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Contact details

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

Support@henderson.com

Fund managers

* John Pattullo01-Oct-2001 to Present
    view
* Jenna Barnard» 01-Jan-2006 to Present
Rebecca Morris-Charles» 01-Mar-2014 to Present
Ian Dickson» 01-Jan-1981 to 01-Feb-2002


Investment objectives

To provide a return by investing primarily in sterling denominated preference shares, Government securities, corporate bonds, Eurobonds and other bonds. Where the Fund invests in currencies other than sterling, the Fund will always be hedged at least 80% to sterling in aggregate. The Fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.

Key Information

Fund vs sector

  1y 3y
Position 26 / 70 26 / 59
Quartile 2 2

Fund ratings

SilverMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 2 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 3.09 5.43
Alpha 0.72 -0.83
Beta 1.07 1.32
Sharpe 1.23 1.07
Info Ratio 0.75 0.56
R2 0.77 0.79
Quartiles:   1  2  3  4   help with ratios
vs. Sterling Strategic Bond»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
INC +5.4+25.5+39.2+6.7+11.6-2.4+13.7
  STERLING STRATEGIC BOND   +4.9+22.7+38.0+5.0+11.5+1.7+10.6
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf HENDERSON PREFERENCE & BOND I GR INC INC 57.40 (p) 30-Oct-2014 5.60 0.70% H417 B03TP19
pdf HENDERSON PREFERENCE & BOND I INC INC 56.53 (p) 30-Oct-2014 5.60 0.70% TU04 0765172
pdf HENDERSON PREFERENCE & BOND I ACC ACC 123.10 (p) 30-Oct-2014 5.60 0.70% TU05 0765600
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf HENDERSON PREFERENCE & BOND A GR INC INC 54.09 (p) 30-Oct-2014 5.50 1.41% H416 B03TNZ9
pdf HENDERSON PREFERENCE & BOND A INC INC 53.38 (p) 30-Oct-2014 5.50 1.41% HE13 0753586

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 Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£638.9m / $1,023.2m (30-Oct-14)
Savings plan Fund has Savings Plan  Launch09-Oct-1978
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 08:30 to 17:00
Minimum initial£ 1,000
Minimum additional£ 100
Initial charge4.00%
Annual management charge1.25%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Multi-Managern/a
Indexn/a
Dividend policyJan 01, Apr 01, Jul 01 (Final), Oct 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Fixed Interest Mixed Sterling Strategic Bond
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
United Kingdom Gilt 1.75% 2019 3.00 1 - *
BUPA Finance 6.125% 2049 1.80 2 - -
Lloyds Banking Group 7.881% 2049 1.80 3 - -
Altice 7.25% 2022 1.80 4 - -
Alliance Boots 1.50 5 - -
Standard Life 5.314% 2049 1.40 6 - -
Wind Acquisition Finance 7.00% 2021 1.40 7 - -
Nationwide Building Society 10.25% 2049 1.30 8 - -
AA Bond 9.50% 2019 1.30 9 - -
AXA 6.772% 2049 1.30 10 - -
Total16.60 
Regional weightings, 30-Sep-2014
Region(%)Rank 
UK52.261 52.26% UK
Europe29.022 29.02% Europe
North America9.153 9.15% North America
Cash6.934 6.93% Cash
Japan1.375 1.37% Japan
Pacific Region1.066 1.06% Pacific Region
Emerging Markets0.217 0.21% Emerging Markets
Total100.00 
Sector weightings, 30-Sep-2014
Sector(%)Rank 
High Yield Financial & Non-Financial Corporate Bonds49.501 49.50% High Yield Financial & Non-Financial Corporate Bonds
Investment Grade Financial & Non-Financial Corporate Bonds32.602 32.60% Investment Grade Financial & Non-Financial Corporate Bonds
Cash6.933 6.93% Cash
Loans5.504 5.50% Loans
Others3.005 3.00% Others
Preference Shares1.306 1.30% Preference Shares
Asset/Mortgage Backed0.907 0.90% Asset/Mortgage Backed
Derivatives0.278 0.27% Derivatives
Total100.00 

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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Asset allocation

UK Fixed Interest, 52.26%
52.2600% ofUK Fixed Interest
European Fixed Interest, 29.02%
29.0200% ofEuropean Fixed Interest
North American Fixed Interest, 9.15%
9.1500% ofNorth American Fixed Interest
Money Market, 6.93%
6.9300% ofMoney Market
Japanese Fixed Interest, 1.37%
1.3700% ofJapanese Fixed Interest
Asia Pacific Fixed Interest, 1.06%
1.0600% ofAsia Pacific Fixed Interest
Global Emerging Market Fixed Interest, 0.21%
0.2100% ofGlobal Emerging Market Fixed Interest

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