Fact sheet: Henderson Crdt Alpha

Fund information

Fund name
Henderson Credit Alpha Y Acc GBP
Fund company manager
Henderson Global Investors Ltd
Fund type
OEIC
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

-3.16 %

1 Year rank in sector

68/73

Sector

UT Targeted Absolute Return

Yield

1.4

Fund size

£ 360.8 m

FE Risk score

15

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Others
    70.5%
  • UK
    8.48%
  • Germany
    6.11%
  • Europe
    5.76%
  • International
    0.76%
  • Financials
    18.71%
  • Derivatives
    14.02%
  • Utilities
    2.35%
  • Mortgage & Secured Bonds
    1.84%
  • Health Care
    1.22%
  • Others
    70.5%
  • Global Fixed Interest
    47.32%
  • Alternative Investment Strategies
    -63.81%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.09 %-1.11 %-3.16 %-6.05 %0.37 %
Sector-0.05 %1.2 %2.96 %6.49 %16.6 %
Rank within sector42 / 7866 / 7668 / 7357 / 5947 / 49
Quartile th3 rd4 th4 th4 th4 th

Calendar performance

YTD-20172016201520142013
Fund-3.07 %-1.78 %-0.62 %0 %3.28 %
Sector2.32 %0.97 %2.2 %2.51 %6.51 %
Rank within sector71 / 7654 / 6951 / 6448 / 5539 / 50
Quartile th4 th4 th4 th4 th4 th

Risk statistics

Alpha-3.17
Beta0.44
Sharpe-0
Volatility1.86
Tracking error1.96
Information ratio-2.35
R-Squared0.17

Price movement

52 week high111
52 week low107
Current bid price0
Current offer price0
Current mid price107.2

Holdings by region

  • 70.5% Others
  • 8.48% UK
  • 6.11% Germany
  • 5.76% Europe
  • 0.76% International
  • -0.35% Switzerland
  • -1.66% Scandinavia
  • -3.41% France
  • -16.58% USA
  • -41.39% Not Specified

Holdings by sector

  • 18.71% Financials
  • 14.02% Derivatives
  • 2.35% Utilities
  • 1.84% Mortgage & Secured Bonds
  • 1.22% Health Care
  • 1.09% Industrials
  • 0.83% Basic Materials
  • 0.83% Government Bonds
  • -1.45% Telecommunications
  • -2.44% Consumer Services

Holdings by asset type

  • 70.5% Others
  • 47.32% Global Fixed Interest
  • -63.81% Alternative Investment Strategies

Individual holdings

  • 2.21% MECCANICA HOLDINGS USA INC 6.25% BDS 15/01/40 USD1000`144A`
  • 2.17% MERCURY BONDCO 7.125% BDS 30/05/21 EUR100000 REG S
  • 2% ATF NETHERLANDS BV 3.75% BDS 29/12/49 EUR100000
  • 1.83% GRAND CITY PROPERTIES 3.75% 2049
  • 1.7% ELECTRICITE DE FRANCE 5.375% 2049
  • 1.65% AA BOND CO LTD(JE) 2.875% BDS 31/07/43 GBP100000
  • 1.55% PHOENIX GROUP 4.125% 2022
  • 1.54% ROYAL BANK OF SCOTLAND GROUP PLC 7.648% FLTG RTE BDS 31/8/2049 USD1000
  • 1.51% DRESDNER FUND AND TRUST NO 1 8.151% BDS 30/6/2031 USD1000
  • 1.49% HARMAN FINANCE INTERNATIONAL 2% BDS 27/05/22 EUR1000