For financial professionals in Sweden

US Research Fund

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


USD 14.74
As of 01/07/2022

1-Day Change
USD 0.14 (0.96%)
As of 01/07/2022

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 Russell 1000 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 the United States.
The Fund may also invest in other assets including companies outside the United States, 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 Russell 1000 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 a Marketing Communication and does not qualify as an investment recommendation.


  • 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. 


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 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 (%)
As of 31/05/2022
H2 USD (Net) Russell 1000 TR
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
H2 USD (Net) 0.25 -15.23 -5.05 13.84 12.08 12.81 8.35
Russell 1000 TR -0.15 -13.72 -2.71 16.02 13.12 14.24 8.76
3YR 5YR 10YR Since Inception
H2 USD (Gross) - 13.25 14.08 9.66
Russell 1000 TR + 2.00% - 15.38 16.53 10.94
Calendar Year Returns (%)
As of 31/12/2021
H2 USD (Net) Russell 1000 TR
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
H2 USD (Net) -6.79 23.44 23.44 28.85 -3.90 21.80 3.18 0.47 10.82 34.45 19.41
Russell 1000 TR -5.13 26.45 20.96 31.43 -4.78 21.69 12.05 0.92 13.24 33.11 16.42
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
H2 USD (Gross) -6.55 24.74 24.71 30.12 -2.90 23.25 4.42 1.68 12.14 36.05 20.85
Russell 1000 TR + 2.00% -4.67 28.98 23.39 34.05 -2.87 24.11 14.29 2.93 15.50 35.77 18.76
Calendar Year Returns (%)
Year H2 USD (Net) Index
2021 23.44 26.45
2020 23.44 20.96
2019 28.85 31.43
2018 -3.90 -4.78
2017 from 2017-12-15 21.80 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 -14.40 -21.65
Initial Charge 0.00%
Annual Charge 0.80%
Ongoing Charge
(As of 31/12/2021)


Top Holdings (As of 31/05/2022)
Microsoft Corp 7.34
Apple Inc 6.44
Alphabet Inc 4.42 Inc 3.51
JPMorgan Chase & Co 2.44
Procter & Gamble Co 2.36
Mastercard Inc 2.12
Constellation Brands Inc 1.96
Visa Inc 1.94
NVIDIA Corp 1.80
Total 34.33
Sector Allocation % OF FUND % OF FUND (As of 31/05/2022)
Regional Allocation % OF FUND % OF FUND (As of May 31, 2022)


  • 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 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.
  • 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.
  • Some or all of the ongoing charges may be taken from capital, which may erode capital or reduce potential for capital growth.
  • 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
  • Henderson Management SA 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 KIID before making any final investment decisions.