Janus Henderson Credit Alpha Fund

A Acc ISIN code: GB00B3KTJD38

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, or any other, time period and consequently your capital is at risk. The Fund invests mainly in bonds, derivatives (including credit default swaps), shares and other types of securities. The Fund may also invest in asset-backed securities, money market instruments and bank deposits. The Fund makes extensive use of derivatives to obtain or amplify exposure to various investments and may also use them for efficient portfolio management.

Overview

The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.

Potential investors must read the prospectus, and where relevant, the key investor information document before investing.

This website is for financial promotion purposes and is not investment advice.

ISIN code: GB00B3KTJD38A Acc Currency GBP NAV 0.5328 Change 0.0000% Price date 16/07/2019
 
ISIN code: GB00B630QF50A Acc EUR Hedged Currency EUR NAV 4.9188 Change 0.0000% Price date 16/07/2019
ISIN code: GB00B603K666A Acc USD Currency USD NAV 5.3494 Change 0.0000% Price date 16/07/2019
ISIN code: GB00B1WPDG66Y Acc Currency GBP NAV 1.1105 Change 0.0000% Price date 16/07/2019
ISIN code: GB00B62ZD611Y Acc EUR Currency EUR NAV 10.2893 Change 0.0000% Price date 16/07/2019
ISIN code: GB00B7Z5XY37Y Acc Gross USD Currency USD NAV
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Ratings and awards

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.

Discrete performance

Share classJun 2018 - Jun 2019Jun 2017 - Jun 2018Jun 2016 - Jun 2017Jun 2015 - Jun 2016Jun 2014 - Jun 2015
A Acc2.25%-0.15%-2.89%-4.79%0.07%
A Acc EUR Hedged0.95%-1.15%-3.77%-5.59%-0.39%
A Acc USD4.02%1.24%-2.19%-4.83%-0.16%
Y Acc2.88%0.37%-2.37%-4.35%0.44%
Y Acc EUR1.50%-0.56%-3.27%-5.07%0.03%
© Morningstar 2018. All rights reserved. NAV-NAV, net income reinvested where applicable.Source: Morningstar, based on market prices at close on the date shown. We are not responsible for the accuracy or completeness of the information supplied by Morningstar. We take care to ensure that the information provided by Morningstar is correct but we neither warrant, represent nor guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies therein. Prices may be subject to change, errors and omissions excepted. Annual return to 30/06/2019

Cumulative performance

Share class1 Year2 Years3 Years4 Years5 Years
A Acc2.47%2.29%-0.39%-5.36%-4.89%
A Acc EUR Hedged1.19%0.00%-3.47%-8.99%-9.33%
A Acc USD4.24%5.56%3.62%-1.50%-1.63%
Y Acc3.11%3.49%1.32%-3.18%-2.67%
Y Acc EUR1.71%1.12%-1.85%-6.98%-6.93%
© Morningstar 2019. All rights reserved. NAV-NAV, net income reinvested where applicable.Source: Morningstar, based on market prices at close on the date shown. We are not responsible for the accuracy or completeness of the information supplied by Morningstar. We take care to ensure that the information provided by Morningstar is correct but we neither warrant, represent nor guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies therein. Prices may be subject to change, errors and omissions excepted. Data as at 15/07/2019
Top 10 holdings
Geographic breakdown
Sector breakdown
Dividends
Key data
Asset class Fixed Income
Structure OEIC
Launch date 02/07/2007
Base currency GBP
Sector IA Targeted Absolute Return
Benchmark 3 Month LIBOR
Year end 31-Oct
Valuation point 12:00
Pricing basis Single Priced

A Acc

Distribution type Accumulation Gross
ISIN code GB00B3KTJD38
WKN Code A1H4AV
Valoren Code 11152544
Initial charge 5.00%
Annual charges 1.25%
Ongoing charge 1.42% (Data as at 31/10/2018)
Dividend pay dates 31-Dec, 30-Jun
XD dates 01-Nov, 01-May
Currency GBP
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).An indication of the historic performance fee payable can be found in the relevant KIID.20% (relative to the hurdle rate and high water mark)

A Acc EUR Hedged

Distribution type Accumulation Gross
ISIN code GB00B630QF50
WKN Code A1CX65
Valoren Code 11316408
Initial charge 5.00%
Annual charges 1.25%
Ongoing charge 1.42% (Data as at 31/10/2018)
Dividend pay dates 31-Dec, 30-Jun
XD dates 01-Nov, 01-May
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).An indication of the historic performance fee payable can be found in the relevant KIID.20% (relative to the hurdle rate and high water mark)

A Acc USD

Distribution type Accumulation Gross
ISIN code GB00B603K666
WKN Code A1CX66
Valoren Code 11316310
Initial charge 5.00%
Annual charges 1.25%
Ongoing charge 1.42% (Data as at 31/10/2018)
Dividend pay dates 31-Dec, 30-Jun
XD dates 01-Nov, 01-May
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).An indication of the historic performance fee payable can be found in the relevant KIID.20% (relative to the hurdle rate and high water mark)

Y Acc

Distribution type Accumulation Gross
ISIN code GB00B1WPDG66
WKN Code A1JM5Q
Valoren Code 11157793
Initial charge 2.00%
Annual charges 0.75%
Ongoing charge 0.82% (Data as at 31/10/2018)
Dividend pay dates 31-Dec, 30-Jun
XD dates 01-Nov, 01-May
Currency GBP
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).An indication of the historic performance fee payable can be found in the relevant KIID.20% (relative to the hurdle rate and high water mark)

Y Acc EUR

Distribution type Accumulation Gross
ISIN code GB00B62ZD611
WKN Code A1CX67
Valoren Code 11316402
Initial charge 2.00%
Annual charges 0.75%
Ongoing charge 0.82% (Data as at 31/10/2018)
Dividend pay dates 31-Dec, 30-Jun
XD dates 01-Nov, 01-May
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).An indication of the historic performance fee payable can be found in the relevant KIID.20% (relative to the hurdle rate and high water mark)

Y Acc Gross USD

Distribution type Accumulation Gross
ISIN code GB00B7Z5XY37
WKN Code A1T7DH
Valoren Code 18876992
Initial charge 2.00%
Annual charges 0.75%
Ongoing charge 0.82% (Data as at 31/10/2018)
Dividend pay dates 31-Dec, 30-Jun
XD dates 01-Nov, 01-May
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).An indication of the historic performance fee payable can be found in the relevant KIID.20% (relative to the hurdle rate and high water mark)

Manager(s)

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.
  • ​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.
Specific risks
  • This fund is designed to be used only as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this fund.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital to the Fund. If this happens or the market perceives this may happen, the value of the bond will fall.
  • The Fund may use derivatives towards the aim of achieving its investment objective. This can result in 'leverage', which can magnify an investment outcome and gains or losses to the Fund may be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • 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.
  • The Fund invests in high yield (non-investment grade) bonds and while these generally offer higher rates of interest than investment grade bonds, they are more speculative and more sensitive to adverse changes in market conditions.
  • 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.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, 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.
General information

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.

Before you invest

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