Morningstar Fund Report  | 14/04/2025Print

Janus Henderson Multi-Manager Income & Growth Fund A Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Janus Henderson Multi-Manager Income & Growth Fund A Inc
Fund6.5-9.36.55.2-0.3
+/-Cat-1.61.1-1.1-1.5-0.2
+/-B’mrk-1.5-0.1-2.8-3.3-0.2
 
Category: GBP Allocation 40-60% Equity
Category Benchmark: Morningstar UK Mod Tgt Allo...
Key Stats
NAV
11/04/2025		 GBX 142.60
Day Change -0.35%
Morningstar Category™ GBP Allocation 40-60% Equity
IA (formerly IMA) Sector Mixed Investment 20-60% Shares
ISIN GB0002540127
Fund Size (Mil)
31/03/2025		 GBP 124.57
Share Class Size (Mil)
11/04/2025		 GBP 27.98
Max Initial Charge 5.00%
Ongoing Charge
31/03/2025		  1.92%
Investment Objective: Janus Henderson Multi-Manager Income & Growth Fund A Inc
The Fund aims to provide capital growth, with the potential for some income over the long term. The Fund invests in Collective Investment Schemes (other funds including those managed by Janus Henderson and Exchange Traded Funds) to provide diversified 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. The Fund will invest globally while maintaining a core exposure to UK assets.
Returns
Trailing Returns (GBP)11/04/2025
YTD-4.28
3 Years Annualised0.25
5 Years Annualised3.62
10 Years Annualised2.08
12 Month Yield 3.57
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
James de Bunsen
07/07/2023
Tihana Ibrahimpasic
01/01/2021
Click here to see others
Inception Date
27/02/1998

Category Benchmark
Fund BenchmarkMorningstar Benchmark
10% SONIA ,  37.5% MSCI ACWI ex UK NR GBP ,  30% Bloomberg Global Aggregate H TR GBP ,  10% Bloomberg Sterling Agg TR GBP ,  12.5% FTSE AllSh TR GBPMorningstar UK Mod Tgt Alloc NR GBP
Portfolio Profile for  Janus Henderson Multi-Manager Income & Growth Fund A Inc31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock49.330.0049.33
Bond41.110.7840.33
Property0.000.000.00
Cash34.1637.11-2.95
Other13.760.6513.11
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States46.07
United Kingdom31.00
Eurozone8.43
Asia - Emerging4.83
Asia - Developed3.54
Top 5 Sectors%
Financial Services19.92
Technology15.96
Industrials13.18
Healthcare11.63
Communication Services10.21
Top 5 HoldingsSector%
LGIM Sterling Liquidity 414.08
Dodge & Cox Worldwide US Stock U... 6.81
Jupiter UK Dynamic Equity X Inc5.70
Janus Henderson Mlt-Sect Inc I4m... 5.48
Blackrock Ics Sterling Liquidity... 5.36
Increase Decrease New since last portfolio
Janus Henderson Multi-Manager Income & Growth Fund A Inc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Janus Henderson Multi-Manager Income & Growth Fund A Inc
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-5.5811.681.346.48-9.356.465.21-0.32
+/- Category-0.09-0.74-2.74-1.591.11-1.07-1.53-0.18
+/- Category Index---3.95-1.52-0.09-2.80-3.35-0.22
% Rank in Category5561727240667456
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.35   -0.19-0.54
1 Week-2.46   -1.01-2.50
1 Month-4.55   -0.93-1.87
3 Months-4.28   -0.72-0.93
6 Months-4.29   -0.98-1.83
YTD-4.28   -0.89-1.09
1 Year-0.89   -1.75-3.11
3 Years Annualised0.25   -0.95-2.72
5 Years Annualised3.62   -0.94-1.26
10 Years Annualised2.08   -0.90-2.27
 
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
2025-0.32---
20242.430.732.25-0.27
20232.26-0.59-1.205.99
2022-3.03-5.57-3.923.04
20211.043.190.651.46
2020-13.9910.041.355.66
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearBelow AverageBelow Average2 star
10-YearBelow AverageAverage2 star
OverallBelow AverageAverage2 star
 
Category :  GBP Allocation 40-60% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.93 %
3-Yr Mean Return1.67 %
 
3-Yr Sharpe Ratio-0.34
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Tgt Alloc NR GBP  Morningstar UK Mod Tgt Alloc NR GBP
3-Yr Beta0.850.85
3-Yr Alpha-2.20-2.20
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 38591-
Market Capitalisation% of Equity
Giant31.64
Large30.23
Medium28.43
Small6.25
Micro3.45
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.430.92
Price/Book2.310.90
Price/Sales1.420.77
Price/Cash Flow10.280.90
Dividend-Yield Factor2.721.12
 
Long-Term Projected Earnings Growth9.150.94
Historical Earnings Growth0.550.08
Sales Growth4.640.75
Cash-Flow Growth2.010.42
Book-Value Growth3.840.68
 
Category: GBP Allocation 40-60% Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 125
Maturity Distribution %
1 to 38.01
3 to 516.41
5 to 713.83
7 to 1023.63
10 to 1511.55
15 to 202.33
20 to 308.08
Over 302.15
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Allocation 40-60% Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock49.330.0049.33
Bond41.110.7840.33
Property0.000.000.00
Cash34.1637.11-2.95
Other13.760.6513.11
World Regions31/03/2025
 % of EquityRelative to Category
United States46.070.87
Canada0.130.13
Latin America0.160.26
United Kingdom31.001.48
Eurozone8.431.16
Europe - ex Euro3.471.06
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.010.03
Japan2.350.41
Australasia0.000.00
Asia - Developed3.541.11
Asia - Emerging4.831.39
 
Category: GBP Allocation 40-60% Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.111.26
Consumer CyclicalConsumer Cyclical9.990.97
Financial ServicesFinancial Services19.921.12
Real EstateReal Estate2.180.47
Consumer DefensiveConsumer Defensive7.421.03
HealthcareHealthcare11.631.08
UtilitiesUtilities2.160.69
Communication ServicesCommunication Services10.211.50
EnergyEnergy3.250.81
IndustrialsIndustrials13.181.08
TechnologyTechnology15.960.80
 
Category: GBP Allocation 40-60% Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings11
Assets in Top 10 Holdings59.20
NameSectorCountry% of Assets
LGIM Sterling Liquidity 4Ireland14.08
Dodge & Cox Worldwide US Stock USD IncIreland6.81
Jupiter UK Dynamic Equity X IncUnited Kingdom5.70
Janus Henderson Mlt-Sect Inc I4m USDIreland5.48
Blackrock Ics Sterling Liquidity Fund... -5.36
Deutsche Managed Sterling PlatinumIreland4.84
Long Gilt Future June 25United Kingdom4.75
WS Lindsell Train UK Equity IncUnited Kingdom4.40
AXA Global Strategic Bd S Inc GBPUnited Kingdom3.96
Janus Henderson Hrzn Euro Corp Bd I2 EURLuxembourg3.81
 
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 StructureUnit Trust
UCITSNo
Inception Date27/02/1998
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 Charge1.92%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional100  GBP
Savings100  GBP
Tax Free Savings Schemes
ISAsYes