JANUS HENDERSON

Horizon Euro High Yield Bond Fund

European equities

Investment objective

The investment objective of the Euro High Yield Bond Fund is to provide a high overall yield and potential for capital growth. The Fund will invest at least 70% of its net assets in sub investment grade corporate debt securities with a credit rating equivalent to BB+ or lower and denominated in Euros and Sterling. The Fund can invest in fixed and variable rate and index-related securities issued by corporate, government, supranational institutions and local and regional agencies. The Fund may invest up to 20% of its net assets in contingent convertible bonds. The Fund may make use of one or a combination of the following instruments / strategies in order to achieve the Fund’s objective including, but not limited to, asset and mortgage backed securities, convertible bonds, structured notes, options, OTC swaps (such as interest rate swaps, credit default swaps, credit default swaps on indices and total return swaps), and forward foreign exchange contracts.

Key features

  • Fully express their high-conviction views
  • Avoid areas of the market where they see greater downside risk
  • Make what they believe to be the best investment decisions on behalf of investors
Source: Morningstar, Janus Henderson Investors
Fund: Janus Henderson Horizon Euro High Yield Bond Fund A2 EUR
Benchmark: ICE BofA ML European Currency Non-Financial High Yield 2% Constrained Index
Sector: GIF OS EUR High Yield Bond

Source: Morningstar, Janus Henderson Investors
Fund: Janus Henderson Horizon Euro High Yield Bond Fund A2 EUR
Benchmark: ICE BofA ML European Currency Non-Financial High Yield 2% Constrained Index
Sector: GIF OS EUR High Yield Bond

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Fund profile

Fund managers

Tom Ross, CFA

Tom Ross is a Corporate Credit Portfolio Manager at Janus Henderson Investors, a position he has held since 2006. He is responsible for co-managing the Global High Yield, European High Yield, European Investment Grade, Absolute Return Credit, and Global Diversified Credit strategies. Prior to portfolio management, he specialised in credit trading on Henderson's centralised dealing desk. He joined Henderson in 2002. Tom graduated with a BSc degree (Hons) in biology from Nottingham University. He holds the Chartered Financial Analyst designation and has 17 years of financial industry experience.

Tim Winstone

Tim Winstone is a Corporate Credit Portfolio Manager at Janus Henderson Investors, a position he has held since joining Henderson in 2015. Tim co-manages the European Investment Grade strategies. Prior to Henderson, he was an executive director, senior fixed income portfolio manager and part of the global credit team at UBS Global Asset Management. He began his career as a portfolio assistant at Thesis Asset Management and has worked in global credit since 2004. Tim earned a BSc degree (Hons) in mathematics from the University of Bristol. He holds the Chartered Financial Analyst designation and the Investment Management Certificate and passed the Regulation and Compliance unit of the CISI Diploma. He has 16 years of financial industry experience.