Janus Henderson Investors Absolute Return Class I Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

30/06/19
to
30/06/20		 30/06/20
to
30/06/21		 30/06/21
to
30/06/22		 30/06/22
to
30/06/23		 30/06/23
to
30/06/24
Fund 4.3% 4.3% -2.9% 6.3% 7.5%
Sector -0.4% 7.2% -0.7% 1.5% 8.0%
Rank 17/66 51/69 40/73 11/78 43/78
Quartile 1 3 3 1 3

Annualised performance

Annualised
3 Years to
30/06/24		 5 Years to
30/06/24		 10 Years to
30/06/24
Fund 3.5% 3.8% 3.4%
Sector 2.9% 3.1% 2.4%
Rank 26/73 27/66 17/40
Quartile 2 2 2

Top 10 Holdings

Stock % Weight
Forward FX GBP 17.18
Forward FX GBP 8.48
MERRILL LYNCH INTERNATIONAL & CO CV 0% 18/06/2025 USD 6.18
Muzinich Muzinich Global Short Duration Investment Grade Fund Class F Hedged 4.09
EURO-BUND FUTURE Sep24 3.75
4¼% Treasury Stock 2032 3.68
EMPIRIC STUDENT PROPERTY 2.42
Tritax Eurobox Plc Tritax Eurobox Plc Ord 2.13
ASSURA 1.40
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 15Jan31 USD I/L 1.01
Total 50.32

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 Newman manager for 14 years and 4 months

Photo of 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.

Fund Overview

Mid (26/07/2024) 201.10p
Historic yield 2.90%
Fund size (30/04/2024) £896.06m
Number of holdings 301
Entry Charge 5.00%
Ongoing Charges 1.07%
Launch date 14/04/2009

Asset Allocation

pie chart
  Investment Trusts 25.98%
  International Equities 8.72%
  International Bonds 5.10%
  Property 3.82%
  UK Gilts 3.68%
  Alternative Trading Strategies 2.94%
  UK Equities 2.71%
  Commodities 1.46%
  Money Market 0.00%
  Other Assets 45.60%
Portfolio data accurate as at: 30/06/24

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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  Investment Trusts 25.98%
  International Equities 8.72%
  International Bonds 5.10%
  Property 3.82%
  UK Gilts 3.68%
  Alternative Trading Strategies 2.94%
  UK Equities 2.71%
  Commodities 1.46%
  Money Market 0.00%
  Other Assets 45.60%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Non-Classified 52.00% - - -
 
