Janus Henderson Asian Dividend Income R

Asian income fund with a flexible approach to yield generation.

  • 101.30p Price (Inc)
  • 180.80p Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.25% Annual management charge
  • 1.49% Ongoing charges
  • 6.60% Yield

Prices as at 09 December 2019, 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 May, 1994
Size £133m
Yield 6.60%
Charging basis Capital
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.49%

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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

  • 14/15 0.01%
  • 15/16 -0.05%
  • 16/17 -0.27%
  • 17/18 0.14%
  • 18/19 0.27%

Bestinvest MRI

  • 3 years 0.05%
  • 5 years 0.02%
  • Career -0.01%
  • 3 years 70.90%
  • 5 years 69.50%
  • Career 71.90%

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 13 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from February 2009 - May 2011) there was a decline of 21% relative to the index. The worst absolute loss has been 37%.

Periods of worst performance

Absolute -37.00% (October 2007 - October 2008)
Relative -21.00% (February 2009 - May 2011)

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 August 2019

3.2% Taiwan Semiconductor Manufacturing
3.1% Macquarie Korea Infrastructure Fund Gds Each Repr 1 Ord Npv`Reg S`
3% Digital Telecommunications Infst Fd
3% Treasury Wine Estates Ltd Npv
2.9% Hkt Trust And Hkt Ltd Share Stapled Unit
2.9% Mapletree Commerical Trust Units Reg S
2.8% Anta Sports Products
2.8% Kweichow Moutai
2.8% Telekomunikasi Indonesia(Persero)
2.7% Taiwan Cement Corp
Source: Trustnet

Sector breakdown

Communications 20.00%
Real Estate 18.00%
Financials 17.00%
Materials 11.00%
Information Technology 8.00%
Consumer Discretionary 6.00%
Energy 6.00%
Consumer Staples 6.00%
Utilities 4.00%
Industrials 4.00%

Portfolio

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

Constraints

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

Key Investor Information - Income

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Key Investor Information - Accumulation

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