Janus Henderson Diversified Credit Fund

ARSN: 127 727 431

Overview

Investment objective

The Janus Henderson Diversified Credit Fund ('Fund') seeks to achieve a total return after fees that exceeds the total return of the Benchmark (Bloomberg AusBond Bank Bill Index) by 1.40% p.a. over rolling three-year periods.

Investment strategy

The Fund will typically invest in a diversified portfolio of Australian and global investment grade and sub-investment grade securities, which can be listed or unlisted.

The Fund is designed to leverage the considerable expertise of the Manager and gives them the flexibility to actively allocate the Fund’s assets geographically and across the credit ratings spectrum. The Manager considers the risk and return outcomes of the securities and how the Fund may benefit from diversification across less correlated global credit market sectors.

The Manager’s approach is to determine the overall level of credit and duration risk in the Fund by taking a top down approach, which considers trends in credit fundamentals, market dynamics and current valuations. The Manager then works to construct and maintain a well-diversified portfolio that aims to offer the best risk-adjusted returns within the Fund’s risk framework.

To the extent that the Fund holds fixed interest rate securities, the Manager will use interest rate derivatives to hedge the Fund’s interest rate risk to a modified duration range of 0 to 3 years.

Changes to management costs:
With effect on and from 1 April 2019 and until further notice, the management fee of the Fund will be reduced from 0.60% to 0.55% per annum of the assets of the Fund.

Full portfolio holdings are available to current unitholders on request. Please contact us via email clientservices.aus@janushenderson.com or phone 1300 019 633 or +61 3 9445 5067 (outside Australia).

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