Fact sheet: Henderson Crdt Alpha

Fund information

Fund name
Henderson Credit Alpha Y Acc GBP
Fund company manager
Henderson Global Investors Ltd
Fund type
OIC
Fund manager
Tom Ross
since 02/07/2007
Fund objective
The Henderson Credit Alpha Fund is a long short credit fund primarily taking positions in credit default swaps and corporate bonds. The fund has a global opportunity set spanning high grade and high yield. Currency risk and interest rate risk are hedged using forwards, government bond futures and interest rate swaps.
Benchmark
LIBOR 3 month GBP
Investment style
Fixed Income Arbitrage
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

-2.54 %

1 Year rank in sector

63/71

Sector

UT Targeted Absolute Return

Yield

1.8

Fund size

£ 392.8 m

FE Risk score

16

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Money Market
    65.3014%
  • UK
    13.4171%
  • Germany
    6.388%
  • Italy
    5.4671%
  • Luxembourg
    3.1321%
  • Money Market
    65.3014%
  • Financials
    19.8837%
  • Industrials
    5.1719%
  • Utilities
    2.1942%
  • Consumer Goods
    2.1816%
  • Others
    65.3894%
  • Global Fixed Interest
    38.2054%
  • Alternative Investment Strategies
    -3.5948%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.19 %-3.25 %-2.54 %-6.37 %2.09 %
Sector0.77 %2.85 %4.12 %7.83 %18.9 %
Rank within sector58 / 7771 / 7463 / 7155 / 5647 / 48
Quartile th4 th4 th4 th4 th4 th

Calendar performance

YTD-20172016201520142013
Fund-2.98 %-1.78 %-0.62 %0 %3.28 %
Sector2 %0.97 %2.2 %2.51 %6.51 %
Rank within sector74 / 7754 / 7051 / 6448 / 5539 / 50
Quartile th4 th4 th4 th4 th4 th

Risk statistics

Alpha-3.2
Beta0.44
Sharpe-0
Volatility1.85
Tracking error1.93
Information ratio-2.33
R-Squared0.17

Price movement

52 week high111
52 week low107
Current bid price0
Current offer price0
Current mid price107.3

Holdings by region

  • 65.3014% Money Market
  • 13.4171% UK
  • 6.388% Germany
  • 5.4671% Italy
  • 3.1321% Luxembourg
  • 2.6375% France
  • 2.3727% USA
  • 1.3099% Nigeria
  • 0.969% Austria
  • 0.8027% Mexico

Holdings by sector

  • 65.3014% Money Market
  • 19.8837% Financials
  • 5.1719% Industrials
  • 2.1942% Utilities
  • 2.1816% Consumer Goods
  • 1.792% Consumer Services
  • 1.6894% Mortgage & Secured Bonds
  • 1.4059% Telecommunications
  • 1.0147% Basic Materials
  • 0.9052% Technology

Holdings by asset type

  • 65.3894% Others
  • 38.2054% Global Fixed Interest
  • -3.5948% Alternative Investment Strategies

Individual holdings

  • 3.86% GARFUNKELUX HOLDCO 3 SA 8.50 01/11/2022
  • 3.12% FNCIM 6 1/4 01/15/40
  • 3% T/L ADRIA GROUP 0% 6/4/18 /EUR
  • 2.4% KENNEDY WILSON EUROP
  • 2.2% WFS GLOBAL HLDGS 9.50 15/07/2022
  • 1.86% ATF NETHERLANDS BV 3.75% BDS 29/12/49 EUR100000
  • 1.73% LECTA SA 6.50 01/08/2023
  • 1.71% GRAND CITY PROPERTIES SA 3.75
  • 1.52% CMA CGM 7.75% BDS 15/01/21 EUR100000
  • 1.23% AA BOND CO LTD(JE) 2.875% BDS 31/07/43 GBP100000