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

Strategic Bond Fund

A world bond strategy seeking the best opportunities throughout the economic cycle.

ISIN
GB0007533820

NAV
GBP 338.70p
As of 20/12/2024

1-Day Change
GBP -1.90p (-0.56%)
 As of 20/12/2024

Morningstar Medalist Rating ™

Silver Morningstar Analyst Rating
As of 25/10/2024

Overview

Quarterly Update

Watch the investment team recap this quarter.

(Note: Filmed in October 2024).

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of income and capital growth over the long term. Performance target: To outperform the IA Sterling Strategic Bond sector average, after the deduction of charges, over any 5 year period.

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The Fund invests in a global portfolio of bonds of any quality, including high yield (non-investment grade) bonds, issued by governments or companies. Where investments are made in assets in currencies other than the base currency of the Fund, the Fund will seek to hedge those assets back to the base currency to remove the risk of currency exchange rate movements. The Fund may also hold other assets including bonds of other types from any issuer, preference shares, cash and money market instruments. In certain market conditions, the Fund may invest more than 35% of its assets in government bonds issued by any one body. 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 the IA Sterling Strategic Bond sector average, which is based on a peer group of broadly similar funds, as this forms the basis of the Fund's performance target. The Investment Manager has complete freedom to choose individual investments for the Fund and to vary allocations between different types of bonds.

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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

  • Seeks to provide returns through a combination of income and capital growth.
  • Actively managed, the portfolio can be adapted quickly to suit the prevailing market environment.
  • Aims to keep risk and liquidity at a desired level consistent with the fund's risk profile.
Past performance does not predict future returns. 
 

Portfolio Management

Jenna Barnard, CFA
Jenna Barnard, CFA

Co-Head of Global Bonds | Portfolio Manager

Industry since 2001. Joined Firm in 2002.

John Pattullo, ASIP
John Pattullo, ASIP

Co-Head of Global Bonds | Portfolio Manager

Industry since 1993. Joined Firm in 1997.

Nicholas Ware
Nicholas Ware

Portfolio Manager

Industry since 1998. Joined Firm in 2009.

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) IA £ Strategic Bond
 
As of 30/09/2024 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
I Acc (Net) 12.23 -3.56 -19.13 4.58 5.73
IA £ Strategic Bond 12.38 5.21 -15.34 4.97 3.07

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) forms the basis of the Fund's performance target and can be a useful performance comparison against other funds with similar aims.

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.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
Performance since inception represents the implementation of the current investment mandate, which changed after the launch of the share class.
Cumulative & Annualised Performance (%)
As of 30/11/2024
I Acc (Net) IA £ Strategic Bond
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
25/11/2003
I Acc (Net) 1.65 0.88 6.07 -4.37 -0.89 1.63 4.30
IA £ Strategic Bond 1.05 5.14 9.01 0.15 1.54 2.54 3.78

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) forms the basis of the Fund's performance target and can be a useful performance comparison against other funds with similar aims.

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.
Performance since inception represents the implementation of the current investment mandate, which changed after the launch of the share class.
Calendar Year Returns (%)
As of 30/09/2024
I Acc (Net) IA £ Strategic Bond
2023 2022 2021 2020 2019
I Acc (Net) 4.40 -17.55 0.08 10.33 9.58
IA £ Strategic Bond 8.00 -11.70 0.93 6.08 9.23

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) forms the basis of the Fund's performance target and can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
Year I Acc (Net) Index
2023 4.40 0.00
2022 -17.55 0.00
2021 0.08 0.00
2020 10.33 0.00
2019 9.58 0.00
2018 -1.35 0.00
2017 6.03 0.00
2016 4.43 0.00
2015 2.28 0.00
2014 6.77 0.00
2013 4.61 0.00
2012 18.55 0.00
2011 -1.47 0.00
2010 5.39 0.00
2009 32.63 0.00
2008 -12.84 0.00
2007 0.93 0.00
2006 5.24 0.00
2005 8.56 0.00
2004 10.49 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.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
Performance since inception represents the implementation of the current investment mandate, which changed after the launch of the share class.

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 costs6,860 GBP6,620 GBP
Average return each year-31.41%-7.92%
UnfavourableWhat you might get back after costs8,090 GBP8,100 GBP
Average return each year-19.13%-4.13%
ModerateWhat you might get back after costs10,370 GBP12,070 GBP
Average return each year3.70%3.83%
FavourableWhat you might get back after costs11,200 GBP13,220 GBP
Average return each year11.96%5.75%
There is currently insufficient data to provide a useful indication of past performance to investors.
Fee Information
Initial Charge 0.00%
Annual Charge 0.60%
Ongoing Charge
(As of 30/06/2024) 		0.70%
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 30/11/2024)
% of Fund
Canadian Government Bond 3.00% 2034 2.72
Bundesrepublik Deutschland Bundesanleihe 2050 2.26
Fannie Mae Pool 5.50% 2054 1.81
Fannie Mae Pool 5.00% 2053 1.81
Australia Government Bond 2.75% 2041 1.70
Sweden Government Bond 0.125% 2031 1.68
New Zealand Government Bond 1.50% 2031 1.66
Canadian Government Bond 2.00% 2051 1.55
Netflix 3.625% 2030 1.28
Australia Government Bond 1.75% 2051 1.22
References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.

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 high yield (non-investment grade) bonds and while these generally offer higher rates of interest than investment grade bonds, they are more speculative and more sensitive to adverse changes in market conditions.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • 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.
  • Some or all of the ongoing charges may be taken from capital, which may erode capital or reduce potential for capital growth.
  • CoCos can fall sharply in value if the financial strength of an issuer weakens and a predetermined trigger event causes the bonds to be converted into shares/units of the issuer or to be partly or wholly written off.
  • 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.
  • When interest rates rise (or fall), the prices of different bonds will be affected differently. In particular, bond prices generally fall when interest rates rise or are expected to rise. This is especially true for bonds with a higher sensitivity to interest rate changes. A material portion of the fund may be invested in such bonds (or bond derivatives), so rising interest rates may have a negative impact on fund returns.
  • 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 213800BDR6RVE3HQ7S77.

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