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Contact details

201 Bishopsgate, London, EC2M 3AE
0845 608 8703 (Dealing)
0800 832 832 (Main Number)

Fund managers

* Jenna Barnard10-Jun-2011 to Present
* John Pattullo» 10-Jun-2011 to Present
* Nicholas Ware» 01-Feb-2014 to Present
Nicholas Ware» 01-Apr-2013 to 31-Jan-2014
Ben Pakenham» 01-May-2010 to 18-Aug-2011
James Gledhill» 18-Dec-2007 to 09-Jun-2011
Jenna Barnard» 09-Apr-2009 to 30-Apr-2010
John Pattullo» 09-Apr-2009 to 30-Apr-2010
Nick Hayes» 18-Dec-2007 to 09-Apr-2009
Theodora Zemek» 28-Feb-2003 to 17-Dec-2007
Paul Reed» 01-May-1991 to 01-Feb-2003

Investment objectives

To achieve a high yield. The fund will invest principally in fixed interest securities including preference shares.

Key Information

Fund vs sector

  1y 3y
Position 37 / 71 20 / 61
Quartile 3 2

Fund ratings

SilverMstar OBSR
FE Crown Rating: 3 FE Crown Rating


  1y 3y
Volatility 2.52 3.80
Alpha 0.50 1.09
Beta 0.89 1.06
Sharpe 1.05 1.52
Info Ratio -0.13 1.09
R2 0.62 0.87
Quartiles:   1  2  3  4   help with ratios
vs. Sterling Strategic Bond»
performance chart
INC +5.5+30.0+40.4+6.0+16.2-1.1+9.2
  STERLING STRATEGIC BOND   +6.1+23.5+37.4+3.4+12.6+4.0+7.0
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf HENDERSON FIXED INTEREST MONTHLY INCOME I INC GBP INC 105.91 (p) 106.56 (p) 19-Dec-2014 6.10 0.70% 0X3U B7GSYN7
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf HENDERSON FIXED INTEREST MONTHLY INCOME ACC ACC 24.93 (p) 26.15 (p) 19-Dec-2014 6.00 1.43% 0X3T B7BX6S6
pdf HENDERSON FIXED INTEREST MONTHLY INCOME INC INC 21.99 (p) 23.06 (p) 19-Dec-2014 6.00 1.43% CH13 0192048

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£700.4m / $1,093.7m (31-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 100.0 Monthly Launch28-Mar-1979
Pricing times12:00 Daily Dealing frequencyDaily
Dealing times12
Minimum initial£ 1,000
Minimum additional£ 100
Initial charge4.25%
Annual management charge1.25%
Note to chargesInitial Charges: ;
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Dividend policyJan 01, Feb 01, Mar 01 (Final), Apr 01, May 01, Jun 01, Jul 01, Aug 01, Sep 01, Oct 01, Nov 01, Dec 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Fixed Interest Corporate Sterling Strategic Bond
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
SCOTTISH WIDOWS 7.00% 2043 1.90 1 - -
WORLDPAY 1.60 2 - -
TULLETT PREBON GROUP 7.04% 2016 1.60 3 - -
AA BOND 9.50% 2019 1.50 4 - -
NATIONWIDE BUILDING SOCIETY 10.25% 2049 1.50 5 - -
IRON MOUNTAIN 6.75% 2018 1.50 6 - -
AXA 6.772% 2049 1.50 7 - -
THOMAS COOK GROUP 7.75% 2017 1.50 8 - -
ARQIVA BROADCAST HOLDINGS 9.5% BDS 31/03/20 GBP100000 144A 1.40 9 - -
LLOYDS BANKING GROUP 7.881% 2049 1.40 10 - -
Regional weightings, 31-Oct-2014
United Kingdom51.851 51.85% United Kingdom
Europe31.882 31.88% Europe
North America11.153 11.15% North America
Cash1.684 1.68% Cash
Japan1.365 1.36% Japan
Pacific Region1.266 1.26% Pacific Region
Emerging Markets0.667 0.66% Emerging Markets
Forward Foreign Exchange0.168 0.16% Forward Foreign Exchange
Sector weightings, 31-Oct-2014
High Yield Corporate Bonds61.161 61.16% High Yield Corporate Bonds
Investment Grade Corporate Bonds26.962 26.96% Investment Grade Corporate Bonds
Loans6.743 6.74% Loans
Cash1.684 1.68% Cash
Preference Shares1.505 1.50% Preference Shares
Asset/Mortgage-Backed Securities1.496 1.49% Asset/Mortgage-Backed Securities
Derivatives0.317 0.31% Derivatives
Forward Foreign Exchange0.168 0.16% Forward Foreign Exchange

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Roy Apr 02nd, 2014 at 01:20 PM

Is there a likelihood that the level of dividend for this fund will continue into 14/15


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Asset allocation

Bonds, 96.35%
96.3500% ofBonds
Cash, 1.68%
1.6800% ofCash
Equities, 1.50%
1.5000% ofEquities
Derivatives, 0.31%
0.3100% ofDerivatives
Forward Foreign Exchange, 0.16%
0.1600% ofForward Foreign Exchange

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