Janus Henderson Multi-Manager Distribution A

Fund of funds investing in both equities, (max. 60%) and bonds.

  • 132.20p
    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).

  • 2.38%
    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.

  • 3.00%
    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 26 November 2020

Fund of internal and external funds, investing in both equities and fixed interest securities mainly in the UK. The equity portion will not exceed 60% of the portfolio.

Fund summary

Sector Mixed Investment 20-60% Shares
Structure UNIT TRUST
Launched March, 2001
Size £63m
Yield 3.00%
Charging basis
Dividends paid 23 Jan, 23 Apr, 23 Jul, 23 Oct

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 2.38%

Allocation

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Investment process

A fund of funds with the objective to provide an income slightly in excess of the FTSE All-Share Index with the prospect of capital growth. It is able to invest in any sectors and trusts investing outside the UK. However, a core exposure to the UK will be maintained. Target yield will be 5.1%.

Manager research

Average monthly relative returns

  • 15/16 -0.45%
  • 16/17 -0.19%
  • 17/18 -0.32%
  • 18/19 -0.04%
  • 19/20 0.64%

Bestinvest MRI

  • 3 years 0.09%
  • 5 years -0.07%
  • Career -0.10%
  • 3 years 81.10%
  • 5 years 63.30%
  • Career 59.10%

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

Henderson Multi-Asset Team

Track record

Henderson Multi-Asset Team has 7.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.1%. During the worst period of relative performance (from March 2013 - July 2019) there was a decline of 17% relative to the index. The worst absolute loss has been 14%.

Periods of worst performance

Absolute -14.00% (December 2019 - March 2020)
Relative -17.00% (March 2013 - July 2019)

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 2020

8.5356% Mi Twentyfour Investment Funds Dynamic Bond I Inc Gbp
6.6564% Blackrock Continental European Income A Inc Gbp
6.3759% Trojan Investment Funds - Trojan Income Fund X Inc Inc Gbp
5.997% Ishares Usd Corporate Bond
5.7551% Axa Us Short Duration High Yield Si Gross Inc Gbp
4.5257% Ishares Physical Gold Etc Etf Usd
4.4493% Janus Henderson Global Investment Grade Bond Fund Z1 Usd
4.0279% Pimco Gis Income I Inc Usd
3.824% Artemis Income (Inc Gbp)
3.7355% Vanguard S&P 500 Ucits Etf Gbp
Source: Trustnet

Portfolio

The portfolio at April 2nd, 2001 included five external UK equity funds and five Henderson fixed interest funds.

Key Investor Information

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