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

HFQIX Global Equity Income Fund

A high-conviction strategy that targets high, dependable income from high-yielding, high-quality global equities

NAV
$6.33
As of 12/03/2024

1-Day Change
$0.03 (0.48%)
As of 12/03/2024

YTD Return
10.33%
As of 12/03/2024

Morningstar Rating

As of 10/31/2024

Overview

ABOUT THIS FUND

A long-only portfolio that seeks a high level of current income and steady capital appreciation. The Fund seeks global, high-quality, income-producing equities with a focus on international companies.

WHY INVEST IN THIS FUND

Income, Regardless of Environment

With our global approach, we seek to take advantage of various market environments to find the best income-producing equities. We tend to focus on international equities where the income-generating potential may be greater.

Regional Rotation Strategy

We use a specialized rotation strategy intended to capitalize on the global seasonality of dividends.

Differentiated Income Option

The Fund may be an attractive alternative to preferred stock and fixed income. The Fund holds 100% equities with no leverage and a quarterly dividend distribution schedule.

A History of High, Dependable Income

By investing in quality companies and leveraging a specialized regional rotation strategy, the Fund has been able to capitalize on higher dividends paid out overseas to generate an attractive level of income since inception.

A Record of Regular Distribution
Quarterly distribution yield – Class I Shares (9/30/07 – 9/30/24)

chart, histogram

Distribution yields are as of each quarter-end. Data is for Class A Shares from 6/30/07 – 3/31/09 and Class I Shares from 4/30/09 – Present. Class I Shares became available in 2009. Distribution Yield is calculated by taking the trailing 365 days of distributions and dividing by the net asset value on the last business day for the same period.

The yield does not include long- or short-term capital gains distributions.

As of 9/30/24, the 30-Day SEC Yield with/without waivers was 4.18/4.18%. 30-Day SEC yield is a standardized yield calculated based on a snapshot of current underlying holdings and doesn’t account for active trading throughout a full calendar year.

Portfolio Management

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

Alex Crooke, ASIP

Portfolio Manager

Industry since 1990. Joined Firm in 1994.

Job Curtis

Portfolio Manager

Industry since 1983. Joined Firm in 1987.

Performance

RETURNS (%) (As of 09/30/2024)
Global Equity Income Fund - Class I Shares MSCI World IndexSM 85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(11/30/2006)
Global Equity Income Fund - Class I Shares 6.02 11.90 21.39 7.73 7.74 5.42 4.92
MSCI World IndexSM 6.36 18.86 32.43 9.08 13.04 10.07 7.45
85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index 9.58 14.54 24.84 9.68 8.10 5.41 4.83
RETURNS (%) (As of 10/31/2024)
Global Equity Income Fund - Class I Shares MSCI World IndexSM 85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(11/30/2006)
Global Equity Income Fund - Class I Shares 0.60 8.76 20.30 5.39 6.52 5.04 4.73
MSCI World IndexSM 2.45 16.50 33.68 6.38 12.02 9.78 7.29
85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index 1.72 9.61 24.06 7.39 6.41 5.02 4.55
Calendar Year Returns (%)
Global Equity Income Fund - Class I Shares MSCI World IndexSM
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Global Equity Income Fund - Class I Shares 10.45 -6.20 13.12 1.70 21.37 -15.67 19.60 4.90 -0.10 -1.61
MSCI World IndexSM 23.79 -18.14 21.82 15.90 27.67 -8.71 22.40 7.51 -0.87 4.94

Morningstar Percentile

 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 65 43 60 26 5
Foreign Large Value | Rank/Count 233/360 135/341 190/319 70/270 9/168
 (As of 11/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 21 40 44 25 5
Foreign Large Value | Rank / Count 87/372 141/355 145/332 67/284 10/168

Growth of a Hypothetical Investment

Global Equity Income Fund - Class I Shares 85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index Foreign Large Value

Returns-Based Statistics (As of 10/31/2024 Class I Shares)

RISK / REWARD
VS. 85% MSCI ACWI xUS HDY/15% MSCI USA HDY
3YR 5YR
Information Ratio -0.42 0.03
Alpha -1.64 0.38
Tracking Error 4.43 4.12
Beta 0.93 0.92
R-squared (%) 91.36 94.03
UP/DOWN MARKET CAPTURE (%)
85% MSCI ACWI xUS HDY/15% MSCI USA HDY
3YR 5YR
Up Capture Ratio 90.74 95.90
Down Capture Ratio 99.91 96.10
STANDARD DEVIATION 3YR 5YR
Global Equity Income Fund 14.88 16.09
85% MSCI ACWI xUS HDY/15% MSCI USA HDY 15.24 16.98
SHARPE RATIO 3YR 5YR
Global Equity Income Fund 0.10 0.25
85% MSCI ACWI xUS HDY/15% MSCI USA HDY 0.23 0.23
Annual Fees & Expenses (As of the most recent prospectus)
CLASS I SHARES
Management Fees 0.65%
Other Expenses 0.17%
Total Gross Expenses 0.82%
Waivers 0.00%
Total Net Expenses 0.82%

Portfolio

Top Holdings (As of 10/31/2024)
% of Fund
Unilever PLC 3.04
HSBC Holdings PLC 2.90
Williams Cos Inc 2.73
Verizon Communications Inc 2.67
Pernod Ricard SA 2.62
CME Group Inc 2.61
Rio Tinto PLC 2.60
British American Tobacco PLC 2.57
BP PLC 2.43
National Grid PLC 2.38
TOTAL 26.55
View full holdings
Portfolio Characteristics (As of 10/31/2024)
 
Number of Holdings
Equity Issues
71
Market Capitalization
Weighted Average
$129.48B
Portfolio Turnover Rate
(1-year trailing)
148.81%
Price/Earnings Ratio
(1-year forward)
10.93
Price/Book Ratio
1.74
Earnings Growth Rate
(1-year forward)
9.36%
Sector Allocation % of Fund % of Fund As of 10/31/2024
Regional Allocation % of Fund % of Fund As of 10/31/2024
Market Capitalization Range of Equity Holdings % of Fund % of Fund As of 10/31/2024

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