Janus Henderson UK Responsible Income A

Ethical and environmental UK equity fund primarily aiming for income.

  • 139.00p
    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?

  • 4.50% 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).

  • 1.70%
    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.

  • 4.20%
    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 13 December 2019

Fund summary

Sector UK Equity Income
Structure OEIC
Launched May, 1995
Size £182m
Yield 4.20%
Charging basis Capital
Dividends paid 31 May, 30 Nov

Charges

Standard initial charge 4.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.70%

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Investment process

The fund's aim is to provide income with the prospects of capital growth by investing in companies contributing to social well being and the protection and wise use of the natural environment.

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.53%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.50%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 100.00%

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

Andrew Jones

Jones joined LGT Asset Management in 1995 as a trainee fund manager. He joined INVESCO on the acquisition of LGT in 1998 and became a fund manager in 1999 as a member of the UK Smaller Companies Team, running the INVESCO UK Institutional Smaller Companies Fund. He subsequently moved to the UK Retail team to work on Income Funds with specific responsibility for the INVESCO Exempt Fund. He received a BA (Hons) in Economics from Cambridge University and holds the Securities Institute Diploma. In July 2005 it was announced he would be leaving Invesco that October to join Henderson.

Track record

Andrew Jones has 8.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.5%. During the worst period of relative performance (from September 2002 - February 2003) there was a decline of 6% relative to the index. The worst absolute loss has been 33%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -33.00% (May 2001 - January 2003)
Relative -6.00% (September 2002 - February 2003)

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 August 2019

5.5% Glaxosmithkline
5% Astrazeneca Plc
3.5% Vodafone Group
3.4% Johnson Matthey
3.2% Schroders Plc
3.1% National Grid
2.8% Prudential Plc
2.7% Smith & Nephew
2.4% Electrocomponents
2.3% Euromoney Institutional Investor
Source: Trustnet

Sector breakdown

Financials 29.00%
Health Care 16.00%
Consumer Services 14.00%
Industrials 10.00%
Utilities 9.00%
Consumer Goods 8.00%
Telecommunications 6.00%
Technology 4.00%
Basic Materials 4.00%
Money Market 1.00%

Key Investor Information

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