HDIVX Dividend & Income Builder Fund

A global strategy that aims to provide investors a stream of high income over time from both equity and fixed income securities

NAV
$12.99
As of 09/18/2020

1-Day Change
-$0.08 (-0.61%)
As of 09/18/2020

YTD Return
-4.11%
As of 09/18/2020

Overview

ABOUT THIS FUND

A globally diversified portfolio of income-producing securities. The Fund combines dividend-paying equities of U.S. and non-U.S. companies with an allocation to fixed income securities, including but not exclusively, high-yield and investment-grade corporate bonds. The Fund employs a bottom-up stock selection process with asset allocation decisions driven by an assessment of the relative attractiveness of income opportunities and views on the market environment.

WHY INVEST IN THIS FUND

Seeks High & Rising Income
We seek to provide a level of income which exceeds the average yield of global stocks and aims to provide a growing stream of income over time.

Risk-Aware Asset Allocation
The fixed income allocation is used opportunistically to potentially preserve capital when the portfolio management team thinks the macro environment dictates. This allows the team to seek to reduce volatility further where appropriate.

Experienced Management Team
Respected equity and fixed income teams with extensive investment management experience.

Knowledge. Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions. We call this ethos Knowledge. Shared.

PORTFOLIO MANAGEMENT

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager  

Industry since 1998. Joined Firm in 2004.

Job Curtis

Director, Global Equity Income | Portfolio Manager

Industry since 1983. Joined Firm in 1987.

Alex Crooke

Co-Head of Equities – EMEA and Asia Pacific | Portfolio Manager

Industry since 1990. Joined Firm in 1994.

Jenna Barnard, CFA

Co-Head of Strategic Fixed Income | Portfolio Manager

Industry since 2001. Joined Firm in 2002.

John Pattullo

Co-Head of Strategic Fixed Income | Portfolio Manager

Industry since 1993. Joined Firm in 1997.

Performance

RETURNS (%) (As of 06/30/2020)
Dividend & Income Builder Fund - Class I Shares MSCI World Index℠ 75% MSCI World/25% BBgBarc Global Agg Credit (USD Hedged) Index
 
3M YTD 1YR 3YR 5YR Since Inception
(08/01/2012)
Dividend & Income Builder Fund - Class I Shares 10.67 -9.06 -2.68 1.81 3.66 6.18
MSCI World Index℠ 19.36 -5.77 2.84 6.70 6.90 9.56
75% MSCI World/25% BBgBarc Global Agg Credit (USD Hedged) Index 16.18 -3.35 4.10 6.63 6.63 8.40
RETURNS (%) (As of 08/31/2020)
Dividend & Income Builder Fund - Class I Shares MSCI World Index℠ 75% MSCI World/25% BBgBarc Global Agg Credit (USD Hedged) Index
 
3M YTD 1YR 3YR 5YR Since Inception
(08/01/2012)
Dividend & Income Builder Fund - Class I Shares 8.44 -3.52 5.17 2.99 5.50 6.82
MSCI World Index℠ 14.74 5.34 16.79 9.82 10.42 10.87
75% MSCI World/25% BBgBarc Global Agg Credit (USD Hedged) Index 11.84 5.57 14.11 8.99 9.34 9.41
CALENDAR YEAR RETURNS (%)
Dividend & Income Builder Fund - Class I Shares MSCI World Index℠
 
  2013 2014 2015 2016 2017 2018 2019
Dividend & Income Builder Fund - Class I Shares 20.81 1.10 1.68 4.45 17.78 -9.07 18.84
MSCI World Index℠ 26.68 4.94 -0.87 7.51 22.40 -8.71 27.67

MORNINGSTAR PERCENTILE

(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 53 53 36 - 14
World Allocation Category|Rank/Count 282/488 256/439 164/410 -/- 60/372
(As Of 08/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 45 52 47 - 18
World Allocation Category|Rank/Count 238/482 254/433 194/405 -/- 69/367
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 08/31/2020 Class I Shares)

RISK / REWARD
VS. MSCI World Index℠
3YR 5YR
Information Ratio -1.12 -0.90
Alpha -3.78 -1.74
Tracking Error 6.11 5.44
Beta 0.70 0.70
R-squared (%) 92.00 90.24
UP/DOWN MARKET CAPTURE (%)
VS. MSCI World Index℠
3YR 5YR
Up Capture Ratio 58.88 64.09
Down Capture Ratio 79.64 77.03
STANDARD DEVIATION 3YR 5YR
Dividend & Income Builder Fund 12.22 10.63
MSCI World Index℠ 16.76 14.41
SHARPE RATIO 3YR 5YR
Dividend & Income Builder Fund 0.11 0.41
MSCI World Index℠ 0.49 0.64
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/2019)
CLASS I SHARES
Management Fees 0.75%
12b-1 Fees -
Other Expenses 0.32%
Total Gross Expenses 1.07%
Waivers -0.14%
Total Net Expenses 0.93%

Portfolio

Index represents the MSCI World Index℠.

Top Holdings (As of 08/31/2020)
% of Fund
Microsoft Corp 4.11
Taiwan Semiconductor Manufacturing Co Ltd (ADR) 2.62
Nestle SA 2.47
Cisco Systems Inc 2.09
Novartis AG 2.02
Medtronic PLC 1.79
UBS Group AG 1.74
Samsung Electronics Co Ltd 1.71
Unilever NV 1.70
Bristol-Myers Squibb Co 1.60
Total 21.85
View full holdings
Portfolio Characteristics (As of 08/31/2020)
  FUND INDEX
Number of Holdings
Equity Issues
70 1601
Number of Holdings
Debt Issues
39 0
Market Capitalization
Weighted Average
$193.61B $348.09B
Portfolio Turnover Rate
(1-year trailing)
62.67% -
Price/Earnings Ratio
(1-year forward)
19.15 29.40
Price/Book Ratio
(1-year forward)
4.52 5.01
Earnings Growth Rate
(1-year forward)
-6.52% -6.90%
Weighted Average Maturity
(years)
9.13 -
Effective Duration
(years)
6.40 0.00
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 08/31/2020)
Europe 51.13 19.02
North America 41.37 69.64
Asia/Pacific Ex Japan 5.82 3.60
Japan 0.71 7.55
Cash & Equivalents 0.97 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 08/31/2020)
Over $100B 27.31 44.78
$50B to $100B 15.79 17.73
$10B to $50B 28.04 31.30
$5B to $10B 3.47 5.00
$1B to $5B 1.00 1.00
N/A 1.71 0.20
MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 08/31/2020)
1 - 3 yrs 1.53 -
3 - 5 yrs 1.10 -
5 - 7 yrs 4.00 -
7 - 10 yrs 10.84 -
10 - 20 yrs 4.17 -
> 20 yrs 0.07 -

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