Janus Henderson Investors Absolute Return Class I Acc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
Performance
Discrete performance - to last month end
| 31/07/19 to 31/07/20 |
31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
31/07/22 to 31/07/23 |
31/07/23 to 31/07/24 |
|
|---|---|---|---|---|---|
| Fund | 4.4% | 4.7% | -1.7% | 4.5% | 8.8% |
| Sector | -0.4% | 6.6% | -0.3% | 1.5% | 8.3% |
| Rank | 17/67 | 42/69 | 38/73 | 17/78 | 36/79 |
| Quartile | 1 | 3 | 3 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/24 |
5 Years to 31/07/24 |
10 Years to 31/07/24 |
||
| Fund | 3.8% | 4.1% | 3.6% | |
| Sector | 3.1% | 3.1% | 2.4% | |
| Rank | 25/73 | 26/67 | 16/41 | |
| Quartile | 2 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| RELX | 9.66 |
| Santander UK PLC CD 5.17% GBP 02-Dec-2024 | 2.20 |
| Sumitomo Mitsui Banking Corp CD 5.31% GBP 09-Oct-2024 | 1.88 |
| Mitsubishi UFJ Trust & Banking Corp/London CD 5.37% GBP 20-Sep-2024 | 1.77 |
| Sumitomo Mitsui Banking Corp CD 5.29% GBP 15-Oct-2024 | 1.71 |
| ING Bank NV/London CD 5.2% GBP 26-Nov-2024 | 1.68 |
| Sherborne Investors Management (Guernsey) LLC Sherborne Investors (Guernsey) C Ltd Ord | 1.68 |
| Citibank NA CD 5.28% GBP 11-Nov-2024 | 1.67 |
| UBS AG CD 5.27% GBP 01-Oct-2024 | 1.45 |
| Credit Industriel et Commercial/London CD 5.3% GBP 18-Nov-2024 | 1.45 |
| Total | 25.15 |
Fund Aims
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 Manager
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.
Fund Overview
| Mid (23/08/2024) | 202.60p |
| Historic yield | 2.80% |
| Fund size (31/07/2024) | £909.77m |
| Number of holdings | 275 |
| Entry Charge | 5.00% |
| Ongoing Charges | 1.07% |
| Launch date | 14/04/2009 |
Asset Allocation
| Alternative Trading Strategies | 55.87% | |
| International Bonds | 45.90% | |
| UK Corporate Bonds | 15.58% | |
| UK Equities | 13.99% | |
| Cash and Equivalents | 8.45% | |
| International Equities | 7.91% | |
| Other Assets | -47.70% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| Alternative Trading Strategies | 55.87% | |
| International Bonds | 45.90% | |
| UK Corporate Bonds | 15.58% | |
| UK Equities | 13.99% | |
| Cash and Equivalents | 8.45% | |
| International Equities | 7.91% | |
| Other Assets | -47.70% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 61.48% | - | - | - | |
| Alternative Trading Strategies | 55.87% | - | - | - | |
| Alternative Trading Strategies | - | 55.87% | - | - | |
| Alternative Trading Strategies | - | - | 55.87% | - | |
| Alternative Trading Strategies | - | - | - | 55.87% | |
| Consumer Discretionary | 10.75% | - | - | - | |
| Media | - | 9.66% | - | - | |
| Media | - | - | 9.66% | - | |
| Publishing | - | - | - | 9.66% | |
| Consumer Products & Services | - | 0.93% | - | - | |
| Household Goods & Home Construction | - | - | 0.93% | - | |
| Home Construction | - | - | - | 0.93% | |
| Retail | - | 0.16% | - | - | |
| Retailers | - | - | 0.16% | - | |
| Diversified Retailers | - | - | - | 0.16% | |
| Cash and Equivalents | 8.45% | - | - | - | |
| Financials | 3.44% | - | - | - | |
| Insurance | - | 1.72% | - | - | |
| Non-life Insurance | - | - | 1.72% | - | |
| Reinsurance | - | - | - | 1.00% | |
| Property & Casualty Insurance | - | - | - | 0.67% | |
| Full Line Insurance | - | - | - | 0.05% | |
| Financial Services | - | 1.69% | - | - | |
| Investment Banking & Brokerage Services | - | - | 1.69% | - | |
| Asset Managers & Custodians | - | - | - | 1.53% | |
| Investment Services | - | - | - | 0.17% | |
| Banks | - | 0.02% | - | - | |
| Banks | - | - | 0.02% | - | |
| Banks | - | - | - | 0.02% | |
| Industrials | 2.34% | - | - | - | |
