Morningstar Fund Report  | 17/04/2025Print

Janus Henderson Cautious Managed Fund A Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Janus Henderson Cautious Managed Fund A Acc
Fund7.9-7.37.72.60.8
+/-Cat-0.23.20.2-4.11.0
+/-B’mrk-0.12.0-1.5-5.91.0
 
Category: GBP Allocation 40-60% Equity
Category Benchmark: Morningstar UK Mod Tgt Allo...
Key Stats
NAV
16/04/2025		 GBX 303.90
Day Change 0.26%
Morningstar Category™ GBP Allocation 40-60% Equity
IA (formerly IMA) Sector Mixed Investment 20-60% Shares
ISIN GB0032477639
Fund Size (Mil)
31/03/2025		 GBP 696.38
Share Class Size (Mil)
16/04/2025		 GBP 243.50
Max Initial Charge 5.00%
Ongoing Charge
11/02/2025		  1.40%
Investment Objective: Janus Henderson Cautious Managed Fund A Acc
The Fund aims to provide a return, from a combination of income and capital growth over the long term. The Fund invests in shares (also known as equities) and bonds of governments, companies or any other type of issuer, in any country. At all times the investment in equities will be limited to a maximum of 60% of the value of the Fund’s portfolio and the Fund will normally have a strong bias towards UK companies and bonds. Companies and bond issuers may be of any size, in any industry. The Fund may also invest in other assets including Collective Investment Schemes (including those managed by Janus Henderson) cash and money market instruments.
Returns
Trailing Returns (GBP)16/04/2025
YTD-0.82
3 Years Annualised1.22
5 Years Annualised4.55
10 Years Annualised2.04
12 Month Yield 3.93
Management
Manager Name
Start Date
Andrew Jones
31/07/2024
David Smith
31/07/2024
Click here to see others
Inception Date
03/02/2003

Category Benchmark
Fund BenchmarkMorningstar Benchmark
50% ICE BofA Sterling Non-Gilt TR GBP ,  50% FTSE AllSh TR GBPMorningstar UK Mod Tgt Alloc NR GBP
Portfolio Profile for  Janus Henderson Cautious Managed Fund A Acc31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock49.580.0049.58
Bond51.751.7450.01
Property0.000.000.00
Cash6.127.12-1.00
Other1.410.001.41
Fixed Income
Effective Maturity-
Effective Duration3.62
Top 5 Regions%
United Kingdom92.97
Europe - Emerging1.83
Asia - Developed1.61
Europe - ex Euro1.59
Eurozone1.23
Top 5 Sectors%
Financial Services21.91
Consumer Defensive19.11
Healthcare12.23
Industrials11.88
Energy9.94
Top 5 HoldingsSector%
Shell PLCEnergyEnergy2.80
AstraZeneca PLCHealthcareHealthcare2.39
HSBC Holdings PLCFinancial ServicesFinancial Services2.17
GSK PLCHealthcareHealthcare1.93
British American Tobacco PLCConsumer DefensiveConsumer Defensive1.85
Increase Decrease New since last portfolio
Janus Henderson Cautious Managed Fund A Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Janus Henderson Cautious Managed Fund A Acc
Category:  GBP Allocation 40-60% Equity
Category Index:  Morningstar UK Mod Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-6.6312.57-1.777.91-7.297.722.650.85
+/- Category-1.150.16-5.86-0.163.160.19-4.090.99
+/- Category Index---7.06-0.091.96-1.54-5.910.95
% Rank in Category7445925220469520
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.26   -0.220.60
1 Week3.83   2.183.45
1 Month-1.78   0.541.11
3 Months-0.52   2.213.64
6 Months-2.60   0.26-0.01
YTD-0.82   1.751.92
1 Year3.68   1.79-0.24
3 Years Annualised1.22   -0.42-1.98
5 Years Annualised4.55   0.06-0.57
10 Years Annualised2.04   -0.98-2.41
 
Category: GBP Allocation 40-60% Equity
Category Index: Morningstar UK Mod Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.85---
2024-0.272.052.60-1.70
20233.36-3.701.236.91
2022-1.34-6.24-7.418.24
20212.853.160.541.15
2020-15.858.77-2.8310.45
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAbove Average2 star
5-YearAverageHigh2 star
10-YearBelow AverageAbove Average2 star
OverallBelow AverageAbove Average2 star
 
Category :  GBP Allocation 40-60% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev9.70 %
3-Yr Mean Return2.03 %
 
3-Yr Sharpe Ratio-0.20
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Tgt Alloc NR GBP  Morningstar UK SMID Cap TME NR GBP
3-Yr Beta1.110.55
3-Yr Alpha-1.80-2.13
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 15998-
Market Capitalisation% of Equity
Giant33.85
Large23.10
Medium26.57
Small13.58
Micro2.89
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.880.68
Price/Book1.690.69
Price/Sales0.950.52
Price/Cash Flow8.250.77
Dividend-Yield Factor4.061.64
 
