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Henderson Cautious Managed

Ranked 303 out of 360 in - Balanced GBP over 12 months
All calculations are in GBP

Managed by

Jenna Barnard

Jenna Barnard graduated from Oxford University with a BA degree in Politics, Philosophy and Economics. She started her career with Orbitex Investments Ltd as an inverstment analyst. Jenna joined Henderson Global Investors in 2002 as a credit analyst and assistant portfolio manager. In 2004 she became a credit portfolio manager and in 2005 she took charge of the Henderson Strategic High Yield Bond fund and the Preference and Bond fund alongside John Pattullo. Jenna is currently an associate director of fixed income. She is a CFA Charterholder and an affiliate member of the UKSIP and the Securities Institute.

Christopher Burvill

Christopher Burvill was born in 1958 and graduated in Economics from Cardiff University. He joined Gartmore in 2003 where he is responsible for the Gartmore Cautious Managed fund. Prior to this he was a UK equity manager with Commercial Union and before this he worked for Investec for ten years. In his spare time, Burvill is a keen musician.

John Pattullo

Having graduated from St Andrews University in 1993 with a degree in economics, John Pattullo began his career as an audit supervisor with Price Waterhouse Coopers. After a four-year stint at the accountancy firm, his career took a different path when he joined Henderson Global Investors as a trainee manager. The Edinburgh-born manager’s rise within his new company was rapid. In the ten years he has been involved in fund management he has risen to the position of director of retail credit within the group. Outside of fund management, Pattullo enjoys tennis, and his appreciation of golf seems to be at odds with Mark Twain’s description of the sport being ‘a good walk spoiled’.


The investment objective and policy of this Fund is to provide a combination of income and long-term capital growth. Investment will be in a diversified portfolio of equities, bonds and other related investments. At all times the investment in equities will be limited to a maximum of 60% of the value of the Fund's portfolio.


Balanced GBP over : 28/02/2014 - 28/02/2015

Total Return

Quarterly Performance

to 01/01/2015 Annual Q1 Q2 Q3 Q4
2014 3.8% 0.6% 1.7% 0.0% 1.4%
2013 14.2% 6.2% -0.3% 4.4% 3.3%
2012 11.7% 3.7% -0.3% 4.8% 3.1%
2011 1.2% 1.2% 2.0% -5.5% 3.8%
2010 8.3% 3.9% -4.2% 6.5% 2.1%
2009 13.1% -7.7% 8.0% 10.6% 2.6%
2008 -8.8% -4.4% -2.4% -2.1% -0.2%
2007 1.6% 0.5% 0.7% 0.7% -0.4%
2006 8.8% 3.5% -1.4% 3.4% 3.1%
2005 14.0% 2.5% 3.5% 4.1% 3.2%
2004 11.5% 1.8% 0.5% 3.2% 5.7%
2003 10.8% 3.1% 4.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
GBP Cash 16.06
GBP Forward Contract 6.11
HSBC Holdings PLC ORD 2.88
AstraZeneca PLC ORD 2.11
Royal Dutch Shell Plc B ORD 2.11
United Kingdom 2.500% 26-Jul-2016 2.08
United Kingdom 1.875% 22-Nov-2022 2.01
GlaxoSmithKline PLC ORD 2.01
Vodafone Group PLC ORD 1.98

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date03/02/2003
  • Share Class size1,022Mn
  • Base currencyGBP
  • ISIN GB0032477639

Purchase Info

  • Min. initial investment100,000
  • Min. additional investment5,000


  • Annual management1.3%
  • Initial investment5

Related News

Chris Burvill: FTSE at 7500 by year-end ‘absolutely achievable’

Chris Burvill, director of UK equities at Henderson, has argued that a combination of factors could propel the FTSE 100 to record levels by the end of the year.

Henderson's Burvill: a 'panic moment' is coming for bond investors

Henderson Cautious Managed manager Chris Burvill remains bullish on the UK’s consumer facing equities but has been adding selective high yield bond opportunities to the £900 million fund.

Henderson Cautious Managed

Henderson’s McConkey and Burvill hit as HMV falls into administration

(Update) Henderson Global Investors have taken a small hit from the demise of HMV, while a number of wealth firms have positions in the collapsed retailer likely to be held on behalf of execution only clients.  

Pattullo and Barnard join forces with Burvill on Henderson Cautious fund

(Update) Bond duo John Pattullo and Jenna Barnard have joined Chris Burvill as co-managers of the Henderson Cautious Managed fund following its merger with the Distribution fund.

Chris Burvill: who stole the appetite for equities?

With no one very hungry for equities at the moment, the Henderson Cautious Managed fund manager asks how often do starvation diets end up in overindulgence?

Fund of the Week: Henderson Cautious Managed

The skies have turned black, recession is back and global growth fears abound. So where do you put your cash at a time like this?

Henderson to merge 12 funds in final Gartmore integration

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Why Chris Burvill is feeling a little more optimistic

Henderson Cautious Managed fund manager Chris Burvill explains why he is feeling a little bit more optimistic about life this year.

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).