Please ensure Javascript is enabled for purposes of website accessibility Asset-Backed Securities Fund - Janus Henderson Investors - UK financial professionals
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For financial professionals in the UK

Asset-Backed Securities Fund

A high quality, conservatively managed fixed income solution aiming to provide downside resilience over cycles

ISIN
GB00BLKQL906

NAV
GBP 115.96p
As of 20/12/2024

1-Day Change
GBP 0.00p (0.00%)
 As of 20/12/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return from a combination of income and some capital growth over the long term. Performance target: To outperform SONIA by 1.5% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least 70% of its assets in Asset-Backed Securities (ABS). The Fund also holds a minimum of 80% of its assets in investment grade securities (rated BBB- or higher by at least one independent credit rating agency) and maintains at least 60% of its investments in European assets. The Fund may also hold other assets including other types of bonds and floating rate notes of any quality, from any issuer, Collective Investment Schemes (including those managed by Janus Henderson), certificates of deposit, bank term deposits and other money market investments (including cash funds), covered bonds, US agency mortgage-backed securities (that will not be deemed to form part of the minimum 70% ABS investment), Real Estate Investment Trusts (REITs) and other secured finance investments. The Investment Manager may use derivatives (complex financial instruments), including total return swaps, with the aim of making investment gains in line with the Fund’s objective, to reduce risk or to manage the Fund more efficiently. The Fund is actively managed with reference to SONIA, as this forms the basis of the Fund’s performance target. The Investment Manager has complete discretion to choose investments for the Fund and is not constrained by a benchmark.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Strong bottom-up fundamental analysis aiming to identify opportunities offering secure income and downside resilience over cycles
  • Invests for the long-term while actively monitoring for early signs of potential adverse performance trends
  • The investment team’s broad experience in investing, originating, structuring and rating structured debt spans across multiple sectors and the entire ratings spectrum
Past performance does not predict future returns. 
 

Portfolio Management

Colin Fleury
Colin Fleury

Head of Secured Credit | Portfolio Manager

Industry since 1986. Joined Firm in 2007.

Ian Bettney
Ian Bettney

Portfolio Manager

Industry since 2000. Joined Firm in 2005.

Denis Struc
Denis Struc

Portfolio Manager

Industry since 2005. Joined Firm in 2010.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/09/2024
Y Acc (Net) SONIA
 
As of 30/09/2024 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
Y Acc (Net) 7.37 8.19 -3.39 1.81 -
SONIA 5.38 4.13 0.74 0.05 -

Index Description

N/A

Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
© Morningstar 2024. All rights reserved. NAV-NAV, net income reinvested where applicable.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Cumulative & Annualised Performance (%)
As of 30/11/2024
Y Acc (Net) SONIA
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
15/09/2020
Y Acc (Net) 0.53 6.90 7.55 4.25 - - 3.50
SONIA 0.40 4.85 5.32 3.68 - - 2.62

Index Description

N/A

Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
© Morningstar 2024. All rights reserved. NAV-NAV, net income reinvested where applicable.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Calendar Year Returns (%)
As of 30/09/2024
Y Acc (Net) SONIA
2023 2022 2021 Performance Inception
15/09/2020
Y Acc (Net) 7.09 -0.99 1.46 0.49
SONIA 4.78 1.43 0.06 0.02

Index Description

N/A

Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
© Morningstar 2024. All rights reserved. NAV-NAV, net income reinvested where applicable.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.

Recommended holding period 5 Years

Example Investment: GBP 10,000

Scenarios If you exit after 1 year If you exit after 5 years
MinimumThere is no minimum guaranteed return. You could lose some or all of your investment
StressWhat you might get back after costs8,450 GBP8,680 GBP
Average return each year-15.45%-2.79%
UnfavourableWhat you might get back after costs9,660 GBP9,990 GBP
Average return each year-3.39%-0.02%
ModerateWhat you might get back after costs10,040 GBP10,240 GBP
Average return each year0.44%0.47%
FavourableWhat you might get back after costs10,820 GBP10,900 GBP
Average return each year8.19%1.75%
There is currently insufficient data to provide a useful indication of past performance to investors.
Fee Information
Initial Charge 0.00%
Annual Charge 0.30%
Ongoing Charge
(As of 30/06/2024) 		0.36%
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
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  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital to the Fund. If this happens or the market perceives this may happen, the value of the bond will fall.
  • When interest rates rise (or fall), the prices of different securities will be affected differently. In particular, bond values generally fall when interest rates rise (or are expected to rise). This risk is typically greater the longer the maturity of a bond investment.
  • Some bonds (callable bonds) allow their issuers the right to repay capital early or to extend the maturity. Issuers may exercise these rights when favourable to them and as a result the value of the Fund may be impacted.
  • The Fund may use derivatives to help achieve its investment objective. This can result in leverage (higher levels of debt), which can magnify an investment outcome. Gains or losses to the Fund may therefore be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • When the Fund, or a share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency (hedge), the hedging strategy itself may positively or negatively impact the value of the Fund due to differences in short-term interest rates between the currencies.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • The Fund invests in Asset-Backed Securities (ABS) and other forms of securitised investments, which may be subject to greater credit / default, liquidity, interest rate and prepayment and extension risks, compared to other investments such as government or corporate issued bonds and this may negatively impact the realised return on investment in the securities.
  • Some documents are available in alternative formats. Click here for information on how to request them.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • The Legal Entity Identifier for this product is 21380068ECM8G3EFTG56.

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