To continue using FE Trustnet please choose an edition:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies on the website and how to delete cookies, see our Privacy and Cookie Policy.

I accept the FE Trustnet cookie policy

For more information Click here




It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table

Following their poor performance this year, are you going to increase your exposure to small cap funds in 2015?



You are here: Factsheet

Contact details

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

Fund managers

* John Pattullo01-Oct-2001 to Present
* 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 30 / 71 18 / 61
Quartile 2 2

Fund ratings

SilverMstar OBSR
FE Crown Rating: 2 FE Crown Rating


  1y 3y
Volatility 2.49 4.02
Alpha 0.46 1.09
Beta 0.95 1.10
Sharpe 1.22 1.53
Info Ratio 0.12 1.18
R2 0.73 0.85
Quartiles:   1  2  3  4   help with ratios
vs. Sterling Strategic Bond»
performance chart
INC +6.0+30.3+36.2+4.1+18.0-3.0+7.7
  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 PREFERENCE & BOND I GR INC INC 58.00 (p) 19-Dec-2014 5.70 0.70% H417 B03TP19
pdf HENDERSON PREFERENCE & BOND I INC INC 57.03 (p) 19-Dec-2014 5.70 0.70% TU04 0765172
pdf HENDERSON PREFERENCE & BOND I ACC ACC 124.20 (p) 19-Dec-2014 5.70 0.70% TU05 0765600
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf HENDERSON PREFERENCE & BOND A GR INC INC 54.60 (p) 19-Dec-2014 5.60 1.41% H416 B03TNZ9
pdf HENDERSON PREFERENCE & BOND A INC INC 53.80 (p) 19-Dec-2014 5.60 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£655.2m / $1,023.1m (19-Dec-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
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, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
United Kingdom Gilt 1.75% 2019 3.00 1 - *
BUPA Finance 6.125% 2049 1.80 2 - -
Altice 7.25% 2022 1.80 3 - -
Lloyds Banking Group 7.881% 2049 1.80 4 - -
Alliance Boots 1.50 5 - -
Standard Life 5.314% 2049 1.40 6 - -
AA Bond 9.50% 2019 1.30 7 - -
Nationwide Building Society 10.25% 2049 1.30 8 - -
Iron Mountain Europe 6.125% 2022 1.30 9 - -
Wind Acquisition Finance 7.00% 2021 1.30 10 - -
Regional weightings, 31-Oct-2014
United Kingdom53.891 53.89% United Kingdom
Europe29.622 29.62% Europe
North America9.853 9.85% North America
Cash3.764 3.76% Cash
Japan1.435 1.43% Japan
Pacific Region1.236 1.23% Pacific Region
Emerging Markets0.227 0.22% Emerging Markets
Sector weightings, 31-Oct-2014
High Yield Financial & Non-Financial Corporate Bonds51.601 51.60% High Yield Financial & Non-Financial Corporate Bonds
Investment Grade Financial & Non-Financial Corporate Bonds34.002 34.00% Investment Grade Financial & Non-Financial Corporate Bonds
Loans5.103 5.10% Loans
Cash4.104 4.10% Cash
Government Bonds3.005 3.00% Government Bonds
Preference Shares1.306 1.30% Preference Shares
Asset/Mortgage Backed0.907 0.90% Asset/Mortgage Backed

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.

Add your comment
Reload Change mode
Enter the words above:
Send comment
Be the first to comment on this Factsheet.

Investment options

pdf View & print PDF Factsheet
mail Email factsheet to a friend
life Click here for Henderson Preference & Bond life wrappers
pension Click here for Henderson Preference & Bond pension wrappers


Latest Fundswire  

Buy this fund here

You can now buy & sell funds and shares at our new sister-site at highly competitive rates

Asset allocation

UK Fixed Interest, 53.89%
53.8900% ofUK Fixed Interest
European Fixed Interest, 29.62%
29.6200% ofEuropean Fixed Interest
North American Fixed Interest, 9.85%
9.8500% ofNorth American Fixed Interest
Money Market, 3.76%
3.7600% ofMoney Market
Japanese Fixed Interest, 1.43%
1.4300% ofJapanese Fixed Interest
Asia Pacific Fixed Interest, 1.23%
1.2300% ofAsia Pacific Fixed Interest
Global Emerging Market Fixed Interest, 0.22%
0.2200% ofGlobal Emerging Market Fixed Interest

FE Adviser Fund Index

Sector analysis


FE Trustnet portfolio

register   login
Register      Login
Use the plus sign add to portfolio on the left to add this fund to your portfolio