For professional investors in Brazil

Emerging Markets Fund

A disciplined, risk-aware approach to accessing the long-term growth potential of high-quality companies operating in emerging markets

ISIN
LU0330915165

NAV
USD 9.08
As of 24/11/2022

1-Day Change
USD 0.08 (0.94%)
As of 24/11/2022


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of capital growth and income over the long term.
Performance target: To outperform the MSCI Emerging Markets Index by 2% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least two-thirds of its assets in shares (equities) and equity-related securities of companies, of any size, in any industry, in emerging markets. Companies will have their registered office in or do most of their business (directly or through subsidiaries) in emerging markets. 'Emerging markets' may be countries in the MSCI Emerging Markets Index, those included in the World Bank definition of developing (low and lower middle income) economies, or which are, in the investment manager’s opinion, developing.
The Fund may also invest in other assets including companies outside emerging markets, cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the MSCI Emerging Markets Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance target. The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • All-capitalisation core strategy pursues results from the lower end of the spectrum, managed by an experienced investment manager over many investment cycles.
  • By identifying mispriced securities across the market capitalization spectrum, we seek to deliver consistent risk-adjusted returns throughout market cycles.
  • Seeks multiple sources of return by looking to identifying the best opportunities within emerging markets.
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Daniel J. Graña, CFA

Portfolio Manager, Emerging Market Equity

Industry since 1995. Joined Firm in 2019.

Matthew Culley

Portfolio Manager | Research Analyst

Industry since 2008. Joined Firm in 2019.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Cumulative & Annualised Performance (%)
As of 31/10/2022
I2 USD (Net) MSCI Emerging Markets NR
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
19/06/2017
I2 USD (Net) -3.73 -33.34 -35.33 -4.56 -5.00 - -3.53
MSCI Emerging Markets NR -3.10 -29.42 -31.03 -4.41 -3.09 - -0.85
 
  Annualised
3YR 5YR 10YR Since Inception
19/06/2017
I2 USD (Gross) - -3.87 - -2.38
MSCI Emerging Markets NR + 2.00% - -1.16 - 1.13
Calendar Year Returns (%)
As of 31/12/2021
I2 USD (Net) MSCI Emerging Markets NR
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 PERFORMANCE INCEPTION
19/06/2017
I2 USD (Net) -30.75 -0.05 23.00 8.07 -16.90 - - - - - - 12.06
MSCI Emerging Markets NR -27.16 -2.54 18.31 18.44 -14.58 - - - - - - 16.02
 
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 PERFORMANCE INCEPTION
I2 USD (Gross) -30.15 1.11 24.58 9.34 -15.95 - - - - - - 12.79
MSCI Emerging Markets NR + 2.00% -26.07 -0.59 20.68 20.80 -12.86 - - - - - - 17.24
FEE INFORMATION
Initial Charge 0.00%
Annual Charge 1.00%
Ongoing Charge
(As of 31/03/2022)
1.17%

Portfolio

Top Holdings (As of 31/10/2022)
% of Fund
Taiwan Semiconductor Manufacturing 6.62
Samsung Electronics 5.37
ICICI Bank 4.11
Tencent 3.57
Housing Development Finance 3.57
Bharti Airtel 3.10
Saudi Telecom 3.03
Bank Negara Indonesia Persero 2.92
Regional 2.84
Alibaba Group 2.76

Documents

  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • Emerging markets expose the Fund to higher volatility and greater risk of loss than developed markets; they are susceptible to adverse political and economic events, and may be less well regulated with less robust custody and settlement procedures.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share/unit class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund may incur a higher level of transaction costs as a result of investing in less actively traded or less developed markets compared to a fund that invests in more active/developed markets. These transaction costs are in addition to the Fund's Ongoing Charges.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Information on compliance with EU sustainable related disclosures can be found here.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KIID before making any final investment decisions.