Janus Henderson UK Tracker A

Aims to track the performance of the FTSE100 index.

  • 288.70p Price (Inc)
  • - Price (Acc)
  • 0.00% Initial charge
  • 0.50% Annual management charge
  • 0.70% Ongoing charges
  • 3.40% Yield

Prices as at 04 December 2019, fund data last updated 07 August 2003

The objective of this fund is to achieve the capital performance and income yield of the FTSE 100. This tracker aims to fully replicate the index.

Fund summary

Sector UK All Companies
Structure OEIC
Launched February, 1997
Size £82m
Yield 3.40%
Charging basis Income
Dividends paid Acc units only

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

The mandate of this fund, that allows the manager to invest in a wide variety of derivatives and other money market instruments, raises concerns over the extent to which this is a tracker or whether the managers' macroeconomic views effect fund performance. Tracker funds have an inherent problem as performance fees reduce the margins on performance. Always check the performance fees against similar products before investing in these types of fund.

This tracker fund is expensive relative to similar products and there are a number of cheaper options available.

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

10% Royal Dutch Shell
6.5% Hsbc Hldgs
5.3% Bp
5.2% Astrazeneca Plc
4.6% Glaxosmithkline
4.4% Diageo
3.6% British American Tobacco
3.1% Unilever
2.5% Rio Tinto
2.3% Vodafone Group
Source: Trustnet

Sector breakdown

Financials 20.00%
Consumer Goods 17.00%
Oil & Gas 15.00%
Consumer Services 11.00%
Health Care 11.00%
Industrials 9.00%
Basic Materials 8.00%
Telecommunications 3.00%
Utilities 3.00%
Others 2.00%

Portfolio

The fund holds between 100-110 positions

Key Investor Information

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