Janus Henderson Investors Fixed Interest Monthly Income Class IQ 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 | n/a | n/a | -2.5% | -11.0% | 4.3% |
| Sector | -1.3% | 12.4% | -2.2% | -5.7% | 7.2% |
| Rank | n/a | n/a | 40/80 | 77/83 | 71/86 |
| Quartile | n/a | n/a | 2 | 4 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -3.3% | n/a | n/a | |
| Sector | -0.4% | 1.9% | 2.6% | |
| Rank | 73/80 | n/a | n/a | |
| Quartile | 4 | n/a | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIHE 2.3% 15Feb33 EUR REGS | 1.87 |
| NATIONWIDE BUILDING SOCIETY | 1.74 |
| SERVICE CORP INTERNATIONAL/US 4.625% 15Dec27 USD | 1.51 |
| LORCA TELECOM BONDCO SA 4% 18Sep27 EUR REGS | 1.46 |
| TMNL HOLDING BV 3.75% 15Jan29 EUR REGS | 1.26 |
| VERISURE HOLDING AB 3.875% 15Jul26 EUR REGS | 1.19 |
| GALAXY BIDCO LTD 6.5% 31Jul26 GBP REGS | 1.18 |
| VIRGIN MEDIA VENDOR FINANCING NOTES III DAC 4.875% 15Jul28 GBP REGS | 1.18 |
| FN CB3240 | 1.16 |
| SCOTTISH WIDOWS LTD 7% 16Jun43 GBP REGS | 1.13 |
| Total | 13.68 |
Fund Aims
To achieve a high yield. The Fund will invest principally in fixed interest securities including preference shares.
Fund Manager
Jenna Barnard is Associate Director, Retail Fixed Income, and co-manages the Henderson Preference and Bond and Strategic Bond Funds alongside John Pattullo. Jenna joined Henderson Global Investors in 2002 as Credit Analyst, Assistant Portfolio Manager and progressed to Credit Portfolio Manager in 2004. Prior to joining Henderson, Jenna worked as an Investment Analyst with Orbitex Investments. Jenna is a CFA charterholder, and an affiliate member of UKSIP.
Fund Overview
| Mid (26/04/2024) | 45.51p |
| Distribution yield | 5.10% |
| Underlying yield | 4.50% |
| Fund size (31/12/2023) | £1200.40m |
| Number of holdings | 267 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.70% |
| Launch date | 28/03/1979 |
Asset Allocation
| International Bonds | 71.68% | |
| Alternative Trading Strategies | 54.70% | |
| UK Corporate Bonds | 15.03% | |
| UK Equities | 1.74% | |
| UK Gilts | 1.05% | |
| Cash and Equivalents | -47.79% | |
| Other Assets | 3.60% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| International Bonds | 71.68% | |
| Alternative Trading Strategies | 54.70% | |
| UK Corporate Bonds | 15.03% | |
| UK Equities | 1.74% | |
| UK Gilts | 1.05% | |
| Cash and Equivalents | -47.79% | |
| Other Assets | 3.60% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 87.75% | - | - | - | |
| Alternative Trading Strategies | 54.70% | - | - | - | |
| Alternative Trading Strategies | - | 54.70% | - | - | |
| Alternative Trading Strategies | - | - | 54.70% | - | |
| Alternative Trading Strategies | - | - | - | 54.70% | |
| Non-Classified | 3.60% | - | - | - | |
| Financials | 1.74% | - | - | - | |
| Banks | - | 1.74% | - | - | |
| Banks | - | - | 1.74% | - | |
| Banks | - | - | - | 1.74% | |
| Cash and Equivalents | -47.79% | - | - | - | |
Regional Allocation
| Non-Classified | 61.05% | |
| North America | 44.87% | |
| Developed Europe - Excl UK | 21.17% | |
| UK | 17.81% | |
| Australia & New Zealand | 2.87% | |
| Cash and Equivalents | -47.79% |
Fixed Interest Currencies
| US Dollar | 49.05% | |
| Pound Sterling | 19.36% | |
| Euro | 16.46% | |
| Non-Fixed Interest Assets | 12.25% | |
| Australian Dollar | 2.26% | |
| New Zealand Dollar | 0.62% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 61.05% | - | |
| North America | 44.87% | - | |
United States
|
- | 43.09% | |
Canada
|
- | 1.78% | |
| Developed Europe - Excl UK | 21.17% | - | |
France
|
- | 4.78% | |
Germany
|
- | 4.05% | |
Netherlands
|
- | 3.48% | |
Ireland
|
