyds TSB Strategic Ventures and has worked in various corporate and institutional banking roles including acquisition finance within Lloyds TSB. David holds a BA (Hons) in Biochemistry from Oxford University and is an Associate of the Association of Corporate Treasurers and an Associate of the Chartered Institute of Bankers.
Compliance
IA Recognised, Qualified Investor Schemes
Domicile
No data available.
Fund for sale in
Belgium, Germany, Denmark, Finland, France, United Kingdom, Ireland, Netherlands, Norway
Henderson Secured Loans Y Gr Acc
Initial charge-
Annual charge0.9%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price170.2
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeH282
Henderson Secured Loans Y Gr Acc USD
Initial charge-
Annual charge0.9%
Min single investment£10,000,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.1181
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKSDQ
Henderson Secured Loans Y Gr Inc
Initial charge-
Annual charge0.9%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price101.5
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeH286
Henderson Secured Loans Y Hedged Acc EUR
Initial charge-
Annual charge0.9%
Min single investment£10,000,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price11.9513
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI1JR
Henderson Secured Loans Y Inc
Initial charge-
Annual charge0.9%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price96.56
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeH285
Henderson Secured Loans 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)0.08%
Total expense ratio (TER)0.09%
Bid price-
Offer price-
Mid price165.6
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeH284
Data provided by

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