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
  • John Pattullosince 22/10/1999
  • Jenna Barnardsince 01/01/2006
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
6%
1 Year rank in sector
60/81
Sector
UT Sterling Strategic Bond
Yield
4.5%
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.
0.69%
Fund size
£1,716m (£1,430m 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
136.4
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc15.4%
Fidelity UK Inv Grd Lg Cr14%
AXA Framlington Mgd Inc12.6%
Insight Infln Link Corp Bd12.5%
Fidelity I Stg Cr + Bd12.1%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK40%
    North America36.1%
    Europe16.7%
    Asia Pacific5.9%
    Money Market1.3%
  • High Yield Bond42.8%
    Investment Grade Corporate Bonds37.3%
    Government Bonds8.7%
    Debt8.4%
    Money Market1.2%
  • Global Investment Grade Fixed Interest37.2%
    North American High Yield Fixed Interest18.1%
    UK High Yield Fixed Interest13.9%
    Alternative Investment Strategies13.3%
    European High Yield Fixed Interest10%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%2.3%0.1%6%13.1%36.3%
Sector0%1.9%0.1%7.4%13.5%29.3%
Rank within sector66 / 8524 / 8545 / 8460 / 8139 / 7417 / 63
Quartile4th2nd3rd3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2%4.4%2.3%6.7%4.6%
Sector1.6%7.3%-0.3%6.8%2.6%
Rank within sector18 / 8569 / 797 / 7534 / 7324 / 65
Quartile1st4th1st2nd2nd
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.
0.16
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.
0.26
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%.
3.62
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.
1.13
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.
0.15
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 low132.7
Current bid price-
Current offer price-
Current mid price136.4
Region
1UK40.04%
2North America36.11%
3Europe16.66%
4Asia Pacific5.94%
5Money Market1.25%
Industry sector
1High Yield Bond42.8%
2Investment Grade Corporate Bonds37.3%
3Government Bonds8.7%
4Debt8.4%
5Money Market1.2%
6Preference Shares1.2%
7Asset/Mortgage-Backed Securities0.4%
Asset type
1Global Investment Grade Fixed Interest37.24%
2North American High Yield Fixed Interest18.09%
3UK High Yield Fixed Interest13.85%
4Alternative Investment Strategies13.33%
5European High Yield Fixed Interest9.97%
6North American Fixed Interest5.97%
7Asia Pacific Government Fixed Interest4.99%
8UK Gilts3.66%
9European Fixed Interest2.47%
Individual holdings
1TREASURY 3.25% GILT 22/01/44 GBP0.013.7%
2AUSTRALIA(COMMONWEALTH OF) 1.75% TB 21/11/20 AUD100 (CDI)3%
3ALTICE US FINANCE I CORP 5.5% BDS 15/05/26 USD2000001.5%
4WACHOVIA CAPITAL TRUST III 5.5698% 20491.5%
5BARCLAYS BANK 6.278% 20491.4%
6HBOS STERLING FINANCE JERSEY 7.881% 20491.4%
7BUPA FINANCE 6.125% 20491.3%
8DAILY MAIL & GENERAL TRUST 5.75% BDS 7/12/18 GBP(VAR)1.3%
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
John Pattullo22/10/1999John 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.
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
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 price127.9
CurrencyGBX
Price updated28/03/2017
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 price126.4
CurrencyGBX
Price updated28/03/2017
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)0.69%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price319.8
CurrencyGBX
Price updated28/03/2017
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)0.69%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price373.1
CurrencyGBX
Price updated28/03/2017
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)0.69%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price102.1
CurrencyGBX
Price updated28/03/2017
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)0.69%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price136.4
CurrencyGBX
Price updated28/03/2017
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 price344.6
CurrencyGBX
Price updated28/03/2017
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 price379.5
CurrencyGBX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI1C7
Data provided by

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