JIGFX Overseas Fund

Invests in select international companies across market-cap and style spectrum where we believe the market underestimates free-cash-flow growth

NAV
$31.41
As of 10/17/2019

1 Day Change
$0.05 (0.16%)
As of 10/17/2019

YTD Return
14.64%
As of 10/17/2019

Overview

ABOUT THIS FUND

An international equity fund seeking to grow capital by investing with conviction in companies outside the U.S. where the portfolio managers believe 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 International All-Cap Equities
The portfolio managers have the flexibility to invest in 30 to 60 companies outside the U.S. and across the market cap and style spectrum where free-cash-flow growth is believed to be underestimated by the market. The portfolio managers search for both growing companies and attractive valuations.

Differentiated & Uncorrelated Insights
The intersection of independent viewpoints and differentiated perspectives between the portfolio managers 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 managers aim 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.

Garth C. Yettick, CFA

Portfolio Manager | Research Analyst

Industry since 1994. Joined Firm in 1997.

Performance

RETURNS (%) (As of 09/30/2019)
Overseas Fund - Class I Shares MSCI All Country World ex-U.S. Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/02/1994)
Overseas Fund - Class I Shares -1.75% 12.37% -3.40% 6.44% -0.74% -0.25% 7.34%
MSCI All Country World ex-U.S. Index℠ -1.80% 11.56% -1.23% 6.33% 2.90% 4.45% -
RETURNS (%) (As of 09/30/2019)
Overseas Fund - Class I Shares MSCI All Country World ex-U.S. Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/02/1994)
Overseas Fund - Class I Shares -1.75% 12.37% -3.40% 6.44% -0.74% -0.25% 7.34%
MSCI All Country World ex-U.S. Index℠ -1.80% 11.56% -1.23% 6.33% 2.90% 4.45% -
CALENDAR YEAR RETURNS (%)
Overseas Fund - Class I Shares MSCI All Country World ex-U.S. Index℠
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Overseas Fund - Class I Shares 78.12 19.58 -32.70 12.53 12.28 -13.57 -8.44 -6.86 31.36 -15.30
MSCI All Country World ex-U.S. Index℠ 41.45 11.15 -13.71 16.83 15.29 -3.87 -5.66 4.50 27.19 -14.20

MORNINGSTAR PERCENTILE

(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 68 24 99 100 12
Foreign Large Blend Category|Rank/Count 478/738 136/683 586/595 496/503 19/142
(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 68 24 99 100 12
Foreign Large Blend Category|Rank/Count 478/738 136/683 586/595 496/503 19/142

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

Risk / Reward
vs. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Information Ratio 0.03 -0.58
Alpha -0.45 -3.81
Tracking Error 3.96 6.24
Beta 1.11 1.22
R-squared (%) 92.10 88.03
Up And Down Market Capture (%)
vs. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Up Capture Ratio 106.22 110.85
Down Capture Ratio 106.90 130.90
Standard Deviation 3YR 5YR
Overseas Fund 13.30 16.22
MSCI All Country World ex-U.S. Index℠ 11.45 12.47
Sharpe Ratio 3YR 5YR
Overseas Fund 0.37 -0.10
MSCI All Country World ex-U.S. Index℠ 0.42 0.16
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2018)
CLASS I SHARES
Management Fees 0.48%
12b-1 Fees -
Other Expenses 0.16%
Total Gross Expenses 0.64%
Waivers 0.00%
Total Net Expenses 0.64%

Portfolio

Index represents the MSCI All Country World ex-U.S. Index℠.

(As of 09/30/2019)
% of Fund
Safran SA 5.10
Alibaba Group Holding Ltd (ADR) 4.65
ASML Holding NV 4.43
AIA Group Ltd 4.37
Diageo PLC 4.15
Heineken NV 3.79
BNP Paribas SA 3.61
Tencent Holdings Ltd 3.47
Canadian Natural Resources Ltd 3.34
Sony Corp 3.28
Total: 40.19
View full holdings
Portfolio Characteristics (As of 09/30/2019)
  FUND INDEX
Number of Holdings
Equity Issues
41 2214
Market Capitalization
Weighted Average
$104.11B $69.24B
Portfolio Turnover Rate
(1-year trailing)
22.29% -
Price/Earnings Ratio
(1-year forward)
18.32 18.07
Price/Book Ratio
(1-year forward)
3.47 2.49
Earnings Growth Rate
(1-year forward)
5.90% 5.36%

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Financials 23.73 21.60
Consumer Discretionary 15.96 11.40
Industrials 13.33 11.90
Information Technology 10.37 8.86
Health Care 8.74 8.52
Consumer Staples 7.94 10.16
Materials 7.54 7.29
Energy 5.94 6.74
Communication Services 3.47 6.81
Cash & Equivalents 2.98 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Europe 43.25 43.47
Asia/Pacific Ex Japan 29.99 27.11
Japan 13.74 16.45
North America 10.04 7.09
Cash & Equivalents 2.98 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 09/30/2019)
Over $100B 32.12 20.25
$50B to $100B 28.01 17.24
$10B to $50B 23.09 43.30
$5B to $10B 9.52 12.44
$1B to $5B 3.47 5.44
$500M to $1B 0.81 0.01
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Non-U.S. Developed 72.53 73.73
Non-U.S. Emerging 21.29 26.16
U.S. 3.20 0.11
Cash & Equivalents 2.98 -

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