Fact sheet: LV= Henderson Stg Bnd Pn

Fund information
Fund name
LV= Henderson Sterling Bond Pn
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Stephen Thariyansince 08/04/2009
  • Philip Paynesince 08/04/2009
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
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
12.7%
1 Year rank in sector
27/261
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£0m (£0m 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.
40
Bid price
145.1
Offer price
152.6
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP19.4%
OMW IPL L&G AAA CrpBdOv15YIx Pn15.6%
M&G PP All Stock Corporate Bond Pn15.6%
Zurich M&G All StCor Bd15.4%
L&G PMC AAAAAA CpBd Ov15Y Id Pn14.8%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%2.5%-2.7%12.7%20.9%37.3%
Sector0.3%1.8%-3%10.2%19.3%36.9%
Rank within sector248 / 26528 / 264124 / 26527 / 26178 / 235101 / 214
Quartile4th1st2nd1st2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund-0.2%10.7%-0.3%11.6%-0.2%
Sector0.2%9.4%0.2%10.5%1%
Rank within sector225 / 26554 / 260180 / 24670 / 235192 / 226
Quartile4th1st3rd2nd4th
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.
-0.96
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.
1.26
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.
0.38
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%.
6.92
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.
2.09
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.
0.19
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.
0.95
Price movement
52 week high150.4
52 week low128.5
Current bid price145.1
Current offer price152.6
Current mid price-
Region
1UK97.4%
2Money Market2.6%
Industry sector
1BBB53.3%
2A32.4%
3AA7.1%
4BB3.4%
5Money Market2.6%
6AAA0.6%
7Non-Rated0.6%
Asset type
1UK Fixed Interest97.4%
2Money Market2.6%
Individual holdings
1HEATHROW FUNDING LTD 6.75% 03/12/20261.3%
2DEUTSCHE TELEKOM INTL FINANCE B.V. 6.5% EMTN 08/04/22 GBP20001.2%
3WAL-MART STORES INC 4.875% BDS 19/01/39 GBP500001.2%
4GE CAPITAL UK FUNDING UNLTD CO 5.875% NTS 18/01/33 GBP10001.1%
5SANTANDER UK 1.875% 20201.1%
6B.A.T.INTERNATIONAL FINANCE 6.375% NTS 12/12/19 GBP(VAR)1%
7BANK OF AMERICA CORP 7% SNR NTS 31/07/28 GBP500001%
8GOLDMAN SACHS GROUP 4.25% EMTN 29/01/20261%
9ING BANK NV LONDON 6.875% BDS 29/05/23 GBP500001%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
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
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Stephen Thariyan08/04/2009Stephen 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 Payne08/04/2009Philip Payne began his career at Henderson Global Investors in 2000; he progressed to Fund Manager in 2003 and is now the manager of the Henderson All stocks Credit and Long Dated Credit Funds. Phillip graduated from Nottingham Trent University with a BA (Hons) in Financial Services is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Henderson Sterling Bond Pn
Initial charge-
Annual charge1.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.15%
Bid price145.1
Offer price152.6
Mid price-
CurrencyGBX
Price updated16/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAWH7
Data provided by

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