Janus Henderson Investors China Opportunities Class I Acc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -2.9% | 34.1% | -25.1% | -8.9% | -20.2% |
| Sector | -0.2% | 40.9% | -21.5% | -3.6% | -20.7% |
| Rank | 25/47 | 42/53 | 33/58 | 46/63 | 40/67 |
| Quartile | 3 | 4 | 3 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -18.3% | -6.6% | 4.0% | |
| Sector | -15.6% | -3.3% | 4.6% | |
| Rank | 38/58 | 39/47 | 16/32 | |
| Quartile | 3 | 4 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TENCENT HOLDINGS LIMITED | 9.23 |
| ALIBABA GROUP HOLDING LIMITED | 7.35 |
| AIA GROUP LIMITED | 7.04 |
| PDD HOLDINGS INC | 4.41 |
| CTRIP.COM INTERNATIONAL | 4.31 |
| NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP | 4.11 |
| NETEASE INC | 4.00 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.98 |
| PETROCHINA COMPANY LIMITED | 3.05 |
| TECHTRONIC INDUSTRIES CO | 3.01 |
| Total | 50.48 |
Fund Aims
The Fund aims to achieve a long-term capital growth by investing in Hong Kong and Chinese company shares.
Fund Manager
May Ling Wee is an Investment Manager at Janus Henderson Investors, a position she has held since joining Henderson in 2015. Previously, May Ling was a portfolio manager with Lloyd George Management in Hong Kong, managing Greater China and Hong Kong equities. Prior to that, she was an investment analyst with Deutsche Bank, Hong Kong. She began her investment career as a research analyst in Dresdner Kleinwort Wasserstein Securities, Singapore and subsequently Hong Kong.
May Ling holds a B Com (economics and finance) from the University of New South Wales, Sydney. She holds the Chartered Financial Analyst designation and has 20 years of financial industry experience.
Fund Overview
| Mid (26/04/2024) | 150.70p |
| Historic yield | 1.10% |
| Fund size (29/02/2024) | £187.52m |
| Number of holdings | 41 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.87% |
| Launch date | 01/08/2012 |
Asset Allocation
| International Equities | 97.69% | |
| UK Equities | 1.73% | |
| Cash and Equivalents | 0.58% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 97.69% | |
| UK Equities | 1.73% | |
| Cash and Equivalents | 0.58% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Consumer Discretionary | 30.33% | - | - | - | |
| Consumer Products & Services | - | 12.22% | - | - | |
| Consumer Services | - | - | 4.11% | - | |
| Education Services | - | - | - | 4.11% | |
| Leisure Goods | - | - | 4.00% | - | |
| Electronic Entertainment | - | - | - | 4.00% | |
| Household Goods & Home Construction | - | - | 2.57% | - | |
| Household Appliance | - | - | - | 2.57% | |
| Personal Goods | - | - | 1.54% | - | |
| Clothing & Accessories | - | - | - | 1.54% | |
| Travel & Leisure | - | 9.23% | - | - | |
| Travel & Leisure | - | - | 9.23% | - | |
| Travel & Tourism | - | - | - | 4.31% | |
| Casinos & Gambling | - | - | - | 2.34% | |
| Restaurants & Bars | - | - | - | 1.76% | |
| Hotels & Motels | - | - | - | 0.83% | |
| Retail | - | 7.35% | - | - | |
| Retailers | - | - | 7.35% | - | |
| Diversified Retailers | - | - | - | 7.35% | |
| Automobiles & Parts | - | 1.54% | - | - | |
| Automobiles & Parts | - | - | 1.54% | - | |
| Automobiles | - | - | - | 1.54% | |
| Technology | 23.57% | - | - | - | |
| Technology | - | 23.57% | - | - | |
| Software & Computer Services | - | - | 15.28% | - | |
| Consumer Digital Services | - | - | - | 15.28% | |
| Technology Hardware & Equipment | - | - | 8.29% | - | |
| Semiconductors | - | - | - | 6.72% | |
| Computer Hardware | - | - | - | 1.56% | |
| Financials | 12.53% | - | - | - | |
| Insurance | - | 7.04% | - | - | |
| Life Insurance | - | - | 7.04% | - | |
| Life Insurance | - | - | - | 7.04% | |
| Banks | - | 3.51% | - | - | |
| Banks | - | - | 3.51% | - | |
| Banks | - | - | - | 3.51% | |
| Financial Services | - | 1.97% | - | - | |
| Investment Banking & Brokerage Services | - | - | 1.97% | - | |
| Investment Services | - | - | - | 1.97% | |
| Industrials | 11.61% | - | - | - | |
| Industrial Goods & Services | - | 11.61% | - | - | |
| Industrial Engineering | - | - | 7.41% | - | |
| Machinery: Tools | - | - | - | 3.01% | |
| Machinery: Industrial | - | - | - | 2.15% | |
| Machinery: Engines | - | - | - | 1.82% | |
| Machinery: Construction & Handling | - | - | - | 0.43% | |
| General Industrials | - | - | 2.71% | - | |
| Glass | - | - | - | 2.71% | |
| Industrial Transportation | - | - | 1.49% | - | |
| Transportation Services | - | - | - | 1.14% | |
| Railroads | - | - | - | 0.36% | |
| Consumer Staples | 7.06% | - | - | - | |
| Food, Beverage & Tobacco | - | 7.06% | - | - | |
| Beverages | - | - | 7.06% | - | |
| Distillers & Vintners | - | - | - | 2.85% | |
| Soft Drinks | - | - | - | 2.24% | |
| Brewers | - | - | - | 1.98% | |
| Utilities | 4.21% | - | - | - | |
| Utilities | - | 4.21% | - | - | |
| Gas, Water & Multi-utilities | - | - | 3.71% | - | |