 Non-Classified - 42.25% - -
 
 Non-Classified - - 42.25% -
 
 Non-Classified - - - 42.25%
 
 Financials 26.63% - - -
 
 Financial Services - 26.63% - -
 
 Equity Investment Instruments - - 25.98% -
 
 Equity Investment Instruments - - - 25.98%
 
 Investment Banking & Brokerage Services - - 0.36% -
 
 Asset Managers & Custodians - - - 0.36%
 
 Finance & Credit Services - - 0.29% -
 
 Financial Data & Systems - - - 0.29%
 
 Bonds 8.78% - - -
 
 Real Estate 5.95% - - -
 
 Real Estate - 5.95% - -
 
 Real Estate Investment Trusts - - 3.82% -
 
 Residential REITs - - - 2.42%
 
 Health Care REITs - - - 1.40%
 
 Real Estate Investment & Services - - 2.13% -
 
 Real Estate Holding and Development - - - 2.13%
 
 Alternative Trading Strategies 2.94% - - -
 
 Alternative Trading Strategies - 2.94% - -
 
 Alternative Trading Strategies - - 2.94% -
 
 Alternative Trading Strategies - - - 2.94%
 
 Technology 2.91% - - -
 
 Technology - 2.91% - -
 
 Software & Computer Services - - 2.26% -
 
 Software - - - 1.63%
 
 Consumer Digital Services - - - 0.63%
 
 Technology Hardware & Equipment - - 0.65% -
 
 Production Technology Equipment - - - 0.65%
 
 Utilities 1.60% - - -
 
 Utilities - 1.60% - -
 
 Electricity - - 1.22% -
 
 Conventional Electricity - - - 1.04%
 
 Alternative Electricity - - - 0.18%
 
 Gas, Water & Multi-utilities - - 0.38% -
 
 Water - - - 0.27%
 
 Multi-Utilities - - - 0.10%
 
 Health Care 1.50% - - -
 
 Health Care - 1.50% - -
 
 Medical Equipment & Services - - 0.89% -
 
 Medical Equipment - - - 0.89%
 
 Pharmaceuticals & Biotechnology - - 0.60% -
 
 Pharmaceuticals - - - 0.60%
 
 Commodities 1.46% - - -
 
 Commodities - 1.46% - -
 
 Commodities - - 1.46% -
 
 Commodities - - - 1.46%
 
 Consumer Discretionary 1.22% - - -
 
 Consumer Products & Services - 0.53% - -
 
 Personal Goods - - 0.53% -
 
 Clothing & Accessories - - - 0.53%
 
 Retail - 0.36% - -
 
 Retailers - - 0.36% -
 
 Home Improvement Retailers - - - 0.26%
 
 Diversified Retailers - - - 0.10%
 
 Automobiles & Parts - 0.33% - -
 
 Automobiles & Parts - - 0.33% -
 
 Automobiles - - - 0.33%
 
 Industrials 1.07% - - -
 
 Industrial Goods & Services - 1.00% - -
 
 Industrial Support Services - - 0.60% -
 
 Transaction Processing Services - - - 0.60%
 
 Industrial Transportation - - 0.20% -
 
 Transportation Services - - - 0.10%
 
 Railroads - - - 0.10%
 
 Industrial Engineering - - 0.20% -
 
 Machinery: Industrial - - - 0.20%
 
 Construction & Materials - 0.07% - -
 
 Construction & Materials - - 0.07% -
 
 Construction - - - 0.07%
 
 Telecommunications 0.24% - - -
 
 Telecommunications - 0.24% - -
 
 Telecommunications Equipment - - 0.18% -
 
 Telecommunications Equipment - - - 0.18%
 
 Telecommunications Service Providers - - 0.06% -
 
 Telecommunications Services - - - 0.06%
 
 Energy 0.10% - - -
 
 Energy - 0.10% - -
 
 Non-Renewable Energy - - 0.10% -
 
 Pipelines - - - 0.10%
 
 Cash and Equivalents -6.40% - - -

Regional Allocation

pie chart
  Non-Classified 85.11%
  UK 6.40%
  North America 6.12%
  Property 3.82%
  Developed Europe - Excl UK 3.51%
  Commodities 1.46%
  Cash and Equivalents -6.40%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 97.63%
  Unrecognised 4.09%
  Pound Sterling 3.68%
  US Dollar 1.01%
  Cash -6.42%

Regional Breakdown

Expand allCollapse all
Region Country
 
 Non-Classified 85.11% -
 
 UK 6.40% -
 
 United Kingdom - 6.40%
 
 North America 6.12% -
 
 United States - 6.12%
 
 Property 3.82% -
 
 Developed Europe - Excl UK 3.51% -
 
 Netherlands - 0.98%
 
 Denmark - 0.79%
 
 France - 0.71%
 
 Italy - 0.36%
 
 Germany - 0.36%
 
 Luxembourg - 0.18%
 
 Spain - 0.09%
 
 Belgium - 0.04%
 
 Commodities 1.46% -
 
 Cash and Equivalents -6.40% -

Property Regions

pie chart
  Bellway 2.90%
  Meggitt 2.20%
  Legal & General 2.10%
  Visa 1.40%
  BP 1.40%
  CRH 1.30%
  Other 4.80%

Asset Allocation

pie chart
  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
 
 
3.77%
Large
 
 
1.78%
Medium
 
 
7.51%
Small
 
 
4.28%
Non-Classified
 
 
80.27%
Bonds
 
 
8.78%
Cash
 
-6.40%

Top 10 Holdings

Stock % Weight Sector Country
1 Forward FX GBP 17.18% Non-Classified Non-Classified
2 Forward FX GBP 8.48% Non-Classified Non-Classified
3 MERRILL LYNCH INTERNATIONAL & CO CV 0% 18/06/2025 USD 6.18% Non-Classified Non-Classified
4 Muzinich Muzinich Global Short Duration Investment Grade Fund Class F Hedged 4.09% Bonds Non-Classified
5 EURO-BUND FUTURE Sep24 3.75% Non-Classified Non-Classified
6 4¼% Treasury Stock 2032 3.68% Bonds United Kingdom
7 EMPIRIC STUDENT PROPERTY 2.42% Real Estate Investment Trusts Direct Property and REITs
8 Tritax Eurobox Plc Tritax Eurobox Plc Ord 2.13% Real Estate Investment & Services United Kingdom
9 ASSURA 1.40% Real Estate Investment Trusts Direct Property and REITs
10 UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 15Jan31 USD I/L 1.01% Bonds United States

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 2.91% - - - - - - 2.91%
Telecommunications - 0.24% - - - - - - 0.24%
Financials - 0.65% - - - - 25.98% - 26.63%
Real Estate 2.13% - - - - 3.82% - - 5.95%
Consumer Discretionary - 1.22% - - - - - - 1.22%
Energy - 0.10% - - - - - - 0.10%
Utilities 0.38% 1.22% - - - - - - 1.60%
Health Care - 1.50% - - - - - - 1.50%
Industrials 0.20% 0.87% - - - - - - 1.07%
Cash and Equivalents - - - - - - - -6.40% -6.40%
Bonds - - - 5.10% 3.68% - - - 8.78%
Non-Classified - - - - - - 56.39% - 56.39%

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 Crown Rating of 3

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
Email 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.