Please ensure Javascript is enabled for purposes of website accessibility Multi-Asset Absolute Return Fund - Janus Henderson Investors - UK private investors
{{banner.link_text}}
For individual investors in the UK

Multi-Asset Absolute Return Fund

ISIN
GB00BJ0LG304

NAV
GBP 177.30p
As of 23/12/2024

1-Day Change
GBP -0.20p (-0.11%)
 As of 23/12/2024

Morningstar Rating

As of 30/11/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a positive (absolute) return, regardless of market conditions, over any 12 month period. A positive return is not guaranteed over this or any other time period, and particularly over the shorter term the Fund may experience periods of negative returns. Consequently your capital is at risk. Performance target: To outperform the UK Base Interest Rate, after the deduction of charges, over any 3 year period.

More

The Fund invests in a range of asset classes including company shares (also known as equities), bonds and collective investment schemes (other funds including those managed by Janus Henderson) and Exchange Traded Funds. The underlying investments of the collective investment schemes may include shares (equities) of companies, bonds issued by companies and governments, and alternative assets such as property, infrastructure, commodities, private equity and hedge fund type strategies. The Fund may also invest in other transferable securities, cash and money market instruments and derivatives. 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 UK Base Interest Rate 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.

Less

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.

Investment into the fund will acquire units / shares of the fund itself and not the underlying assets owned by the fund.

RATINGS AND AWARDS

©2023 FE fundinfo. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE fundinfo, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE fundinfo, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate. FE fundinfo shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE fundinfo does not guarantee that a fund will perform in line with its FE Investments Approved Rating as it is a reflection of past performance only. Likewise, the FE Investments Approved Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.

Portfolio Management

James de Bunsen, CFA
James de Bunsen, CFA

Portfolio Manager

Industry since 2005. Joined Firm in 2013.

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
E Acc (Net) Bank of England Base Rate
 
As of 30/09/2024 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
E Acc (Net) 10.86 1.94 2.11 8.00 1.47
Bank of England Base Rate 5.44 4.21 0.80 0.10 0.40

Index Description

The UK Base Interest Rate is the interest rate set by the Bank of England. It is the performance target of the Fund.

The E Acc share class was launched on 07/08/2019. Performance prior to that date is past performance based on the A Acc share class of the same fund which has a different current ongoing charge included of 1.64.
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.
Cumulative & Annualised Performance (%)
As of 30/11/2024
E Acc (Net) Bank of England Base Rate
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
01/10/2004
E Acc (Net) 0.78 4.40 7.64 4.32 4.73 2.98 2.97
Bank of England Base Rate 0.40 4.90 5.38 3.74 2.31 1.40 1.88

Index Description

The UK Base Interest Rate is the interest rate set by the Bank of England. It is the performance target of the Fund.

The E Acc share class was launched on 08/07/2019. Performance prior to that date is past performance based on the A Acc share class of the same fund which has a different current ongoing charge included of 1.64.
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
E Acc (Net) Bank of England Base Rate
2023 2022 2021 2020 2019
E Acc (Net) 6.21 0.56 7.87 3.59 3.21
Bank of England Base Rate 4.86 1.49 0.11 0.23 0.75

Index Description

The UK Base Interest Rate is the interest rate set by the Bank of England. It is the performance target of the Fund.

The E Acc share class was launched on 08/07/2019. Performance prior to that date is past performance based on the A Acc share class of the same fund which has a different current ongoing charge included of 1.64.
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.

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 costs6,490 GBP6,750 GBP
Average return each year-35.15%-7.55%
UnfavourableWhat you might get back after costs8,940 GBP9,150 GBP
Average return each year-10.62%-1.76%
ModerateWhat you might get back after costs9,660 GBP10,770 GBP
Average return each year-3.37%1.50%
FavourableWhat you might get back after costs10,680 GBP11,700 GBP
Average return each year6.80%3.19%
There is currently insufficient data to provide a useful indication of past performance to investors.
Fee Information
Initial Charge 5.00%
Annual Charge 0.625%
Ongoing Charge
(As of 31/03/2024) 		1.14%
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 30/11/2024)
% of Fund
Merrill Lynch International & Co CV 6.97
Coremont Investment Fund - Brevan Howard Absolute Return Government Bond Fund A1 6.64
Prosper Funds Sicav - Global Macro Fund I EUR Acc 6.27
Blackrock Global Unconstrained Equity Fund Uk Z GBP Acc 5.80
Bh Macro Ltd 5.67
Securis Catastrophe Bond Fund A USD 5.33
Qsm Global Equity Long/Short Fund F GBP Hedged 5.11
Trium Ucits Platform Plc-Trium Alternative Growth Fund F GBP Acc 4.70
United Kingdom Gilt 4.25% 2032 4.32
Muzinich Global Short Duration Investment Grade Fund Founder Hedged GBP Acc 4.22

Documents

Related Insight

Interest rates set the music for publicly listed alternatives in 2024
18 Dec 2023
Timely & Topical

Interest rates set the music for publicly listed alternatives in 2024

Could interest rates change the tune for publicly listed alternatives to follow in 2024?

10 min read

  • ​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.
  • 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.
  • 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, you may wish to consult a financial adviser.
  • If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.
  • Some documents are available in alternative formats. Click here for information on how to request them.
  • The Legal Entity Identifier for this product is 2138008BILVV8NPBZ465.

Choose region

Country

Language

What type of investor are you?