Janus Henderson UK Property PAIF Feeder Fund

A Acc ISIN code: GB00BYP82B13

Investment objective

To achieve a high income together with some growth of both income & capital through investment solely in shares of the Janus Henderson UK Property PAIF. The Fund may also hold cash or near cash only where necessary to meet redemption requirements.

Overview

About the feeder fund

The Janus Henderson UK Property PAIF Feeder Fund is a unit trust for those investors who cannot, or do not wish to, invest directly in the Janus Henderson UK Property PAIF. The Feeder Fund solely invests in shares in the PAIF and should therefore broadly perform in line with the PAIF. Further information on the PAIF, fund literature and manager updates can be found on the main UK Property PAIF fund page.

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: GB00BYP82B13A Acc Currency GBP Bid 2.3554 Offer 2.4772 Change 0.0200% Price date 23/08/2019
 
ISIN code: GB00BYP82996A Inc Currency GBP Bid 1.0183 Offer 1.0709 Change 0.0200% Price date 23/08/2019
ISIN code: GB00BJ0LGS54E Acc Currency GBP Bid 2.3569 Offer 2.4787 Change 0.0100% Price date 23/08/2019
ISIN code: GB00BJ0LGT61E Inc Currency GBP Bid 1.0189 Offer 1.0715 Change 0.0100% Price date 23/08/2019

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 and Cumulative Performance

For fund performance, please refer to the factsheet.

Top 10 holdings
Geographic breakdown
Sector breakdown
Dividends
Key data
Asset class Property
Structure Unit Trust
Launch date 27/05/2016
Base currency GBP
Sector -
Benchmark -
Year end 31-May
Valuation point 12:00
Pricing basis Dual Priced

Peer Group Benchmark - IA UK Direct Property | Peer group benchmark usage - Comparator

Peer group description: The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.


A Acc

Distribution type Accumulation Net
ISIN code GB00BYP82B13
Initial charge 0.00%
Annual charges 1.5%
Dividend pay dates 31-Jul, 31-Oct, 31-Jan, 30-Apr
XD dates 01-Jun, 01-Sep, 01-Dec, 01-Mar
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.N/A

A Inc

Distribution type Income Net
ISIN code GB00BYP82996
Initial charge 0.00%
Annual charges 1.5%
Dividend pay dates 31-Jul, 31-Oct, 31-Jan, 30-Apr
XD dates 01-Jun, 01-Sep, 01-Dec, 01-Mar
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.N/A

E Acc

Distribution type Accumulation
ISIN code GB00BJ0LGS54
Initial charge 5.00%
Annual charges 1
Dividend pay dates 31-Jul, 31-Oct, 31-Jan, 30-Apr
XD dates 01-Jun, 01-Sep, 01-Dec, 01-Mar
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.N/A

E Inc

Distribution type Income
ISIN code GB00BJ0LGT61
Initial charge 5.00%
Annual charges 1
Dividend pay dates 31-Jul, 31-Oct, 31-Jan, 30-Apr
XD dates 01-Jun, 01-Sep, 01-Dec, 01-Mar
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.N/A
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 dual priced. The price at which you buy shares/units in the fund will incorporate the transaction costs incurred in buying physical properties. When you sell shares/units in the Fund the price you sell at incorporates the transaction costs incurred in selling physical properties. The difference between these prices is called the ‘spread'. This spread is currently c. 5% and reflects the high transaction costs of buying and selling commercial property. Typically the buying price of an individual commercial property can be 7-8% higher than the selling price. The spread of the Fund is not fixed and may vary over time depending on the composition of the Fund.
  • Some or all of the Annual Management Charge and other costs of the Fund may be taken from capital, which may erode capital or reduce potential for capital growth.
  • 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 with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • 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 contains assets which may be hard to value or sell at the time and price intended. In particular, property investments may take a considerable time to sell. When many investors want to sell their shares, the Fund may have to delay processing requests so that certain assets or properties can be sold first. This is known as deferring redemptions.
  • The Fund's value may fall where it has concentrated exposure to a particular industry that is heavily affected by an adverse event.
  • Valuations are determined by independent property experts. The valuation of property is generally a matter of valuer's opinion. The amount raised when a property is sold may be less than the valuation.
  • Tenants in the Fund's properties may become unable to pay their rent. As a result, the Fund's income may be impacted and further costs incurred.
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

Share class:

Key documents

Announcements

Important message