Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Henderson Sterling Bond

Ranked 53 out of 106 in - Sterling Corporate Bond over 12 months
All calculations are in GBP unless stated

Managed by

Philip Payne

Philip Payne was born in St Asaph, North Wales in 1977. He attended Nottingham Trent University where he gained a BA in financial services. Philip started his career in 2000 at Henderson Global Investors where he started as a trainee bond dealer. In 2002 he became a junior fund manager and quickly climbed the ranks to become a fund manager in 2003. Philip currently manages a number of funds at Henderson New Star, including the Henderson Long Dated Credit Fund. He is a CFA Charterholder. Outside of fund management, Philip enjoys tennis, rugby and football.

Stephen Thariyan

Stephen Thariyan was born in Hampshire, England, in 1966. He studied accountancy at the University of Newcastle before embarking on his career as a trainee accountant at Ernst & Young. He moved to Chevron Corporation as a senior auditor in 1991, before joining Gulf Oil as a business and economic advisor. In 1996, Stephen became director and senior analyst in fixed income credit research at NatWest Markets, and three years later he joined Rogge Global Partners. He assumed the position of head of credit at Henderson, in 2007, and adopts an active investment style with sufficient diversification to ensure liquidity and mitigation of downside risk. He uses bond futures to manage duration and acknowledges that different forms of strategy with in the fund have proved worthy contributors during different terms. Outside of fund management, Stephen lists his interests as golf, shooting, skiing and cinema.


To achieve a high and stable income. The fund will invest principally in sterling denominated fixed interest securities including preference shares, concentrating on investment grade corporate bonds.

Showing fund performance in United Kingdom View performance globally


Sterling Corporate Bond over : 30/09/2016 - 30/09/2017

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 2.0% 0.9% 0.1%
2016 10.2% 2.1% 3.3% 7.6% -2.8%
2015 -1.1% 3.1% -5.0% 0.1% 0.9%
2014 11.1% 2.1% 2.3% 2.1% 4.2%
2013 0.3% 0.8% -2.5% 2.1% -0.1%
2012 13.3% 1.3% 2.0% 6.0% 3.5%
2011 7.8% 1.5% 2.0% 0.9% 3.3%
2010 14.6% 9.1% 1.1% 5.7% -1.6%
2009 28.9% -19.1% 26.4% 20.2% 4.9%
2008 -28.5% -6.7% 1.4% -9.4% -16.6%
2007 0.5% 0.3% -1.4% 0.6% 0.9%
2006 2.1% 0.2% -0.5% 2.1% 0.2%
2005 7.0% 1.0% 3.2% 1.1% 1.6%
2004 8.1% 1.1% 0.4% 3.2% 3.3%
2003 8.6% 0.6% 5.6% 0.2% 2.0%
2002 9.7% 2.4% 2.1% 2.8% 2.1%
2001 5.6% 3.1% -0.2% 2.8% -0.2%
2000 8.6% 1.5% 1.4% 1.7% 3.7%
1999 1.2% 1.2% -1.6% -1.6% 3.3%
1998 21.1% 6.5% 4.7% 3.6% 4.8%
1997 24.2% 4.1% 6.1% 5.7% 6.4%
1996 14.2% 1.4% 3.1% 3.8% 5.3%
1995 1.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date22/04/1988
  • Share Class size523Mn
  • Base currencyGBP
  • ISIN GB0007033870

Purchase Info

  • Min. initial investment100,000
  • Min. regular additional investment10,000


  • Annual management1.10%
  • Initial investment4.25

Related News

Ex-BoE adviser warns of massive CoCo pop

Peter Hahn, former senior adviser to the Bank of England, has argued that bond managers piling into contingent convertible (CoCo) bonds will not be protected by focusing on higher quality issuers.

Can Japanese easing sustain the high yield party?

The relative strength of the high yield market has come as a surprise to many, given its low absolute yield on a historic basis. Yet some investors argue the sector has even further to go.

Henderson promotes Barnard, adds to fixed income team

Henderson has promoted fixed income co-manager Jenna Barnard and added another face to the team.

Anderson and Roberts on job hunt as Henderson axes 14 Gartmore funds

Citywire can reveal the line-up of Gartmore managers joining Henderson after the deal completes in April with John Anderson, Dan Roberts and Leigh Himsworth not among those making the switch.

Henderson to merge away five funds

The group's consolidation of the New Star and Henderson fund ranges is under way.

Whittaker and Roantree to launch low-cost fund

Former New Star Asset Management chief investment officer, Stephen Whittaker, and bond specialist Phil Roantree, are to launch a low-cost fund service.

Is it time to bank the profits from the bond rally?

Should investors start reducing their exposure to corporate bond funds, following some exceptional returns from the asset class over the past 12 months?

Bond funds up over 25% in three months – but how?

Two bond funds have risen over 25% in just three months: what's going on?

The corporate bond funds that have delivered

Only a handful of UK corporate bond managers posted positive returns over the past 12 months, with GLG Partners' Lorenzo Gallenga and Gareth Isaac putting on their best performance.

Henderson bond duo to cut financials and property exposure

Henderson's Stephen Thariyan and Philip Payne have cut their exposure to financials on the New Star Sterling Bond fund, which they inherited from Philip Roantree last month.


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