Morningstar Fund Report  | 23/04/2025Print

Janus Henderson European Absolute Return Fund I Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Janus Henderson European Absolute Return Fund I Acc
Fund8.5-1.97.39.44.4
+/-Cat8.4-1.44.910.62.1
+/-B’mrk-9.12.6-5.95.4-3.0
 
Category: Long/Short Equity - Europe
Category Benchmark: Morningstar DM Eur TME NR EUR
Key Stats
NAV
22/04/2025		 GBX 250.20
Day Change -0.16%
Morningstar Category™ Long/Short Equity - Europe
IA (formerly IMA) Sector Targeted Absolute Return
ISIN GB00B3CPX375
Fund Size (Mil)
31/03/2025		 GBP 22.08
Share Class Size (Mil)
22/04/2025		 GBP 18.10
Max Initial Charge 5.00%
Ongoing Charge
11/02/2025		  0.91%
Investment Objective: Janus Henderson European Absolute Return Fund I Acc
The Fund aims to provide a positive (absolute) return, regardless of market conditions, over any 12 month period. A positive return is not guaranteed over this or any other time period, and particularly over the shorter term the Fund may experience periods of negative returns. The Fund invests in shares and makes extensive use of derivatives (complex financial instruments) to take both ‘long’ and ‘short’ positions in companies the investment manager believes will either rise in value (long positions) or fall in value (short positions) meaning that the Fund may benefit from either scenario.
Returns
Trailing Returns (GBP)22/04/2025
YTD2.12
3 Years Annualised5.88
5 Years Annualised7.28
10 Years Annualised4.21
12 Month Yield 1.96
Management
Manager Name
Start Date
Robert Schramm-Fuchs
27/04/2018
Inception Date
29/01/2009

Category Benchmark
Fund BenchmarkMorningstar Benchmark
SONIAMorningstar DM Eur TME NR EUR
Portfolio Profile for  Janus Henderson European Absolute Return Fund I Acc31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock26.7831.44-4.65
Bond38.430.0038.43
Property0.000.000.00
Cash124.4558.2266.23
Other0.000.000.00
Top 5 Regions%
Eurozone55.11
Europe - ex Euro35.79
United Kingdom9.11
United States0.00
Canada0.00
Top 5 Sectors%
No Data Available
Top 5 HoldingsSector%
INACTIVE BNP PARIBAS ISSUANCE BV... 9.36
Bnp Paribas Issuance Bv 0% 02apr... 8.86
United Kingdom of Great Britain ... 4.56
United Kingdom of Great Britain ... 4.55
United Kingdom of Great Britain ... 4.55
Increase Decrease New since last portfolio
Janus Henderson European Absolute Return Fund I Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Janus Henderson European Absolute Return Fund I Acc
Category:  Long/Short Equity - Europe
Category Index:  Morningstar DM Eur TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-4.3111.087.458.52-1.937.289.424.41
+/- Category0.7111.59-1.598.38-1.444.9210.572.08
+/- Category Index4.95-8.024.89-9.122.63-5.905.44-2.98
% Rank in Category43847136112732
Trailing Returns (GBP)22/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.16   0.11-0.46
1 Week0.08   0.05-0.36
1 Month-2.07   -2.012.96
3 Months0.16   0.671.79
6 Months2.79   1.640.95
YTD2.12   -0.83-2.76
1 Year5.57   5.022.25
3 Years Annualised5.88   2.81-1.80
5 Years Annualised7.28   3.66-4.17
10 Years Annualised4.21   -0.16-2.65
 
Category: Long/Short Equity - Europe
Category Index: Morningstar DM Eur TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.41---
20246.611.802.63-1.76
20232.200.75-0.194.38
2022-2.63-2.99-1.645.56
20214.332.443.29-1.71
2020-3.731.547.342.40
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageHigh5 star
5-YearAbove AverageAbove Average4 star
10-YearAverageAbove Average3 star
OverallAbove AverageAbove Average4 star
 
Category :  Long/Short Equity - EuropeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.78 %
3-Yr Mean Return7.58 %
 
3-Yr Sharpe Ratio0.43
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar DM Eur TME NR EUR  Morningstar UK Mod Caut Tgt Alloc NR GBP
3-Yr Beta0.580.89
3-Yr Alpha1.615.25
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 20874-
Market Capitalisation% of Equity
Giant18.85
Large57.26
Medium23.89
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.681.04
Price/Book1.791.14
Price/Sales1.511.47
Price/Cash Flow14.561.91
Dividend-Yield Factor3.401.02
 
Long-Term Projected Earnings Growth10.731.14
Historical Earnings Growth15.093.48
Sales Growth0.750.54
Cash-Flow Growth22.263.92
Book-Value Growth5.2213.92
 
Category: Long/Short Equity - Europe
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock26.7831.44-4.65
Bond38.430.0038.43
Property0.000.000.00
Cash124.4558.2266.23
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom9.110.81
Eurozone55.110.82
Europe - ex Euro35.793.31
Europe - Emerging0.000.00
Africa0.00-
Middle East0.000.00
Japan0.00-
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Long/Short Equity - Europe
Sector Weightings31/03/2025
 % of EquityRelative to Category
 
Category: Long/Short Equity - Europe
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings57
Total Number of Bond Holdings16
Assets in Top 10 Holdings49.94
NameSectorCountry% of Assets
INACTIVE BNP PARIBAS ISSUANCE BV 0% 0... -9.36
Bnp Paribas Issuance Bv 0% 02apr26 Gbp-8.86
United Kingdom of Great Britain and N... United Kingdom4.56
United Kingdom of Great Britain and N... United Kingdom4.55
United Kingdom of Great Britain and N... United Kingdom4.55
United Kingdom of Great Britain and N... United Kingdom4.54
United Kingdom of Great Britain and N... United Kingdom4.52
United Kingdom of Great Britain and N... United Kingdom4.50
United Kingdom of Great Britain and N... United Kingdom4.50
 
Increase Decrease New since last portfolio
Category: Long/Short Equity - Europe
 
Management
Name of CompanyJanus Henderson Investors
Phone8002270486
Websitewww.janushenderson.com
Address201 Bishopsgate
 London   EC2M 3AE
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date29/01/2009
Fund Advisor(s)
Janus Henderson Investors UK Limited
Fund ManagerRobert Schramm-Fuchs
Manager Start Date27/04/2018
Career Start Year2005
Education
Friedrich-Schiller University of Jena, Diploma
 
Biography
Robert Schramm-Fuchs is a Portfolio Manager on the European Equities Team at Janus Henderson Investors. He leads the investment team focused on European large cap equities. Robert joined Henderson in 2014 as a European equity analyst. Prior to Henderson, he was with Macquarie's global alternative energy and utilities research team from 2010. Before this, he was head of the renewables research team at Commerzbank based in Frankfurt. He also worked with BHF Bank and Independent Research covering the solar sector for nine years. Robert received a diploma in international management from Friedrich-Schiller University of Jena. He has 19 years of financial industry experience.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*3.00%
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.91%
Purchase Details
Minimum Investments
Initial3000000  GBP
Additional10000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes