Janus Henderson Investors Cautious Managed Class I Inc
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 | -9.6% | 20.8% | 4.1% | -2.3% | 4.6% |
| Sector | -7.2% | 19.8% | 2.7% | -4.8% | 7.7% |
| Rank | 102/147 | 65/154 | 49/165 | 15/174 | 163/180 |
| Quartile | 3 | 2 | 2 | 1 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 2.1% | 3.0% | 3.2% | |
| Sector | 1.7% | 3.2% | 3.8% | |
| Rank | 71/165 | 89/147 | 80/103 | |
| Quartile | 2 | 3 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| SHELL | 2.50 |
| GSK | 2.19 |
| BRITISH AMERICAN TOBACCO | 2.07 |
| ASTRAZENECA | 1.99 |
| RECKITT BENCKISER GROUP | 1.53 |
| IMPERIAL BRANDS | 1.53 |
| IG GROUP HLDGS | 1.42 |
| 3¾% Treasury Gilt 2038 | 1.41 |
| 4¼% Treasury Gilt 2039 | 1.34 |
| HSBC HOLDINGS | 1.32 |
| Total | 17.29 |
Fund Aims
The Fund aims to provide income and long-term capital growth by investing in a combination of company shares and a range of bonds in any country. The fund will invest no more than 60% of its value in company shares.
Fund Manager
Philip Payne began his career at Henderson Global Investors in 2000. He progressed to Fund Manager in 2003 and is the manager of the Henderson All Stocks Credit and Long Dated Credit Funds. He is a CFA charterholder.
Fund Overview
| Mid (26/04/2024) | 119.10p |
| Historic yield | 3.50% |
| Fund size (31/12/2023) | £796.94m |
| Number of holdings | 248 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.73% |
| Launch date | 19/07/2012 |
Asset Allocation
| UK Equities | 38.37% | |
| International Bonds | 23.88% | |
| UK Corporate Bonds | 14.54% | |
| UK Gilts | 7.49% | |
| International Equities | 6.45% | |
| Alternative Trading Strategies | 2.96% | |
| Cash and Equivalents | 1.72% | |
| Commodities | 1.62% | |
| Property | 1.34% | |
| Other Assets | 1.63% |
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
| UK Equities | 38.37% | |
| International Bonds | 23.88% | |
| UK Corporate Bonds | 14.54% | |
| UK Gilts | 7.49% | |
| International Equities | 6.45% | |
| Alternative Trading Strategies | 2.96% | |
| Cash and Equivalents | 1.72% | |
| Commodities | 1.62% | |
| Property | 1.34% | |
| Other Assets | 1.63% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 45.91% | - | - | - | |
| Financials | 9.85% | - | - | - | |
| Financial Services | - | 3.67% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.25% | - | |
| Investment Services | - | - | - | 1.42% | |
| Asset Managers & Custodians | - | - | - | 0.83% | |
| Finance & Credit Services | - | - | 0.73% | - | |
| Mortgage Finance | - | - | - | 0.73% | |
| Equity Investment Instruments | - | - | 0.70% | - | |
| Equity Investment Instruments | - | - | - | 0.70% | |
| Banks | - | 3.37% | - | - | |
| Banks | - | - | 3.37% | - | |
| Banks | - | - | - | 3.37% | |
| Insurance | - | 2.81% | - | - | |
| Non-life Insurance | - | - | 1.55% | - | |
| Property & Casualty Insurance | - | - | - | 1.05% | |
| Reinsurance | - | - | - | 0.50% | |
| Life Insurance | - | - | 1.27% | - | |
| Life Insurance | - | - | - | 1.27% | |
| Consumer Staples | 8.08% | - | - | - | |
| Food, Beverage & Tobacco | - | 5.31% | - | - | |
| Tobacco | - | - | 3.60% | - | |
| Tobacco | - | - | - | 3.60% | |
| Food Producers | - | - | 1.71% | - | |
| Food Products | - | - | - | 1.71% | |
| Personal Care, Drug & Grocery Stores | - | 2.77% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.77% | - | |
| Nondurable Household Products | - | - | - | 1.53% | |
| Personal Products | - | - | - | 1.24% | |
| Industrials | 6.93% | - | - | - | |
| Industrial Goods & Services | - | 5.76% | - | - | |
| Industrial Support Services | - | - | 3.62% | - | |
| Professional Business Support Services | - | - | - | 1.78% | |
| Industrial Suppliers | - | - | - | 1.23% | |
