Janus Henderson Multi-Manager Income & Growth A

Fund of external unit trusts.

  • 153.90p
    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.

  • 183.90p
    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).

  • 2.35%
    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.

  • 2.00%
    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 summary

Sector Mixed Investment 20-60% Shares
Structure UNIT TRUST
Launched March, 1998
Size £249m
Yield 2.00%
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 2.35%

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Investment process

The fund's aim is to provide an income in excess of the yield of the FTSE All-Share Index with prospects for capital growth through investment in a spread of authorised unit trusts and/or open ended investment companies selected from those available in the whole market. There are no restrictions on the funds which may be held, but a core UK holding will be maintained.

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.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2019

7.3669% Mi Twentyfour Investment Funds Dynamic Bond I Inc Gbp
7.2265% Investec Funds Series I - Uk Equity Income Fund L Inc Inc Gbp
6.047% Blackrock Continental European Income A Inc Gbp
5.7928% Schroder Asian Income Z Inc Gbp
5.4548% Axa Us Short Duration High Yield Si Gross Inc Gbp
5.4333% Invesco European Equity Income (Uk) Acc
5.1536% Jupiter Income Trust I Inc Inc Gbp
5.0235% Pimco Gis Income I Inc Usd
4.7154% Lf Morant Wright Nippon Yield B
4.3777% Artemis Income (Inc Gbp)
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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