Fact sheet: L&G Henderson Strat Bd Pn

Fund information
Fund name
L&G Henderson Strategic Bond Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Jenna Barnardsince 01/01/2006
  • John Pattullosince 21/10/1999
Underlying fund
Henderson Strategic Bond
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.
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
1 Year rank in sector
PN Sterling Strategic Bond
Fund size
£2m (£3m 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.
Bid price
Offer price
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc16.8%
AXA Wealth AXA Fram Mgd Inc Pn16.6%
Canlife AXA Fram Mgd Inc Pn16.5%
L&G Artemis High Income Pn15.8%
LV= Artemis High Income Pn15.4%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • North America34%
    Money Market8.8%
    Asia Pacific6.3%
  • High Yield Bond43.4%
    Investment Grade Corporate Bonds32.3%
    Money Market8.8%
    Government Bonds5.7%
  • Global Investment Grade Fixed Interest32.3%
    North American High Yield Fixed Interest17.6%
    European High Yield Fixed Interest12.9%
    UK High Yield Fixed Interest12.5%
    Asia Pacific Government Fixed Interest5.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector67 / 173109 / 172139 / 171123 / 16754 / 15652 / 143
Calendar performance
 YTD - 20172016201520142013
Rank within sector42 / 173135 / 16722 / 16234 / 15587 / 151
Risk statistics
?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.
?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.
?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.
?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%.
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.
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.
?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 high193.37
52 week low176.14
Current bid price191.06
Current offer price191.06
Current mid price-
1North America33.95%
4Money Market8.78%
5Asia Pacific6.27%
Industry sector
1High Yield Bond43.4%
2Investment Grade Corporate Bonds32.3%
3Money Market8.78%
5Government Bonds5.7%
6Preference Shares1.2%
7Asset/Mortgage-Backed Securities0.4%
Asset type
1Global Investment Grade Fixed Interest32.32%
2North American High Yield Fixed Interest17.59%
3European High Yield Fixed Interest12.88%
4UK High Yield Fixed Interest12.46%
5Asia Pacific Government Fixed Interest5.71%
6North American Fixed Interest5.59%
7Alternative Investment Strategies5.45%
8Money Market3.42%
9European Fixed Interest2.49%
Individual holdings
1AUSTRALIA(COMMONWEALTH OF) 1.75% TB 21/11/20 AUD100 (CDI)2.8%
2AUSTRALIA(COMMONWEALTH OF) 3.25% BDS 21/10/2018 AUD10001.9%
3ALTICE US FINANCE I CORP 5.5% BDS 15/05/26 USD2000001.5%
5BARCLAYS BANK 6.278% 20491.4%
8BNP PARIBAS 7.195% 20491.2%
9BUPA FINANCE 6.125% 20491.2%
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
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.
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
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.
No data available.
No data available.
Fund for sale in
United Kingdom
L&G Henderson Strategic Bond Pn G25
Initial charge-
Annual charge1.08%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.08%
Bid price191.06
Offer price191.06
Mid price-
Price updated16/02/2017
Institutional or retail classRetail
Citi codeL187
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