Janus Henderson Institutional North American Enhanced Equity A

Investing in North American companies of any size.

  • 1852.13p
    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).

  • 1.70%
    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.

  • 1.10%
    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 22 September 2020, 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 £0m
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%

Allocation

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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

  • 15/16 -0.15%
  • 16/17 -0.08%
  • 17/18 -0.04%
  • 18/19 -0.04%
  • 19/20 0.07%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years -0.05%
  • Career -0.09%
  • 3 years 65.20%
  • 5 years 54.40%
  • Career 42.90%

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 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 -0.09%. 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 15%.

Periods of worst performance

Absolute -15.00% (January 2020 - March 2020)
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 July 2020

5.8% Apple Inc
5.1% Microsoft Corp
4.4% Amazon.com Inc
3% Alphabet Inc
2% Facebook Inc
1.3% Johnson & Johnson
1.3% Berkshire Hathaway Inc
1.1% Procter & Gamble Co
1.1% Visa Inc
1% Jpmorgan Chase & Co
Source: Trustnet

Sector breakdown

Technology 27.00%
Financials 16.00%
Consumer Services 14.00%
Health Care 12.00%
Industrials 11.00%
Consumer Goods 8.00%
Utilities 3.00%
Oil & Gas 3.00%
Basic Materials 2.00%
Others 2.00%

Key Investor Information

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