Fact sheet: Henderson UK Prop PAIF

Fund information
Fund name
Henderson UK Property PAIF I Acc
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund managers
  • Ainslie McLennansince 03/05/2009
  • Marcus Langlands Pearsesince 08/04/2009
Fund objective
The Fund will be a Property Authorised Investment Fund for tax purposes at all times. It aims to achieve a high income together with some growth of both income & capital through investment primarily in commercial property and property related assets. Other investments may include money market instruments, derivatives and forward foreign exchange contracts.
Benchmark
  • IA - Property
Investment style
None
Investment method
Physical
Quick stats
1 Year return
-3.4%
1 Year rank in sector
51/54
Sector
UT Property
Yield
2.7%
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.
0.84%
Fund size
£3,138m (£4,083m 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.
35
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop39%
First State AsianPropSec22%
Schroder Gbl Rel Est Sec Inc18.2%
L&G Global Real Estate Div Ix18.1%
Fidelity Global Property18%
...more in UT Property

Performance snapshot

Holdings snapshot

  • South East UK60.2%
    Midlands25.2%
    Wales10.5%
    Scotland4.1%
  • Retail - Property30.6%
    Money Market20.6%
    Offices - Property17.4%
    Industrial - Property16.6%
    Other - Property11.6%
  • Property76.2%
    Money Market20.6%
    Property Shares3.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%1.4%4.1%-3.4%16.2%34%
Sector0.2%2.1%2.3%5.1%22.9%34.1%
Rank within sector15 / 5335 / 5512 / 5551 / 5434 / 4827 / 40
Quartile2nd3rd1st4th3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1%-4.3%8.8%12.3%7%
Sector1.4%5%5.4%10.7%4.7%
Rank within sector28 / 5446 / 5320 / 5330 / 4721 / 43
Quartile3rd4th2nd3rd2nd
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.
5.14
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.
0.01
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.
0.36
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%.
4.41
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.
-0.5
Price movement
52 week high133.09
52 week low119.67
Current bid price127.39
Current offer price127.7
Current mid price-
Region
1South East UK60.18%
2Midlands25.18%
3Wales10.53%
4Scotland4.11%
Industry sector
1Retail - Property30.55%
2Money Market20.6%
3Offices - Property17.45%
4Industrial - Property16.61%
5Other - Property11.57%
6Property Shares3.23%
Asset type
1Property76.18%
2Money Market20.6%
3Property Shares3.23%
Individual holdings
1RD PARK, HODDESDON3.48%
2169 UNION STREET, SE1, SOUTHWARK2.89%
3CAPITAL PARK, CAMBRIDGE2.6%
4DALTON PARK, MURTON, DURHAM2.29%
5ROBIN SHOPPING PARK, WIGAN2.08%
6K & N, DERBY COMMERCIAL PARK, DERBY1.96%
7TOWER RETAIL PARK, CRAYFORD1.94%
8DATA CENTRE, 3 KING GEORGE CLOSE, ROMFORD1.93%
92 ROUNDWOOD AVE, HEATHROW1.55%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
OEIC
Fund objective
The Fund will be a Property Authorised Investment Fund for tax purposes at all times. It aims to achieve a high income together with some growth of both income & capital through investment primarily in commercial property and property related assets. Other investments may include money market instruments, derivatives and forward foreign exchange contracts.
Benchmark
  • IA - Property
Investment style
None
Investment method
Physical
Fund managers
NameSinceBiography
Ainslie McLennan03/05/2009Ainslie McLennan has 20 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 Pearse08/04/2009Marcus 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
Henderson UK Property PAIF A Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.84%
Bid price209.15
Offer price220.15
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBO49
Henderson UK Property PAIF A Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.71%
Bid price97.18
Offer price102.28
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBO50
Henderson UK Property PAIF G Acc
Initial charge-
Annual charge0.68%
Min single investment£20,000,000
Min regular saving£2,000,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price60.06
Offer price60.2
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJVYY
Henderson UK Property PAIF G Gr Acc
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 price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7FD
Henderson UK Property PAIF G Gr 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 price96.61
Offer price96.84
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNO3O
Henderson UK Property PAIF 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)0.73%
Total expense ratio (TER)-
Bid price53.87
Offer price53.99
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJVYZ
Henderson UK Property PAIF 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)0.87%
Bid price127.39
Offer price127.7
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG5KR
Henderson UK Property PAIF I Gr 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 price95.51
Offer price95.74
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7FC
Henderson UK Property PAIF 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 price108.38
Offer price108.64
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5KQ
Data provided by

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