For individual investors in the UK

UK Property PAIF

A "bricks and mortar" fund with a long track record that seeks to offer regular income and diversification from a high-quality portfolio of UK commercial property.

ISIN
GB00BP46GC27

Bid
GBP 272.0500p
As of 16 Jun 2022

Offer
GBP 272.0500p
As of 16 Jun 2022

1-Day Change
(0.00%)
As of 16 Jun 2022


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

Termination of Janus Henderson UK Property PAIF (the Fund) and the Janus Henderson UK Property PAIF Feeder Fund (the “Funds”) - Update

21 June 2022

Further to our last update on 31 May 2022, we are pleased to confirm that for non-Janus Henderson ISA investors (ISA investors should see below), we have instructed payment to return monies to you. If we have your bank details on file, monies should be received by you on 22 June 2022. Otherwise, a cheque will be posted to you and you should receive it shortly thereafter. Details of the final price achieved will be included in the contract note that we will also send to you.

Reminder for Janus Henderson ISA Investors only

Please be reminded that for investors who held the Fund in the Janus Henderson ISA, we will retain the redemption proceeds within the ISA for a period of up to six months (expiring 28 October 2022). This will preserve the ISA status of the proceeds and allow you sufficient time to decide what to do next.

If you held the Fund in the Janus Henderson ISA and haven’t yet confirmed your instructions to us, we need you to review and complete a form of direction, available from this link https://www.janushenderson.com/download/document/134947. This sets out the options available to you and the actions you may need to take.

If you do not provide instructions to us by 28 October 2022, your proceeds will be returned to you and you will lose your ISA status on that amount.

We thank you again for your patience whilst we concluded the sale of the Fund’s property assets. We believe the combination of the speed with which we have been able to return money to you and the price achieved in selling the properties represents a good outcome for investors given the uncertainties and future concerns that we had for the Funds.

Monthly Commentary

The latest Janus Henderson UK Property PAIF Monthly Commentary provides an update on performance, fund positioning, investment activity, strategy and the managers' outlook.

INVESTMENT OBJECTIVE

The Fund aims to provide a high level of income as well as growth of income and capital over the long term (5 years or more). The Fund will be a Property Authorised Investment Fund (PAIF) for tax purposes at all times.

More

The Fund invests at least 60% of its assets in UK commercial real estate and in shares and bonds of UK companies in the real estate industry.
The Fund may also invest in other assets including cash and bank deposits, money market instruments, non-UK commercial real estate, residential real estate, funds (collective investment schemes including exchange traded funds) and real estate outside of the UK.
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 IA UK Direct Property sector average, which is based on a peer group of broadly similar funds, as this can provide a useful comparator for assessing the Fund's performance.

Less

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

  • Portfolio with a broad mix of high-quality properties across UK regions and sectors, with a South East bias, that are well-placed to benefit from long-term consumer, demographic, and technological trends.
  • Focuses on location, tenant strength, lease length, lease structure, building quality, and sustainability considerations.
  • Highly experienced investment team with support from more than 500 property specialists.
UK Property PAIF invests in assets that may at times be hard to sell. This means that there may be occasions when you experience a delay or receive less than you might otherwise expect when selling your investment. For more information on risks see the prospectus and key investor information document.

RATINGS AND AWARDS

Ratings for this fund include:

Rating-SMRatingsLogoA
Rating-Ranges
Rating-Elite-Fund-rated-by-FundCalibre-w100px
CARBON-MEASURED_RGB_Web_PNG (002)
GRESB Real Estate Assessment 3 star rating

PORTFOLIO MANAGEMENT

Ainslie McLennan

Portfolio Manager, Janus Henderson UK Property PAIF

Industry since 1998. Joined Firm in 2002.

Marcus Langlands Pearse

Portfolio Manager

Industry since 2003. 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 30 Jun 2022
A Acc (Net)
 
Quarter End
As of 30 Jun 2022
Jun-2021 - Jun-2022 Jun-2020 - Jun-2021 Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018
A Acc (Net) - - - - -

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
As of 31 Dec 2021
A Acc (Net)
2021 2020 2019 2018 2017
A Acc (Net) 11.04 -2.75 2.10 3.41 8.03

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
Year A Acc (Net) Index
2021 11.04 0.00
2020 -2.75 0.00
2019 2.10 0.00
2018 3.41 0.00
2017 8.03 0.00
2016 -4.88 0.00
2015 8.11 0.00
2014 11.55 0.00
2013 6.26 0.00
2012 6.04 0.00
2011 -0.11 0.00
2010 8.67 0.00
2009 7.14 0.00
2008 -22.38 0.00
2007 -19.58 0.00
2006 17.48 0.00
2005 11.43 0.00
2004 18.30 0.00
2003 10.28 0.00
2002 6.94 0.00
2001 4.40 0.00
2000 16.37 0.00
1999 from 1999-06-07 5.40 0.00
FEE INFORMATION
Initial Charge 0.00%
Annual Charge 1.50%
Ongoing Charge
(As of 30 Nov 2021)
1.68%

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.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • 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.
  • This Fund is dual priced. The price at which you buy shares/units in the fund will incorporate the transaction costs incurred in buying physical properties. When you sell shares/units in the Fund the price you sell at incorporates the transaction costs incurred in selling physical properties. The difference between these prices is called the ‘spread'. This spread is currently c. 5% and reflects the high transaction costs of buying and selling commercial property. Typically the buying price of an individual commercial property can be 7-8% higher than the selling price. The spread of the Fund is not fixed and may vary over time depending on the composition of the Fund.
  • Valuations are determined by independent property experts. The valuation of property is generally a matter of valuer's opinion. The amount raised when a property is sold may be less than the valuation.
  • Tenants in the Fund's properties may become unable to pay their rent. As a result, the Fund's income may be impacted and further costs incurred.
  • Some or all of the ongoing charges may be taken from capital, which may erode capital or reduce potential for capital growth.
  • 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.