Janus Henderson European Absolute Return Fund

A Acc ISIN code: GB00B3CPX151

Investment objective

The Fund aims to achieve a positive absolute return in excess of the UK base interest rate, after charges (but before the deduction of any performance fees) over the long-term (rolling 3 year periods) regardless of market conditions. 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 particularly over the short term the Fund may experience periods of negative returns. Consequently your capital is in fact at risk. The Fund invests primarily in shares or derivatives of shares of companies with their registered office in or which do most of their business (directly or through subsidiaries) in Europe (including UK). The Fund takes long positions on shares it believes are promising (meaning that the Fund will gain to the extent these share prices may rise) and takes short positions in shares it believes are likely to decline in price (meaning the Fund will gain to the extent these share prices fall). At any time, all or a substantial proportion of the assets may consist of cash and near cash securities. The Fund makes extensive use of investment techniques, particularly those that involve derivatives, to obtain both its long and short investment exposure.

Overview

Please note: the fund may invest up to 20% in shares or derivatives of shares of companies outside Europe.

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

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.

Classifications

Risk rating

ISIN code: GB00B3CPX151A Acc Currency GBP NAV 1.5780 Change 0.1300% Price date 23/08/2019
 
ISIN code: GB00BJ0LFD37E Acc Currency GBP NAV 1.5800 Change 0.1900% Price date 23/08/2019

Ratings and awards

Investment Week - Europe
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 and Cumulative Performance

For fund performance, please refer to the factsheet.

Top 10 holdings
Geographic breakdown
Sector breakdown
Dividends
Key data
Asset class Equities
Structure OEIC
Launch date 26/01/2009
Base currency GBP
Sector -
Benchmark -
Year end 31-May
Valuation point 12:00
Capacity limit 385,000,000 Limited Issue Shares
Pricing basis Single Priced
Fund status Open for new investment

Index Benchmark - UK Base Interest Rate | Index usage - Target & Comparator

Index description: The UK Base Interest Rate is the interest rate set by the Bank of England. It is the performance target of the Fund and it provides a useful comparison against which the Fund's performance can be assessed over time.


A Acc

Distribution type Accumulation Net
ISIN code GB00B3CPX151
Valoren Code 2135770
Initial charge 5.00%
Annual charges 1.50%
Ongoing charge 1.73% (Data as at 30/11/2018)
Dividend pay dates 31-Jul, 30-Jan
XD dates 01-Jun, 01-Dec
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% (with high water mark)

E Acc

Distribution type Accumulation
ISIN code GB00BJ0LFD37
Initial charge 5.00%
Annual charges 1
Ongoing charge 0.00% (Data as at 30/11/2018)
Dividend pay dates 31-Jul, 30-Jan
XD dates 01-Jun, 01-Dec
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% (with high water mark)
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.
  • ​If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.
  • 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.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • 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.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • 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.
  • 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.
  • The Fund involves a high level of buying and selling activity and as such will incur a higher level of transaction costs than a fund that trades less frequently. These transaction costs are in addition to the Fund's Ongoing Charges.
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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