HIZIX International Small Cap Fund

Employs a value-oriented approach seeking to identify international companies with return potential believed to be mispriced by the market

NAV
$10.55
As of 10/15/2019

1 Day Change
$0.11 (1.05%)
As of 10/15/2019

YTD Return
13.44%
As of 10/15/2019

Overview

ABOUT THIS FUND

An international small-cap fund that uses fundamental analysis and bottom-up research to uncover attractively valued companies. The Fund uses a value-oriented approach to identify companies believed to be mispriced by the market and that have the potential to outperform the market over the long term.

WHY INVEST IN THIS FUND

Screening-Based Approach
A fundamental investment screening process suited to the broad international small-cap universe.

Focus on Quality
Managers seek to identify high-return business models priced at a level that does not reflect their intrinsic value or future prospects.

Seasoned Value Strategy
The investment process, developed over more than 28 years, is designed to eliminate market noise to help identify stocks offering the biggest discount to fair value. Entry point is crucial.

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

Nick Sheridan

Portfolio Manager

Industry since 1986. Joined Firm in 2009.

Ollie Beckett

Portfolio Manager

Industry since 1995. Joined Firm in 2005.

Andrew Gillan

Head of Asia ex Japan Equities |Portfolio Manager

Industry since 2000. Joined Firm in 2014.

Yunyoung Lee, CFA

Portfolio Manager

Industry since 1992. Joined Firm in 2005.

Performance

RETURNS (%) (As of 09/30/2019)
International Small Cap Fund - Class I Shares MSCI EAFE Small Cap Index Net
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/15/2016)
International Small Cap Fund - Class I Shares -2.82% 11.29% -12.52% - - - 4.64%
MSCI EAFE Small Cap Index Net -0.44% 12.05% -5.93% 5.94% 6.02% 7.45% 8.49%
RETURNS (%) (As of 09/30/2019)
International Small Cap Fund - Class I Shares MSCI EAFE Small Cap Index Net
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/15/2016)
International Small Cap Fund - Class I Shares -2.82% 11.29% -12.52% - - - 4.64%
MSCI EAFE Small Cap Index Net -0.44% 12.05% -5.93% 5.94% 6.02% 7.45% 8.49%
CALENDAR YEAR RETURNS (%)
International Small Cap Fund - Class I Shares MSCI EAFE Small Cap Index Net
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
International Small Cap Fund - Class I Shares - - - - - - - - 35.84 -26.46
MSCI EAFE Small Cap Index Net - - - - - - - - 33.01 -17.89

MORNINGSTAR PERCENTILE

(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 93 - - - 75
Foreign Small/Mid Blend Category|Rank/Count 104/116 -/- -/- -/- 84/109
(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 93 - - - 75
Foreign Small/Mid Blend Category|Rank/Count 104/116 -/- -/- -/- 84/109
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2018)
CLASS I SHARES
Management Fees 0.99%
12b-1 Fees -
Other Expenses 4.66%
Total Gross Expenses 5.65%
Waivers -4.65%
Total Net Expenses 1.00%

Portfolio

Index represents the MSCI EAFE Small Cap Index Net.

(As of 09/30/2019)
% of Fund
Charter Hall Group 2.70
Restaurant Brands New Zealand Ltd 2.36
Gaztransport Et Technigaz SA 2.34
Redrow PLC 2.33
Sushiro Global Holdings Ltd 2.28
Electrocomponents PLC 2.28
Beach Energy Ltd 2.27
HKBN Ltd 2.23
Elecom Co Ltd 2.22
SOITEC 2.10
Total: 23.11
View full holdings
Portfolio Characteristics (As of 09/30/2019)
  FUND INDEX
Number of Holdings
Equity Issues
72 2336
Market Capitalization
Weighted Average
$2.13B $2.58B
Portfolio Turnover Rate
(1-year trailing)
73.07% -
Price/Earnings Ratio
(1-year forward)
15.49 19.11
Price/Book Ratio
(1-year forward)
2.70 2.01
Earnings Growth Rate
(1-year forward)
5.20% 3.52%

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Consumer Discretionary 26.61 12.69
Industrials 19.44 21.02
Information Technology 12.77 9.75
Communication Services 8.91 5.31
Consumer Staples 7.32 6.43
Financials 6.32 10.47
Energy 5.58 2.54
Real Estate 4.79 14.10
Materials 3.03 7.84
Utilities 2.98 2.50
Health Care 1.25 7.35
Cash & Equivalents 1.00 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Europe 51.14 54.43
Japan 26.37 31.43
Asia/Pacific Ex Japan 21.49 12.30
Cash & Equivalents 1.00 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 09/30/2019)
$5B to $10B 4.23 10.85
$1B to $5B 63.49 69.68
$500M to $1B 26.72 14.38
$250M to $500M 4.56 4.61
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Non-U.S. Developed 99.00 99.91
Cash & Equivalents 1.00 -

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