Fact sheet: L&G Henderson Stg Bd G17 Pn

Fund information
Fund name
L&G Henderson Sterling Bond G17 Pn
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Stephen Thariyansince 09/04/2009
  • Philip Paynesince 09/04/2009
Underlying fund
Henderson Sterling Bond
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
11.2%
1 Year rank in sector
16/262
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£6m (£6m 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.
39
Bid price
1830.2
Offer price
1830.2
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP15.1%
L&G PMC AAAAAA CpBd Ov15Y Id Pn13.3%
OMW IPL L&G AAA CrpBdOv15YIx Pn13.3%
FL M&G All Stocks Corp Bd Pn13.2%
AEGON Long Core Plus Pn13%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%1.8%-0.5%11.2%25.9%47.5%
Sector0.1%1.9%-1.4%8.4%19.8%36.6%
Rank within sector190 / 268112 / 26660 / 26616 / 26211 / 23614 / 217
Quartile3rd2nd1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund1.7%11.8%1.6%11.8%2.6%
Sector1.5%9.4%0.2%10.5%1%
Rank within sector76 / 26615 / 26222 / 24762 / 23660 / 227
Quartile2nd1st1st2nd2nd
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.
0.36
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.
1.22
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.
0.66
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%.
6.72
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.
1.62
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.
1.01
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 high1863
52 week low1647.3
Current bid price1830.2
Current offer price1830.2
Current mid price-
Region
1UK101.3%
2Money Market-1.3%
Industry sector
1BBB55.3%
2A29.5%
3AA9.4%
4BB3.6%
5Unknown2.5%
6AAA0.6%
7Non-Rated0.4%
8Money Market-1.3%
Asset type
1UK Fixed Interest101.3%
2Money Market-1.3%
Individual holdings
1HEATHROW FUNDING LTD 6.75% 03/12/20261.5%
2TREASURY 4.5% GILT 7/9/2034 GBP0.011.3%
3DEUTSCHE TELEKOM INTL FINANCE B.V. 6.5% EMTN 08/04/22 GBP20001.2%
4WAL-MART STORES INC 4.875% BDS 19/01/39 GBP500001.2%
5GE CAPITAL UK FUNDING UNLTD CO 5.875% NTS 18/01/33 GBP10001.1%
6HSBC BANK 5.375% 20331.1%
7SANTANDER UK 1.875% 20201.1%
8TREASURY 3.25% GILT 22/01/44 GBP0.011.1%
9BANK OF AMERICA CORP 7% SNR NTS 31/07/28 GBP500001%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
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
Stephen Thariyan09/04/2009Stephen 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.
Philip Payne09/04/2009Philip Payne began his career at Henderson in 2000; he progressed to Junior Fund Manager in 2002 and Fund Manager in 2003. He is now the manager of a number of Henderson’s credit funds. Philip graduated from Nottingham Trent University with a BA (Hons) in Financial Services and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Henderson Sterling Bond G17 Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1830.2
Offer price1830.2
Mid price-
CurrencyGBX
Price updated29/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL656
L&G Henderson Sterling Bond G17 Pn Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1542.3
Offer price1542.3
Mid price-
CurrencyGBX
Price updated29/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL657
Data provided by

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