Long-Term Projected Earnings Growth7.760.82
Historical Earnings Growth-2.10-0.35
Sales Growth4.390.73
Cash-Flow Growth3.890.19
Book-Value Growth2.050.92
 
Category: GBP Allocation 40-60% Equity
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 698
Maturity Distribution %
1 to 38.40
3 to 513.70
5 to 712.36
7 to 1016.21
10 to 1521.13
15 to 2010.47
20 to 307.21
Over 303.71
Effective Maturity-
Effective Duration3.62
Credit Quality Breakdown %     %
AAA3.43   BB1.12
AA31.18   B0.00
A34.94   Below B0.00
BBB29.33   Not Rated0.00
 
Category: GBP Allocation 40-60% Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock49.580.0049.58
Bond51.751.7450.01
Property0.000.000.00
Cash6.127.12-1.00
Other1.410.001.41
World Regions31/03/2025
 % of EquityRelative to Category
United States0.770.01
Canada0.000.00
Latin America0.000.00
United Kingdom92.974.62
Eurozone1.230.17
Europe - ex Euro1.590.49
Europe - Emerging1.8310.18
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed1.610.53
Asia - Emerging0.000.00
 
Category: GBP Allocation 40-60% Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.541.41
Consumer CyclicalConsumer Cyclical5.700.57
Financial ServicesFinancial Services21.911.20
Real EstateReal Estate2.460.56
Consumer DefensiveConsumer Defensive19.112.60
HealthcareHealthcare12.231.11
UtilitiesUtilities4.361.33
Communication ServicesCommunication Services6.310.94
EnergyEnergy9.942.34
IndustrialsIndustrials11.880.99
TechnologyTechnology1.560.08
 
Category: GBP Allocation 40-60% Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings60
Total Number of Bond Holdings155
Assets in Top 10 Holdings19.51
NameSectorCountry% of Assets
Shell PLC309United Kingdom2.80
AstraZeneca PLC206United Kingdom2.39
HSBC Holdings PLC103United Kingdom2.17
GSK PLC206United Kingdom1.93
British American Tobacco PLC205United Kingdom1.85
Unilever PLC205United Kingdom1.81
Euro Bund Future June 25Germany1.78
Barclays PLC103United Kingdom1.63
Reckitt Benckiser Group PLC205United Kingdom1.59
Euro Bobl Future June 25Germany1.57
 
Increase Decrease New since last portfolio
Category: GBP Allocation 40-60% 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
UCITSYes
Inception Date03/02/2003
Fund Advisor(s)
Janus Henderson Investors UK Limited
Fund ManagerAndrew Jones
Manager Start Date31/07/2024
Career Start Year1995
Education
Cambridge University, B.A.
 
Biography
Andrew Jones is a Portfolio Manager on the Global Equity Income Team at Janus Henderson Investors. Prior to joining Henderson in 2005 as a portfolio manager on the UK Equities Team, Andrew worked as a fund manager at Invesco Perpetual, where he started his career in 1995. Andrew graduated with a BA degree (Hons) in economics from Queens’ College, Cambridge University. He holds the Securities Institute Diploma and has 29 years of financial industry experience.
Fund ManagerDavid Smith
Manager Start Date31/07/2024
Career Start Year2002
Education
Bristol University, B.S.
 
Biography
David Smith is a Portfolio Manager on the Global Equity Income Team at Janus Henderson Investors, a position he has held since 2008. He joined Henderson in 2002, initially working in operations and progressing to the UK Equities Team, and is now part of the Global Equity Income Team. David graduated with a BSc degree (Hons) in chemistry from Bristol University. He holds the Investment Management Certificate and the Chartered Financial Analyst designation. He has 22 years of financial industry experience.
Fund ManagerJames Briggs
Manager Start Date30/04/2022
Career Start Year1997
Education
University College–London, B.A.
 
Biography
James Briggs is a Portfolio Manager on the Corporate Credit Team at Janus Henderson Investors. James joined Henderson in 2005 as a credit analyst and was named a portfolio manager in 2010. Prior to this, he was a credit analyst with BlueBay Asset Management and a high-yield analyst with Invesco Asset Management. James graduated with a BA degree (Hons) in philosophy from University College London. He is a member of the Institute of Chartered Accountants in England and Wales and holds the Chartered Financial Analyst designation. He has 27 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 Charge1.25%
Ongoing Charge1.40%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional100  GBP
Savings100  GBP
Tax Free Savings Schemes
ISAsYes