Morningstar Fund Report  | 17/04/2025Print

Janus Henderson Multi-Manager Active Fund A Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Janus Henderson Multi-Manager Active Fund A Acc
Fund11.4-9.97.67.2-1.9
+/-Cat-2.1-0.1-1.8-3.80.3
+/-B’mrk-4.9-4.1-4.8-7.4-0.4
 
Category: GBP Allocation 80%+ Equity
Category Benchmark: Morningstar UK Adv Tgt Allo...
Key Stats
NAV
16/04/2025		 GBX 270.00
Day Change -0.26%
Morningstar Category™ GBP Allocation 80%+ Equity
IA (formerly IMA) Sector Flexible Investment
ISIN GB0031413593
Fund Size (Mil)
31/03/2025		 GBP 140.36
Share Class Size (Mil)
15/04/2025		 GBP 33.98
Max Initial Charge 5.00%
Ongoing Charge
31/03/2025		  2.04%
Investment Objective: Janus Henderson Multi-Manager Active Fund A Acc
The Fund aims to provide capital growth over the long term. The Fund invests in Collective Investment Schemes (other funds including those managed by Janus Henderson, Exchange Traded Funds and unregulated funds) to provide diversified global exposure to a range of assets including shares (equities) of companies, bonds issued by companies and governments, and to a lesser extent, alternative assets such as property, commodities, private equity and hedge funds.
Returns
Trailing Returns (GBP)16/04/2025
YTD-6.02
3 Years Annualised0.71
5 Years Annualised5.21
10 Years Annualised3.69
12 Month Yield 1.73
Management
Manager Name
Start Date
James de Bunsen
07/07/2023
Tihana Ibrahimpasic
01/01/2021
Click here to see others
Inception Date
28/06/1996

Category Benchmark
Fund BenchmarkMorningstar Benchmark
10% SONIA ,  60% MSCI ACWI ex UK GR GBP ,  7.5% Bloomberg Global Aggregate H TR GBP ,  2.5% Bloomberg Sterling Agg TR GBP ,  20% FTSE AllSh TR GBPMorningstar UK Adv Tgt Alloc NR GBP
Portfolio Profile for  Janus Henderson Multi-Manager Active Fund A Acc31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock76.700.0076.70
Bond11.850.2011.65
Property0.000.000.00
Cash37.1640.20-3.04
Other15.270.5714.70
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States49.02
United Kingdom23.06
Eurozone9.16
Asia - Emerging5.81
Japan4.37
Top 5 Sectors%
Financial Services19.31
Technology17.94
Industrials13.06
Healthcare11.15
Consumer Cyclical10.98
Top 5 HoldingsSector%
LGIM Sterling Liquidity 414.26
Dodge & Cox Worldwide US Stock A... 11.10
WS Lindsell Train UK Equity Inc6.66
Blackrock Ics Sterling Liquidity... 6.47
iShares Edge MSCI USA MinVolAdvc... 5.64
Increase Decrease New since last portfolio
Janus Henderson Multi-Manager Active Fund A Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Janus Henderson Multi-Manager Active Fund A Acc
Category:  GBP Allocation 80%+ Equity
Category Index:  Morningstar UK Adv Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-7.3113.783.6311.44-9.917.587.16-1.95
+/- Category-0.11-4.28-3.27-2.12-0.11-1.85-3.800.28
+/- Category Index---2.36-4.87-4.06-4.83-7.37-0.43
% Rank in Category5093727755758750
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.26   -0.72-0.49
1 Week3.53   0.86-0.22
1 Month-4.93   -0.330.13
3 Months-7.60   -0.050.21
6 Months-6.15   -0.03-2.33
YTD-6.02   0.59-0.31
1 Year-1.50   -0.02-3.92
3 Years Annualised0.71   -1.63-5.01
5 Years Annualised5.21   -1.80-5.39
10 Years Annualised3.69   -1.39-3.67
 
Category: GBP Allocation 80%+ Equity
Category Index: Morningstar UK Adv Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.95---
20244.661.210.390.77
20232.610.23-0.705.34
2022-2.64-6.72-3.502.81
20212.584.161.732.52
2020-15.3212.231.986.94
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearLowLow2 star
10-YearBelow AverageLow2 star
OverallBelow AverageLow2 star
 
Category :  GBP Allocation 80%+ EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev8.40 %
3-Yr Mean Return1.86 %
 
3-Yr Sharpe Ratio-0.26
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Adv Tgt Alloc NR GBP  Morningstar EU Agg Gbl Tgt Alloc NR EUR
3-Yr Beta0.810.86
3-Yr Alpha-4.69-4.36
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 41247-
Market Capitalisation% of Equity
Giant32.79
Large30.11
Medium27.08
Small6.73
Micro3.29
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.980.97
Price/Book2.391.01
Price/Sales1.550.86
Price/Cash Flow10.601.00
Dividend-Yield Factor2.491.05
 
Long-Term Projected Earnings Growth9.450.94
Historical Earnings Growth4.300.71
Sales Growth5.890.95
Cash-Flow Growth4.480.20
Book-Value Growth4.511.90
 
