Janus Henderson United Kingdom Absolute Return Fund

B$ Acc (hedged) ISIN code: LU0995140430

Investment objective

The Fund aims to achieve a positive absolute return over the long term regardless of market conditions, though a positive absolute return is not guaranteed over any time period. The Fund will typically invest at least 60% of its total assets, by taking long and short positions, in equities or equity related derivative contracts of: - companies having their registered office in the United Kingdom; and - companies that do not have their registered office in the United Kingdom but either (i) carry out a predominant proportion of their business activity in these markets, or (ii) are holding companies which predominantly own companies with registered offices in the United Kingdom, or (iii) are listed on the London Stock Exchange. In addition, in seeking to implement the Fund's investment strategy, manage market exposure and ensure that the Fund remains sufficiently liquid to cover obligations arising from its derivative positions, a substantial proportion of the Fund’s assets may at any time consist of cash, near cash, deposits and/or Money Market Instruments. The Fund will invest in companies of any market capitalisation. Long positions may be held through a combination of direct investment and/or derivative instruments, and short positions will be held through derivative positions, including but not limited to swaps and futures. The use of derivatives forms an important part of the investment strategy. The Fund may also invest at the Investment Manager’s discretion in other Transferable Securities, derivative instruments and collective investment schemes.

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: LU0995140430B$ Acc (hedged) Currency USD NAV 5.1390 Change 0.4300% Price date 12/12/2018
 
ISIN code: LU0995139341H$ Acc (hedged) Currency USD NAV 5.8814 Change 0.4300% Price date 12/12/2018
ISIN code: LU0995139184H£ Acc Currency GBP NAV 5.7610 Change 0.4100% Price date 12/12/2018
ISIN code: LU1432398888H£ Dist Currency GBP NAV 5.1647 Change 0.4100% Price date 12/12/2018
ISIN code: LU0995139267H€ Acc (hedged) Currency EUR NAV 5.5585 Change 0.4100% Price date 12/12/2018
ISIN code: LU1377839755HCHF Acc (hedged) Currency CHF NAV 4.9077 Change 0.4200% Price date 12/12/2018
ISIN code: LU0953998514R$ Acc (hedged) Currency USD NAV 5.7986 Change 0.4300% Price date 12/12/2018
ISIN code: LU0200083342R£ Acc Currency GBP NAV 2.9679 Change 0.4100% Price date 12/12/2018
ISIN code: LU0490786174R€ Acc (hedged) Currency EUR NAV 6.7826 Change 0.4100% Price date 12/12/2018
ISIN code: LU1377839839RCHF Acc (hedged) Currency CHF NAV 4.8486 Change 0.4100% Price date 12/12/2018

Ratings and awards

Morningstar OBSR Bronze
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.

Past performance is not a guide to future performance. Performance is shown on a Net Asset Value (NAV) basis with net income reinvested where applicable.

Discrete performance

Share classSep 2017 - Sep 2018Sep 2016 - Sep 2017Sep 2015 - Sep 2016Sep 2014 - Sep 2015Sep 2013 - Sep 2014
B$ Acc (hedged)1.33%2.30%---
H$ Acc (hedged)2.19%3.16%5.31%6.02%-
H£ Acc0.78%2.32%5.14%6.41%5.25%
H£ Dist0.80%2.32%---
H€ Acc (hedged)-0.20%1.52%4.33%5.76%4.91%
HCHF Acc (hedged)-0.52%1.18%---
R$ Acc (hedged)1.76%2.74%4.77%5.57%-
R£ Acc0.37%1.94%4.74%5.91%4.94%
R€ Acc (hedged)-0.59%1.17%3.87%5.35%4.63%
RCHF Acc (hedged)-0.98%0.85%---
© Morningstar 2018. All rights reserved. NAV-NAV, gross 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 30/09/2018

Cumulative performance

Share classLast monthYTD1 Year3 YearsSince inception
B$ Acc (hedged)-1.07-2.12%-1.92%-2.78%
H$ Acc (hedged)-0.99-1.29%-1.05%6.20%18.53%
H£ Acc-1.15-2.65%-2.57%3.30%51.45%
H£ Dist-1.15-2.63%-2.55%-3.29%
H€ Acc (hedged)-1.23-3.64%-3.62%0.57%38.29%
HCHF Acc (hedged)-1.24-3.90%-3.92%--1.85%
R$ Acc (hedged)-1.03-1.71%-1.49%4.78%15.97%
R£ Acc-1.20-3.05%-2.99%2.09%435.72%
R€ Acc (hedged)-1.27-4.01%-4.01%-0.58%35.65%
RCHF Acc (hedged)-1.28-4.36%-4.40%--3.03%
© Morningstar 2018. All rights reserved. NAV-NAV, gross 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 12/12/2018
Top 10 holdings
Geographic breakdown
Sector breakdown
Dividends
Key data
Asset class Equities
Structure SICAV
Launch date 24/03/2005
Base currency GBP
Sector Morningstar Europe OE Alt - Long/Short Equity - UK
Benchmark No Benchmark
Year end 30-Sep
Valuation point 23:59
Pricing basis Single Priced
Fund status Open for new investment