| Industrial Goods & Services | - | 1.81% | - | - | |
| Industrial Support Services | - | - | 1.00% | - | |
| Professional Business Support Services | - | - | - | 0.89% | |
| Transaction Processing Services | - | - | - | 0.11% | |
| Industrial Transportation | - | - | 0.53% | - | |
| Transportation Services | - | - | - | 0.33% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.20% | |
| Electronic & Electrical Equipment | - | - | 0.28% | - | |
| Electronic Equipment: Other | - | - | - | 0.16% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.12% | |
| Construction & Materials | - | 0.53% | - | - | |
| Construction & Materials | - | - | 0.53% | - | |
| Building: Climate Control | - | - | - | 0.53% | |
| Technology | 1.40% | - | - | - | |
| Technology | - | 1.40% | - | - | |
| Technology Hardware & Equipment | - | - | 0.86% | - | |
| Production Technology Equipment | - | - | - | 0.50% | |
| Semiconductors | - | - | - | 0.20% | |
| Computer Hardware | - | - | - | 0.16% | |
| Software & Computer Services | - | - | 0.54% | - | |
| Software | - | - | - | 0.54% | |
| Basic Materials | 0.85% | - | - | - | |
| Basic Resources | - | 0.85% | - | - | |
| Precious Metals & Mining | - | - | 0.61% | - | |
| Gold Mining | - | - | - | 0.61% | |
| Industrial Metals & Mining | - | - | 0.23% | - | |
| Iron & Steel | - | - | - | 0.23% | |
| Health Care | 0.62% | - | - | - | |
| Health Care | - | 0.62% | - | - | |
| Medical Equipment & Services | - | - | 0.32% | - | |
| Medical Equipment | - | - | - | 0.32% | |
| Pharmaceuticals & Biotechnology | - | - | 0.29% | - | |
| Pharmaceuticals | - | - | - | 0.29% | |
| Consumer Staples | 0.47% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.25% | - | - | |
| Beverages | - | - | 0.25% | - | |
| Soft Drinks | - | - | - | 0.25% | |
| Personal Care, Drug & Grocery Stores | - | 0.22% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.22% | - | |
| Personal Products | - | - | - | 0.22% | |
| Non-Classified | -45.66% | - | - | - | |
| Non-Classified | - | 4.27% | - | - | |
| Non-Classified | - | - | 4.27% | - | |
| Non-Classified | - | - | - | 4.27% | |
Regional Allocation
| UK | 24.91% | |
| Developed Europe - Excl UK | 22.81% | |
| North America | 16.60% | |
| Non-Classified | 13.06% | |
| Cash and Equivalents | 8.45% | |
| Australia & New Zealand | 5.14% | |
| Middle East & Africa | 3.73% | |
| Developed Asia | 3.19% | |
| Japan | 2.11% |
Fixed Interest Currencies
| Pound Sterling | 61.48% | |
| Non-Fixed Interest Assets | 30.07% | |
| Cash | 8.45% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 24.91% | - | |
United Kingdom
|
- | 24.91% | |
| Developed Europe - Excl UK | 22.81% | - | |
Netherlands
|
- | 5.54% | |
Finland
|
- | 4.79% | |
France
|
- | 3.47% | |
Denmark
|
- | 3.10% | |
Sweden
|
- | 2.58% | |
Switzerland
|
- | 1.45% | |
Norway
|
- | 1.41% | |
Ireland
|
- | 0.34% | |
Germany
|
- | 0.13% | |
| North America | 16.60% | - | |
United States
|
- | 8.55% | |
Canada
|
- | 7.05% | |
Bermuda
|
- | 1.00% | |
| Non-Classified | 13.06% | - | |
| Cash and Equivalents | 8.45% | - | |
| Australia & New Zealand | 5.14% | - | |
Australia
|
- | 5.14% | |
| Middle East & Africa | 3.73% | - | |
United Arab Emirates
|
- | 3.73% | |
| Developed Asia | 3.19% | - | |
Singapore
|
- | 3.19% | |
| Japan | 2.11% | - | |
Japan
|
- | 2.11% | |
Property Regions
| Bellway | 2.90% | |
| Meggitt | 2.20% | |
| Legal & General | 2.10% | |
| Visa | 1.40% | |
| BP | 1.40% | |
| CRH | 1.30% | |
| Other | 4.80% |
Asset Allocation
| Industrials | 8.40% | |
| Financials | 6.50% | |
| Health Care | 2.90% | |
| Consumer Goods | 2.40% | |
| Technology | 2.20% | |
| Consumer Services | 1.80% | |
| Other Assets | -8.90% |
