Please ensure Javascript is enabled for purposes of website accessibility European Focus Fund - Janus Henderson Investors
For financial professionals in the UK

European Focus Fund

Invests with high conviction in European (ex UK) companies, wherever the most compelling opportunities exist, regardless of style or market cap

ISIN
GB00B54J0L85

NAV
GBP 396.90p
As of 12/07/2024

1-Day Change
GBP 0.50p (0.13%)
As of 12/07/2024

Morningstar Rating

As of 30/06/2024

Morningstar Medalist Rating ™

Silver Morningstar Analyst Rating
As of 20/09/2023

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of capital growth and income over the long term (5 years or more).

More

The Fund invests at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, in any industry, in Europe (excluding UK). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. The portfolio may be concentrated in terms of its number of holdings and/or the size of its largest holdings. The Fund may also invest in other assets including 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 FTSE World Europe Ex UK Index, which is broadly representative of the companies in which it may invest, as this can provide a useful comparator for assessing the Fund's performance. The Investment Manager has discretion to choose investments for the Fund with weightings different to the index or not in the index. As an additional means of assessing the performance of the Fund, the IA Europe ex UK sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

Less

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

  • The managers believe that the best approach to investing in European equities is to construct a portfolio of high-conviction stock ideas, regardless of market cap (company size) or style constraints. The fund seeks to invest in an unconstrained manner wherever the most compelling opportunities exist.
  • There are thousands of listed equities in Europe, many of which have little or no analyst coverage. We believe this creates pricing inefficiencies that can be exploited by the fund managers through company analysis and stock picking.
  • The fund is managed by Robert Schramm-Fuchs, Marc Schartz and John Bennett, members of Janus Henderson’s Pan European Equities team, which includes large-, mid- and small-cap specialists, and conducts several hundred company meetings every year.
Past performance does not predict future returns. 
 

RATINGS AND AWARDS

©2023 FE fundinfo. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE fundinfo, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE fundinfo, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate. FE fundinfo shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE fundinfo does not guarantee that a fund will perform in line with its FE Investments Approved Rating as it is a reflection of past performance only. Likewise, the FE Investments Approved Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.

PORTFOLIO MANAGEMENT

Robert Schramm-Fuchs

Portfolio Manager

Industry since 2005. Joined Firm in 2014.

Marc Schartz, CFA

Portfolio Manager

Industry since 2004. Joined Firm in 2016.

John Bennett

Director of European Equities | Portfolio Manager

Industry since 1987. Joined Firm in 2011.

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.
Discrete Performance (%)
As of 30/06/2024
I Acc (Net) FTSE World Europe ex UK TR IA Europe ex UK
 
Quarter End
As of 30/06/2024
Jun-2023 - Jun-2024 Jun-2022 - Jun-2023 Jun-2021 - Jun-2022 Jun-2020 - Jun-2021 Jun-2019 - Jun-2020
I Acc (Net) 21.67 18.93 -10.87 25.47 4.27
FTSE World Europe ex UK TR 13.43 19.64 -10.08 22.83 0.55
IA Europe ex UK 11.68 18.65 -12.50 23.75 0.98

Index Description

The FTSE World Europe (Ex UK) Index is a measure of the combined performance of large and medium sized companies from developed and advanced emerging European stock markets excluding the UK. It provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Cumulative & Annualised Performance (%)
As of 30/06/2024
I Acc (Net) FTSE World Europe ex UK TR IA Europe ex UK
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
31/01/2001
I Acc (Net) -1.76 8.69 21.67 8.85 11.03 9.95 7.52
FTSE World Europe ex UK TR -1.64 7.13 13.43 6.86 8.55 8.72 6.30
IA Europe ex UK -2.06 5.65 11.68 5.06 7.70 8.11 5.90

Index Description

The FTSE World Europe (Ex UK) Index is a measure of the combined performance of large and medium sized companies from developed and advanced emerging European stock markets excluding the UK. It provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
As of 30/06/2024
I Acc (Net) FTSE World Europe ex UK TR IA Europe ex UK
2023 2022 2021 2020 2019
I Acc (Net) 20.36 -4.70 15.52 11.18 24.02
FTSE World Europe ex UK TR 15.68 -6.98 17.40 8.62 20.45
IA Europe ex UK 14.25 -8.90 15.65 10.53 20.38

Index Description

The FTSE World Europe (Ex UK) Index is a measure of the combined performance of large and medium sized companies from developed and advanced emerging European stock markets excluding the UK. It provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
Year I Acc (Net) Index
2023 20.36 15.68
2022 -4.70 -6.98
2021 15.52 17.40
2020 11.18 8.62
2019 24.02 20.45
2018 -9.79 -9.45
2017 13.65 17.53
2016 15.26 19.69
2015 10.28 5.35
2014 5.02 0.16
2013 28.65 25.18
2012 22.43 17.82
2011 -9.26 -14.71
2010 12.78 5.75
2009 11.10 20.09
2008 -27.68 -23.99
2007 9.39 15.72
2006 15.23 20.13
2005 27.05 24.08
2004 19.88 13.83
2003 26.67 29.74
2002 -26.00 -27.04
2001 from 31/01/2001 -13.85 -22.24
FEE INFORMATION
Initial Charge 0.00%
Annual Charge 0.75%
Ongoing Charge
(As of 30/11/2023)
0.86%

Portfolio

Top Holdings (As of 31/05/2024)
% of Fund
Novo Nordisk 6.22
ASML 5.89
TotalEnergies 4.84
LVMH Moet Hennessy Louis Vuitton 3.76
Nestlé 3.30
UniCredit 3.19
Safran 2.99
ASM International 2.81
Schneider Electric 2.65
L'Oreal 2.60

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.
  • 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, i.e. mitigated by taking an offsetting position in a related security), 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 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.
  • Some documents are available in alternative formats. Click here for information on how to request them.
  • 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