Janus Henderson Multi-Asset Core Income

ExpertlyMixed

skip introdon't show again

Expertly Mixed

album
Risk-Targeted Funds
Each of the funds aims to remain within pre-set forecast volatility parameters, as measured by Distribution Technology (an independent risk profiling firm).
repeat
Regular Income
The funds aim to provide an attractive and competitive level of regular income, with three funds paying monthly income, one quarterly.
shuffle
Diversification Benefits
Offers exposure to a variety of asset classes, regions, sectors, and styles. This approach aims to spread risk and reduce the impact of market fluctuations.

Multi-Asset Core Income is a range of actively managed, lower cost, risk-targeted, income-seeking funds. The managers expertly mix assets from across the global market spectrum, aiming to diversify sources of income and returns.

Up next:Meet the team

Meet the team

Janus Henderson's UK-based Multi-Asset Team has a ten-year track record of successfully managing multi-manager/multi-asset portfolios. They have considerable expertise across all areas vital to this type of investing: asset allocation (strategic and dynamic), quantitative and qualitative analysis, manager and instrument selection, as well as in-depth knowledge of both traditional and alternative assets.

Paul O'Connor

Head of Multi-Asset, UK

Paul O’Connor is Head of the UK based Multi-Asset Team at Janus Henderson Investors where he focuses on asset allocation. He is also a Fund Manager of the Multi-Asset and International Opportunities strategies and is a member of the Fixed Income Investment Strategy Group.
Dean Cheesman

Fund Manager

Dean Cheeseman is a Portfolio Manager on the UK-based Multi-Asset Team at Janus Henderson Investors, a position he has held since 2017.
Nick Watson

Fund Manager

Nick Watson is a Fund Manager on the UK-based Multi-Asset Team at Janus Henderson Investors, a position he has held, as part of the Henderson team, since 2012.
James de Bunsen

Fund Manager

James de Bunsen is a Portfolio Manager on Janus Henderson Investors' UK-based Multi-Asset Team, a position he has held since joining Henderson in 2013. In this role, James focuses on alternative asset classes and strategies.
Ian Barrass

Fund Manager

Ian Barrass is a Fund Manager within Janus Henderson Investors' UK-based Multi-Asset Team, a position he has held, as a member of the Henderson team, since 2014 with a particular focus on alternative and specialist funds.
Nick Harper

Fund Manager

Nick Harper is a Fund Manager on the UK-based Multi-Asset Team at Janus Henderson Investors, a position he has held since 2017. Nick joined Henderson in 2015 as a quantitative risk manager.
Peter Webster

Fund Manager

Peter Webster is a Fund Manager on the UK-based Multi-Asset Team at Janus Henderson Investors, a position he has held, as part of the Henderson team, since 2014. Peter joined Henderson in 2009 as a performance analyst.
Oliver Blackbourn

Fund Manager

Oliver Blackbourn is a Fund Manager on the UK-based Multi-Asset Team at Janus Henderson Investors, a position he has held since 2017.
Bradley Hounsom

Analyst

Bradley Hounsom is a Fund Analyst at Janus Henderson Investors. Bradley joined Henderson following the acquisition of New Star Asset Management Ltd. in 2009.
Up next:Asset allocation dashboard

Asset allocation dashboard

The team uses both internal and external research to construct views on the outlook for different asset classes and major world markets. Marrying quantitative with qualitative analysis, the team processes a wide range of information from brokers, market data providers, economists and other professionals to determine both strategic and dynamic allocation views. Monetary policy developments, cyclical factors, and positioning and sentiment indicators belong to a 'dashboard' that the team continuously monitor.

Up next:Snapshot overview

Snapshot overview

Each quarter, the team publish a snapshot overview of their current outlook for major asset classes and regions.

 OutlookComments
Global corporateLow yields, compressed spreads and vulnerability to both rising interest rates and the end of QE make this asset class less attractive in our view.
UK giltsSofter UK economic data has been driving yields lower despite a breakthrough in Brexit negotiations. However, gilts have outperformed relative to other developed market government bonds.
Global sovereignSovereigns are negatively correlated to sustained economic global growth momentum, the end of QE and interest rate pressures across developed economies.
Emerging market debtThe asset class has seen good inflows amid positive political and economic developments. Strength of local currency debt has led us to increase our exposure to hard currency debt following recent volatility and dollar weakness.
High yieldDespite stretched valuations, the high carry makes high yield attractive in the credit space. This is supported by strong economic growth and less sensitivity to rising interest rates.
 OutlookComments
UKDespite a market that seems attractively valued, investor outflows continue to persist due to abating macroeconomic indicators and Brexit-related uncertainty.
EuropeThe cyclical tilt of this market should take full advantage of the global growth trend. However, amid some disappointing economic data points we are closely monitoring the upcoming earnings season results.
USWhile there is some positive momentum, valuations remain stretched and the potential impact of Trump's protectionist trade stance remains difficult to quantify.
JapanEarnings have been particularly strong and the market remains undervalued in our view. However, we remain cautious on the impact of US trade developments.
AsiaThe region is at risk of disruption owing to high trade exposure to the US. However, sentiment remains positive and earnings are strong.
Global emerging marketsWe continue to see positive flows and good valuations. US trade tariffs should have limited impact on the region's growth momentum, although we are monitoring these closely.
 OutlookComments
£/$Softening economic indicators and Brexit-related volatility plague the UK, while twin deficits and political risk weigh on the dollar.
£/€Some political uncertainty is likely to persist in the Eurozone. Brexit negotiations will continue to dominate the headlines despite the recently struck transition deal.
£/¥Amid positive news flow on developments in the Korean Peninsula, yen strength is unlikely to persevere while sterling will have to navigate weakening economic data and Brexit developments.
 OutlookComments
PropertyProperty appears expensive and typically struggles in a rising interest rate environment. However, yields remain higher than many asset classes.
GoldGold has effectively hedged against recent market volatility and remains a useful asset to hold should geopolitical uncertainty persist.
OilFlaring geopolitical tensions and stabilising US shale supply are helping maintain oil prices at high levels but we remain cautious on the asset class.

