JWWFX Global Research Fund

Our research team scours the globe seeking to construct a portfolio of our best ideas in equities, regardless of market cap, geography or subsector

NAV
$82.81
As of 10/15/2019

1 Day Change
$0.90 (1.10%)
As of 10/15/2019

YTD Return
18.95%
As of 10/15/2019

Morningstar Rating

As of 09/30/2019

Overview

ABOUT THIS FUND

By investing in the best ideas from each global research sector team, this global large-cap growth fund seeks long-term growth of capital with volatility similar to its peers. Our analysts scour the globe to identify industry leading companies with brand power, enduring business models and strong competitive positioning.

WHY INVEST IN THIS FUND

Managed by Sector Experts
Our teams of dedicated sector specialists conduct independent, differentiated research to construct unique sector portfolios that are combined to form a diversified fund. This design allows investors to benefit directly from the insights and expertise of Janus Henderson's equity research team.

Pure Stock Picking Approach
Each of our experienced global sector teams builds a high-conviction portfolio of their best ideas, regardless of market cap, geography or sub-sector. All ideas and position sizes are debated and fully vetted before entry into the portfolio.

Minimize the Macro
This Fund’s disciplined investment process is designed to minimize macro risks by aligning sector allocations with the benchmark. This allows fundamental, bottom-up stock selection within each sector to be the primary driver of returns.

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

Performance

RETURNS (%) (As of 09/30/2019)
Global Research Fund - Class I Shares MSCI World Index℠ MSCI All Country World Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/25/2005)
Global Research Fund - Class I Shares -0.26% 17.93% 1.85% 11.37% 7.50% 9.80% 8.69%
MSCI World Index℠ 0.53% 17.61% 1.83% 10.21% 7.18% 9.01% 6.46%
MSCI All Country World Index℠ -0.03% 16.20% 1.38% 9.71% 6.65% 8.35% 6.34%
RETURNS (%) (As of 09/30/2019)
Global Research Fund - Class I Shares MSCI World Index℠ MSCI All Country World Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/25/2005)
Global Research Fund - Class I Shares -0.26% 17.93% 1.85% 11.37% 7.50% 9.80% 8.69%
MSCI World Index℠ 0.53% 17.61% 1.83% 10.21% 7.18% 9.01% 6.46%
MSCI All Country World Index℠ -0.03% 16.20% 1.38% 9.71% 6.65% 8.35% 6.34%
CALENDAR YEAR RETURNS (%)
Global Research Fund - Class I Shares MSCI World Index℠
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Global Research Fund - Class I Shares 45.18 20.85 -7.47 16.93 24.40 7.40 -2.13 2.05 26.98 -6.81
MSCI World Index℠ 29.99 11.76 -5.54 15.83 26.68 4.94 -0.87 7.51 22.40 -8.71

MORNINGSTAR PERCENTILE

(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 47 20 30 24 4
World Large Stock Category|Rank/Count 385/891 170/793 214/700 130/515 13/355
(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 47 20 30 24 4
World Large Stock Category|Rank/Count 385/891 170/793 214/700 130/515 13/355
GROWTH OF A HYPOTHETICAL INVESTMENT

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

Risk / Reward
vs. MSCI World Index℠
3YR 5YR
Information Ratio 0.39 0.11
Alpha 0.86 0.12
Tracking Error 3.00 3.00
Beta 1.03 1.04
R-squared (%) 93.80 94.27
Up And Down Market Capture (%)
vs. MSCI World Index℠
3YR 5YR
Up Capture Ratio 105.92 104.94
Down Capture Ratio 100.27 104.26
Standard Deviation 3YR 5YR
Global Research Fund 11.99 12.42
MSCI World Index℠ 11.30 11.63
Sharpe Ratio 3YR 5YR
Global Research Fund 0.82 0.53
MSCI World Index℠ 0.77 0.54
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2018)
CLASS I SHARES
Management Fees 0.50%
12b-1 Fees -
Other Expenses 0.10%
Total Gross Expenses 0.60%
Waivers 0.00%
Total Net Expenses 0.60%

Portfolio

Index represents the MSCI World Index℠.

(As of 09/30/2019)
% of Fund
Microsoft Corp 3.31
Amazon.com Inc 2.60
JPMorgan Chase & Co 2.31
Alphabet Inc 2.24
ASML Holding NV 2.22
Mastercard Inc 2.09
Visa Inc 1.95
Safran SA 1.94
Constellation Brands Inc 1.87
Unilever NV 1.80
Total: 22.33
View full holdings
Portfolio Characteristics (As of 09/30/2019)
  FUND INDEX
Number of Holdings
Equity Issues
99 1649
Market Capitalization
Weighted Average
$171.27B $172.52B
Portfolio Turnover Rate
(1-year trailing)
34.81% -
Price/Earnings Ratio
(1-year forward)
22.31 20.11
Price/Book Ratio
(1-year forward)
5.80 4.23
Earnings Growth Rate
(1-year forward)
7.57% 4.93%

Research Sector Allocations % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Technology 21.76 21.18
Financials 20.91 21.15
Consumer 18.19 18.93
Industrials & Materials 17.45 17.44
Health Care 12.07 12.55
Energy & Utilities 8.83 8.75
Cash & Equivalents 0.79 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
North America 66.63 66.28
Europe 20.02 21.15
Asia/Pacific Ex Japan 8.24 4.11
Japan 4.32 8.21
Cash & Equivalents 0.79 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 09/30/2019)
Over $100B 41.48 39.56
$50B to $100B 19.57 16.82
$10B to $50B 31.71 35.80
$5B to $10B 6.22 6.33
$1B to $5B 0.23 1.27
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
U.S. 62.63 62.79
Non-U.S. Developed 31.11 37.06
Non-U.S. Emerging 5.47 0.15
Cash & Equivalents 0.79 -

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