Janus Henderson Horizon Total Return Bond Fund

A2 Acc EUR ISIN code: LU0756065164

Investment objective

The investment objective of the Total Return Bond Fund is to target a positive total return, in excess of cash over a rolling three year period, through income and capital gains by investing in a broad range of global fixed income asset classes and associated derivative instruments. The Fund may make use of a variety of instruments / strategies in order to achieve the Fund’s objective including, but not limited to, floating rate notes, forward foreign exchange contracts (including non-deliverable forwards), interest rate futures, bond futures and OTC swaps (such as interest rate swaps, credit default swaps, credit default swaps on indices and total return swaps), and options. The Fund may invest up to 10% of its net assets in loans qualifying as money market instruments in accordance with the Section ‘Investment Restrictions’ of this Prospectus. The Fund may invest up to 30% of the Fund’s total net asset value in asset-backed securities (“ABS”) and mortgage-backed securities (“MBS”), including up to 10% of its net assets in non-investment grade ABS and/or MBS. ABS/MBS include, but are not limited to, residential mortgage-backed securities, commercial mortgage-backed securities, and collateralised loan obligations. The ABS and MBS may be leveraged. The Fund may invest up to 20% of its net assets in contingent convertible bonds. The Fund may invest up to 50% of its net assets in total return swaps. The total return swaps are unfunded. The underlyings to such total return swaps consist of a range of securities or indices that the Fund may invest in according to the Fund’s investment objective and policy, including but not limited to, government bonds, corporate bonds and secured debt. Total return swaps are used to achieve the investment objective of the Fund.


  • The fund is designed to be a core bond holding for investors in a rapidly changing global market environment.
  • Suitable for investors seeking a combination of capital growth with income, together with the lower volatility characteristics and diversification benefits of a bond allocation.
  • Invests in a diversified portfolio of bonds, focusing on investing in the best risk-return prospects from across global bond markets.

Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.

Before you invest

Share class:

Key documents

All documents
ISIN code: LU0756065164A2 Acc EUR Currency EUR NAV 111.9600 Change 0.2000% Price date 18/09/2019
ISIN code: LU0756065321A2 Acc HUSD Currency USD NAV 122.7900 Change 0.1900% Price date 18/09/2019

Ratings and awards

Morningstar 3 Star

Key data

Asset class Fixed Income
Structure SICAV
Launch date 29/03/2012
Base currency EUR
Sector Morningstar Europe OE Global Flexible Bond - EUR Hedged
Benchmark No Benchmark
Year end 30-Jun
Valuation point 13:00
Pricing basis Single Priced
Fund status Open for new investment

A2 Acc EUR

Distribution type Accumulation Net
ISIN code LU0756065164
Lipper code 68163819
Valoren Code 18218719
Initial charge 5.00%
Annual charges 0.75%
Launch date 09/05/2012
Currency EUR
Performance FeeCertain classes within a fund may be able to charge a performance related management fee, which becomes payable when that class outperforms its performance fee benchmark and previous high watermark (where applicable).N/A
Minimum Lump Sum EUR2,500.00
Additional lump sum investment EUR500.00


Distribution type Accumulation Net
ISIN code LU0756065321
Lipper code 68163818
Valoren Code 18218722
Initial charge 5.00%
Annual charges 0.75%
Launch date 25/04/2012
Currency USD
Performance FeeCertain classes within a fund may be able to charge a performance related management fee, which becomes payable when that class outperforms its performance fee benchmark and previous high watermark (where applicable).N/A
Minimum Lump Sum USD2,500.00
Additional lump sum investment USD500.00
General risks
  • ​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 is not a guide to future performance.
  • ​For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • 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.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
Specific risks
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • The value of a bond or money market instrument may fall if the financial health of the issuer weakens, or the market believes it may weaken. This risk is greater the lower the credit quality of the bond.
  • Emerging markets are less established and more prone to political events than developed markets. This can mean both higher volatility and a greater risk of loss to the Fund than investing in more developed markets.
  • Changes in currency exchange rates may cause the value of your investment and any income from it to rise or fall.
  • If the Fund or a specific share class of the Fund seeks to reduce risks (such as exchange rate movements), the measures designed to do so may be ineffective, unavailable or detrimental.
  • 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. This risk is generally greater the longer the maturity of a bond investment.
  • Any security could become hard to value or to sell at a desired time and price, increasing the risk of investment losses.
  • Callable debt securities (securities whose issuers have the right to pay off the security’s principal before the maturity date), such as ABS or MBS, can be impacted from prepayment or extension of maturity. The value of your investment may fall as a result.
Specific risks

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