Janus Henderson Asian Dividend Income I

Asian income fund with a flexible approach to yield generation.

  • 116.30p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 226.90p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.89%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 7.10%

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 18 June 2021, fund data last updated 09 March 2011

This fund is invested in Asia Pacific equities with an emphasis on income generation. The manager has a flexible approach that allows him to move between high yield and dividend growth stocks depending on the position in the market cycle. The fund also makes limited use of derivatives to enhance returns and positions are roughly equally weighted, which can result in significant divergence from the benchmark performance.

Fund summary

Sector Asia Pacific Excluding Japan
Structure UNIT TRUST
Launched February, 2010
Size £0m
Yield 7.10%
Charging basis Capital
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.89%


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Investment process

An income focused fund providing exposure to Asian equities that is managed with a "total return" mindset. While focusing on income, the fund manager also looks to participate in capital growth. The fund's target yield is 1% above the market. The fund manager selects good quality Asian companies that are either high yielding or are able to grow their dividends over time. The manager chooses his stocks on the basis of valuations and is aware at all times what the companies he is holding are worth. The fund can also make use of derivatives to enhance returns.

Manager research

Average monthly relative returns

  • 16/17 -0.38%
  • 17/18 -0.13%
  • 18/19 0.17%
  • 19/20 -0.19%
  • 20/21 -1.37%

Bestinvest MRI

  • 3 years -0.46%
  • 5 years -0.38%
  • Career -0.14%
  • 3 years 10.90%
  • 5 years 7.50%
  • Career 36.30%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Mike Kerley

Kerley began his career in fund management at Invesco Asset Management in 1985 after studying Investment Management at London Business School. He became a Fund Manager for Global Equities in 1994 before moving to ISIS Asset Management Limited in 2003 and joining Henderson Global Investors as a Pacific Equities Fund Manager in 2004. He has a value driven investment style.

Track record

Mike Kerley has 14.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.14%. During the worst period of relative performance (from February 2009 - January 2021) there was a decline of 34% relative to the index. The worst absolute loss has been 37%.

Periods of worst performance

Absolute -37.00% (October 2007 - October 2008)
Relative -34.00% (February 2009 - January 2021)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.


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Top 10 holdings

Data accurate as at 31 July 2020

4.7% Taiwan Semiconductor Manufacturing
4.4% Samsung Electronics Co
3.3% Taiwan Cement Corp
3.1% Macquarie Korea Infrastructure Fund Npv
3% Rio Tinto
2.9% Hkt Trust And Hkt Ltd Share Stapled Unit
2.8% Mapletree Industrial Trust Uts
2.8% Powertech Technology Inc
2.7% Fortescue Metals Group
2.7% Citic Securities Co
Source: Trustnet

Sector breakdown

Financials 21.00%
Communications 18.00%
Information Technology 17.00%
Materials 14.00%
Real Estate 11.00%
Consumer Staples 5.00%
Money Market 4.00%
Utilities 4.00%
Consumer Discretionary 3.00%
Industrials 2.00%


Portfolio has approximately 50 stocks. Stocks are equally weighted at around 2%


- Usually a maximum of 7% may be invested in the derivative overlay.

Key Investor Information - Income


Key Investor Information - Accumulation