On 25 January we wrote to investors providing advance notice of a change of benchmark for the Janus Henderson Global Equity Income Fund (the “Fund”).
The benchmark was quoted as being on a net return basis. We would like to clarify that, in line with the standard policy for our UK funds, the benchmark will in fact be calculated on a gross return basis. Returns calculated on a gross return basis assume no tax is charged on any dividends received and will therefore be higher than net returns. As such the gross return benchmark will constitute a higher performance comparator for the Fund than a net return benchmark.
Following approval from the FCA, on 31 March 2022 we will be changing the current investment objective from:
The Fund aims to provide an income in excess of the income generated by the MSCI World Index over a 1 year period with the potential for capital growth over the long term (5 years or more).
to:
The Fund aims to provide an income in excess of 80% of the income generated by the MSCI ACWI High Dividend Yield Index over any 3 year period with the potential for capital growth over the long term (5 years or more).
The investment process, the way the Fund is managed and the risk profile of the Fund will not be altered by adopting the gross return rather than net return version of the benchmark.
If you have any queries about the Janus Henderson Global Equity Income Fund or require any further information, please call our Client Services Team on 0800 832 832 (or +44 1268 443 914 if you are calling from overseas) between 9am and 5.30pm Monday to Friday.