For individual investors in the UK

Diversified Growth Fund

An actively managed multi-asset portfolio that aims to deliver returns comparable to global equities over the medium term, but with lower volatility

ISIN
GB00B3PJPM93

NAV
GBP 70.46p
As of 02/12/2022

1-Day Change
GBP 0.00p (0.00%)
As of 02/12/2022

Morningstar Rating


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of capital growth and income, with volatility lower than that of the MSCI ACWI Index, over the long term.
Performance target: To outperform SONIA by 4% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests in Collective Investment Schemes (other funds including those managed by Janus Henderson and Exchange Traded Funds) to provide diversified global exposure to a range of assets including shares (equities) of companies, bonds issued by companies and governments, and to a lesser extent, alternative assets such as property and commodities.
The Fund may also invest in other assets including shares (equities), bonds, 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 SONIA, as this forms the basis of the Fund's performance target. The investment manager has complete discretion to choose investments for the Fund.
The Fund is actively managed with reference to SONIA, as this forms the basis of the Fund's performance target. For currency hedged Share Classes, the rate that corresponds with the relevant Share Class currency is used as the basis of the performance comparison. 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.

Investment into the fund will acquire units / shares of the fund itself and not the underlying assets owned by the fund.

ABOUT THIS FUND

  • The strategy aims to provide a low-volatility growth engine for client portfolios with a particular focus on capital preservation
  • Flexible approach gives investors exposure to a diverse array of potential return drivers
  • The team has a successful long-term track record of dynamic asset allocation, efficient portfolio construction, and cost-effective implementation
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Nick Harper, CFA

Portfolio Manager  

Industry since 2010. Joined Firm in 2014.

Oliver Blackbourn, CFA

Portfolio Manager

Industry since 2009. Joined Firm in 2017.

Paul O’Connor

Head of Multi-Asset | Portfolio Manager

Industry since 1995. Joined Firm in 2013.

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 30/09/2022
A Acc (Net) SONIA
  
Sep-2021 - Sep-2022 Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018
A Acc (Net) -10.99 9.86 4.17 3.63 3.03
SONIA 0.74 0.05 0.57 0.83 0.56
 
Sep-2021 - Sep-2022 Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018
A Acc (Gross) -9.43 11.82 6.10 5.60 4.98
SONIA + 4.00% 4.77 4.05 4.60 4.89 4.56

Index Description

SONIA stands for Sterling Overnight Index Average. SONIA reflects the average of the interest rates that banks pay to borrow sterling overnight from other financial institutions. The Bank of England is the administrator for SONIA and they are responsible for its governance and publication every London business day. It is the basis for the performance target of the fund.

Cumulative & Annualised Performance (%)
As of 31/10/2022
A Acc (Net) SONIA
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
06/04/2011
A Acc (Net) -0.10 -12.46 -11.27 0.83 1.38 3.26 2.57
SONIA 0.19 0.91 0.92 0.49 0.58 0.54 0.59
 
  Annualised
3YR 5YR 10YR Since Inception
06/04/2011
A Acc (Gross) - 3.23 5.16 4.46
SONIA + 4.00% - 4.61 4.56 4.62

Index Description

SONIA stands for Sterling Overnight Index Average. SONIA reflects the average of the interest rates that banks pay to borrow sterling overnight from other financial institutions. The Bank of England is the administrator for SONIA and they are responsible for its governance and publication every London business day. It is the basis for the performance target of the fund.

Calendar Year Returns (%)
As of 31/12/2021
A Acc (Net) SONIA
2021 2020 2019 2018 2017
A Acc (Net) 5.90 8.79 10.54 -5.00 6.31
SONIA 0.05 0.39 0.82 0.67 0.34
 
2021 2020 2019 2018 2017
A Acc (Gross) 7.77 10.79 12.63 -3.20 8.31
SONIA + 4.00% 4.05 4.41 4.85 4.72 4.34

Index Description

SONIA stands for Sterling Overnight Index Average. SONIA reflects the average of the interest rates that banks pay to borrow sterling overnight from other financial institutions. The Bank of England is the administrator for SONIA and they are responsible for its governance and publication every London business day. It is the basis for the performance target of the fund.

Calendar Year Returns (%)
Year A Acc (Net) Index
2021 5.90 0.05
2020 8.79 0.39
2019 10.54 0.82
2018 -5.00 0.67
2017 6.31 0.34
2016 7.76 0.52
2015 0.47 0.57
2014 2.71 0.54
2013 8.24 0.51
2012 4.34 0.89
2011 from 2011-04-06 -5.10 0.63
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 31/07/2022)
1.73%

Portfolio

Top Holdings (As of 31/10/2022)
% OF FUND
CME S&P 500 Emini Index Dec22 (16/12/2022) 12.17
Ice FTSE 100 Index Dec22 (16/12/2022) 10.99
OSE Topix Index Dec22 (08/12/2022) 9.33
United Kingdom Treasury Bill 2022 8.69
Eux Euro Stoxx 50 Index Dec22 (16/12/2022) 5.69
United Kingdom Inflation-Linked Gilt 0.75% 2034 4.04
Janus Henderson European Selected Opportunities Fund I Acc 3.97
BH Macro 3.97
United Kingdom Treasury Bill 2023 3.91
Ice Long Gilt Dec22 (29/11/2022) 3.78

Documents

  • ​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.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • The Fund invests in other funds (including exchange traded funds and investment trusts/companies), which may introduce more risky assets, derivative usage and other risks, as well as contributing to a higher level of ongoing charges.
  • The Fund may use derivatives towards the aim of achieving its investment objective. This can result in 'leverage', which can magnify an investment outcome and gains or losses to the Fund may be greater than the cost of the derivative. Derivatives also introduce 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'), the value of your investment may be impacted by changes in exchange rates.
  • When the Fund, or a hedged share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency, the hedging strategy itself may create a positive or negative impact to the value of the Fund due to differences in short-term interest rates between the currencies.
  • 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.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved, you may wish to consult a financial adviser.
  • If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.