Category: GBP Allocation 80%+ Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 141
Maturity Distribution %
1 to 36.59
3 to 514.96
5 to 710.57
7 to 1026.64
10 to 1512.63
15 to 203.12
20 to 309.69
Over 302.72
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Allocation 80%+ Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock76.700.0076.70
Bond11.850.2011.65
Property0.000.000.00
Cash37.1640.20-3.04
Other15.270.5714.70
World Regions31/03/2025
 % of EquityRelative to Category
United States49.021.00
Canada0.130.12
Latin America0.160.20
United Kingdom23.061.23
Eurozone9.160.94
Europe - ex Euro3.980.91
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan4.370.70
Australasia0.000.00
Asia - Developed4.311.13
Asia - Emerging5.811.38
 
Category: GBP Allocation 80%+ Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.881.00
Consumer CyclicalConsumer Cyclical10.981.06
Financial ServicesFinancial Services19.311.02
Real EstateReal Estate2.050.71
Consumer DefensiveConsumer Defensive7.001.04
HealthcareHealthcare11.150.98
UtilitiesUtilities1.670.61
Communication ServicesCommunication Services10.171.55
EnergyEnergy2.800.78
IndustrialsIndustrials13.061.03
TechnologyTechnology17.940.89
 
Category: GBP Allocation 80%+ Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings11
Assets in Top 10 Holdings66.95
NameSectorCountry% of Assets
LGIM Sterling Liquidity 4Ireland14.26
Dodge & Cox Worldwide US Stock A USDIreland11.10
WS Lindsell Train UK Equity IncUnited Kingdom6.66
Blackrock Ics Sterling Liquidity Fund... -6.47
iShares Edge MSCI USA MinVolAdvcdETF$AccIreland5.64
Deutsche Managed Sterling PlatinumIreland5.16
GQG Partners US Equity Q USD AccIreland5.04
WS Gresham House UK Mlt Cap Inc F £ IncUnited Kingdom4.41
iShares Edge MSCI USA Qual Fac ETF $ AccIreland4.28
BlackRock European Dynamic FA AccUnited Kingdom3.93
 
Increase Decrease New since last portfolio
Category: GBP Allocation 80%+ Equity
 
Management
Name of CompanyJanus Henderson Investors
Phone8002270486
Websitewww.janushenderson.com
Address201 Bishopsgate
 London   EC2M 3AE
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSNo
Inception Date28/06/1996
Fund Advisor(s)
Janus Henderson Investors UK Limited
Fund ManagerJames de Bunsen
Manager Start Date07/07/2023
Career Start Year2005
Education
University of Manchester, B.A./B.S.
 
Biography
James de Bunsen is a Portfolio Manager on Janus Henderson Investors’ Multi-Asset Team, a position he has held since joining Henderson in 2013. In this role, James focuses on alternative asset classes and strategies. Prior to Henderson, he worked for multi-asset boutique Armstrong Investment Managers (AIM) from 2010, where he helped run a number of multi-asset strategies targeting real returns above inflation within clearly defined risk budgets. Before that, he spent five years at Insight Investment as part of the same multi-asset team that launched the first retail multi-asset fund in the UK and later formed AIM. At both Insight and AIM, this team won several performance awards from FT Pension & Investment, HFM Europe, and BarclayHedge, among others. Earlier in his career, he spent several years working as a journalist and editor at a variety of business magazines. James received a degree in ancient history and archaeology from the University of Manchester. He holds the Investment Management Certificate (IMC) and the Chartered Financial Analyst designation. He has 19 years of financial industry experience.
Fund ManagerTihana Ibrahimpasic
Manager Start Date01/01/2021
Career Start Year2011
Education
2010, University of Zagreb, B.S.
Charlie University in Prague, M.S.
 
Biography
Tihana Ibrahimpasic is a Portfolio Manager on the Multi-Asset Team at Janus Henderson Investors. Before assuming this role in 2021, she was a research analyst with the team from 2018. Prior to joining the firm, Tihana was an investment manager at Astra Financial Services, Czech Republic, where she led and produced fundamental research for portfolio asset allocation and construction, managed client relationships, and oversaw trade execution, and performance analysis. Before this, she was an investment analyst at Star Capital Finance, Czech Republic from 2011. Tihana received a bachelor’s degree in analysis and business planning from the University of Zagreb and a master’s in economics and finance from Charles University, Prague. She holds the Chartered Financial Analyst designation and has 13 years of financial industry experience.
Fund ManagerEduardo Martin
Manager Start Date10/09/2024
 
Biography
Eduardo Jimenez Martin is a Portfolio Manager on the Multi-Asset Team at Janus Henderson Investors, a position he has held since 2024. He joined the firm as a research analyst in 2022. Prior to joining the firm, Eduardo was a senior consultant focused on fintech investment analytics for institutional investors at Confluence Technologies from 2021. Before that, he was an analyst at Prism Financial Products from 2020. He served as a portfolio analyst at ETS Asset Management Factory on the multi-asset team from 2019. Eduardo began his career as a trainee with the financial sponsor coverage team at Santander Corporate & Investment Banking in 2017. Eduardo received a BBA degree in finance with an economics minor from Western Michigan University, where he was a NCAA Division 1 student-athlete. He earned a master's in finance from the London Business School and holds the Financial Risk Manager® (FRM) and Chartered Financial Analyst designations. He has 7 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 Charge1.50%
Ongoing Charge2.04%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional100  GBP
Savings100  GBP
Tax Free Savings Schemes
ISAsYes