Fact sheet: Henderson UK Prop PAIF Fdr

Fund information
Fund name
Henderson UK Property PAIF Feeder A Acc
Fund manager company
Henderson Global Investors Ltd
Fund type
Unit Trust
Fund managers
  • Ainslie McLennansince 26/05/2016
  • Marcus Langlands Pearsesince 26/05/2016
Fund objective
To achieve a high income together with some growth of both income & capital through investment solely in shares of the Henderson UK Property PAIF. The Fund may also hold cash or near cash only where necessary to meet redemption requirments.
Benchmark
  • IA - Property
Investment style
None
Investment method
Feeder fund, Physical
Quick stats
1 Year return
-4.6%
1 Year rank in sector
-
Sector
UT Property
Yield
2.8%
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.
1.66%
Fund size
£2,198m
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.
36
Bid price
206.23
Offer price
217.07
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop52.6%
Schroder Gbl Rel Est Sec Inc25.7%
First State AsianPropSec23.9%
BlackRock Gbl PrpSecEqTrk22.8%
F&C Gbl Real Est Secs21.8%
...more in UT Property

Performance snapshot

Holdings snapshot

  • South East UK48.2%
    Money Market21.6%
    Midlands20.1%
    Wales7.6%
    Scotland2.5%
  • Retail - Property30.3%
    Money Market21.6%
    Offices - Property20.5%
    Industrial - Property16.1%
    Other - Property9.9%
  • Property76.9%
    Money Market21.6%
    Property Shares1.5%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%3.4%-1.7%-4.6%14.9%28.1%
Sector-0.1%-0.4%1.7%4.3%21.8%34.8%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-5.4%8.1%11.5%6.3%6%
Sector3.7%5.4%10.7%4.7%6.7%
Rank within sector-----
Quartile
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.
4.84
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
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%.
4.42
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.
7.24
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.
-0.45
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.
-
Price movement
52 week high219.77
52 week low197.32
Current bid price206.23
Current offer price217.07
Current mid price-
Region
1South East UK48.22%
2Money Market21.6%
3Midlands20.07%
4Wales7.6%
5Scotland2.51%
Industry sector
1Retail - Property30.34%
2Money Market21.65%
3Offices - Property20.51%
4Industrial - Property16.06%
5Other - Property9.94%
6Property Shares1.5%
Asset type
1Property76.9%
2Money Market21.6%
3Property Shares1.5%
Individual holdings
1RD PARK, HODDESDON3.16%
2169 UNION STREET, SE1, SOUTHWARK2.81%
3CAPITAL PARK, CAMBRIDGE2.5%
4DALTON PARK, MURTON, DURHAM2.2%
5ROBIN SHOPPING PARK, WIGAN1.99%
6K & N, DERBY COMMERCIAL PARK, DERBY1.91%
7TOWER RETAIL PARK, CRAYFORD1.89%
8DATA CENTRE, 3 KING GEORGE CLOSE, ROMFORD1.88%
9WINDSOR OFFICE PARK, WINDSOR1.76%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
Unit Trust
Fund objective
To achieve a high income together with some growth of both income & capital through investment solely in shares of the Henderson UK Property PAIF. The Fund may also hold cash or near cash only where necessary to meet redemption requirments.
Benchmark
  • IA - Property
Investment style
None
Investment method
Feeder fund, Physical
Fund managers
NameSinceBiography
Ainslie McLennan26/05/2016Ainslie McLennan has more than 17 years of property industry expertise. She joined Henderson in 2002 and has gained extensive experience running commercial property fund mandates investing both directly and indirectly in UK and European markets. Ainslie transferred to TH Real Estate in April 2014 as part of a joint venture between Henderson and TIAA-CREF. Ainslie is the Head of UK Balanced funds at TH Real Estate, which is now solely owned by TIAA-CREF. Prior to Henderson, Ainslie worked within a private property investment practice in Scotland. She is a member of the Royal Institution of Chartered Surveyors and the Investment Property Forum; Ainslie graduated from Aberdeen University with a Bachelor of Land Economy (Hons).
Marcus Langlands Pearse26/05/2016Marcus Langlands Pearse has been working in the commercial property industry since 1991. He joined Henderson in 2009 following the acquisition of New Star Asset Management as a Director of UK Property. Marcus transferred to TH Real Estate in April 2014 as part of the joint venture between Henderson and TIAA-CREF. TH Real Estate is now solely owned by TIAACREF. Prior to joining Henderson, Marcus was employed at New Star as an assistant fund manager. He has also worked in private equity with a property focus and on the property investment and property finance teams at HypoVereinsbank. Marcus has as MA (Hons) in Geography from Edinburgh University.
Compliance
IA Recognised, Non UCITS Retail Scheme, Property Authorised Investment Funds
Domicile
No data available.
Fund for sale in
United Kingdom, Singapore
Henderson UK Property PAIF Feeder A Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)-
Bid price206.23
Offer price217.07
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN3MA
Henderson UK Property PAIF Feeder A Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)-
Bid price96.48
Offer price101.55
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN3MB
Henderson UK Property PAIF Feeder G Acc
Initial charge-
Annual charge0.68%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN3MC
Henderson UK Property PAIF Feeder G Inc
Initial charge-
Annual charge0.68%
Min single investment£20,000,000
Min regular saving£2,000,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price53.36
Offer price53.48
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN3MD
Henderson UK Property PAIF Feeder I Acc
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price125.37
Offer price125.67
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN3ME
Henderson UK Property PAIF Feeder I Inc
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price107.37
Offer price107.63
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN3MF
Henderson UK Property PAIF Feeder U2 Acc
Initial charge-
Annual charge0.6%
Min single investment£250,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price57.49
Offer price57.62
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN3MG
Henderson UK Property PAIF Feeder U2 Inc
Initial charge-
Annual charge0.6%
Min single investment£250,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price52.57
Offer price52.69
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN3MH
Data provided by

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