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

Global Select Fund

By investing in companies across the market-cap and style spectrum, we seek to deliver risk-adjusted returns that are consistently good, not sporadically great.

ISIN
GB0007018194

NAV
GBP 5,291.00p
As of 21/05/2024

1-Day Change
GBP -16.00p (-0.30%)
As of 21/05/2024

Morningstar Rating

As of 30/04/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term. Performance target: To outperform the MSCI All Countries World Index by 2.5% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least 80%of its assets in a portfolio of shares (also known as equities) of companies, of any size, in any industry, in any country. The Fund may also invest in other assets including cash and money market instruments. The Investment Adviser 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 All Countries World 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 Adviser has discretion to choose investments for the Fund with weightings different to the index or not in the index. Asan additional means of assessing the performance of the Fund, the IA Global sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

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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

A global select fund seeking to grow capital by investing with conviction in companies worldwide where the portfolio managers believe the market underestimates free cash flow growth. The Fund considers both growth and value criteria as it seeks to deliver strong risk-adjusted returns over the long term, regardless of prevailing market conditions.

Flexible Global All-Cap Equities
The portfolio managers have the flexibility to invest in 40 to 65 companies across the globe, market cap, and style spectrum where free cash flow growth is believed to be underestimated by the market. The portfolio managers search for growing companies and attractive valuations.

Differentiated Insights
The intersection of independent viewpoints and differentiated perspectives between the portfolio managers and research analysts should lead to greater and more consistent excess returns over time.

Exacting Portfolio Construction
Taking a prudent approach to portfolio construction and risk management, the portfolio managers aim to drive superior risk-adjusted returns over the full market cycle through stock selection in an effort to avoid persistent biases.

Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Julian McManus

Portfolio Manager

Industry since 1994. Joined Firm in 2004.

Christopher O'Malley, CFA

Co-Portfolio Manager | Research Analyst

Industry since 1998. Joined Firm in 2017.

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 31/03/2024
Acc (Net) MSCI AC World TR IA Global
 
Quarter End
As of 31/03/2024
Mar-2023 - Mar-2024 Mar-2022 - Mar-2023 Mar-2021 - Mar-2022 Mar-2020 - Mar-2021 Mar-2019 - Mar-2020
Acc (Net) 23.21 -7.63 10.41 32.20 -0.44
MSCI AC World TR 21.18 -0.93 12.89 39.58 -6.22
IA Global 16.80 -2.79 8.14 40.58 -6.31

Index Description

The MSCI All Countries World Index is a measure of the combined performance of large and medium sized companies from both developed and emerging stock markets around the world. It forms the basis of the Fund's performance target and 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 30/04/2024
Acc (Net) MSCI AC World TR IA Global
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
10/05/2010
Acc (Net) -1.05 14.05 23.48 5.26 9.15 12.38 11.91
MSCI AC World TR -2.40 6.68 18.47 8.33 10.86 12.05 11.04
IA Global -2.36 5.34 14.27 4.78 8.71 9.84 9.17
 
  Annualised
3YR 5YR 10YR Since Inception
10/05/2010
Acc (Gross) - 11.37 14.70 14.28
MSCI AC World TR + 2.50% - 13.63 14.85 13.82

Index Description

The MSCI All Countries World Index is a measure of the combined performance of large and medium sized companies from both developed and emerging stock markets around the world. It forms the basis of the Fund's performance target and 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 31/03/2024
Acc (Net) MSCI AC World TR IA Global
2023 2022 2021 2020 2019
Acc (Net) 5.86 -14.45 20.76 18.89 20.75
MSCI AC World TR 15.88 -7.62 20.14 13.22 22.38
IA Global 12.67 -11.29 17.55 14.81 22.01

Index Description

The MSCI All Countries World Index is a measure of the combined performance of large and medium sized companies from both developed and emerging stock markets around the world. It forms the basis of the Fund's performance target and 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 Acc (Net) Index
2023 5.86 15.88
2022 -14.45 -7.62
2021 20.76 20.14
2020 18.89 13.22
2019 20.75 22.38
2018 -4.47 -3.27
2017 18.41 13.84
2016 22.29 29.40
2015 9.13 3.84
2014 13.11 11.22
2013 33.00 21.15
2012 10.49 11.67
2011 -9.38 -6.17
FEE INFORMATION
Initial Charge 4.25%
Annual Charge 1.50%
Ongoing Charge
(As of 30/11/2023)
1.97%

Portfolio

Top Holdings (As of 30/04/2024)
% of Fund
Microsoft 5.72
Taiwan Semiconductor Manufacturing 5.63
BAE Systems 4.25
Vistra 4.12
Marathon Petroleum 3.89
Liberty Media Corp-Liberty Formula One 3.42
Teck Resources 3.28
Samsonite International 2.90
Canadian Natural Resources 2.85
Ferguson 2.83

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.
  • 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.
  • 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