Fact sheet: Henderson Strategic Bond

Fund information
Fund name
Henderson Strategic Bond I Inc
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund managers
  • Jenna Barnardsince 01/01/2006
  • John Pattullosince 21/10/1999
Fund objective
To provide a return by investing in higher yielding assets including high yield bonds, investment grade bonds, government bonds, preference shares and other bonds. The Fund may also invest in equities.
Benchmark
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
5.2%
1 Year rank in sector
62/77
Sector
UT Sterling Strategic Bond
Yield
4.4%
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
£1,674m (£1,409m 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
134.5
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc19.6%
Legg Mason IFBrwiGlInOp13.5%
Fidelity UK Inv Grd Lg Cr13.1%
AXA Framlington Mgd Inc13.1%
Fidelity I Stg Cr + Bd12.9%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK30.8%
    North America27.5%
    Europe19.2%
    Money Market16.1%
    Asia Pacific6.4%
  • High Yield Bond36.7%
    Investment Grade Corporate Bonds32.9%
    Money Market16.2%
    Debt6.8%
    Government Bonds5.8%
  • Global Investment Grade Fixed Interest32.9%
    Money Market16.1%
    UK High Yield Fixed Interest12.4%
    European High Yield Fixed Interest12.1%
    North American High Yield Fixed Interest11.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%-0.5%0.3%5.2%13.7%40.2%
Sector1.3%-0%1.1%7.4%13.1%30.9%
Rank within sector50 / 8352 / 8252 / 8262 / 7736 / 7219 / 61
Quartile3rd3rd3rd4th2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund0.6%4.4%2.3%6.7%4.6%
Sector0.2%7.3%-0.3%6.8%2.6%
Rank within sector21 / 8367 / 777 / 7434 / 7224 / 64
Quartile2nd4th1st2nd2nd
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
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.
0.27
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%.
3.6
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.
1.14
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.
0.09
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.
0.9
Price movement
52 week high139.7
52 week low130
Current bid price-
Current offer price-
Current mid price134.5
Region
1UK30.78%
2North America27.49%
3Europe19.22%
4Money Market16.14%
5Asia Pacific6.36%
Industry sector
1High Yield Bond36.7%
2Investment Grade Corporate Bonds32.9%
3Money Market16.2%
4Debt6.8%
5Government Bonds5.8%
6Preference Shares1.2%
7Asset/Mortgage-Backed Securities0.4%
Asset type
1Global Investment Grade Fixed Interest32.94%
2Money Market16.14%
3UK High Yield Fixed Interest12.41%
4European High Yield Fixed Interest12.1%
5North American High Yield Fixed Interest11.67%
6Asia Pacific Government Fixed Interest5.85%
7North American Fixed Interest4.88%
8European Fixed Interest1.88%
9Preference Shares1.2%
Individual holdings
1AUSTRALIA(COMMONWEALTH OF) 1.75% BDS 21/11/20 AUD1002.9%
2AUSTRALIAN COMMONWEALTH GOVT 3.25PCT MAT 21/10/20182%
3DIAMOND 1 FIN/DIAMOND 2 8.1% BDS 15/07/36 USD1000 REG S1.5%
4BARCLAYS BANK 6.278% 20491.4%
5HBOS STERLING FINANCE JERSEY 7.881% 20491.4%
6DAILY MAIL & GENERAL TRUST 5.75% BDS 7/12/18 GBP(VAR)1.3%
7BNP PARIBAS 7.195% 20491.2%
8BUPA FINANCE 6.125% 20491.2%
9HSBC BANK CAPITAL FUNDING STERLING 1 5.844% 20491.2%
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 in higher yielding assets including high yield bonds, investment grade bonds, government bonds, preference shares and other bonds. The Fund may also invest in equities.
Benchmark
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
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.
John Pattullo21/10/1999John 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.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland
Henderson Strategic 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 price126.3
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeH415
Henderson Strategic 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)1.45%
Bid price-
Offer price-
Mid price124.8
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHE85
Henderson Strategic 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 price315.4
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHE77
Henderson Strategic Bond I Gr Acc
Initial charge-
Annual charge0.6%
Min single investment£3,000,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price367.9
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeH037
Henderson Strategic Bond I Gr Inc
Initial charge-
Annual charge0.6%
Min single investment£3,000,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price100.7
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeH469
Henderson Strategic 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)0.7%
Bid price-
Offer price-
Mid price134.5
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHE72
Henderson Strategic 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 price339.5
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeH372
Henderson Strategic 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)0.05%
Bid price-
Offer price-
Mid price373.8
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI1C7
Data provided by

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