For Financial Professionals in the US

JORFX Global Select Fund

By investing in companies across the market-cap and style spectrum, we seek to deliver risk-adjusted returns that are consistently good, not sporadically great

NAV
$20.23
As of 09/27/2021

1-Day Change
$0.03 (0.15%)
As of 09/27/2021

YTD Return
15.27%
As of 09/27/2021

Overview

ABOUT THIS FUND

A global equity fund seeking to grow capital by investing with conviction in companies worldwide where the portfolio manager believes the market underestimates free-cash-flow growth. The Fund considers both growth and value criteria as it seeks to deliver strong, risk-adjusted returns over the long term, regardless of prevailing market conditions.

WHY INVEST IN THIS FUND

Flexible Global All-Cap Equities

The portfolio manager has the flexibility to invest in 40 to 70 companies across the globe, market cap and style spectrum where free-cash-flow growth is believed to be underestimated by the market. The portfolio manager searches for both growing companies and attractive valuations.

Differentiated Insights

The intersection of independent viewpoints and differentiated perspectives between the portfolio manager and research analysts should lead to potentially greater and more consistent excess returns over time.

Exacting Portfolio Construction

Taking a prudent approach to portfolio construction and risk management, the portfolio manager aims to drive superior risk-adjusted returns over the full market cycle through stock selection in an effort to avoid persistent biases.

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

George P. Maris, CFA

Co-Head of Equities - Americas | Portfolio Manager

Industry since 1998. Joined Firm in 2011.

Julian McManus

Portfolio Manager | Research Analyst

Industry since 1994. Joined Firm in 2004.

Performance

RETURNS (%) (As of 06/30/2021)
Global Select Fund - Class I Shares MSCI All Country World Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(06/30/2000)
Global Select Fund - Class I Shares 7.65 13.85 48.13 15.04 16.89 8.69 5.13
MSCI All Country World Index℠ 7.39 12.30 39.27 14.57 14.61 9.90 5.78
RETURNS (%) (As of 08/31/2021)
Global Select Fund - Class I Shares MSCI All Country World Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(06/30/2000)
Global Select Fund - Class I Shares 3.74 16.81 35.04 14.51 16.01 10.41 5.21
MSCI All Country World Index℠ 4.57 15.91 28.64 14.34 14.29 11.27 5.89
CALENDAR YEAR RETURNS (%)
Global Select Fund - Class I Shares MSCI All Country World Index℠
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Global Select Fund - Class I Shares -17.88 4.40 27.17 7.13 -4.43 3.48 31.20 -9.67 27.42 16.19
MSCI All Country World Index℠ -7.35 16.13 22.80 4.16 -2.36 7.86 23.97 -9.42 26.60 16.25

MORNINGSTAR PERCENTILE

(As Of 06/30/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 22 5 70 75
World Large-Stock Blend Category|Rank/Count 18/339 58/312 8/279 157/208 60/76
(As Of 08/31/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 10 29 7 63 78
World Large-Stock Blend Category|Rank/Count 25/342 78/313 17/289 140/208 61/76
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 08/31/2021 Class I Shares)

RISK / REWARD
VS. MSCI All Country World Index℠
3YR 5YR
Information Ratio 0.04 0.40
Alpha -1.29 0.13
Tracking Error 4.78 4.30
Beta 1.14 1.12
R-squared (%) 96.08 94.43
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World Index℠
3YR 5YR
Up Capture Ratio 110.21 111.42
Down Capture Ratio 112.85 108.07
STANDARD DEVIATION 3YR 5YR
Global Select Fund 20.78 16.68
MSCI All Country World Index℠ 17.94 14.46
SHARPE RATIO 3YR 5YR
Global Select Fund 0.64 0.89
MSCI All Country World Index℠ 0.73 0.91
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/20)
CLASS I SHARES
Management Fees 0.64%
Other Expenses 0.14%
Total Gross Expenses 0.78%
Waivers 0.00%
Total Net Expenses 0.78%

Portfolio

Index represents the MSCI All Country World Index℠.

Top Holdings (As of 08/31/2021)
% of Fund
NRG Energy Inc 5.24
Microsoft Corp 4.80
Morgan Stanley 4.21
Citigroup Inc 3.84
Under Armour Inc 3.53
Teck Resources Ltd 2.97
MGIC Investment Corp 2.95
United Parcel Service Inc 2.93
AstraZeneca PLC 2.76
PulteGroup Inc 2.66
Total 35.89
View Full Holdings
Portfolio Characteristics (As of 08/31/2021)
  FUND INDEX
Number of Holdings
Equity Issues
59 2964
Market Capitalization
Weighted Average
$289.60B $384.76B
Portfolio Turnover Rate
(1-year trailing)
34.55% -
Price/Earnings Ratio
(1-year forward)
25.62 26.95
Price/Book Ratio
(1-year forward)
5.97 5.84
Earnings Growth Rate
(1-year forward)
25.79% 33.56%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 08/31/2021)
Financials 18.86 14.10
Consumer Discretionary 16.74 12.16
Information Technology 15.26 22.62
Industrials 11.56 9.80
Communication Services 8.93 9.43
Health Care 8.53 11.84
Materials 6.27 4.86
Utilities 5.23 2.71
Energy 3.92 3.08
Consumer Staples 3.01 6.76
Cash & Equivalents 1.69 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 08/31/2021)
North America 68.40 62.33
Europe 16.01 17.15
Asia/Pacific Ex Japan 11.42 12.44
Japan 2.48 5.84
Cash & Equivalents 1.69 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 08/31/2021)
Over $100B 40.59 48.17
$50B to $100B 9.91 17.20
$10B to $50B 40.07 29.13
$5B to $10B 5.30 4.08
$1B to $5B 2.06 0.96
$500M to $1B 0.33
Under $100M 0.05
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 08/31/2021)
U.S. 63.46 59.52
Non-U.S. Developed 25.58 28.29
Non-U.S. Emerging 9.27 12.19
Cash & Equivalents 1.69 -

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