Janus Henderson Global Equity Income A

Targets an above average income from equities worldwide.

  • 57.64p
    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.

  • 366.40p
    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?

  • 5.25% 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).

  • 1.73%
    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.

  • 3.50%
    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 18 September 2020, fund data last updated 24 April 2012

The fund's objective is to achieve an income in excess of that of the MSCI World Index with the potential for long-term capital growth by investing in equities worldwide. Originally a UK fund and part of the New Star stable, the fund was subsequently acquired by Henderson and was converted into a global mandate in 2012. As a result we are only able to display performance data since the conversion.

Fund summary

Sector Global Equity Income
Structure OEIC
Launched February, 2002
Size £0m
Yield 3.50%
Charging basis 33% Income 67% Capital
Dividends paid 31 Jul, 31 Oct, 31 Jan, 30 Apr

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.73%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.18%
  • 16/17 -0.24%
  • 17/18 -0.56%
  • 18/19 -0.38%
  • 19/20 -0.87%

Bestinvest MRI

  • 3 years -0.60%
  • 5 years -0.45%
  • Career -0.28%
  • 3 years 0.30%
  • 5 years 0.60%
  • Career 3.30%

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

Andrew Jones / Ben Lofthouse

Jones received a BA (Hons) in Economics from Cambridge University and holds the Securities Institute Diploma. He joined LGT Asset Management in 1995 as a trainee fund manager, moving to INVESCO on the acquisition of LGT in 1998. In 1999 he became a fund manager as a member of the UK Smaller Companies Team, running the INVESCO UK Institutional Smaller Companies Fund. He subsequently moved to the UK Retail team to work on Income Funds with specific responsibility for the INVESCO Exempt Fund. In October 2005 he left to join Henderson. Lofthouse joined Henderson in 2004 on their Value and Income team. He previously worked for PricewaterhouseCoopers from 1998-2004, firstly as an audit manager in banking and capital markets and later in business recovery services. Lofthouse graduated from Exeter University with a BA in Business Economics and is a CFA charterholder.

Track record

Andrew Jones / Ben Lofthouse has 8.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.28%. During the worst period of relative performance (from October 2013 - August 2020) there was a decline of 27% relative to the index. The worst absolute loss has been 17%.

Periods of worst performance

Absolute -17.00% (July 2019 - March 2020)
Relative -27.00% (October 2013 - August 2020)

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

4.7964% Microsoft Corp
2.9921% Taiwan Semiconductor Manufacturing
2.9456% Nestle Sa
2.6751% Cisco Systems Inc
2.6061% Novartis Ag
2.3566% Zurich Insurance Group Ltd
2.2294% Glaxosmithkline
2.2008% Sanofi
2.1371% Enel Spa
2.1362% Samsung Electronics Co
Source: Trustnet

Sector breakdown

Pharmaceuticals 16.00%
Insurance 10.00%
Utilities 6.00%
Foods 5.00%
Software 5.00%
Telecommunications Utilities 5.00%
Semi Conductors 4.00%
Property Shares 3.00%
Utilities 3.00%
Beverages 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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