Janus Henderson Multi-Manager Diversified A

Formerly invested mainly in zeros, now becoming more diversified.

  • 110.10p
    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.

  • 89.18p
    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!

  • 1.20%
    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).

  • 1.66%
    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.

  • 0.00%
    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 13 December 2019, fund data last updated 21 August 2003

Fund summary

Sector Mixed Investment 0-35% Shares
Structure UNIT TRUST
Launched May, 1991
Size £48m
Yield 0.00%
Charging basis Capital
Dividends paid 31 Jan, 28 Apr, 31 Jul, 31 Oct

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.20%
Ongoing charges figure 1.66%

Allocation

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Investment process

The fund's objective is to achieve a positive absolute return in different market conditions from a portfolio of securities. The Fund will invest in zero dividend preference shares, fixed interest securities, units in collective investment schemes, investment trusts, money market instruments, deposits and any other permitted asset type deemed appropriate to meet the investment objective.

Manager research

Average monthly relative returns

  • 14/15 0.14%
  • 15/16 -0.55%
  • 16/17 -0.19%
  • 17/18 -0.39%
  • 18/19 -0.11%

Bestinvest MRI

  • 3 years -0.23%
  • 5 years -0.22%
  • Career -0.23%
  • 3 years 27.40%
  • 5 years 24.50%
  • Career 18.40%

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 6.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.23%. 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 9%.

Periods of worst performance

Absolute -9.00% (May 2015 - September 2015)
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.

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Top 10 holdings

Data accurate as at 31 July 2019

9.0771% Jhhf Total Return Bond Fund Z2 Hgbp
8.3466% Mi Twentyfour Investment Funds Dynamic Bond I Inc Gbp
6.3857% Axa Us Short Duration High Yield Si Gross Inc Gbp
6.1395% Pimco Gis Income I Inc Usd
5.2252% Investec Funds Series I - Uk Equity Income Fund L Inc Inc Gbp
5.1045% Ishares Usd Tips 0-5 Etf Usd
4.739% Jupiter Uk Special Situations Fund I Dis Inc Gbp
4.1662% Blackrock Continental European Income A Inc Gbp
4.0211% Montlake Dunn Wma Ucits Fund G Ins B Gbp
3.9724% Henderson Alternative Strat Tr Plc
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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