For financial professionals in Italy

Global Research Fund

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


EUR 22.07
As of 24/11/2021

1-Day Change
EUR 0.02 (0.09%)
As of 24/11/2021

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



The Fund aims to provide capital growth over the long term.
Performance target: To outperform the MSCI World Index by at least 2% per annum, before the deduction of charges, over any 5 year period.


The Fund invests at least 80% of its assets in shares (also known as equities) of mainly larger companies, in any industry, in any country.
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, to manage the Fund more efficiently, or to generate additional capital or income for the Fund.
The Fund is actively managed with reference to the MSCI 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 manager has discretion to choose individual 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. The investment manager will seek to maintain the portfolio with sector weightings close to those of the index.


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 for promotional purposes and does not qualify as an investment recommendation.


  • Deep fundamental research identifies industry-leading companies with brand power and enduring business models
  • High-conviction portfolio of best ideas regardless of market cap, geography, or industry
  • Portfolio construction minimizes macro factors and isolates security selection as the driver of performance
Past performance is not a guide to future performance. 


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.


Past performance is not a guide to future performance. 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 30/09/2021
A2 HEUR (Net) MSCI World NR EUR Hgd
Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017
A2 HEUR (Net) 24.04 10.08 -4.17 7.57 13.37
MSCI World NR EUR Hgd 27.87 6.88 0.53 10.16 16.38
Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017
A2 HEUR (Gross) 26.88 12.70 -1.78 10.26 16.21
MSCI World NR EUR Hgd + 2.00% 30.43 9.02 2.55 12.35 18.70
Cumulative & Annualised Performance (%)
As of 31/10/2021
A2 HEUR (Net) MSCI World NR EUR Hgd
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
A2 HEUR (Net) 5.71 15.81 35.78 14.99 11.71 8.35 5.27
MSCI World NR EUR Hgd 5.48 20.54 39.22 15.98 13.37 12.02 6.63
3YR 5YR 10YR Since Inception
A2 HEUR (Gross) - 14.43 11.03 7.88
MSCI World NR EUR Hgd + 2.00% - 15.63 14.26 8.76
A2 HEUR (Net) MSCI World NR EUR Hgd
2016 2017 2018 2019 2020
A2 HEUR (Net) -1.98 20.17 -11.68 21.42 15.41
MSCI World NR EUR Hgd 7.79 16.79 -9.38 24.58 11.86
2016 2017 2018 2019 2020
A2 HEUR (Gross) 0.48 23.17 -9.48 24.45 18.11
MSCI World NR EUR Hgd + 2.00% 9.95 19.12 -7.56 27.07 14.10
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 30/06/2021)


Top Holdings (As of 31/10/2021)
Microsoft Corp 5.18
Alphabet Inc 3.46 Inc 3.17
ASML Holding NV 2.96
Apple Inc 2.45
JPMorgan Chase & Co 2.12
Adobe Inc 1.96
Constellation Brands Inc 1.75
Ferguson PLC 1.72
Hexagon AB 1.70
Total 26.47
Sector Allocation % OF FUND % OF FUND (As of 31/10/2021)
Information Technology 26.92
Financials 13.03
Health Care 12.68
Consumer Discretionary 11.28
Industrials 11.14
Communication Services 10.25
Consumer Staples 4.48
Energy 4.12
Materials 3.91
Utilities 2.10
Cash & Equivalents 0.09
Regional Allocations % OF FUND % OF FUND (As of October 31, 2021)
North America 73.07
Europe 19.19
Asia/Pacific Ex Japan 5.36
Japan 0.96
Latin America 0.93
Africa/Mideast 0.40
Cash & Equivalents 0.09


  • 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 is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares 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.
  • The Fund may use derivatives towards the aim of achieving its investment objective. This can result in 'leverage', which can magnify an investment outcome and gains or losses to the Fund may 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.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • When the Fund, or a hedged share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency, the hedging strategy itself may create a positive or negative impact to 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.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights