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For Financial Professionals in the US

European Focus Fund Holdings

Full Portfolio Holdings

(As of 11/30/2025)

% OF INVESTMENTS
Erste Group Bank AG 4.49
ASML Holding NV 4.02
Allianz SE 3.88
AstraZeneca PLC 3.76
Banco Santander SA 3.31
Roche Holding AG 3.17
Novartis AG 3.15
Iberdrola SA 3.05
Banco Bilbao Vizcaya Argentaria SA 3.00
LVMH Moet Hennessy Louis Vuitton SE 2.99
Nestle SA 2.97
Argenx SE 2.95
Cie Financiere Richemont SA 2.76
Verisure PLC 2.57
Airbus SE 2.53
Deutsche Bank AG 2.51
InterContinental Hotels Group PLC 2.50
Rheinmetall AG 2.48
Danone SA 2.41
UniCredit SpA 2.29
ABN AMRO Bank NV 2.28
FinecoBank Banca Fineco SpA 2.10
EssilorLuxottica SA 2.02
ASR Nederland NV 1.98
Safran SA 1.93
Heidelberg Materials AG 1.93
Rolls-Royce Holdings PLC 1.87
Antofagasta PLC 1.85
Siemens Energy AG 1.84
ACS Actividades de Construccion y Servicios SA 1.83
Koninklijke Ahold Delhaize NV 1.82
CRH PLC 1.80
ASM International NV 1.72
Knorr-Bremse AG 1.69
NatWest Group PLC 1.53
Chocoladefabriken Lindt & Spruengli AG 1.51
Indra Sistemas SA 1.43
Leonardo SpA 1.34
Ryanair Holdings PLC 1.32
Alstom SA 1.26
Cie de Saint-Gobain SA 1.21
Nemetschek SE 1.15
Hexagon AB 1.14
Cash & Equivalents 0.66
Janus Henderson publishes this listing of securities held as of the most recently available disclosure period, which varies depending on the portfolio. Any portion of holdings may be excluded from publication when deemed in the best interest of the portfolio. Securities are reported at market value.
The portfolio data and its presentation here is based on the investment book of record and may differ from the accounting book of record and complete schedules of investments in regulatory filings due to differing accounting and reporting standards.