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Multi-Asset Absolute Return Fund

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide an absolute (more than zero) return, typically over a 12-month period. An absolute return performance is not guaranteed over this specific, or any other, time period and consequently your capital is in fact at risk. The Fund invests in Collective Investment Schemes (funds that invest in shares, bonds and other securities from the UK and elsewhere), including Exchange Traded Funds. The Fund may also invest in money market instruments and bank deposits. The Fund may use derivatives to achieve the Fund's investment objective, to reduce risk or to manage the Fund more efficiently.

RATINGS AND AWARDS

S&P assigns a Principal Stability Fund Rating (PSFR) for money market funds within a range from AAAm (highest) to Dm (lowest), where AAAm indicates S&P's opinion of a fund's extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit risk and Dm indicates a failure to maintain principal stability resulting in a realized or unrealized loss of principal. Ratings do not eliminate risk and should not be used as the sole basis for evaluating an investment product. Please see Ratings Criteria at disclosure.spglobal.com/ratings/en/regulatory/ratings-criteria for further information. A fee was paid for the use of this data.

RATINGS AND AWARDS

FUND RISK PROFILED - 03

S&P assigns a Principal Stability Fund Rating (PSFR) for money market funds within a range from AAAm (highest) to Dm (lowest), where AAAm indicates S&P's opinion of a fund's extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit risk and Dm indicates a failure to maintain principal stability resulting in a realized or unrealized loss of principal. Ratings do not eliminate risk and should not be used as the sole basis for evaluating an investment product. Please see Ratings Criteria at disclosure.spglobal.com/ratings/en/regulatory/ratings-criteria for further information. A fee was paid for the use of this data.

Portfolio Management

James de Bunsen, CFA

Portfolio Manager

Industry since 2005. Joined Firm in 2013.

Performance

Portfolio

Top Holdings (As of 31/10/2025)
% of Fund
BNP Paribas Issuance 2028 8.42
Bank of America 2028 8.41
Bank of America 7.51
United Kingdom Treasury Bill 2025 7.44
Bh Macro Ltd 5.98
United Kingdom Treasury Bill 2026 5.89
United Kingdom Gilt 4.125% 2027 5.38
Actively Managed Certificate Basket 5.28
Securis Catastrophe Bond Fund A USD 4.88
Coremont Investment Fund - Brevan Howard Absolute Return Government Bond Fund A1 GBP Acc 4.52
TOTAL 63.72
Asset allocation % of Fund % of Fund As of 31/10/2025

Documents