- | 2.31% | |
Switzerland
|
- | 1.76% | |
Spain
|
- | 1.46% | |
Sweden
|
- | 1.41% | |
Belgium
|
- | 0.84% | |
Italy
|
- | 0.70% | |
Luxembourg
|
- | 0.38% | |
| UK | 17.81% | - | |
United Kingdom
|
- | 17.81% | |
| Australia & New Zealand | 2.87% | - | |
Australia
|
- | 2.26% | |
New Zealand
|
- | 0.62% | |
| Cash and Equivalents | -47.79% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
35.13% |
| 5Yr - 10Yr Maturity |
|
34.59% |
| 10Yr - 15Yr Maturity |
|
4.52% |
| > 15Yr Maturity |
|
13.52% |
| Cash And Equivalents |
|
-47.79% |
| Unknown Maturity |
|
3.60% |
| Other Asset Types |
|
56.43% |
Fixed Interest Quality Profile
| AAA |
|
2.54% |
| AA |
|
1.05% |
| A |
|
3.97% |
| BBB |
|
24.55% |
| Sub-Investment Grade |
|
24.29% |
| Unknown Quality |
|
31.35% |
| Cash and Equivalents |
|
-47.79% |
| Other Asset Types |
|
60.03% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIHE 2.3% 15Feb33 EUR REGS | 1.87% | Bonds | Germany |
| 2 | NATIONWIDE BUILDING SOCIETY | 1.74% | Banks | United Kingdom |
| 3 | SERVICE CORP INTERNATIONAL/US 4.625% 15Dec27 USD | 1.51% | Bonds | United States |
| 4 | LORCA TELECOM BONDCO SA 4% 18Sep27 EUR REGS | 1.46% | Bonds | Spain |
| 5 | TMNL HOLDING BV 3.75% 15Jan29 EUR REGS | 1.26% | Bonds | Netherlands |
| 6 | VERISURE HOLDING AB 3.875% 15Jul26 EUR REGS | 1.19% | Bonds | Sweden |
| 7 | GALAXY BIDCO LTD 6.5% 31Jul26 GBP REGS | 1.18% | Bonds | Non-Classified |
| 8 | VIRGIN MEDIA VENDOR FINANCING NOTES III DAC 4.875% 15Jul28 GBP REGS | 1.18% | Bonds | Ireland |
| 9 | FN CB3240 | 1.16% | Bonds | United States |
| 10 | SCOTTISH WIDOWS LTD 7% 16Jun43 GBP REGS | 1.13% | Bonds | 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. 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 report or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BKPJTJ3 |
| Mex Code | - |
| Isin Code | GB00BKPJTJ32 |
| Citi Code | V5M2 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.70% |
Aims and Benchmark
| Aims | To achieve a high yield. The Fund will invest principally in fixed interest securities including preference shares. |
| Benchmark | IA £ Strategic Bond |
| Benchmark Category | - |
| IA Sector | £ Strategic Bond |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.24 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Monthly |
| Distribution Type | Interest |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 January | 31 January |
| 01 February | 28 February |
| 02 March | 31 March |
| 01 April | 30 April |
| 01 May | 31 May |
| 01 May | 30 June |
| 01 July | 31 July |
| 01 August | 31 August |
| 02 September | 30 September |
| 01 October | 31 October |
| 01 November | 30 November |
| 01 December | 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 | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | - |
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. 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 report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -1.50 |
| Beta | 1.48 |
| Sharpe | -0.01 |
| Standard Deviation | 10.53 |
| Info Ratio | -0.50 |
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 | No |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | Yes |
| 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
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.
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.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
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. 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 report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report 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.