Janus Henderson Absolute Return Fund I Acc

Category Long/Short Equity - UK

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

219.90p

arrow-up0.20p (+0.09%)

Fund Code

HDUAB

B5KKCX1

GB00B5KKCX12

Prices updated as at 12 Dec 2025

Prices in GBX

Investment 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. The Fund invests in shares and makes extensive use of derivatives (complex financial instruments) to take both ‘long’ and ‘short’ positions in companies the investment manager believes will either rise in value (long positions) or fall in value (short positions) meaning that the Fund may benefit from either scenario.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , SDR Consumer facing disclosure, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Our view

Ben Wallace and Luke Newman who manage the fund aim to produce positive returns in both rising and falling markets
They can take both long and short positions in order to express views on individual companies
Strong focus on UK equities

Ben Wallace and Luke Newman are co-portfolio managers on this fund. Both have a wealth of experience managing UK equity and absolute return products. Wallace and Newman worked together at Gartmore before its acquisition in 2011 and have continued to work together on this fund.

The managers of this fund can take both long and short positions in order to express views on individual companies and occasionally on sectors and the trends impacting them from a macro perspective. They traditionally focus on UK equities, which form the core of their exposures.

The fund has a core and a tactical element. The core element focuses on companies they expect to show long-term structural growth or decline. The tactical element is focused on taking short term positions, although these are some times company specific, they can also be related to macro events or changes in government policy.

The main benefit of this fund is that it aims to offer returns which are significantly more stable than that of a long-only exposure, with typically limited drawdowns. Furthermore, it offer some diversification value compared to long-only funds.

Important Information

Investment values, and income from investments, can go down as well as up, so you may get back less than you invest. This is not a personal recommendation for a specific investment. If you're not sure which investments are suitable for you, consult Fidelity's advisers or another authorised financial adviser. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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