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
$6.12
As of 04/24/2024

1-Day Change
-$0.01 (-0.16%)
 As of 04/24/2024

YTD Return
1.77%
As of 04/24/2024

Morningstar Rating

As of 03/31/2024

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.

PORTFOLIO MANAGEMENT

Ben Lofthouse, CFA

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

Alex Crooke, ASIP

Alex Crooke, ASIP

Portfolio Manager

Industry since 1990. Joined Firm in 1994.

Job Curtis

Job Curtis

Portfolio Manager

Industry since 1983. Joined Firm in 1987.

Performance

RETURNS (%) (As of 03/31/2024)
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 3.43 3.43 9.88 4.97 6.40 4.47 4.59
MSCI World IndexSM 8.88 8.88 25.11 8.60 12.07 9.39 7.13
85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index 2.62 2.62 13.67 5.74 6.29 4.44 4.31
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Performance for Class I Shares that includes periods prior to 6/5/17 reflects the performance of one or more share classes of a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

RETURNS (%) (As of 03/31/2024)
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 3.43 3.43 9.88 4.97 6.40 4.47 4.59
MSCI World IndexSM 8.88 8.88 25.11 8.60 12.07 9.39 7.13
85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index 2.62 2.62 13.67 5.74 6.29 4.44 4.31
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Performance for Class I Shares that includes periods prior to 6/5/17 reflects the performance of one or more share classes of a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

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 03/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 83 50 52 25 7
Foreign Large Value | Rank/Count 313/376 164/351 175/334 67/273 15/176
(As Of 03/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 83 50 52 25 7
Foreign Large Value | Rank / Count 313/376 164/351 175/334 67/273 15/176

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
Source: Morningstar, Inc.
This graph compares the performance of a hypothetical $1 investment in the fund, the fund’s Morningstar category average and its benchmark(s).

RETURNS-BASED STATISTICS (As of 03/31/2024 Class I Shares)

RISK / REWARD
VS. 85% MSCI ACWI xUS HDY/15% MSCI USA HDY		 3YR 5YR
Information Ratio -0.17 0.03
Alpha -0.55 0.39
Tracking Error 4.33 4.01
Beta 0.95 0.92
R-squared (%) 91.60 94.51
UP/DOWN MARKET CAPTURE (%)
VS. 85% MSCI ACWI xUS HDY/15% MSCI USA HDY		 3YR 5YR
Up Capture Ratio 97.23 96.20
Down Capture Ratio 100.87 96.46
STANDARD DEVIATION 3YR 5YR
Global Equity Income Fund 14.94 16.37
85% MSCI ACWI xUS HDY/15% MSCI USA HDY 15.07 17.25
SHARPE RATIO 3YR 5YR
Global Equity Income Fund 0.15 0.26
85% MSCI ACWI xUS HDY/15% MSCI USA HDY 0.19 0.24
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%
Net expense ratios reflect the expense waiver, if any, contractually agreed to for a one-year period commencing on January 26, 2024. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Portfolio

Top Holdings (As of 03/31/2024)
% of Fund
Taiwan Semiconductor Manufacturing Co Ltd (ADR) 3.86
Unilever PLC 3.09
British American Tobacco PLC 2.96
HSBC Holdings PLC 2.82
Carlsberg AS 2.59
Zurich Insurance Group AG 2.51
Merck & Co Inc 2.34
Volvo AB 2.29
Samsung Electronics Co Ltd 2.24
Williams Cos Inc 2.23
TOTAL 26.93
View full holdings
Portfolio Characteristics (As of 03/31/2024)
 
Number of Holdings
Equity Issues		 82
Market Capitalization
Weighted Average		 $100.35B
Portfolio Turnover Rate
(1-year trailing)		 135.42%
Price/Earnings Ratio
(1-year forward)		 11.50
Price/Book Ratio
 1.89
Earnings Growth Rate
(1-year forward)		 11.53%
Sector Allocation % OF FUND % OF FUND (As of 03/31/2024)
Regional Allocation % OF FUND % OF FUND (As of 03/31/2024)
Market Capitalization Range of Equity Holdings % OF FUND % OF FUND (As of 03/31/2024)

Documents

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