Janus Henderson UK Absolute Return Fund

A Acc ISIN code: GB00B5KKCS68

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 will typically invest at least 60% in shares or derivatives of UK companies . The Fund takes long positions on shares it believes will rise and short positions in shares it believes will fall. A substantial proportion of the Fund's assets may at any time consist of cash and near cash. The Fund may also invest up to 40% in shares or derivatives of companies outside of the UK. The Fund makes extensive use of derivatives to obtain both its long and short investment exposure.

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: GB00B5KKCS68A Acc Currency GBP NAV 1.5500 Change 0.1300% Price date 17/06/2019

Ratings and awards

Fund Calibre - Elite Fund
Investment Week - Absolute Return
Morningstar OBSR Bronze
Portfolio Platinum - Absolute return
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 classMar 2018 - Mar 2019Mar 2017 - Mar 2018Mar 2016 - Mar 2017Mar 2015 - Mar 2016Mar 2014 - Mar 2015
A Acc-0.13%0.39%1.44%5.01%6.98%
© 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 31/03/2019

Cumulative performance

Share class1 Year2 Years3 Years4 Years5 Years
A Acc-2.33%-1.84%2.18%4.88%12.50%
© 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 14/06/2019
Top 10 holdings
Geographic breakdown
Sector breakdown
Dividends
Key data
Asset class Equities
Structure OEIC
Launch date 14/04/2009
Base currency GBP
Sector IA Targeted Absolute Return
Benchmark Performance Fee Hurdle UK Base Rate
Year end 31-May
Valuation point 12:00
Pricing basis Single Priced
Fund status Open for new investment

A Acc

Distribution type Accumulation Net
ISIN code GB00B5KKCS68
WKN Code A1J6JZ
Valoren Code 10173353
Initial charge 5.00%
Annual charges 1.50%
Ongoing charge 1.69% (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% (relative to the hurdle rate and high water mark)
Hurdle rate Performance Fee Hurdle Bank of England Base Rate
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 may invest up to 40% in shares or derivatives of shares of companies outside the UK
  • 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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