Janus Henderson Institutional Overseas Bond A

  • 194.40p
    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?

  • 4.00% 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!

  • 1.00%
    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).

  • 1.16%
    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 December 2019

Fund summary

Sector Global Bonds
Structure OEIC
Launched October, 2000
Size £227m
Yield 0.50%
Charging basis Income
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.16%

Allocation

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Investment process

To aim to provide a return by investing in fixed and floating rate securities in any area of the world, except the United Kingdom. The Fund will invest primarily in bonds issued by Governments, public authorities and International organisations.

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.08%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Kevin Adams

Adams is Director of Fixed Income, Head of the Global Government Bond Team and a member of the Fixed Income Asset Allocation and Strategy Group. He joined AMP Asset Management in 1996 and spent five years managing predominantly gilt portfolios. He left Henderson in 2001, moving to Credit Suisse Asset Management, and rejoined in August 2003 to take on his current role. He has more than 20 years experience managing fixed income portfolios, both UK and International. He has a BSc in Economics with Accountancy from Loughborough University (1983) and is an Associate Member of the Society of Investment Professional (ASIP).

Track record

The track record of Kevin Adams in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -2.00% (November 2001 - December 2001)
Relative -3.00% (May 2002 - October 2002)

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 July 2019

7.5983% Mexico(United Mexican States) 8% Bds 07/12/2023 Mxn`M20`
6.929% Sweden(Kingdom Of) 2.5% Bds 12/05/25 Sek5000
5.4131% Japan(Government Of) 1% Bds 20/03/22 Jpy1000
4.9531% United States Treasury Note/Bond 2.875% 31/10/2023 Usd
3.8558% Portugal Government 5.65% 15/02/2024 Eur Regs 144a
3.8431% Italy(Republic Of) 0.95% Bds 15/03/23 Eur1000
3.3455% New Zealand(Government Of) 3% Bds 20/04/29 Nzd1000
3.3006% Japan Government 0.8% 20/03/2058 Jpy
2.8599% Italy(Republic Of) 0.45% Bds 01/06/21 Eur1000
2.8532% Italy(Republic Of) 0% Bds 27/11/20 Eur1000
Source: Trustnet

Sector breakdown

BBB 32.00%
AAA 31.00%
A 23.00%
Others 13.00%
AA 7.00%
Non-Rated 2.00%

Key Investor Information

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