Breakdown By Market Cap (%)
| Mega |
|
13.00% |
| Large |
|
2.15% |
| Medium |
|
0.08% |
| Small |
|
1.81% |
| Non-Classified |
|
13.04% |
| Bonds |
|
61.48% |
| Cash |
|
8.45% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
61.48% |
| Cash And Equivalents |
|
8.45% |
| Unknown Maturity |
|
-56.63% |
| Other Asset Types |
|
86.70% |
Fixed Interest Quality Profile
| Unknown Quality |
|
61.48% |
| Cash and Equivalents |
|
8.45% |
| Other Asset Types |
|
30.07% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | RELX | 9.66% | Media | United Kingdom |
| 2 | Santander UK PLC CD 5.17% GBP 02-Dec-2024 | 2.20% | Bonds | United Kingdom |
| 3 | Sumitomo Mitsui Banking Corp CD 5.31% GBP 09-Oct-2024 | 1.88% | Bonds | United Kingdom |
| 4 | Mitsubishi UFJ Trust & Banking Corp/London CD 5.37% GBP 20-Sep-2024 | 1.77% | Bonds | United Kingdom |
| 5 | Sumitomo Mitsui Banking Corp CD 5.29% GBP 15-Oct-2024 | 1.71% | Bonds | United Kingdom |
| 6 | ING Bank NV/London CD 5.2% GBP 26-Nov-2024 | 1.68% | Bonds | Netherlands |
| 7 | Sherborne Investors Management (Guernsey) LLC Sherborne Investors (Guernsey) C Ltd Ord | 1.68% | Non-Classified | United Kingdom |
| 8 | Citibank NA CD 5.28% GBP 11-Nov-2024 | 1.67% | Bonds | United States |
| 9 | UBS AG CD 5.27% GBP 01-Oct-2024 | 1.45% | Bonds | Switzerland |
| 10 | Credit Industriel et Commercial/London CD 5.3% GBP 18-Nov-2024 | 1.45% | Bonds | France |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B5KKCX1 |
| Mex Code | NWGUAR |
| Isin Code | GB00B5KKCX12 |
| Citi Code | F9A5 |
Fund Charges
| Entry Charge | 5.00% |
| Ongoing Charges | 1.07% |
Aims and Benchmark
| Aims | 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. |
| Benchmark | Performance Fee Hurdle UK Base Rate |
| Benchmark Category | - |
| IA Sector | Targeted Absolute Return |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 December | 31 January |
| 01 June | 31 July |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The National Westminster Bank plc |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | BNP Paribas |
Group Details
| Group name | Janus Henderson Investors |
| Group address | PO Box 9023 Chelmsford CM99 2WB |
| Group telephone | 0800 832 832 |
| Dealing telephone | 0845 608 8703 |
| support@henderson.com | |
| Homepage | www.henderson.com |
| Fax number | 0870 888 3094 |
Dealing
| Minimum Investment | £500000 |
| Minimum Top Up | £10000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 1.77 |
| Beta | 0.79 |
| Sharpe | 0.08 |
| Standard Deviation | 3.47 |
| Info Ratio | 0.51 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | Yes |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | Yes |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | Yes |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Geared Investments
The fund focuses on geared investments. Funds which focus on geared investments such as warrants or options carry a higher degree of risk than other equity investments because of the risk of the underlying investments. It is possible that the fund may suffer sudden and large falls in value so that the short fall on cancellation, or the loss of the realisation on the investment at any time after the investor has bought the contract, could be very high and could even equal the amount invested, in which case you would get nothing back.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Performance Charges
This fund makes charges that depend on the fund's performance. For full details please refer to the fund prospectus.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Solvency of Depository
The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.