Janus Henderson Multi-Asset Core Income

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Expertly Mixed

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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).
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Regular Income
The funds aim to provide an attractive and competitive level of regular income, with three funds paying monthly income, one quarterly.
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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 Cheeseman

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.
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.
Emilie Latham

Trainee Analyst

Emilie Latham is a graduate on the UK-based Multi-Asset Team at Janus Henderson Investors, a position she has held since 2017.
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 corporateGlobal credit appears over-owned, offers little yield and is vulnerable to both rising interest rates and the end of quantitative easing.
UK giltsPositive data around rate-hikes and foreign selling have pushed yields higher, while Brexit uncertainty remains a headwind.
Global sovereignUpwards pressure remains on yields due to the unwinding of quantitative easing, tightening monetary policy conditions and lower growth expectations.
Emerging market debtCountry-specific and trade war risks have led to negative returns while yields on hard currency debt present a good entry-point at attractive spreads.
High yieldSpreads have further compressed in the US despite tightening credit conditions and the ending of quantitative easing.
 OutlookComments
UKThe UK market appears attractively valued, as do dividend yields. However, Brexit-related uncertainty continues to weigh on investor sentiment.
EuropePolitical uncertainty will continue to cloud the market outlook but we remain constructive owing to attractive valuations and the composition of the market.
USEconomic data and the markets reflect persistent positive momentum, but share price valuations remain high as monetary stimulus fades.
JapanThe Japanese market has proved itself resilient to escalating trade tensions, while Abe’s re-election provides further support.
AsiaWhile trade tensions have been a headwind to the region, share price valuations and corporate earnings remain constructive.
Global emerging marketsIdiosyncratic risks and a strong dollar have provoked outflows, but sentiment seems bearish in light of attractive share price valuations.
 OutlookComments
£/$Brexit-related volatility plagues the UK, while a building debt burden and trade war concerns dampen dollar bullishness.
£/€Political developments seem likely to continue to drive headlines and market moves on both sides of the Channel.
£/¥Risk sentiment is likely to affect the yen, while Brexit drives news flow and Japanese monetary expansion continues in the background.
 OutlookComments
PropertyProperty appears expensive and typically struggles in a rising interest rate environment. However, yields remain higher than many asset classes.
GoldReturns have been weak amid dollar strength, but gold remains a useful hedge in light of geopolitical uncertainty.
OilThe losses from sources such as Iran, Libya or Venezuela have offset the rising output from OPEC in an effort to balance supply and demand.

Positive Up icon   Neutral Neutral icon   Negative Down icon

Source: Janus Henderson at 30 June 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
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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:Podcasts

Podcasts

Listen to our podcast series on Multi-Asset.

How to generate income in multi-asset funds
31/07/2018
Dean Cheeseman, fund manager in Janus Henderson's UK-based multi-asset team, and Darius McDermott, managing director for Chelsea Financial Services, spoke with FTAdviser about the sort of strategies being used to generate income.
How to ensure multi-asset fund sustainability
11/07/2018
Listen to Nick Watson, fund manager and Abhimany Chatterjee, Dynamic Planner's principal investment analyst, discuss Multi-Asset fund sustainability, in collaboration with FTAdviser.
How to manage risk in multi-asset portfolios
11/07/2018
Paul O'Connor, Head of Janus Henderson's UK-based multi-asset team, and Professor Andrew Clare, associate dean at Cass Business School, discuss the tricky issue of managing risk in multi-asset portfolios.
How to ensure multi-asset funds are suitable for clients
11/07/2018
Nick Watson, fund manager on the UK-based multi-asset team at Janus Henderson, and Amandine Thierree, portfolio manager at FE, talked with FTAdviser about how can advisers be sure their clients are getting the most suitable portfolio for their needs.

Information correct as at the time of recording. These are the views of the author at the time of publication and may differ from the views of other individuals/teams at Janus Henderson Investors. Any securities, funds, sectors, stocks and indices mentioned within these recordings do not constitute or form part of any offer or solicitation to buy or sell them. Past performance is not a guide to future performance. 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. The information in these recordings does not qualify as an investment recommendation.

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 June 2018
    Janus Henderson Retail Quarterly Report June 2018
  • Janus Henderson Professional Quarterly Core Report
    Janus Henderson Professional Quarterly Core Report
  • RSMR Janus Henderson Multi-Asset Core Income Fund Range
    RSMR Janus Henderson Multi-Asset Core Income Fund Range
  • Janus Henderson Managed Solutions Brochure
    Janus Henderson Managed Solutions Brochure
  • 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 June 2018
Title
play_circle_outlineJanus Henderson Professional Quarterly Core Report
Title
play_circle_outlineRSMR Janus Henderson Multi-Asset Core Income Fund Range
Title
play_circle_outlineJanus Henderson Managed Solutions Brochure
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.

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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.