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

JERCX 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
$10.35
As of 04/18/2024

1-Day Change
-$0.01 (-0.10%)
 As of 04/18/2024

YTD Return at NAV
-8.96%
As of 04/18/2024

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.

 

PORTFOLIO MANAGEMENT

Guy Barnard, CFA

Guy Barnard, CFA

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2003. Joined Firm in 2006.

Tim Gibson

Tim Gibson

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2001. Joined Firm in 2011.

Greg Kuhl, CFA

Greg Kuhl, CFA

Portfolio Manager

Industry since 2005. Joined Firm in 2015.

Performance

RETURNS (%) (As of 03/31/2024)
Global Real Estate Fund - C Shares (NAV) Global Real Estate Fund - C Shares (CDSC) 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 - C Shares (NAV) -1.39 -1.39 4.04 -3.12 1.14 3.95 3.80
Global Real Estate Fund - C Shares (CDSC) -2.37 -2.37 3.04 -3.12 1.14 3.95 3.80
FTSE EPRA Nareit Global Index -1.29 -1.29 7.55 -1.30 -0.10 3.63 2.66
FTSE EPRA Nareit Global Net Index -1.53 -1.53 6.47 -2.18 -1.00 2.74
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.
CDSC returns include a 1% contingent deferred sales charge (CDSC) on Shares redeemed within 12 months of purchase. Net Asset Value (NAV) returns exclude this charge, which would have reduced returns.
Performance for Class C Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or 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 Real Estate Fund - C Shares (NAV) Global Real Estate Fund - C Shares (CDSC) 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 - C Shares (NAV) -1.39 -1.39 4.04 -3.12 1.14 3.95 3.80
Global Real Estate Fund - C Shares (CDSC) -2.37 -2.37 3.04 -3.12 1.14 3.95 3.80
FTSE EPRA Nareit Global Index -1.29 -1.29 7.55 -1.30 -0.10 3.63 2.66
FTSE EPRA Nareit Global Net Index -1.53 -1.53 6.47 -2.18 -1.00 2.74
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.
CDSC returns include a 1% contingent deferred sales charge (CDSC) on Shares redeemed within 12 months of purchase. Net Asset Value (NAV) returns exclude this charge, which would have reduced returns.
Performance for Class C Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or 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 Real Estate Fund - C Shares (NAV) FTSE EPRA Nareit Global Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Global Real Estate Fund - C Shares (NAV) 6.51 -25.96 21.13 0.32 29.61 -4.24 16.57 2.49 -2.84 12.95
FTSE EPRA Nareit Global Index 9.78 -23.58 23.04 -9.16 23.58 -5.55 15.01 4.62 -0.41 14.73

MORNINGSTAR PERCENTILE

(As Of 03/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 92 79 45 33 15
Global Real Estate | Rank/Count 179/192 154/180 94/180 62/152 19/103
(As Of 03/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 92 79 45 33 15
Global Real Estate | Rank / Count 179/192 154/180 94/180 62/152 19/103

GROWTH OF A HYPOTHETICAL INVESTMENT

Global Real Estate Fund - C Shares (NAV) Global Real Estate
Fund returns shown are at Net Asset Value (NAV) and exclude sales charges, which would have reduced returns.
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. FTSE EPRA/NAREIT Global Net Index		 3YR 5YR
Information Ratio 0.02 0.67
Alpha 0.21 2.83
Tracking Error 2.64 4.80
Beta 1.02 0.92
R-squared (%) 98.23 94.85
UP/DOWN MARKET CAPTURE (%)
VS. FTSE EPRA/NAREIT Global Net Index		 3YR 5YR
Up Capture Ratio 103.57 102.43
Down Capture Ratio 101.72 92.27
STANDARD DEVIATION 3YR 5YR
Global Real Estate Fund 19.57 18.66
FTSE EPRA/NAREIT Global Net Index 19.05 19.83
SHARPE RATIO 3YR 5YR
Global Real Estate Fund -0.24 0.01
FTSE EPRA/NAREIT Global Net Index -0.25 -0.15
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS C SHARES
Management Fees 0.77%
12b-1 Fees 1.00%
Other Expenses 0.26%
Total Gross Expenses 2.03%
Waivers 0.00%
Total Net Expenses 2.03%
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

Index represents the FTSE EPRA Nareit Global Net Index.

Top Holdings (As of 03/31/2024)
% of Fund
Equinix Inc 6.21
Prologis Inc 5.61
Welltower Inc 4.80
Extra Space Storage Inc 3.73
AvalonBay Communities Inc 3.72
CubeSmart 3.14
Goodman Group 3.06
Mitsui Fudosan Co Ltd 2.93
Sabra Health Care REIT Inc 2.92
Mitsubishi Estate Co Ltd 2.85
TOTAL 38.97
View full holdings
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 03/31/2024)
Regional Allocation % OF FUND % of Index % OF FUND % of Index (As of 03/31/2024)
Market Capitalization Range of Equity Holdings % OF FUND % of Index % OF FUND % of Index (As of 03/31/2024)
Developed vs Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 03/31/2024)

Documents

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