B$ Acc (hedged)

Distribution type Accumulation Net
ISIN code LU0995140430
WKN Code A1W9UL
Valoren Code 23143298
Initial charge 5.00%
Annual charges 1.50%
Launch date 25/04/2016
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)
Hurdle rate US Federal Funds Rate
Minimum Lump Sum USD2,500.00
Additional lump sum investment USD500.00

H$ Acc (hedged)

Distribution type Accumulation Net
ISIN code LU0995139341
Lipper code 68247117
WKN Code A14S52
Valoren Code 22898637
Initial charge 5.00%
Annual charges 1.00%
Launch date 30/01/2014
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)
Hurdle rate US Federal Funds Rate
Minimum Lump Sum USD750,000.00
Additional lump sum investment USD2,500.00

H£ Acc

Distribution type Accumulation Net
ISIN code LU0995139184
Lipper code 68247116
WKN Code A2JDBA
Valoren Code 22898635
Initial charge 5.00%
Annual charges 1.00%
Launch date 30/01/2014
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 Bank of England Base Rate
Minimum Lump Sum GBP550,000.00
Additional lump sum investment GBP2,000.00

H£ Dist

Distribution type Income Net
ISIN code LU1432398888
WKN Code A2JDBB
Valoren Code 33119319
Initial charge 5.00%
Annual charges 1.00%
Launch date 27/06/2016
Dividend pay dates Within 6 weeks of the financial year end
XD dates 01-Oct
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 Bank of England Base Rate
Minimum Lump Sum GBP550,000.00
Additional lump sum investment GBP2,000.00

H€ Acc (hedged)

Distribution type Accumulation Net
ISIN code LU0995139267
Lipper code 68247112
WKN Code A2AFQ8
Valoren Code 22898638
Initial charge 5.00%
Annual charges 1.00%
Launch date 30/01/2014
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)
Hurdle rate Euro Main Refinancing Rate
Minimum Lump Sum EUR750,000.00
Additional lump sum investment EUR2,500.00

HCHF Acc (hedged)

Distribution type Accumulation Net
ISIN code LU1377839755
Valoren Code 31859898
Initial charge 5.00%
Annual charges 1.00%
Launch date 31/03/2016
Currency CHF
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 Swiss National Bank Base Rate
Minimum Lump Sum CHF750,000.00
Additional lump sum investment CHF2,500.00

R$ Acc (hedged)

Distribution type Accumulation Net
ISIN code LU0953998514
Lipper code 68236711
WKN Code A1W36T
Valoren Code 22068178
Initial charge 5.00%
Annual charges 1.50%
Launch date 31/10/2013
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)
Hurdle rate US Federal Funds Rate
Minimum Lump Sum USD2,500.00
Additional lump sum investment USD500.00

R£ Acc

Distribution type Accumulation Net
ISIN code LU0200083342
Lipper code 60101812
WKN Code A0DNFC
Valoren Code 1974466
Initial charge 5.00%
Annual charges 1.50%
Launch date 24/03/2005
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 Bank of England Base Rate
Minimum Lump Sum GBP2,000.00
Additional lump sum investment GBP500.00

R€ Acc (hedged)

Distribution type Accumulation Net
ISIN code LU0490786174
Lipper code B60BK15
WKN Code A1CTUG
Valoren Code 11164909
Initial charge 5.00%
Annual charges 1.50%
Launch date 01/06/2010
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)
Hurdle rate Euro Main Refinancing Rate
Minimum Lump Sum EUR2,500.00
Additional lump sum investment EUR500.00

RCHF Acc (hedged)

Distribution type Accumulation Net
ISIN code LU1377839839
WKN Code A2AF5S
Valoren Code 31859930
Initial charge 5.00%
Annual charges 1.50%
Launch date 31/03/2016
Currency CHF
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 Swiss National Bank Base Rate
Minimum Lump Sum CHF2,500.00
Additional lump sum investment CHF500.00
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
  • The fund may invest up to 40% in shares or derivatives of share of companies outside the UK
  • Investment management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
  • 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.
  • 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.
  • Derivatives use exposes the Fund 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.
  • 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 involves a high level of buying and selling activity and as such will incur a higher level of trading costs than a fund that trades less frequently.
  • 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.
  • Any security could become hard to value or to sell at a desired time and price, increasing the risk of investment losses.
General information

Before you invest

Share class:

Announcements

Important message