| Gas Distribution | - | - | - | 1.97% | |
| Multi-Utilities | - | - | - | 1.74% | |
| Electricity | - | - | 0.50% | - | |
| Alternative Electricity | - | - | - | 0.50% | |
| Health Care | 3.29% | - | - | - | |
| Health Care | - | 3.29% | - | - | |
| Medical Equipment & Services | - | - | 2.29% | - | |
| Medical Equipment | - | - | - | 2.29% | |
| Pharmaceuticals & Biotechnology | - | - | 1.01% | - | |
| Biotechnology | - | - | - | 1.01% | |
| Energy | 3.05% | - | - | - | |
| Energy | - | 3.05% | - | - | |
| Non-Renewable Energy | - | - | 3.05% | - | |
| Integrated Oil & Gas | - | - | - | 3.05% | |
| Basic Materials | 2.24% | - | - | - | |
| Basic Resources | - | 2.24% | - | - | |
| Industrial Metals & Mining | - | - | 1.12% | - | |
| Aluminum | - | - | - | 1.12% | |
| Precious Metals & Mining | - | - | 1.12% | - | |
| Gold Mining | - | - | - | 1.12% | |
| Real Estate | 1.52% | - | - | - | |
| Real Estate | - | 1.52% | - | - | |
| Real Estate Investment & Services | - | - | 1.52% | - | |
| Real Estate Holding and Development | - | - | - | 1.52% | |
| Cash and Equivalents | 0.58% | - | - | - | |
Regional Allocation
| Emerging Asia | 44.80% | |
| Developed Asia | 32.63% | |
| North America | 11.00% | |
| South & Central America | 4.85% | |
| Developed Europe - Excl UK | 4.41% | |
| UK | 1.73% | |
| Cash and Equivalents | 0.58% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.97% | |
| Cash | 1.43% | |
| US Dollar | 0.60% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 44.80% | - | |
China
|
- | 38.07% | |
Taiwan
|
- | 6.72% | |
| Developed Asia | 32.63% | - | |
Hong Kong
|
- | 32.63% | |
| North America | 11.00% | - | |
United States
|
- | 11.00% | |
| South & Central America | 4.85% | - | |
Cayman Islands
|
- | 4.85% | |
| Developed Europe - Excl UK | 4.41% | - | |
Germany
|
- | 4.41% | |
| UK | 1.73% | - | |
United Kingdom
|
- | 1.73% | |
| Cash and Equivalents | 0.58% | - | |
Breakdown By Market Cap (%)
| Mega |
|
32.17% |
| Large |
|
20.28% |
| Medium |
|
0.43% |
| Non-Classified |
|
46.54% |
| Cash |
|
0.58% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TENCENT HOLDINGS LIMITED | 9.23% | Software & Computer Services | Hong Kong |
| 2 | ALIBABA GROUP HOLDING LIMITED | 7.35% | Retailers | China |
| 3 | AIA GROUP LIMITED | 7.04% | Life Insurance | Hong Kong |
| 4 | PDD HOLDINGS INC | 4.41% | Software & Computer Services | Germany |
| 5 | CTRIP.COM INTERNATIONAL | 4.31% | Travel & Leisure | United States |
| 6 | NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP | 4.11% | Consumer Services | United States |
| 7 | NETEASE INC | 4.00% | Leisure Goods | Cayman Islands |
| 8 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.98% | Technology Hardware & Equipment | Taiwan |
| 9 | PETROCHINA COMPANY LIMITED | 3.05% | Non-Renewable Energy | China |
| 10 | TECHTRONIC INDUSTRIES CO | 3.01% | Industrial Engineering | Hong Kong |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 23.57% | - | - | - | - | - | - | 23.57% |
| Financials | 1.73% | 10.80% | - | - | - | - | - | - | 12.53% |
| Real Estate | - | 1.52% | - | - | - | - | - | - | 1.52% |
| Consumer Discretionary | - | 30.33% | - | - | - | - | - | - | 30.33% |
| Consumer Staples | - | 7.06% | - | - | - | - | - | - | 7.06% |
| Energy | - | 3.05% | - | - | - | - | - | - | 3.05% |
| Utilities | - | 4.21% | - | - | - | - | - | - | 4.21% |
| Health Care | - | 3.29% | - | - | - | - | - | - | 3.29% |
| Industrials | - | 11.61% | - | - | - | - | - | - | 11.61% |
| Basic Materials | - | 2.24% | - | - | - | - | - | - | 2.24% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.58% | 0.58% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B5T7PM3 |
| Mex Code | - |
| Isin Code | GB00B5T7PM36 |
| Citi Code | 060G |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.87% |
Aims and Benchmark
| Aims | The Fund aims to achieve a long-term capital growth by investing in Hong Kong and Chinese company shares. |
| Benchmark | MSCI Zhong Hua Index |
| Benchmark Category | - |
| IA Sector | China/Greater China |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £0.25 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 December | 31 January |
| 01 June | 31 July |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The National Westminster Bank plc |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | BNP Paribas |
Group Details
| Group name | Janus Henderson Investors |
| Group address | PO Box 9023 Chelmsford CM99 2WB |
| Group telephone | 0800 832 832 |
| Dealing telephone | 0845 608 8703 |
| support@henderson.com | |
| Homepage | www.henderson.com |
| Fax number | 0870 888 3094 |
Dealing
| Minimum Investment | £3000000 |
| Minimum Top Up | £10000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -1.01 |
| Beta | 1.04 |
| Sharpe | -0.06 |
| Standard Deviation | 26.09 |
| Info Ratio | -0.42 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.