| Business Training & Employment Agencies | - | - | - | 0.60% | |
| Aerospace & Defence | - | - | 0.91% | - | |
| Defense | - | - | - | 0.91% | |
| Electronic & Electrical Equipment | - | - | 0.79% | - | |
| Electrical Components | - | - | - | 0.43% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.36% | |
| Industrial Engineering | - | - | 0.45% | - | |
| Machinery: Industrial | - | - | - | 0.45% | |
| Construction & Materials | - | 1.16% | - | - | |
| Construction & Materials | - | - | 1.16% | - | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.61% | |
| Construction | - | - | - | 0.56% | |
| Health Care | 5.70% | - | - | - | |
| Health Care | - | 5.70% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.70% | - | |
| Pharmaceuticals | - | - | - | 5.70% | |
| Consumer Discretionary | 4.96% | - | - | - | |
| Travel & Leisure | - | 2.13% | - | - | |
| Travel & Leisure | - | - | 2.13% | - | |
| Airlines | - | - | - | 0.67% | |
| Casinos & Gambling | - | - | - | 0.59% | |
| Restaurants & Bars | - | - | - | 0.44% | |
| Travel & Tourism | - | - | - | 0.43% | |
| Consumer Products & Services | - | 1.69% | - | - | |
| Household Goods & Home Construction | - | - | 1.11% | - | |
| Home Construction | - | - | - | 1.11% | |
| Personal Goods | - | - | 0.58% | - | |
| Clothing & Accessories | - | - | - | 0.58% | |
| Media | - | 0.60% | - | - | |
| Media | - | - | 0.60% | - | |
| Media Agencies | - | - | - | 0.60% | |
| Retail | - | 0.54% | - | - | |
| Retailers | - | - | 0.54% | - | |
| Diversified Retailers | - | - | - | 0.54% | |
| Energy | 3.78% | - | - | - | |
| Energy | - | 3.78% | - | - | |
| Non-Renewable Energy | - | - | 3.78% | - | |
| Integrated Oil & Gas | - | - | - | 3.32% | |
| Oil Refining and Marketing | - | - | - | 0.46% | |
| Alternative Trading Strategies | 2.96% | - | - | - | |
| Alternative Trading Strategies | - | 2.96% | - | - | |
| Alternative Trading Strategies | - | - | 2.96% | - | |
| Alternative Trading Strategies | - | - | - | 2.96% | |
| Basic Materials | 1.74% | - | - | - | |
| Basic Resources | - | 1.07% | - | - | |
| Precious Metals & Mining | - | - | 1.07% | - | |
| Gold Mining | - | - | - | 1.07% | |
| Chemicals | - | 0.67% | - | - | |
| Chemicals | - | - | 0.67% | - | |
| Specialty Chemicals | - | - | - | 0.67% | |
| Cash and Equivalents | 1.72% | - | - | - | |
| Real Estate | 1.67% | - | - | - | |
| Real Estate | - | 1.67% | - | - | |
| Real Estate Investment Trusts | - | - | 1.34% | - | |
| Diversified REITs | - | - | - | 0.67% | |
| Industrial REITs | - | - | - | 0.67% | |
| Real Estate Investment & Services | - | - | 0.33% | - | |
| Real Estate Services | - | - | - | 0.33% | |
| Commodities | 1.62% | - | - | - | |
| Commodities | - | 1.62% | - | - | |
| Commodities | - | - | 1.62% | - | |
| Commodities | - | - | - | 1.62% | |
| Technology | 1.54% | - | - | - | |
| Technology | - | 1.54% | - | - | |
| Software & Computer Services | - | - | 1.54% | - | |
| Consumer Digital Services | - | - | - | 1.06% | |
| Software | - | - | - | 0.49% | |
| Utilities | 1.44% | - | - | - | |
| Utilities | - | 1.44% | - | - | |
| Electricity | - | - | 1.44% | - | |
| Conventional Electricity | - | - | - | 1.44% | |
| Telecommunications | 1.16% | - | - | - | |
| Telecommunications | - | 1.16% | - | - | |
| Telecommunications Equipment | - | - | 0.66% | - | |
| Telecommunications Equipment | - | - | - | 0.66% | |
| Telecommunications Service Providers | - | - | 0.49% | - | |
| Telecommunications Services | - | - | - | 0.49% | |
| Non-Classified | 0.94% | - | - | - | |
Regional Allocation
| UK | 61.00% | |
| Developed Europe - Excl UK | 14.13% | |
| North America | 10.56% | |
| Non-Classified | 8.26% | |
| Cash and Equivalents | 1.72% | |
| Commodities | 1.62% | |
| Property | 1.34% | |
| Emerging Asia | 0.66% | |