Positive Up icon   Neutral Neutral icon   Negative Down icon

Source: Janus Henderson at 31 March 2018. These comments reflect the views of Janus Henderson's UK-based Multi-Asset Team and should not be construed as investment advice. They do not represent a Janus Henderson house view; views may differ from other managers at Janus Henderson.

Up next:Explore our Core Income Funds

Explore our Core Income Funds

Use our handy tool to experiment with the asset mix and discover which of our funds is the closest match.

Janus Henderson
Core 3
Income Fund
Click to
find out more
Monthly income yield
3.5%*
Find out morezoom_in
Janus Henderson
Core 4
Income Fund
Click to
find out more
Monthly income yield
3.9%*
Find out morezoom_in
Janus Henderson
Core 5
Income Fund
Click to
find out more
Monthly income yield
4.1%*
Find out morezoom_in
Janus Henderson
Core 6
Income & Growth Fund
Click to
find out more
Quarterly income yield
4.0%*
Find out morezoom_in

Yields and volatility parameters are correct as at 31 December 2017. Yields may vary and are not guaranteed. Past performance is not a guide to future performance. The Janus Henderson Core Income Funds aim to be available at a lower cost than traditional multi-manager products. We have therefore capped our ongoing charges figure (OCF) at 0.75% across the fund range (as at 31 December 2017. OCF may vary over time). These funds are designed to be bought by advised clients only. This website is for financial promotion purposes only.

Equities
(%)
60
20
Fixed
Income (%)
60
20
Alternatives
(%)
20
10
Cash
(%)
20
5
Total 0%
Move the sliders to experiment with the asset mix until the allocation reaches 100%. Find the Core Fund that matches your current asset allocation.
Janus Henderson
Core 3
Income Fund
Monthly income yield
3.5%*
Volatility range
4.2%
6.3%
Janus Henderson
Core 4
Income Fund
Monthly income yield
3.9%*
Volatility range
6.3%
8.4%
Janus Henderson
Core 5
Income Fund
Monthly income yield
4.1%*
Volatility range
8.4%
10.5%
Janus Henderson
Core 6
Income & Growth Fund
Quarterly income yield
4.0%*
Volatility range
10.5%
12.6%

For illustrative purposes only. Use of this tool does not constitute an investment recommendation. The Janus Henderson Core Income Funds must be bought in conjunction with an attitude to risk tool as part of the financial advice process. These funds are therefore designed to be bought by advised clients only. Potential investors must read the prospectus and key investor information document before investing. Yields and volatility parameters are correct as at 31 December 2017. Yields may vary and are not guaranteed. Volatility parameters and risk profiles are as defined by Dynamic Planner © Distribution Technology. Performance is source: © Morningstar as at 31 December 2017, I Inc Share Class. All rights reserved. NAV-NAV, net income reinvested. Past performance is not a guide to future performance. These funds are designed to be bought by advised clients only. This website is for financial promotion purposes only.

Up next:Sample our expert views

Sample our expert views

Central to our Knowledge. Shared approach is making the intellectual capital of our investment teams and subject matter experts available to our clients. Click to explore the Multi-Asset Team’s views on key topics that are shaping their investment strategy.

Up next:Download essential fund documents

Download essential fund documents

Scroll through and create your own document pack to download and print.

