fund

Rated

This is one of our rated funds. They’re the ones our experts believe will do well for investors over the longer term. Top of the class!

Janus Henderson Strategic Bond I

  • 143.90p
    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.

  • 387.10p
    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?

  • 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!

  • 0.60%
    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).

  • 0.68%
    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.

  • 3.20%
    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 05 March 2021, fund data last updated 27 February 2012

Investing in UK and overseas corporate bonds, the investment philosophy is to add value through active allocation across fixed income asset classes in addition to security selection. It has a flexible mandate regarding sources of this return (income or capital) and the instruments it can use. This includes the use of derivatives to enhance returns or protect capital. Whilst there are no formal benchmarks for risk control purposes, the fund is measured for performance against the IA strategic bond sector. Bonds issued by major governments and companies will be more stable than those issued by emerging markets or smaller corporate issuers; in the event of an issuer experiencing financial difficulty, there may be a risk to some or all of the capital invested. Any historical or current yields quoted should not be considered reliable indicators of future performance.

Fund summary

Sector £ Strategic Bond
Structure OEIC
Launched
Size £3,210m
Yield 3.20%
Charging basis
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.60%
Ongoing charges figure 0.68%

Allocation

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Investment process

The Strategic Bond Fund’s investment philosophy is based on adding value through active allocation across the fixed income asset classes in addition to individual stock selection. It has a flexible mandate in terms of the source of this return (income or capital) and the potential instruments in which it can invest. This includes the use of fixed income derivative instruments to enhance returns or protect capital. The fund is a sophisticated UCIT 3 product, consequently at any one time the fund's gross exposure to cash securities and credit instruments may exceed 100%. The management team will draw on the views of in house strategy team and fixed income teams to develop portfolio ideas. The fund is widely diversified, holding up to 200 bonds.

One of the more flexible strategic bond mandates. It can invest in some loans, take negative duration positions and will position itself more aggressively in credit if the manager sees fit. Portfolio focus is generally pan european. The fund is currently carrying a reasonable amount of credit sensitivity.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 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.

Track record

Periods of worst performance

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Relative 0.00% ()

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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Sector breakdown

Investment Grade Corporate Bonds 52.00%
High Yield Bond 20.00%
Investment Grade Corporate Bonds 15.00%
Money Market 5.00%
High Yield Bond 4.00%
Debt 2.00%
Preference Shares 1.00%

Portfolio

Investments may include pan European and US high yield, preference and convertible shares, sovereign and corporate bonds. There is no minimum exposure to any one security class. The fund may carry unhedged currency positions, typical max 5% of NAV. Duration is actively managed and may at times be negative.

Key Investor Information - Income

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Key Investor Information - Accumulation

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