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For Approved Qualified Domestic Institutional Investors in China

Global Real Estate Equity Income Fund

Actively managed, high-conviction fund focused on the managers’ best ideas in listed property stocks and REITs, and aiming to deliver long-term capital appreciation

ISIN
IE0033534557

NAV
USD 21.23
As of 2023/03/17

1-Day Change
USD -0.37 (-1.71%)
As of 2023/03/17

Morningstar Rating
As of 2023/02/28

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a positive level of income and to seek to achieve capital growth over the long-term (5 years or more), with a focus on income generation.

The Fund invests at least 80% of its assets in shares (equities) of companies engaged in or related to the property industry and equity-related securities, including real estate investment trusts (REITs). The Fund may invest in companies of any size, in any country.

Less

ABOUT THIS FUND

A broad investable universe and selective approach enables the team to identify stocks with attractive dividend yield and growth characteristics
Managed by a global team of experts based in Singapore, the UK, and the US with more than 90 years’ collective investment experience
Offers a liquid means of diversifying into global real estate and benefitting from powerful secular themes influencing the asset class

Fund Details

Asset class	Equities
Product Structure	Irish Investment Company
Inception Date	29 Sep 2003
Base Currency	USD
Fund Assets As of 28/02/23	$202.54M
Sector	Morningstar Property - Indirect Global
Benchmark	FTSE EPRA Nareit Global REITs Index
Year End	31-Dec

Information on compliance with EU sustainable related disclosures can be found here.

Share Class Facts

Distribution Type	Accumulation
ISIN	IE0033534557
Sedol Code	3353455
Lipper Code	-
WKN Code	911943
Valoren Code	-
Pay Dates	N/A
XD Dates	N/A
Inception Date	29 Sep 2003
Currency Code	USD
Minimum Initial Investment	2,500.00
Minimum Top Up Amount	-

PORTFOLIO MANAGEMENT

Guy Barnard, CFA

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2003. Joined Firm in 2006.

Tim Gibson

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2001. Joined Firm in 2011.

Greg Kuhl, CFA

Portfolio Manager

Industry since 2005. Joined Firm in 2015.

Discrete Performance (%)
As of 2022/12/31

A2 USD

Quarter End As of 2022/12/31	Dec-2021 - Dec-2022	Dec-2020 - Dec-2021	Dec-2019 - Dec-2020	Dec-2018 - Dec-2019	Dec-2017 - Dec-2018
A2 USD	-23.09	20.88	0.52	29.26	-4.95

Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

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

A2 USD

View full calendar year performance history

Calendar Year Returns (%)

Year	A2 USD	Index
2022	-23.09	-24.45
2021	20.88	27.87
2020	0.52	-9.16
2019	29.26	23.58
2018	-4.95	-5.55
2017	15.65	15.01
2016	3.11	4.62
2015	-4.72	-0.41
2014	12.23	14.73
2013	5.98	2.24
2012	33.56	29.85
2011	-15.99	-8.14
2010	18.02	20.03
2009	51.59	41.25
2008	-50.14	-48.90
2007	-12.92	-4.65
2006	21.77	43.72
2005	5.06	-
2004	17.66	-
2003 from 29/09/2003	5.90	-

Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

FEE INFORMATION


Initial Charge	5.00%
Annual Charge	1.25%
Ongoing Charge (As of 2021/12/31)	2.18%

The ongoing charge is calculated using the Packaged Retail Investment Product (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.

Please refer to the offering documents for more details on the fees and expenses.

Portfolio

Top Holdings (As of 2023/02/28)

	% OF FUND
VICI Properties Inc	6.34
Prologis Inc	6.03
Welltower Inc	4.98
National Retail Properties Inc	4.48
Life Storage Inc	4.27
Digital Realty Trust Inc	4.24
Agree Realty Corp	4.00
Spirit Realty Capital Inc	3.81
Healthpeak Properties Inc	3.75
STAG Industrial Inc	3.72
Total	45.62

Portfolio holdings are subject to change without notice.

About Janus Henderson Investors

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Diversity, Equity and Inclusion

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Global Real Estate Equity Income Fund