Investor Summary

The fund is managed by a highly experienced team led by Jenna Barnard, CFA, Head of Global Bonds with 25 years of industry experience and tenure at Janus Henderson since 2002, complemented by Nicholas Ware, a Portfolio Manager with 26 years of experience including senior roles across multiple fixed income organizations, and Oliver Bardot, CFA, Associate Portfolio Manager with 15-17 years of experience who progressed through the Henderson graduate scheme. The management team combines deep institutional knowledge with comprehensive technical qualifications including CFA designations, chartered accountancy credentials, and specialized ESG investing certification, providing investors with seasoned leadership capable of navigating diverse market environments while maintaining consistent focus on the fund's income generation mandate.

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Fund Strategy

The fund employs a flexible strategy to construct a diverse, high-yielding portfolio of global fixed income investments, actively varying allocations to different types of bonds to suit prevailing economic environments based on comprehensive macroeconomic research and credit analysis. The investment approach prioritizes delivering reliable monthly income while managing risk through currency hedging of at least 80% of non-Sterling assets and maintaining diversification across credit qualities, geographies, and sectors. The management team applies their collective experience in weighing risk versus reward to position investors advantageously relative to market changes, with flexibility to adjust duration and credit exposure across market cycles while maintaining the core objective of income generation for long-term investors.

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FUND PERFORMANCE AS OF 30th September 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
6.6% 2.2% 6.0%