Fact sheet: Henderson Sterling Bond

Fund information
Fund name
Henderson Sterling Bond I Acc
Fund manager company
Henderson Global Investors Ltd
Fund type
Unit Trust
Fund managers
  • Philip Paynesince 08/04/2009
  • Stephen Thariyansince 08/04/2009
Fund objective
To achieve a high and stable level of income. The fund will invest principally in sterling-denominated fixed interest securities including preference shares, concentrating on investment grade corporate bonds.
Benchmark
  • IA £ Corporate Bond Sector
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.9%
1 Year rank in sector
29/92
Sector
UT Sterling Corporate Bond
Yield
3.1%
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
£539m (£592m 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.
43
Bid price
124.23
Offer price
124.5
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.4%
Newton Long Corporate Bond11.4%
F&C Instl Lg Dtd Corp Bd11.1%
Henderson Inst Long Dat Cr11%
Fidelity Inst UK Lg Crp Bd10.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-4.8%3.3%6.9%18.7%35.9%
Sector-1.1%-4.4%2.6%6.3%17.7%34.2%
Rank within sector58 / 9753 / 9417 / 9429 / 9241 / 8742 / 71
Quartile3rd3rd1st2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund8.3%-1.2%11.1%1.1%10.4%
Sector7.5%-0.3%10.1%0.2%12.1%
Rank within sector28 / 9278 / 9033 / 8732 / 7858 / 71
Quartile2nd4th2nd2nd4th
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.
-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.
1.27
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.
0.31
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%.
6.81
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.
1.79
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.
0.18
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.
0.97
Price movement
52 week high131.75
52 week low112.28
Current bid price124.23
Current offer price124.5
Current mid price-
Region
1UK95.9%
2Money Market4.1%
Industry sector
1BBB54.2%
2A30.3%
3AA7.2%
4Money Market4.1%
5BB3%
6AAA0.6%
7Non-Rated0.6%
Asset type
1UK Fixed Interest95.9%
2Money Market4.1%
Individual holdings
1DEUTSCHE TELEKOM INTL FINANCE B.V. 6.5% EMTN 08/04/22 GBP20001.2%
2HEATHROW FUNDING LTD 6.75% 03/12/20261.2%
3WAL-MART STORES INC 4.875% BDS 19/01/39 GBP500001.2%
4B.A.T.INTERNATIONAL FINANCE 6.375% NTS 12/12/19 GBP(VAR)1.1%
5GE CAPITAL UK FUNDING UNLTD CO 5.875% NTS 18/01/33 GBP10001.1%
6SANTANDER UK 1.875% 20201.1%
7GOLDMAN SACHS GROUP 4.25% EMTN 29/01/20261%
8ING BANK NV LONDON 6.875% BDS 29/05/23 GBP500001%
9CITIGROUP INC 6.8% EMTN 25/06/38 GBP10000.9%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
Unit Trust
Fund objective
To achieve a high and stable level of income. The fund will invest principally in sterling-denominated fixed interest securities including preference shares, concentrating on investment grade corporate bonds.
Benchmark
  • IA £ Corporate Bond Sector
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Philip Payne08/04/2009Philip 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.
Stephen Thariyan08/04/2009Stephen Thariyan is the Global Head of Credit in charge of the 30-strong credit team of portfolio managers and analysts at Henderson. Prior to joining Henderson in 2007 as Head of Credit, Stephen was a portfolio manager at Rogge Global Partners responsible for investing in corporate bonds and credit derivatives globally. He was previously a director and senior analyst at NatWest Markets’ credit rating and research unit where he led teams of sector analysts in credit research. He started his career as an accountant at Ernst & Young in 1988 and later moved to become senior auditor at Chevron Corporation. Stephen graduated from the University of Newcastle-Upon-Tyne with a BA (Hons) in Accountancy and Financial Analysis.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Singapore
Henderson Sterling Bond Acc
Initial charge4.25%
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 price209.54
Offer price218.95
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePR25
Henderson Sterling 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)-
Bid price124.23
Offer price124.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGLFI
Henderson Sterling 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)-
Bid price109.7
Offer price109.94
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5KP
Henderson Sterling Bond Inc
Initial charge4.25%
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 price63.62
Offer price66.47
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePR11
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.