INVESTMENT OBJECTIVE
The Fund aims to provide a return from a combination of income and capital growth over the long term. Performance target: To outperform ESTR by 1.5% per annum, before the deduction of charges, over any 5-year period.
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The Fund invests at least 70% of its net assets in Asset-Backed Securities (ABS), including mortgage-backed securities (MBS). The Fund invests only in investment grade securities (rated BBB- or higher by at least one independent credit rating agency) at the time of purchase and maintains at least 60% of its investments in European assets. However, the Fund shall not hold more than 10% of its net asset value in ABS, including MBS that have been downgraded below investment grade after purchase. The Fund may also hold other assets including other types of bonds and floating rate notes from any issuer, Collective Investment Schemes (including those managed by Janus Henderson), certificates of deposit, bank term deposits and other money market investments (including cash funds), covered bonds, US agency mortgage-backed securities (that will not be deemed to form part of the minimum 70% ABS investment), Real Estate Investment Trusts (REITs) and other secured finance investments. The Fund may invest up to 20% in total return swaps. The Investment Manager may use derivatives (complex financial instruments), including total return swaps, with the aim of making investment gains in line with the Fund’s objective, to reduce risk or to manage the Fund more efficiently. The Fund is actively managed and makes reference to ESTR as this forms the basis of the Fund’s performance target. The Investment Manager has complete discretion to choose investments for the Fund and is not constrained by a benchmark.
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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.
ABOUT THIS FUND
- Specialised and experienced team: A long-standing track record in ABS and CLO investing. Portfolio managers have worked together since 2010 and draw upon the expertise of securitised and loans specialists.
- In-depth analysis and insights: Market leading tools and systems integrated into the research process to gain deep insights on underlying collateral and identify relative value.
- Global opportunity set: Expertise in European regulations and in-depth local market knowledge to access the vast global securitised market.
