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For financial professionals in the UK

Core 3 Income Fund

An actively managed, risk-targeted, income-seeking fund that expertly mixes assets from the global market spectrum, aiming to diversify sources of income and returns.

ISIN
GB00B8289886

NAV
GBP 139.50p
As of 20/11/2024

1-Day Change
GBP 0.10p (0.07%)
 As of 20/11/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a sustainably high income return whilst maintaining a moderately low level of volatility (variation of returns) over the medium to long term (5 years or more). Maintaining the volatility of the Fund within defined limits, while not guaranteed, is prioritised over the generation of income.

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The Fund invests in Collective Investment Schemes (other funds including those managed by Janus Henderson and Exchange Traded Funds) to provide diversified global exposure to a range of assets including bonds issued by companies and governments, company shares (equities), and to a lesser extent, alternative assets such as property and commodities. The Fund may invest directly in other assets including shares (equities), bonds, cash and money market instruments. The Investment Manager may use derivatives (complex financial instruments) 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 Distribution Technology (an independent risk rating body) risk profile level '3' as referenced in the Fund's name, as this relates to the target risk profile of the Fund. The Investment Manager has a high degree of freedom to choose individual investments for the Fund.

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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

  • The Multi-Asset Core Income range aims to remain within pre-set risk parameters as measured by Distribution Technology (an independent risk-profiling firm).
  • Aims to offer clients a cost-considered, multi-asset strategy with a risk profile of 3. Distribution Technology profiles funds on a scale of 1-10 and takes into consideration risk targets and other factors as well as past data.
  • The fund aims to provide an attractive and competitive level of regular income on a monthly basis.
Past performance does not predict future returns. 
 

RATINGS AND AWARDS

Portfolio Management

Tihana Ibrahimpasic, CFA
Tihana Ibrahimpasic, CFA

Portfolio Manager

Industry since 2011. Joined Firm in 2018.

James de Bunsen, CFA
James de Bunsen, CFA

Portfolio Manager

Industry since 2005. Joined Firm in 2013.

Eduardo Jimenez Martin, CFA, FRM
Eduardo Jimenez Martin, CFA, FRM

Portfolio Manager

Industry since 2017. Joined Firm in 2024.

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
I Acc (Net)
 
As of 30/09/2024 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
I Acc (Net) 11.50 0.79 -11.08 5.86 0.37
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 31/10/2024
I Acc (Net)
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
24/09/2012
I Acc (Net) -1.75 2.79 11.29 -0.68 0.85 2.27 2.82
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).
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
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
I Acc (Net)
2023 2022 2021 2020 2019
I Acc (Net) 4.37 -10.06 4.01 2.57 9.32
Calendar Year Returns (%)
Year I Acc (Net) Index
2023 4.37 0.00
2022 -10.06 0.00
2021 4.01 0.00
2020 2.57 0.00
2019 9.32 0.00
2018 -2.96 0.00
2017 4.74 0.00
2016 8.51 0.00
2015 0.00 0.00
2014 4.64 0.00
2013 6.00 0.00
2012 from 24/09/2012 1.70 0.00
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.
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
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.
Fee Information
Initial Charge 0.00%
Annual Charge 0.50%
Ongoing Charge
(As of 31/07/2024) 		0.64%
The ongoing charge figure is an estimate of the expected future charges.
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

Portfolio

Top Holdings (As of 31/10/2024)
% of Fund
United States Treasury Note 6.125% 2029 7.47
United States Treasury Note 5.375% 2031 6.52
United Kingdom Gilt 4.25% 2039 6.31
Janus Henderson Multi-Sector Income Fund I4m USD 6.01
United Kingdom Gilt 5.00% 2025 5.72
Janus Henderson Global Investment Grade Bond Fund I1m USD 5.55
United Kingdom Gilt 4.50% 2034 4.74
Janus Henderson Horizon Emerging Markets Debt Hard Currency Fund Z3m HGBP 3.80
Axa Fixed Interest Investment Icvc -Axa Global Strategic Bond Fund S GBP 3.79
Janus Henderson Horizon Global High Yield Bond Fund Z3q HGBP 3.69

Documents

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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.
  • The Fund invests in other funds (including exchange-traded funds and investment trusts/companies). This may introduce more risky assets, derivative usage and other risks associated with the underlying funds, as well as contributing to a higher level of ongoing charges.
  • 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.
  • If the Fund holds assets in currencies other than the base currency of the Fund, or you invest in a share/unit class of a different currency to the Fund (unless hedged, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • 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 aims to stay within predetermined volatility parameters over a rolling period of at least 5 years. However, the Fund may move outside these parameters if considered beneficial to investment performance or with the aim of preserving capital. Managing volatility will be prioritised over income generation.
  • Some or all of the ongoing charges may be taken from capital, which may erode capital or reduce potential for capital growth.
  • 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.
  • 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

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