Janus Henderson European Smaller Companies A

Holds equities from the bottom 25% of European companies by market cap.

  • 2594.00p
    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.

  • -
    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?

  • 5.00% 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!

  • 1.50%
    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).

  • 1.72%
    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.

  • 0.50%
    Yield

    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 13 August 2020, fund data last updated 05 September 2017

The fund's objective is to provide capital growth by investing primarily in European smaller companies, excluding the United Kingdom.

Fund summary

Sector European Smaller Companies
Structure OEIC
Launched January, 1985
Size £184m
Yield 0.50%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.72%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.24%
  • 16/17 1.22%
  • 17/18 0.52%
  • 18/19 0.11%
  • 19/20 0.33%

Bestinvest MRI

  • 3 years 0.32%
  • 5 years 0.48%
  • Career 0.23%
  • 3 years 89.80%
  • 5 years 99.40%
  • Career 93.60%

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

Ollie Beckett

Beckett is portfolio manager of European equities at Janus Henderson, responsible for the European Small Cap and International Small Cap Equity strategies. He first joined Henderson Global Investors (AMP Asset Management) in 1998 as an assistant portfolio manager for European Equities before becoming fund manager in 1999. In 2003, he took on the responsibility of managing Global Technology Equities before joining Anglo-Suisse Capital for one year. Beckett returned to Henderson Global Investors in 2005. He holds a BA in economics and government from the University of Manchester and is a member of the Institute of Investment Managers and Research.

Track record

Ollie Beckett has 9.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.23%. During the worst period of relative performance (from July 2007 - November 2008) there was a decline of 33% relative to the index. The worst absolute loss has been 65%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 94%.

Periods of worst performance

Absolute -65.00% (July 2007 - November 2008)
Relative -33.00% (July 2007 - November 2008)

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.

Allocation

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Top 10 holdings

Data accurate as at 31 January 2020

2.4% Ahlstrom- Munksjo Oyj
2% Zur Rose Group
1.9% Bygghemma Group First Ab
1.9% Stillfront Group Ab
1.9% Swissquote Group Hldg
1.7% Barco(New)
1.7% Cewe Stiftung & Co Kgaa
1.7% Finecobank Spa
1.7% Intertrust Nv
1.7% Karnov Group Ab (Publ)
Source: Trustnet

Sector breakdown

Industrials 21.00%
Consumer Services 17.00%
Financials 16.00%
Consumer Goods 13.00%
Technology 11.00%
Health Care 11.00%
Basic Materials 6.00%
Money Market 3.00%
Oil & Gas 3.00%

Key Investor Information

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