For individual investors in Luxembourg

Absolute Return Income Fund

A strategy that seeks positive returns above cash by investing primarily in fixed income securities and associated derivatives

ISIN
IE00BZ76W439

NAV
USD 10.75
As of 20/03/2023

1-Day Change
USD 0.00 (0.00%)
As of 20/03/2023

Overview

INVESTMENT OBJECTIVE

A globally diversified fixed income fund that is designed to provide a steady income stream, while offering low volatility and stability of capital across economic cycles. We seek out value across sectors and geographies, identifying strategies priced for the best return potential in the current market environment. That means we can take advantage of unique opportunities within countries and sectors that are often overlooked or under-represented in market indices.

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

  • A cash-plus strategy designed to seek a steady income stream and higher returns than a money market fund
  • Places a high priority on seeking capital preservation
  • A potential diversifier within fixed income allocation
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Jason England

Portfolio Manager

Industry since 1994. Joined Firm in 2017.

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.
Cumulative & Annualised Performance (%)
As of 28/02/2023
A2 USD (Net) FTSE 3-Month US Treasury Bill
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
04/05/2016
A2 USD (Net) 0.28 0.94 0.65 -0.06 1.11 - 1.11
FTSE 3-Month US Treasury Bill 0.35 0.72 2.22 0.86 1.35 - 1.17
 
  Annualised
3YR 5YR 10YR Since Inception
04/05/2016
A2 USD (Gross) - 2.16 - 2.21
FTSE 3-Month US Treasury Bill + 2.00% - 3.37 - 3.19
Calendar Year Returns (%)
As of 31/12/2022
A2 USD (Net) FTSE 3-Month US Treasury Bill
YTD 2022 2021 2020 2019 2018 2017 PERFORMANCE INCEPTION
04/05/2016
A2 USD (Net) -1.02 -1.02 -0.83 1.97 3.89 0.79 1.70 0.20
FTSE 3-Month US Treasury Bill 1.50 1.50 0.05 0.58 2.25 1.86 0.84 0.19
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 0.55%
Ongoing Charge
(As of 31/12/2021)
1.03%

Portfolio

Top Holdings (As of 28/02/2023)
% OF FUND
New Zealand Government Bond, 0.50%, 05/15/24 5.40
Bank of America Corp, 1.73%, 07/22/27 1.75
Morgan Stanley, 6.14%, 10/16/26 1.65
Wells Fargo & Co, 2.16%, 02/11/26 1.25
Macquarie Group Ltd, 6.21%, 11/22/24 1.16
Hyundai Capital America, 1.00%, 09/17/24 1.15
Queensland Treasury Corp, 5.75%, 07/22/24 1.12
Banco Santander SA, 3.50%, 03/24/25 1.12
Humana Inc, 5.70%, 03/13/26 1.05
Illumina Inc, 5.80%, 12/12/25 1.04
Total 16.69
Portfolio Characteristics (As of 28/02/2023)
 
Number of Holdings
Debt Issues
Portfolio Turnover Rate
(1-year trailing)
-
Weighted Average Maturity
(years)
-
Effective Duration
(years)
-
Yield to Worst
-
Sector Allocation % OF FUND % OF FUND (As of )
Regional Allocation % OF FUND % OF FUND (As of February 28, 2023)
Developed vs Emerging Markets % OF FUND % OF FUND (As of February 28, 2023)
Maturity Breakdown of Fixed Income Holdings % OF FUND % OF FUND (As of 28/02/2023)

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.
  • An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital to the Fund. If this happens or the market perceives this may happen, the value of the bond will fall.
  • When interest rates rise (or fall), the prices of different securities will be affected differently. In particular, bond values generally fall when interest rates rise (or are expected to rise). This risk is typically greater the longer the maturity of a bond investment.
  • The Fund invests in high yield (non-investment grade) bonds and while these generally offer higher rates of interest than investment grade bonds, they are more speculative and more sensitive to adverse changes in market conditions.
  • Callable debt securities, such as some asset-backed or mortgage-backed securities (ABS/MBS), give issuers the right to repay capital before the maturity date or to extend the maturity. Issuers may exercise these rights when favourable to them and as a result the value of the fund may be impacted.
  • The Fund may use derivatives to help achieve its investment objective. This can result in leverage (higher levels of debt), which can magnify an investment outcome. Gains or losses to the Fund may therefore 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, 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.
  • When the Fund, or a share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency (hedge), the hedging strategy itself may positively or negatively impact 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.
  • Information on compliance with EU sustainable related disclosures can be found here.
  • 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.
  • Summary of Investor rights
  • Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.