The board of Henderson Investment Funds Limited present the Value Assessment Report for the period to 31 December 2019.

Over the period 2015 to 2019, the UK’s financial services regulator, the Financial Conduct Authority (FCA), carried out a study of the asset management industry to understand how asset managers compete to deliver value to investors. The findings of this study have given rise to a range of FCA initiatives, one being for the Board of the Authorised Fund Manager (the body responsible for an investment fund) in the UK to perform detailed assessments of whether funds are providing value to investors, and publish an annual statement summarising the outcome of this process, known as the Value Assessment.

The Value Assessment considers a minimum of seven criteria set by the FCA; while investment performance and quality of service are clearly important factors, costs and charges paid by investors are also key considerations. At Janus Henderson, ensuring value is delivered to investors has always been central to our process and therefore the Value Assessment is an extension to the existing ongoing monitoring processes that provide oversight of how the funds are managed on your behalf.

This report contains an overview of the process that Janus Henderson undertook to perform this assessment along with the conclusions.

Value Assessment