Janus Henderson UK Index A

All-Share tracker with management outsourced to State Street Global Advisors (SSgA).

  • 427.70p Price (Inc)
  • 644.00p Price (Acc)
  • 0.00% Initial charge
  • 0.50% Annual management charge
  • 0.70% Ongoing charges
  • 3.30% Yield

Prices as at 04 December 2019, fund data last updated 01 February 2002

The fund aims to provide capital growth from the UK stockmarket by tracking the returns of the FTSE All-Share Index and invests in the majority of stocks listed in the index - therefore it applies a near full "replication" strategy. Additionally the fund will aim to match the income yield of the index.

Fund summary

Sector UK All Companies
Structure OEIC
Launched February, 1999
Size £221m
Yield 3.30%
Charging basis Income
Dividends paid Jun, Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Ongoing charges figure 0.70%

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Investment process

To achieve its target of tracking the capital performance of the FTSE All-Share Index and to maintain a gross income yield equal to that of the index the fund is managed on a fully invested basis and has a portfolio of, typically, over 600 stocks comprising the FTSE All-Share Index although, occasionally, the fund may invest in stocks outside the index. The emphasis is on maintaining tracking precision. The fund may also invest at the manager’s discretion in other transferable securities, money market instruments, cash and near cash, derivative instruments other investment techniques permitted in applicable FSA Rules in order to achieve its objectives.

This FTSE All-Share tracker, which is operated by State Street Global Advisors (SSgA), has a reasonable accurate record of tracking the index. However, it is no longer as competitive as it used to be and has been superseded by lower cost trackers. Consider Fidelity Moneybuilder UK Index, which has a much lower total expense ratio.

Manager research

Average monthly relative returns

  • 14/15 -0.09%
  • 15/16 -0.06%
  • 16/17 0.03%
  • 17/18 -0.05%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years -0.01%
  • 5 years -0.03%
  • Career -0.07%
  • 3 years 62.60%
  • 5 years 56.40%
  • Career 58.70%

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

Chris Handley

Handley is an Investment Manager with responsibility for the management of index equity portfolios at State Street Global Advisors Limited. Prior to joining SSgA in 2002, he was an Index Fund Manager at Henderson Global Investors for 4 years, managing a number of index equity portfolios. Handley also developed new products and systems to manage both index and enhanced index funds. Before that, he worked as an Equities Analyst for Stephen Bronte Partners, a hedge fund in California. Handley graduated from Cambridge University, with a BA (Hons) in Natural Sciences.

Track record

Chris Handley has 13.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. During the worst period of relative performance (from June 2004 - June 2016) there was a decline of 12% relative to the index. The worst absolute loss has been 40%.

Periods of worst performance

Absolute -40.00% (October 2007 - February 2009)
Relative -12.00% (June 2004 - June 2016)

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 August 2019

8.1% Royal Dutch Shell
5.3% Hsbc Hldgs
4.3% Bp
4.2% Astrazeneca Plc
3.7% Glaxosmithkline
3.6% Diageo
2.9% British American Tobacco
2.5% Unilever
2% Rio Tinto
1.8% Vodafone Group
Source: Trustnet

Sector breakdown

Financials 24.00%
Consumer Goods 15.00%
Oil & Gas 13.00%
Consumer Services 12.00%
Industrials 12.00%
Health Care 10.00%
Basic Materials 7.00%
Utilities 3.00%
Telecommunications 3.00%
Others 2.00%

Portfolio

The portfolio has over 600 holdings and therefore holds nearly all the constituents of the FTSE All Share Index.

Key Investor Information - Income

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Key Investor Information - Accumulation

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