Janus Henderson Institutional North American Enhanced Equity A

Investing in North American companies of any size.

  • 1688.66p Price (Inc)
  • - Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.70% Ongoing charges
  • 1.10% Yield

Prices as at 06 December 2019, fund data last updated 21 August 2003

The aim of the fund is to provide consistent capital growth relative to the FTSE World North America Index by investing primarily in North American companies. There are no restrictions on the size of the companies in which the Fund may invest. The Fund aims to provide an annual return above that of the FTSE World North America Index, whilst controlling risk. Funds listed on other exchanges which are associated with the FTSE World North American Index listed shares can be invested in.

Fund summary

Sector North America
Structure OEIC
Launched February, 2006
Size £484m
Yield 1.10%
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 1.70%

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Investment process

The Fund aims to provide consistent capital growth relative to the FTSE World North America Index (or such other index as may from time to time replace it) through investing primarily in North American companies. There are no restrictions on the size of the companies in which the Fund may invest. The Fund aims to provide an annual return above that of the FTSE World North America Index, whilst controlling risk.

Manager research

Average monthly relative returns

  • 14/15 -0.44%
  • 15/16 0.09%
  • 16/17 -0.01%
  • 17/18 -0.09%
  • 18/19 -0.05%

Bestinvest MRI

  • 3 years -0.05%
  • 5 years -0.10%
  • Career -0.12%
  • 3 years 54.40%
  • 5 years 43.30%
  • Career 37.10%

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

David Elms

Elms heads up Henderson’s Multi-Strategy Equities team, responsible for both market-neutral and risk-controlled active portfolios. Prior to joining Henderson in 2002, he spent a total of eight years at Portfolio Partners, initially based in Melbourne, where he was the founding partner responsible for Australian risk-controlled active equities, equity derivatives and high-yield fixed income. Ge was then seconded to Aviva in London following Norwich Union’s acquisition of Portfolio Partners. Previous to Portfolio Partners, he held the position of Associate Director at County NatWest Investment Management, Melbourne, where he stayed for three years. Here he was responsible for equities and equity derivative trading as well as quantitative research. Elms holds an Honours degree in Commerce from the University of Melbourne, Australia.

Track record

David Elms has 7.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.12%. During the worst period of relative performance (from May 2012 - January 2016) there was a decline of 11% relative to the index. The worst absolute loss has been 13%.

Periods of worst performance

Absolute -13.00% (September 2018 - December 2018)
Relative -11.00% (May 2012 - January 2016)

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

3.8% Microsoft Corp
3.5% Apple Inc
2.7% Amazon.com Inc
2.6% Alphabet Inc
1.6% Facebook Inc
1.5% Berkshire Hathaway Inc
1.3% Jpmorgan Chase & Co
1.2% Johnson & Johnson
1.1% Procter & Gamble Co
1.1% Visa Inc
Source: Trustnet

Sector breakdown

Technology 21.00%
Financials 19.00%
Consumer Services 14.00%
Industrials 12.00%
Health Care 12.00%
Consumer Goods 8.00%
Oil & Gas 5.00%
Others 3.00%
Utilities 3.00%
Basic Materials 2.00%

Key Investor Information

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