JGDIX Global Income Managed Volatility Fund

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

NAV
$14.28
As of 10/17/2019

1 Day Change
$0.02 (0.14%)
As of 10/17/2019

YTD Return
13.66%
As of 10/17/2019

Morningstar Rating

As of 09/30/2019

Overview

ABOUT THIS FUND

This long-only, global developed-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 World High Dividend Yield 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 + Monthly Income
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, the Fund may help investors maintain equity market exposure and have the opportunity to build more wealth over time. Additionally, it may serve as a complementary income source to traditional fixed income.

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)
Global Income Managed Volatility Fund - Class I Shares MSCI World Index℠ MSCI World High Dividend Yield Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/15/2011)
Global Income Managed Volatility Fund - Class I Shares 2.11% 14.06% 9.52% 7.50% 7.64% - 9.59%
MSCI World Index℠ 0.53% 17.61% 1.83% 10.21% 7.18% 9.01% 10.86%
MSCI World High Dividend Yield Index 1.09% 14.99% 4.98% 7.77% 5.49% 7.97% 8.84%
RETURNS (%) (As of 09/30/2019)
Global Income Managed Volatility Fund - Class I Shares MSCI World Index℠ MSCI World High Dividend Yield Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/15/2011)
Global Income Managed Volatility Fund - Class I Shares 2.11% 14.06% 9.52% 7.50% 7.64% - 9.59%
MSCI World Index℠ 0.53% 17.61% 1.83% 10.21% 7.18% 9.01% 10.86%
MSCI World High Dividend Yield Index 1.09% 14.99% 4.98% 7.77% 5.49% 7.97% 8.84%
CALENDAR YEAR RETURNS (%)
Global Income Managed Volatility Fund - Class I Shares MSCI World High Dividend Yield Index
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Global Income Managed Volatility Fund - Class I Shares - - - 12.35 20.88 -0.87 7.94 5.68 16.24 -2.73
MSCI World High Dividend Yield Index - - - 12.24 21.91 2.48 -3.20 9.29 18.14 -7.56

MORNINGSTAR PERCENTILE

(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 5 71 28 - 60
World Large Stock Category|Rank/Count 43/891 562/793 202/700 -/- 347/568
(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 5 71 28 - 60
World Large Stock Category|Rank/Count 43/891 562/793 202/700 -/- 347/568
GROWTH OF A HYPOTHETICAL INVESTMENT

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

Risk / Reward
vs. MSCI World High Dividend Yield Index
3YR 5YR
Information Ratio -0.05 0.34
Alpha 2.71 4.26
Tracking Error 5.38 6.38
Beta 0.60 0.59
R-squared (%) 73.28 62.49
Up And Down Market Capture (%)
vs. MSCI World High Dividend Yield Index
3YR 5YR
Up Capture Ratio 71.52 72.25
Down Capture Ratio 57.00 45.44
Standard Deviation 3YR 5YR
Global Income Managed Volatility Fund 7.03 7.82
MSCI World High Dividend Yield Index 9.99 10.40
Sharpe Ratio 3YR 5YR
Global Income Managed Volatility Fund 0.85 0.85
MSCI World High Dividend Yield Index 0.63 0.44
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/2018)
CLASS I SHARES
Management Fees 0.55%
12b-1 Fees -
Other Expenses 0.20%
Total Gross Expenses 0.75%
Waivers -0.16%
Total Net Expenses 0.59%

Portfolio

Index represents the MSCI World High Dividend Yield Index.

(As of 09/30/2019)
CLP Holdings Ltd -
CME Group Inc -
Consolidated Edison Inc -
Daito Trust Construction Co Ltd -
Darden Restaurants Inc -
Kimberly-Clark Corp -
Lockheed Martin Corp -
NTT DOCOMO Inc -
Power Assets Holdings Ltd -
Valero Energy Corp -
Total: 36.24
View full holdings
Portfolio Characteristics (As of 09/30/2019)
  FUND INDEX
Number of Holdings
Equity Issues
174 337
Market Capitalization
Weighted Average
$47.87B $109.14B
Portfolio Turnover Rate
(1-year trailing)
20.63% -
Price/Earnings Ratio
(1-year forward)
18.21 15.78
Price/Book Ratio
(1-year forward)
2.64 3.19
Earnings Growth Rate
(1-year forward)
1.52% 1.08%

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Utilities 32.31 7.54
Communication Services 11.68 9.65
Consumer Discretionary 11.67 7.04
Industrials 10.71 10.36
Consumer Staples 10.19 14.88
Financials 8.46 11.47
Real Estate 4.87 1.19
Health Care 4.03 18.47
Energy 2.90 6.94
Information Technology 1.06 6.72
Materials 0.92 5.74
Cash & Equivalents 1.20 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
North America 59.52 59.22
Asia/Pacific Ex Japan 20.62 4.85
Japan 13.21 6.42
Europe 5.38 29.39
Africa/Mideast 0.07 0.12
Cash & Equivalents 1.20 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 09/30/2019)
$15B to $25B 11.09 8.70
$25B to $100B 45.65 38.71
$2B to $15B 30.38 11.19
N/A 0.02 0.03
Over $100B 11.66 41.37
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
U.S. 55.13 55.01
Non-U.S. Developed 43.67 44.99
Cash & Equivalents 1.20 -

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