| Asset Group | Asset Sub-Group | Investment Category |
| Equities | UK equity income | Core |
Why we recommend itThis fund has been managed by Andrew Jones since 2012. He is supported by David Smith, a similarly highly experienced investor, and the Janus Henderson Global Equity Income team of 10 further individuals. Input on UK equities is also taken from across other teams at the group based in London and Denver. Â Environmental, social and governance (ESG) support is provided by a dedicated team who also conduct engagement and proxy voting. Exclusions are applied to the universe and ESG risk considerations integrated into the stock analysis and expected to be maintained at below benchmark levels based on Sustainalytics data. The investment approach is bottom-up and flexible with a focus on valuation and medium-term prospects backed by a defensible competitive position, affordable investment requirements and effective management. A consistent and sustainable outlook and a high yield or growing dividend are key requirements. The fund often has a slight growth bias versus UK Equity Income Category peers and has seen persistent biases to financials, IT, communication services and utilities versus peers and the FTSE All Share Index. The focus on dividend growth can result in a yield below that of peers and the benchmark at times, although recently the yield has been higher. There is the flexibility to invest up to 20% in overseas names. Opinion The manager has produced a strong and relatively consistent track record versus peers and his experience and tenure on this product is a key positive, along with the size and experience of the wider team that he is able to draw upon for input. Sustainability criteriaMorningstar Sustainable Attribute:Â This fund is considered a sustainable investment product based on its prospectus or other regulatory filings. As a General ESG Investment, the fund uses ESG criteria as a central part of the security-selection and portfolio-construction process. These strategies endeavour to promote sustainability and minimise negative impact, without focusing on a specific theme or area of action. | ||
| Information and data compiled to March 2024. | ||
Risk warnings
The information we provide in the ACE 40 investments list does not constitute a "personal recommendation". You should ensure that any investment decisions you make are suitable for your personal circumstances and that the ethical style of the investment reflects your personal beliefs.
Past performance of the underlying constituents is not a guarantee of future performance. Remember, the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.
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