JERIX Global Real Estate Fund

Our team of real estate experts combines a boots-on-the-ground presence with in-depth market knowledge, seeking to create a truly active, high-conviction portfolio.

NAV
$11.85
As of 07/10/2020

1-Day Change
$0.01 (0.08%)
As of 07/10/2020

YTD Return
-9.91%
As of 07/10/2020

Morningstar Rating

As of 06/30/2020

Overview

ABOUT THIS FUND

A global equity fund that seeks to provide investors total returns – both capital appreciation and current income – associated with global real estate growth and development. The Fund seeks to own a portfolio of the most compelling real estate equities listed on regulated exchanges throughout the world. These companies will derive the main part of their revenue from the ownership, management and/or development of real estate. Our strategy is long only with the objective of producing strong relative performance while providing genuine exposure to global real estate fundamentals and managing risk by being benchmark aware.

WHY INVEST IN THIS FUND

Multi-Local Presence
Fund managers and analysts based in Europe, Asia and North America provide valuable local expertise in stock selection. Regional investment processes are tailored to each market.

Risk-Aware, Active Management
The portfolio managers take an active approach, emphasizing qualitative considerations, in-depth company research and quantitative projections.

High Conviction, All-Cap Portfolio
A “best ideas” stock portfolio selected from a wide universe, seeking to add value across the market-cap spectrum.

Strong Risk-Adjusted Performance vs. Peers

3-Year Rankings in Morningstar Global Real Estate Category (207 funds) as of 3/31/20


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.

RATINGS AND AWARDS

 

PORTFOLIO MANAGEMENT

Guy Barnard, CFA

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2003. Joined Firm in 2006.

Tim Gibson

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2001. Joined Firm in 2011.

Greg Kuhl, CFA

Portfolio Manager

Industry since 2005. Joined Firm in 2015.

Performance

RETURNS (%) (As of 06/30/2020)
Global Real Estate Fund - Class I Shares FTSE EPRA Nareit Global Index FTSE EPRA Nareit Global Net Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(11/28/2007)
Global Real Estate Fund - Class I Shares 12.37 -11.36 -2.94 6.76 5.96 8.57 5.40
FTSE EPRA Nareit Global Index 10.18 -21.08 -15.49 -0.40 2.39 6.86 2.17
FTSE EPRA Nareit Global Net Index 9.93 -21.45 -16.22 -1.27 1.51 6.05 -
RETURNS (%) (As of 06/30/2020)
Global Real Estate Fund - Class I Shares FTSE EPRA Nareit Global Index FTSE EPRA Nareit Global Net Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(11/28/2007)
Global Real Estate Fund - Class I Shares 12.37 -11.36 -2.94 6.76 5.96 8.57 5.40
FTSE EPRA Nareit Global Index 10.18 -21.08 -15.49 -0.40 2.39 6.86 2.17
FTSE EPRA Nareit Global Net Index 9.93 -21.45 -16.22 -1.27 1.51 6.05 -
CALENDAR YEAR RETURNS (%)
Global Real Estate Fund - Class I Shares FTSE EPRA Nareit Global Net Index
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Global Real Estate Fund - Class I Shares 21.13 -13.54 32.37 6.65 14.23 -1.94 3.50 17.72 -3.13 30.88
FTSE EPRA Nareit Global Net Index 19.31 -8.72 28.98 1.57 13.92 -1.19 3.70 13.99 -6.37 22.50

MORNINGSTAR PERCENTILE

(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 4 2 3 9 1
Global Real Estate Category|Rank/Count 11/215 5/206 7/190 20/153 2/129
(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 4 2 3 9 1
Global Real Estate Category|Rank/Count 11/215 5/206 7/190 20/153 2/129

RETURNS-BASED STATISTICS (As of 05/31/2020 Class I Shares)

RISK / REWARD
VS. FTSE EPRA Nareit Global Net Index
3YR 5YR
Information Ratio 1.81 0.85
Alpha 6.98 3.87
Tracking Error 4.04 4.54
Beta 0.84 0.86
R-squared (%) 96.20 92.27
UP/DOWN MARKET CAPTURE (%)
VS. FTSE EPRA Nareit Global Net Index
3YR 5YR
Up Capture Ratio 105.37 92.39
Down Capture Ratio 68.24 72.56
STANDARD DEVIATION 3YR 5YR
Global Real Estate Fund 15.12 14.11
FTSE EPRA Nareit Global Net Index 17.61 15.85
SHARPE RATIO 3YR 5YR
Global Real Estate Fund 0.30 0.26
FTSE EPRA Nareit Global Net Index -0.21 -0.07
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS I SHARES
Management Fees 0.85%
12b-1 Fees -
Other Expenses 0.25%
Total Gross Expenses 1.10%
Waivers 0.00%
Total Net Expenses 1.10%

Portfolio

Index represents the FTSE EPRA Nareit Global Net Index.

Top Holdings (As of 05/31/2020)
% of Fund
Prologis Inc 5.97
VICI Properties Inc 3.36
Mitsui Fudosan Co Ltd 3.19
Equity Residential 3.17
Sun Communities Inc 3.17
Deutsche Wohnen SE 3.10
Invitation Homes Inc 3.05
Alexandria Real Estate Equities Inc 2.90
China Resources Land Ltd 2.88
Rexford Industrial Realty Inc 2.80
Total 33.59
View full holdings
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 05/31/2020)
Real Estate 92.74 99.67
Consumer Discretionary 2.44 0.24
Industrials 1.51 -
Information Technology 1.13 -
Cash & Equivalents 2.18 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 05/31/2020)
North America 51.54 50.67
Asia/Pacific Ex Japan 18.90 20.45
Europe 16.41 16.21
Japan 10.97 10.97
Cash & Equivalents 2.18 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 05/31/2020)
Over $100B 1.81
$50B to $100B 5.96 4.64
$10B to $50B 43.55 40.18
$5B to $10B 20.11 22.28
$1B to $5B 24.14 29.45
$500M to $1B 2.25 2.25
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 05/31/2020)
U.S. 47.52 48.32
Non-U.S. Developed 42.86 41.40
Non-U.S. Emerging 7.44 10.28
Cash & Equivalents 2.18 -

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