  • Janus Henderson Multi-Asset Core Investment Process
    Janus Henderson Multi-Asset Core Investment Process
  • Janus Henderson Multi-Asset Core Income Fund Profile
    Janus Henderson Multi-Asset Core Income Fund Profile
  • Janus Henderson Core Your Dynamic Planner Risk Profile Explained
    Janus Henderson Core Your Dynamic Planner Risk Profile Explained
  • A Simple Guide to Volatility
    A Simple Guide to Volatility
  • Janus Henderson A5 Core snapshot quarterly brochure
    Janus Henderson A5 Core snapshot quarterly brochure
  • Janus Henderson Retail quarterly report December 2017
    Janus Henderson Retail quarterly report December 2017
  • Janus Henderson professional quarterly Core report December 2017
    Janus Henderson professional quarterly Core report December 2017
  • A Simple Guide to Risk Profiling
    A Simple Guide to Risk Profiling
Title
play_circle_outlineJanus Henderson Multi-Asset Core Investment Process
Title
play_circle_outlineJanus Henderson Multi-Asset Core Income Fund Profile
Title
play_circle_outlineJanus Henderson Core Your Dynamic Planner Risk Profile Explained
Title
play_circle_outlineA Simple Guide to Volatility
Title
play_circle_outlineJanus Henderson A5 Core snapshot quarterly brochure
Title
play_circle_outlineJanus Henderson Retail quarterly report December 2017
Title
play_circle_outlineJanus Henderson professional quarterly Core report December 2017
Title
play_circle_outlineA Simple Guide to Risk Profiling
Up next:View our managed solutions

View our managed solutions

At Janus Henderson, we understand that allocating time and resources to research solutions can be challenging. We have the resources, expertise, and track record to actively manage multi-asset investments through a variety of risk targeted and risk rated funds. Crucially, this gives you more time to spend with your clients.

Our managed solutions comprise the Janus Henderson Multi-Asset Core Income range of funds, the Janus Henderson Multi-Manager product range, and the Janus Henderson Cautious Managed Fund.

Up next:Contact our sales team

Contact our sales team

Sam Mettrick

Head of UK Advisory Sales

07771 556547

sam.mettrick@janushenderson.com

Maria Mealing

Associate Director

07770 855628

maria.mealing@janushenderson.com

Paul Dagger

Associate Director

07785 560126

paul.dagger@janushenderson.com

Richard Turner

Associate Director

07515 596988

richard.turner@janushenderson.com

Derek Bryden

Associate Director

07714 415412

derek.bryden@janushenderson.com

David Watts

Associate Director

07714 415245

david.watts@janushenderson.com

Matthew Evans

Head of Business Development Managers

020 7818 6421

matthew.evans@janushenderson.com

David Firth

Business Development Manager

020 7818 6341

david.firth@janushenderson.com

Lucy Ring

Business Development Manager

020 7818 4294

lucy.ring@janushenderson.com

Robert Willson

Business Development Manager

020 7818 6006

robert.willson@janushenderson.com

Northern England, Northern Ireland & Scotland
South West, Channel Islands & Republic of Ireland
Midlands & East Anglia
London & Greater London
South East
Up next:Important information

These funds are designed to be bought by advised clients only. Potential investors must read the prospectus and key investor information document before investing. This website is for financial promotion purposes and is not investment advice.

Feedback - Your opinion matters to us, support@janushenderson.com.

Legal information | Privacy policy | Security information | Careers

This website is intended solely for the use of professionals, defined as Eligible Counterparties or Professional Clients, and is not for general public distribution. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.

Cookies: The Janus Henderson Investors website uses cookies to remember your preferences and to help us to improve the site through the use of web analytics. By continuing without changing your cookie settings we will assume that you are happy to receive cookies for these two purposes. For full details on how to manage our cookies and how we use them, please see the cookies section within our privacy policy.

Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which Janus Capital International Limited (reg no. 3594615), Henderson Global Investors Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), AlphaGen Capital Limited (reg. no. 962757), Henderson Equity Partners Limited (reg. no.2606646), (each incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE) are authorised and regulated by the Financial Conduct Authority to provide investment products and services.

We may record telephone calls for our mutual protection, to improve customer service and for regulatory record keeping purposes.

© 2018, Janus Henderson Investors. The name Janus Henderson Investors includes HGI Group Limited, Henderson Global Investors (Brand Management) Sarl and Janus International Holding LLC.

  • ​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.
  • ​You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Some or all of the annual management charge is taken from capital. This may constrain potential for capital growth.
  • The funds may invest in other funds, which may increase losses due to investment in risky assets such as property or commodities, restrictions on withdrawals, less strict regulation and use of derivatives.
  • Derivatives use exposes the funds to risks different from, and potentially greater than, the risks associated with investing directly in securities and may therefore result in additional loss, which could be significantly greater than the cost of the derivative.
  • Changes in currency exchange rates may cause the value of your investment and any income from it to rise or fall.
  • Certain funds are able to invest in shares issued by investment trust companies, including split capital investment trusts. The level of risk depends on both the share class and prevailing market conditions. Moreover, many split capital investment trusts use gearing (borrowing) which can lead to considerable volatility in their asset values and share prices. This can increase the level of risk compared with those that do not have a split capital structure and those that do not employ gearing. In certain market conditions some split capital investment trusts can lose their value.
  • Leverage arises from entering into contracts or derivatives whose terms have the effect of magnifying an outcome, meaning profits and losses from investment can be greater.
  • The funds aims to stay within their individual predetermined volatility parameters over a rolling period of at least 5 years. However, the funds may move outside their parameters if considered beneficial to investment performance or with the aim of preserving capital. Managing volatility will be prioritised over income generation.

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. View the portfolio transaction costs across the Henderson UK Fund range.