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For professional investors in Brazil

US Research Fund

Sector specialists conduct independent research to construct a high-conviction portfolio of best ideas, regardless of market cap or subsector

ISIN
IE0031139383

NAV
USD 49.78
As of 20/03/2023

1-Day Change
USD 0.37 (0.75%)
As of 20/03/2023

Morningstar Rating
As of 28/02/2023

Overview

INVESTMENT OBJECTIVE

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

Sector specialists conduct independent research to construct six sector portfolios that combine to form a diversified fund
High-conviction portfolio of best ideas, regardless of market cap or industry
Portfolio construction minimises macro factors and isolates security selection as the driver of performance

Past performance does not predict future returns.

GLOSSARY

Fund Details

Asset class	Equities
Product Structure	Irish Investment Company
Inception Date	11 Jan 2002
Base Currency	USD
Fund Assets As of 28/02/23	$7.17M
Sector	Morningstar U.S. Large-Cap Growth Equity
Benchmark	Russell 1000
Year End	31-Dec

Share Class Facts

Distribution Type	Accumulation
ISIN	IE0031139383
Sedol Code	3113938
Lipper Code	-
WKN Code	983744
Valoren Code	-
Pay Dates	N/A
XD Dates	N/A
Inception Date	11 Jan 2002
Currency Code	USD
Minimum Initial Investment	1.000.000,00
Minimum Top Up Amount	-

PORTFOLIO MANAGEMENT

Janus Henderson Central Research Team

The Janus Henderson Central Research Team is overseen by the Portfolio Oversight Team, headed by Director of Research, Matt Peron.

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
Calendar Year Performance

Cumulative & Annualised Performance (%)
As of 28/02/2023

I2 USD (Net) Russell 1000 TR

	Cumulative			Annualised
	1MO	YTD	1YR	3YR	5YR	10YR	Since Inception 11/01/2002
I2 USD (Net)	-2.20	4.57	-8.74	10.73	8.89	10.58	7.90
Russell 1000 TR	-2.38	4.17	-8.21	11.92	9.68	12.09	8.32

				Annualised
				3YR	5YR	10YR	Since Inception 11/01/2002
I2 USD (Gross)				-	10.17	11.89	9.24
Russell 1000 TR + 2.00%				-	11.87	14.33	10.49

Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.

Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.

Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.

Calendar Year Returns (%)
As of 31/12/2022

I2 USD (Net) Russell 1000 TR

	YTD	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
I2 USD (Net)	-20.56	-20.56	23.20	23.26	28.53	-4.05	21.85	3.18	0.47	10.82	34.45
Russell 1000 TR	-19.13	-19.13	26.45	20.96	31.43	-4.78	21.69	12.05	0.92	13.24	33.11

View full calendar year performance history

Calendar Year Returns (%)

Year	I2 USD (Net)	Index
2022	-20.56	-19.13
2021	23.20	26.45
2020	23.26	20.96
2019	28.53	31.43
2018	-4.05	-4.78
2017	21.85	21.69
2016	3.18	12.05
2015	0.47	0.92
2014	10.82	13.24
2013	34.45	33.11
2012	19.41	16.42
2011	-5.81	1.50
2010	16.00	16.10
2009	38.94	28.43
2008	-43.71	-37.60
2007	11.26	5.77
2006	9.96	15.46
2005	15.78	6.27
2004	12.07	11.40
2003	22.90	29.89
2002 from 11/01/2002	-14.40	-21.65

Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.

Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.

Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.

FEE INFORMATION


Initial Charge	2.00%
Annual Charge	0.95%
Ongoing Charge (As of 31/12/2021)	1.20%

The ongoing charge is calculated using the PRIIPs methodology. The PRIIPs methodology differs to the UCITS ongoing charge methodology, as the PRIIPS methodology captures additional recurring charges, including but not limited to: a. Interest paid on borrowing (e.g. bank interest) b. Any fees incurred in relation to stock-lending activity (i.e. the fee paid to the lending agent) c. Any costs associated with holding closed-ended vehicles.

For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

Portfolio

Top Holdings (As of 28/02/2023)

	% OF FUND
Microsoft Corp	6.91
Apple Inc	6.56
Alphabet Inc	3.57
Amazon.com Inc	3.00
JPMorgan Chase & Co	2.82
NVIDIA Corp	2.29
Procter & Gamble Co	2.12
Mastercard Inc	2.11
Visa Inc	2.02
Constellation Brands Inc	1.84
Total	33.24

References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.

Sector
Region

Sector Allocation	% OF FUND	% OF FUND	(As of 28/02/2023)

Regional Allocation	% OF FUND	% OF FUND	(As of February 28, 2023)

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.
If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
The Fund may use derivatives to help achieve its investment objective. This can result in leverage (higher levels of debt), which can magnify an investment outcome. Gains or losses to the Fund may therefore be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
When the Fund, or a share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency (hedge), the hedging strategy itself may positively or negatively impact the value of the Fund due to differences in short-term interest rates between the currencies.
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 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 KID before making any final investment decisions.

About Janus Henderson Investors

Our people

Environmental, Social and Governance (ESG)

Diversity, Equity and Inclusion

Filter by asset class

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Regulatory information

Explore insights

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