JOLIX Emerging Markets Managed Volatility Fund

Adapts based on actual market volatility, aiming to provide investors long-term growth potential and a smoother ride

NAV
$10.83
As of 10/17/2019

1 Day Change
$0.04 (0.37%)
As of 10/17/2019

YTD Return
6.07%
As of 10/17/2019

Morningstar Rating

As of 09/30/2019

Overview

ABOUT THIS FUND

This emerging markets equity fund seeks smaller drawdowns and a smoother ride over time by balancing downside mitigation with upside participation for any market environment. The Fund employs a systematic “dynamic beta” investment approach designed to adjust to changing risk environments, seeking up to 45% less volatility versus the MSCI Emerging Markets IndexSM.

WHY INVEST IN THIS FUND

Dynamic Beta Positioning

As risk in the market increases, the portfolio shifts to take a more defensive posture, targeting a lower beta than the index. When risk levels decrease, the portfolio migrates to a more market-like stance, targeting a higher beta, allowing for the full potential to benefit from the upward trend in the market.

30+ Years of Volatility Research

The Intech® dedicated volatility management team, with more than 30 years’ experience, is comprised of experts who have dedicated their life’s work, academic research and careers to developing this disciplined, repeatable and unemotional process based on the sole input of volatility.

Focus on Risk-Adjusted Return

Our process is designed to construct a portfolio of long-only stocks with the highest return potential and lowest risk. By seeking a smoother ride in a notoriously volatile asset class, the Fund may help investors maintain equity market exposure and have the opportunity to build more wealth over time.

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

Intech Team Managed

The Intech Research Team is overseen by the Portfolio Oversight Team headed by Adrian Banner, Ph.D.

Performance

RETURNS (%) (As of 09/30/2019)
Emerging Markets Managed Volatility Fund - Class I Shares MSCI Emerging Markets Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/17/2014)
Emerging Markets Managed Volatility Fund - Class I Shares -1.56% 4.80% 0.58% 7.27% - - 4.71%
MSCI Emerging Markets Index℠ -4.25% 5.89% -2.02% 5.97% 2.33% 3.37% 4.35%
RETURNS (%) (As of 09/30/2019)
Emerging Markets Managed Volatility Fund - Class I Shares MSCI Emerging Markets Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/17/2014)
Emerging Markets Managed Volatility Fund - Class I Shares -1.56% 4.80% 0.58% 7.27% - - 4.71%
MSCI Emerging Markets Index℠ -4.25% 5.89% -2.02% 5.97% 2.33% 3.37% 4.35%
CALENDAR YEAR RETURNS (%)
Emerging Markets Managed Volatility Fund - Class I Shares MSCI Emerging Markets Index℠
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Emerging Markets Managed Volatility Fund - Class I Shares - - - - - - -9.93 1.36 34.57 -4.91
MSCI Emerging Markets Index℠ - - - - - - -14.92 11.19 37.28 -14.57

MORNINGSTAR PERCENTILE

(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 41 20 - - 30
Diversified Emerging Mkts Category|Rank/Count 407/852 162/769 -/- -/- 225/685
(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 41 20 - - 30
Diversified Emerging Mkts Category|Rank/Count 407/852 162/769 -/- -/- 225/685
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 09/30/2019 Class I Shares)

Risk / Reward
vs. MSCI Emerging Markets Index℠
3YR 5YR
Information Ratio 0.20 -
Alpha 3.10 -
Tracking Error 6.37 -
Beta 0.66 -
R-squared (%) 82.75 -
Up And Down Market Capture (%)
vs. MSCI Emerging Markets Index℠
3YR 5YR
Up Capture Ratio 69.28 -
Down Capture Ratio 56.02 -
Standard Deviation 3YR 5YR
Emerging Markets Managed Volatility Fund 10.20 -
MSCI Emerging Markets Index℠ 14.04 15.55
Sharpe Ratio 3YR 5YR
Emerging Markets Managed Volatility Fund 0.56 -
MSCI Emerging Markets Index℠ 0.32 0.09
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/2018)
CLASS I SHARES
Management Fees 0.94%
12b-1 Fees -
Other Expenses 3.85%
Total Gross Expenses 4.79%
Waivers -3.71%
Total Net Expenses 1.08%

Portfolio

Index represents the MSCI Emerging Markets Index℠.

(As of 09/30/2019)
CP ALL PCL -
Chunghwa Telecom Co Ltd -
Far EasTone Telecommunications Co Ltd -
First Financial Holding Co Ltd -
Guangdong Investment Ltd -
InterGlobe Aviation Ltd -
JBS SA -
Public Bank Bhd -
Taiwan Cooperative Financial Holding Co Ltd -
Taiwan Mobile Co Ltd -
Total: 24.25
View full holdings
Portfolio Characteristics (As of 09/30/2019)
  FUND INDEX
Number of Holdings
Equity Issues
257 1201
Market Capitalization
Weighted Average
$21.26B $89.52B
Portfolio Turnover Rate
(1-year trailing)
73.29% -
Price/Earnings Ratio
(1-year forward)
21.41 18.19
Price/Book Ratio
(1-year forward)
3.77 2.85
Earnings Growth Rate
(1-year forward)
8.70% 5.21%

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Financials 24.26 24.68
Consumer Staples 16.22 6.90
Communication Services 15.14 11.53
Utilities 11.39 2.82
Consumer Discretionary 9.10 13.06
Industrials 7.23 5.34
Information Technology 4.73 15.13
Materials 4.23 7.34
Energy 3.60 7.67
Health Care 2.96 2.60
Real Estate 1.56 2.93
Cash & Equivalents -0.42 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Asia/Pacific Ex Japan 68.60 72.52
Latin America 16.43 12.00
Africa/Mideast 10.87 9.14
Europe 4.52 6.33
Cash & Equivalents -0.42 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 09/30/2019)
$15B to $25B 17.84 13.82
$25B to $100B 17.51 22.34
$2B to $15B 61.41 34.73
N/A 1.33 3.45
Over $100B 2.33 24.27
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Non-U.S. Emerging 100.42 99.89
Cash & Equivalents -0.42 -

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