Please ensure Javascript is enabled for purposes of website accessibility Diversified Alternatives Fund - Janus Henderson Investors
For financial professionals in the UK

Diversified Alternatives Fund

The Fund aims to provide capital growth, over the long term.

ISIN
GB00BDZT6269

NAV
GBP 124.60p
As of 25/04/2024

1-Day Change
GBP -0.20p (-0.16%)
 As of 25/04/2024

Morningstar Rating

As of 31/03/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth, over the long term. Performance target: To outperform the Consumer Price Index by 3% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests globally in a diverse portfolio of investments which gain exposure indirectly to alternative asset classes such as private equity, infrastructure, property, commodities and hedge funds. The Fund will invest at least 80% in a combination of closed ended funds (e.g. investment trusts), investment companies, REITs, collective investment schemes (both regulated and unregulated and including those managed by Janus Henderson), exchange traded funds (ETFs), exchange traded notes (ETNs) and fixed interest securities. The Fund may also invest in cash and money market instruments. The Investment Manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently. The Fund is actively managed with reference to the Consumer Price Index as this forms the basis of the Fund's performance target. The Investment Manager has complete discretion to choose investments for the Fund.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

Past performance does not predict future returns. 
 

RATINGS AND AWARDS

©2023 FE fundinfo. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE fundinfo, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE fundinfo, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate. FE fundinfo shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE fundinfo does not guarantee that a fund will perform in line with its FE Investments Approved Rating as it is a reflection of past performance only. Likewise, the FE Investments Approved Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.

PORTFOLIO MANAGEMENT

James de Bunsen, CFA

James de Bunsen, CFA

Portfolio Manager

Industry since 2005. Joined Firm in 2013.

Pete Webster, CFA

Pete Webster, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2009.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 31/03/2024
I Acc (Net) Consumer Price Index
 
Quarter End
As of 31/03/2024 		Mar-2023 - Mar-2024 Mar-2022 - Mar-2023 Mar-2021 - Mar-2022 Mar-2020 - Mar-2021 Mar-2019 - Mar-2020
I Acc (Net) 0.41 -4.90 14.82 19.76 -8.58
Consumer Price Index 3.23 10.06 7.02 0.71 1.52

Index Description

The Consumer Price Index (CPI) is a measure of the change in prices of a basket of consumer goods and services. CPI is used in the UK as a measure of the change in inflation. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund’s performance can be assessed over time.

Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
© Morningstar 2024. All rights reserved. NAV-NAV, net income reinvested where applicable.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
Cumulative & Annualised Performance (%)
As of 31/03/2024
I Acc (Net) Consumer Price Index
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
22/02/2013
I Acc (Net) -0.16 -3.31 0.41 3.12 3.72 4.93 5.22
Consumer Price Index 0.59 0.60 3.23 6.73 4.45 2.92 2.87
 
  Annualised
3YR 5YR 10YR Since Inception
22/02/2013
I Acc (Gross) - 4.47 5.68 5.97
Consumer Price Index + 3.00% - 7.58 6.01 5.96

Index Description

The Consumer Price Index (CPI) is a measure of the change in prices of a basket of consumer goods and services. CPI is used in the UK as a measure of the change in inflation. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund’s performance can be assessed over time.

The I Acc share class was launched on 23/11/2018. Performance prior to that date is past performance based on the Y Acc share class of the same fund which has a different current ongoing charge included of 0.50.
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
© Morningstar 2024. All rights reserved. NAV-NAV, net income reinvested where applicable.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Calendar Year Returns (%)
As of 31/03/2024
I Acc (Net) Consumer Price Index
2023 2022 2021 2020 2019
I Acc (Net) 2.09 -2.89 14.48 3.80 9.26
Consumer Price Index 3.99 10.53 5.39 0.59 1.30

Index Description

The Consumer Price Index (CPI) is a measure of the change in prices of a basket of consumer goods and services. CPI is used in the UK as a measure of the change in inflation. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund’s performance can be assessed over time.

The I Acc share class was launched on 23/11/2018. Performance prior to that date is past performance based on the Y Acc share class of the same fund which has a different current ongoing charge included of 0.50.
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
© Morningstar 2024. All rights reserved. NAV-NAV, net income reinvested where applicable.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
FEE INFORMATION
Initial Charge 0.00%
Annual Charge 0.50%
Ongoing Charge
(As of 31/07/2023) 		0.75%
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

Portfolio

Top Holdings (As of 31/03/2024)
% OF FUND
Securis Catastrophe Bond Fund A USD 4.95
Bh Macro Ltd 4.84
Merrill Lynch Inv Mlcx Commodity Alpha 4.55
Coremont Investment Fund - Brevan Howard Absolute Return Government Bond Fund A1 4.16
3i Infrastructure Plc 3.68
Trium Ucits Platform Plc-Trium Alternative Growth Fund F GBP Acc 3.37
Hicl Infrastructure Plc 3.30
Pantheon International Plc 3.30
Biopharma Credit Plc 3.26
International Public Partnerships 3.26

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  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • The Fund invests in other funds (including exchange-traded funds and investment trusts/companies). This may introduce more risky assets, derivative usage and other risks associated with the underlying funds, as well as contributing to a higher level of ongoing charges.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund, or you invest in a share/unit class of a different currency to the Fund (unless hedged, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
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