Halifax - Buy Funds - Investments

At a glance performance and information

Eligibility:

Share Dealing Account

ISA

ShareBuilder

SIPP

The value of investments, and income from them, can rise and fall so you may get back less than you invest. If you’re unsure about investing, seek independent advice. You may be eligible for financial advice through our partnership with Schroders Personal Wealth

1 W 1 M 3 M 6 M YTD 1 Y 3 Y 5 Y Max

Add to chart:

Fund:

Janus Henderson European Absolute Return I Acc
Sector:

IA Targeted Absolute Return
Benchmark:

Bank Of England Sterling Overnight Index Average

Discrete calendar year performance

Discrete calendar year performance
Investment	30/06/20 to 30/06/21	30/06/21 to 30/06/22	30/06/22 to 30/06/23	30/06/23 to 30/06/24	30/06/24 to 30/06/25
Janus Henderson European Absolute Return I Acc	17.49%	-4.10%	6.92%	13.08%	5.23%
IA Targeted Absolute Return	7.19%	-0.68%	1.53%	8.01%	5.66%
Bank Of England Sterling Overnight Index Average	0.05%	0.35%	3.09%	5.14%	4.67%

Trailing returns

(*annualised)

Trailing returns
Investment	3 months	6 months	1 year	3 years*	5 years*
Janus Henderson European Absolute Return I Acc	0.16%	3.68%	4.36%	8.08%	7.05%
IA Targeted Absolute Return	2.04%	3.03%	5.66%	5.02%	4.22%
Bank Of England Sterling Overnight Index Average	0.99%	2.10%	4.60%	4.31%	2.65%

Overview

Fund Objective: 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. Consequently your capital is at risk. Performance target: To outperform SONIA +1% per annum, after the deduction of charges, over any 3 year period.

Manager name	Janus Henderson Global Investors Ltd
Manager start date	30 April 2018
Manager Biography	Robert Schramm-Fuchs is a Portfolio Manager at Janus Henderson Investors responsible for co-managing the Europe Large Cap Long/Short, Concentrated Pan Europe Equity and European Focus strategies. Mr. Schramm-Fuchs 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. Mr. Schramm-Fuchs received a diploma in international management from Friedrich-Schiller University of Jena. He has 17 years of financial industry experience.

Investment style:	Absolute Return
Region (geographical)	Europe

Benchmark	Bank Of England Sterling Overnight Index Average
Sector	IA Targeted Absolute Return
FE fundinfo Rating	3 of 5

Fees & charges

Fees and Charges

Fees and Charges
Charge	Who receives this?	What is it?	Amount
Initial charge:	The fund manager	Charges applied by the fund management company for investing in their fund. Please note that Investment Managers may charge each time you buy new units or shares in a fund or trust. Where Investment Managers would have an entry charge, we will negotiate to have it waived so you will not be charged.	N/A%
Ongoing Charges:	The fund manager	The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year.	0.92%
Performance Fee:	The fund manager	A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions.	20%
Typical transaction cost:	The fund manager	The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading.	0.188%*
Dealing commission:	Halifax	The cost of buying or selling some or all of your investment.	£9.50 (per online trade)

*This is an indication based on the market average. The fund’s actual transaction cost will be shown before you place a trade.
Account charges are not included
Key Investor Information Document (KIID)Open KIID document
Fees & Charges

Breakdown

Asset Allocation

Fund size: 20,207,937.16 GBX

Chart date: July 3, 2025

Top 10 Holdings

Top 10 Holdings
Security	Weight
United kingdom treasury bill 2025	73.44%
Raiffeisen bank international ag	7.39%
Lgim strlng liq fd-cl 4 dist	4.25%
Erste group bank ag	3.53%
Natwest group plc	2.53%
Persimmon public limited company	2.44%
Nvidia corp	2.38%
Orange	2.24%
Nemetschek se	2.06%
Alpha bank a e	2.06%

Sectors

Sectors
Sectors	Weight
Fixed Interest	73.44%
Financials	26.43%
Industrials	6.00%
Information Technology	4.27%
Consumer Discretionary	4.19%
Communications	2.02%
Utilities	1.25%
Health Care	0.70%
Materials	-0.19%
Energy	-1.52%

World regions

World regions
Country	Weight
United Kingdom	82.97%
Austria	10.92%
Germany	8.70%
France	4.43%
Spain	3.71%
Italy	2.75%
United States	2.38%
Greece	2.06%
Switzerland	1.75%
Belgium	1.31%

ESG

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.

This product uses terms and/or marketing related to sustainability. It does not have a label, but the manager is required to produce a disclosures document.

The FCA website sets out further information in relation to the sustainability labelling and disclosure requirements.

Disclosure Document

Janus Henderson European Absolute Return I Acc