| Developed Asia | 0.43% | |
| Japan | 0.29% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 54.09% | |
| Pound Sterling | 42.28% | |
| Euro | 2.48% | |
| US Dollar | 1.16% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 61.00% | - | |
United Kingdom
|
- | 60.41% | |
Isle of Man
|
- | 0.59% | |
| Developed Europe - Excl UK | 14.13% | - | |
France
|
- | 3.63% | |
Luxembourg
|
- | 1.68% | |
Ireland
|
- | 1.64% | |
Switzerland
|
- | 1.39% | |
Netherlands
|
- | 1.22% | |
Sweden
|
- | 0.88% | |
Finland
|
- | 0.82% | |
Spain
|
- | 0.73% | |
Germany
|
- | 0.71% | |
Denmark
|
- | 0.60% | |
Norway
|
- | 0.49% | |
Belgium
|
- | 0.32% | |
| North America | 10.56% | - | |
United States
|
- | 8.70% | |
Canada
|
- | 1.36% | |
Bermuda
|
- | 0.50% | |
| Non-Classified | 8.26% | - | |
| Cash and Equivalents | 1.72% | - | |
| Commodities | 1.62% | - | |
| Property | 1.34% | - | |
| Emerging Asia | 0.66% | - | |
South Korea
|
- | 0.66% | |
| Developed Asia | 0.43% | - | |
Singapore
|
- | 0.43% | |
| Japan | 0.29% | - | |
Japan
|
- | 0.29% | |
Breakdown By Market Cap (%)
| Mega |
|
12.84% |
| Large |
|
4.55% |
| Medium |
|
14.20% |
| Small |
|
2.03% |
| Micro |
|
0.88% |
| Non-Classified |
|
17.86% |
| Bonds |
|
45.91% |
| Cash |
|
1.72% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
11.67% |
| 5Yr - 10Yr Maturity |
|
14.51% |
| 10Yr - 15Yr Maturity |
|
8.97% |
| > 15Yr Maturity |
|
10.77% |
| Cash And Equivalents |
|
1.72% |
| Unknown Maturity |
|
2.55% |
| Other Asset Types |
|
49.81% |
Fixed Interest Quality Profile
| AAA |
|
1.25% |
| AA |
|
13.27% |
| A |
|
12.48% |
| BBB |
|
12.15% |
| Sub-Investment Grade |
|
0.13% |
| Unknown Quality |
|
6.64% |
| Cash and Equivalents |
|
1.72% |
| Other Asset Types |
|
52.37% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | SHELL | 2.50% | Non-Renewable Energy | United Kingdom |
| 2 | GSK | 2.19% | Pharmaceuticals & Biotechnology | United Kingdom |
| 3 | BRITISH AMERICAN TOBACCO | 2.07% | Tobacco | United Kingdom |
| 4 | ASTRAZENECA | 1.99% | Pharmaceuticals & Biotechnology | United Kingdom |
| 5 | RECKITT BENCKISER GROUP | 1.53% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 6 | IMPERIAL BRANDS | 1.53% | Tobacco | United Kingdom |
| 7 | IG GROUP HLDGS | 1.42% | Investment Banking & Brokerage Services | United Kingdom |
| 8 | 3¾% Treasury Gilt 2038 | 1.41% | Bonds | United Kingdom |
| 9 | 4¼% Treasury Gilt 2039 | 1.34% | Bonds | United Kingdom |
| 10 | HSBC HOLDINGS | 1.32% | Banks | United Kingdom |
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 | B4P4R69 |
| Mex Code | - |
| Isin Code | GB00B4P4R697 |
| Citi Code | 0Z9Q |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.73% |
Aims and Benchmark
| Aims | The Fund aims to provide income and long-term capital growth by investing in a combination of company shares and a range of bonds in any country. The fund will invest no more than 60% of its value in company shares. |
| Benchmark | 50% FTSE All Share 50% Merrill Lynch 5-15 Year GBP Non Gilt Index |
| Benchmark Category | - |
| IA Sector | Mixed Investment 20-60% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 31 March |
| 01 May | 30 June |
| 01 August | 30 September |
| 01 November | 31 December |
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 | -0.11 |
| Beta | 1.20 |
| Sharpe | 0.00 |
| Standard Deviation | 9.67 |
| Info Ratio | 0.02 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | Yes |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| 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 | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
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.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
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.