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

Diversified Growth Fund

An actively managed multi-asset portfolio that aims to deliver returns comparable to global equities over the medium term, but with lower volatility

ISIN
GB00BJTD6V58

NAV
GBP 150.30p
As of 18/12/2024

1-Day Change
GBP -0.10p (-0.07%)
 As of 18/12/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of capital growth and income, with volatility lower than that of the MSCI ACWI Index, over the long term. Performance target: To outperform SONIA by 4% per annum, before the deduction of charges, over any 5 year period.

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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 shares (equities) of companies, bonds issued by companies and governments, and to a lesser extent, alternative assets such as property and commodities. The Fund may also invest 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 SONIA, as this forms the basis of the Fund's performance target. For currency hedged Share Classes, the rate that corresponds with the relevant Share Class currency is used as the basis of the performance comparison. The Investment Manager has complete discretion to choose 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 strategy aims to provide a low-volatility growth engine for client portfolios with a particular focus on capital preservation
  • Flexible approach gives investors exposure to a diverse array of potential return drivers
  • The team has a successful long-term track record of dynamic asset allocation, efficient portfolio construction, and cost-effective implementation
Past performance does not predict future returns. 
 

Portfolio Management

Oliver Blackbourn, CFA
Oliver Blackbourn, CFA

Portfolio Manager

Industry since 2009. Joined Firm in 2017.

Nick Harper, CFA
Nick Harper, CFA

Portfolio Manager  

Industry since 2010. Joined Firm in 2014.

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) SONIA
 
As of 30/09/2024 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
I Acc (Net) 10.12 2.46 -10.30 10.74 4.98
SONIA 5.38 4.13 0.74 0.05 0.57

Index Description

SONIA stands for Sterling Overnight Index Average. SONIA reflects the average of the interest rates that banks pay to borrow sterling overnight from other financial institutions. The Bank of England is the administrator for SONIA and they are responsible for its governance and publication every London business day. It is the basis for the performance target of the fund.

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.
From 19 April 2021, the share class benchmark changed. Past Performance before 19 April 2021 is shown for the previous share class benchmark.
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.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
Cumulative & Annualised Performance (%)
As of 30/11/2024
I Acc (Net) SONIA
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
06/04/2011
I Acc (Net) 1.54 4.98 8.36 0.35 3.37 3.85 3.65
SONIA 0.40 4.85 5.32 3.68 2.29 1.43 1.24
 
  Annualised
3YR 5YR 10YR Since Inception
06/04/2011
I Acc (Gross) - 4.20 4.71 4.73
SONIA + 4.00% - 6.38 5.49 5.28

Index Description

SONIA stands for Sterling Overnight Index Average. SONIA reflects the average of the interest rates that banks pay to borrow sterling overnight from other financial institutions. The Bank of England is the administrator for SONIA and they are responsible for its governance and publication every London business day. It is the basis for the performance target of the fund.

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.
From 19 April 2021, the share class benchmark changed. Past Performance before 19 April 2021 is shown for the previous share class benchmark.
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) SONIA
2023 2022 2021 2020 2019
I Acc (Net) 3.96 -8.61 6.66 9.69 11.40
SONIA 4.78 1.43 0.05 0.39 0.82

Index Description

SONIA stands for Sterling Overnight Index Average. SONIA reflects the average of the interest rates that banks pay to borrow sterling overnight from other financial institutions. The Bank of England is the administrator for SONIA and they are responsible for its governance and publication every London business day. It is the basis for the performance target of the fund.

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.
From 19 April 2021, the share class benchmark changed. Past Performance before 19 April 2021 is shown for the previous share class benchmark.
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.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.

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 costs6,920 GBP6,740 GBP
Average return each year-30.83%-7.58%
UnfavourableWhat you might get back after costs8,940 GBP9,200 GBP
Average return each year-10.61%-1.66%
ModerateWhat you might get back after costs10,440 GBP12,440 GBP
Average return each year4.38%4.47%
FavourableWhat you might get back after costs11,970 GBP13,830 GBP
Average return each year19.70%6.70%
There is currently insufficient data to provide a useful indication of past performance to investors.
Fee Information
Initial Charge 0.00%
Annual Charge 0.55%
Ongoing Charge
(As of 31/07/2024) 		0.72%
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 Kingdom Treasury Bill 2025 8.47
FTSE 100 Idx Fut Dec24 6.69
S&P500 Emini Fut Dec24 6.66
Long Gilt Future Dec24 5.99
Janus Henderson Horizon Global High Yield Bond Fund Z2 HGBP 5.22
US 5yr Note (CBT) Dec24 4.60
Janus Henderson Horizon Emerging Markets Debt Hard Currency Fund Z2 USD 4.44
Blackrock Ics Sterling Liquidity Fund GBP 3.62
Janus Henderson Emerging Markets Opportunities Fund Z Acc 3.47
Janus Henderson Global Investment Grade Bond Fund Z1 USD 3.42

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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.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • 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 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
  • The Legal Entity Identifier for this product is 213800LTMCNSTCTDBM34.

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