Please ensure Javascript is enabled for purposes of website accessibility European Focus Fund - Janus Henderson Investors
For Financial Professionals in the US

HFERX European Focus Fund

Invests with high conviction in European companies, wherever the most compelling opportunities exist, regardless of style or market cap

NAV
$48.11
As of 10/10/2024

1-Day Change
-$0.17 (-0.35%)
As of 10/10/2024

YTD Return
10.22%
As of 10/10/2024

Morningstar Rating

As of 09/30/2024

Morningstar Medalist Rating ™

Silver Morningstar Analyst Rating
As of 08/31/2024

Overview

ABOUT THIS FUND

A regional equity fund that seeks to achieve long-term capital appreciation primarily through investment in European companies. The management team applies a high-conviction approach, with a focus on opportunities that offer material upside potential, regardless of style.

WHY INVEST IN THIS FUND

Flexible Style

We believe that the best way to make money for investors is by constructing a portfolio of high-conviction stock ideas, regardless of market cap or style constraints. The Fund seeks to invest in an unconstrained manner wherever the most compelling opportunities exist.

Bottom-Up Stock Selection

There are thousands of listed equities in Europe, many of which have little or no analyst coverage. We believe this creates pricing inefficiencies that can be exploited through bottom-up stock picking.

Dedicated European Experts

The Fund is managed by Robert Schramm-Fuchs, a member of Janus Henderson’s Pan European Equities team. The team includes large-, mid- and small-cap specialists, and conducts several hundred company meetings every year.

RATINGS AND AWARDS

2024 Lipper Awards Winner United States

Portfolio Management

Robert Schramm-Fuchs

Portfolio Manager

Industry since 2005. Joined Firm in 2014.

Marc Schartz, CFA

Portfolio Manager

Industry since 2004. Joined Firm in 2016.

Performance

RETURNS (%) (As of 09/30/2024)
European Focus Fund - Class N Shares MSCI Europe IndexSM
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(08/31/2001)
European Focus Fund - Class N Shares 4.03 12.37 27.93 5.76 14.54 5.80 11.61
MSCI Europe IndexSM 6.58 12.77 25.23 6.66 8.90 5.59 5.98
RETURNS (%) (As of 09/30/2024)
European Focus Fund - Class N Shares MSCI Europe IndexSM
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(08/31/2001)
European Focus Fund - Class N Shares 4.03 12.37 27.93 5.76 14.54 5.80 11.61
MSCI Europe IndexSM 6.58 12.77 25.23 6.66 8.90 5.59 5.98
Calendar Year Returns (%)
European Focus Fund - Class N Shares MSCI Europe IndexSM
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
European Focus Fund - Class N Shares 18.64 -15.84 19.23 26.92 31.93 -27.58 16.32 -7.00 2.72 -4.99
MSCI Europe IndexSM 19.89 -15.06 16.30 5.38 23.77 -14.86 25.51 -0.40 -2.84 -6.18

Morningstar Percentile

 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 19 51 1 48 7
Europe Stock | Rank/Count 22/83 33/83 1/83 24/67 5/50
 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 19 51 1 48 7
Europe Stock | Rank / Count 22/83 33/83 1/83 24/67 5/50

Returns-Based Statistics (As of 08/31/2024 Class I Shares)

RISK / REWARD
VS. MSCI Europe Net Index
3YR 5YR
Information Ratio -0.11 0.92
Alpha -0.43 5.63
Tracking Error 5.05 5.94
Beta 1.08 0.98
R-squared (%) 94.29 90.79
UP/DOWN MARKET CAPTURE (%)
MSCI Europe Net Index
3YR 5YR
Up Capture Ratio 108.73 119.43
Down Capture Ratio 107.64 97.47
STANDARD DEVIATION 3YR 5YR
European Focus Fund 20.46 19.73
MSCI Europe Net Index 18.38 19.16
SHARPE RATIO 3YR 5YR
European Focus Fund 0.03 0.65
MSCI Europe Net Index 0.07 0.36
Annual Fees & Expenses (As of the most recent prospectus)
CLASS N SHARES
Management Fees 1.00%
Other Expenses 0.21%
Total Gross Expenses 1.21%
Waivers -0.25%
Total Net Expenses 0.96%

Portfolio

Index represents the MSCI Europe Net (USD).

Top Holdings (As of 08/31/2024)
% of Fund
Novo Nordisk A/S 5.51
ASML Holding NV 5.43
Novartis AG 4.33
TotalEnergies SE 4.27
AstraZeneca PLC 3.86
Deutsche Telekom AG 3.34
LVMH Moet Hennessy Louis Vuitton SE 3.24
RELX PLC 2.65
Allianz SE 2.53
UniCredit SpA 2.51
TOTAL 37.67
View full holdings
Portfolio Characteristics (As of 08/31/2024)
  FUND INDEX
Number of Holdings
Equity Issues
42 417
Market Capitalization
Weighted Average
$112.59B $95.63B
Portfolio Turnover Rate
(1-year trailing)
176.85% -
Price/Earnings Ratio
(1-year forward)
15.76 13.56
Price/Book Ratio
2.94 2.10
Earnings Growth Rate
(1-year forward)
15.05% 11.69%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 08/31/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of 08/31/2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 08/31/2024

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