Henderson UK Absolute Return Fund

October 2011 - Henderson UK Absolute Return Fund - no discounted terms available

The Henderson UK Absolute Return Fund forms part of a strategy which will apply an initial charge of 5% on any new investments from 30th November 2011. No concessionary financial terms are available for new investments into this fund from this date.

Fund managers

Ben Wallace

Ben joined Henderson in 2011 as an Investment Manager. Prior to that, Ben was a Senior Investment Manager at Gartmore. Before joining Gartmore in 2002, Ben worked at Deutsche Asset Management, where he managed UK equity funds from 1997-2002. Ben graduated from the University of Edinburgh with a BCom (Hons). He is also a member of the UK Society of Investment Professionals.

Luke Newman

Luke joined Henderson in 2011 as a Senior Investment Manager for European Equities. Prior to that, Luke worked at Gartmore from June 2009 after joining from Altima Partners LLP to manage the Alphagen Octanis & Gartmore UK Absolute Return funds alongside Ben Wallace. Previously Luke was a UK Fund Manager at Deutsche Asset Management running high performance mandates before moving to Foreign & Colonial in 2005 where he launched the F&C Special Situations fund and subsequently the F&C Enhanced Alpha fund which took advantage of the UCITSIII regulations to introduce an active shorting strategy. Luke graduated from the University of Warwick with a BSc Hons in Economics & Politics.

Investment objective

The fund aims to provide a positive return over the long term whether markets go up or down by investing in UK company shares. Derivatives will be used to help the fund achieve its objective. The fund aims to typically deliver absolute (more than zero) returns in each year, although an absolute return performance is not guaranteed. Over the short term it may experience periods of negative returns so the fund may not achieve this objective.

Fund facts

Key facts

Asset class	Equities
Structure	OEIC
Launch date	13 April 2009
Base Currency	GBP
Sector	IMA Absolute Return
Benchmark	Performance Fee Hurdle UK Base Rate
Year End	31-May
Hurdle rate	Performance Fee Hurdle Bank of England Base Rate
Valuation point	12:00
Fund status	Open for new investment

Share classes

Henderson UK Absolute Return Fund A Acc
Distribution type	Accumulation Net
ISIN Code	GB00B5KKCS68
Initial charge	5.00%
Annual charges	1.50%
Minimum lump sum investment	£1000
Additional lump sum investment	£100
Minimum regular saving	£100
Dividend pay dates	31-Jul, 1-Feb
XD dates	1-Jun, 1-Dec
Performance fee	20% (relative to the hurdle rate and high water mark)
Fund status	Open for new investment

Fund performance

Cumulative performance

Share class	1 Year	2 Year	3 Years	4 Years	5 Years
A Acc	-0.38%	5.18%	-	-	-

Discrete performance

Share class	Dec 2010 - Dec 2011	Dec 2009 - Dec 2010	Dec 2008 - Dec 2009	Dec 2007 - Dec 2008	Dec 2006 - Dec 2007
A Acc	-0.4%	3.7%	-	-	-

General information

If there are any terms on this page you do not understand please refer to the glossary.

The IMA is the Investment Management Association who divide up the authorised funds universe into groups of funds, or IMA sectors, to permit like-for-like comparisons to be made.

Unless otherwise indicated all figures sourced from Morningstar, Financial Express, Datastream, BNP Paribas and Henderson Global Investors. Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.

Where stated, fund size at 12pm on last business day of the month.

If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.

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Understanding investment risk

The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Past performance is not a guide to future performance. For detailed on the risks associated with this investment product, please see the factsheet available above.

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Fund ratings and awards

30 December 2011

Fund contacts

General enquiries
0800 832 832 (Freephone)

Dealing line
0870 601 6103

support@henderson.com