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
$31.50
As of 07/07/2020

1-Day Change
-$0.32 (-1.01%)
As of 07/07/2020

YTD Return
-7.76%
As of 07/07/2020

Overview

NAVIGATE UNCERTAINTY

George Maris, Co-Head of Equities – Americas, offers perspective on the market’s historic moves over the past month and how he is navigating the volatility.

George P. Maris, CFA | Janus Henderson Investors

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

Industry since 1994. Joined Firm in 1997.

Performance

RETURNS (%) (As of 06/30/2020)
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 18.70 -10.78 -0.76 1.85 0.38 -0.21 7.22
MSCI All Country World ex-U.S. Index℠ 16.12 -11.00 -4.80 1.13 2.26 4.97 -
RETURNS (%) (As of 06/30/2020)
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 18.70 -10.78 -0.76 1.85 0.38 -0.21 7.22
MSCI All Country World ex-U.S. Index℠ 16.12 -11.00 -4.80 1.13 2.26 4.97 -
CALENDAR YEAR RETURNS (%)
Overseas Fund - Class I Shares MSCI All Country World ex-U.S. Index℠
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Overseas Fund - Class I Shares 19.58 -32.70 12.53 12.28 -13.57 -8.44 -6.86 31.36 -15.30 27.22
MSCI All Country World ex-U.S. Index℠ 11.15 -13.71 16.83 15.29 -3.87 -5.66 4.50 27.19 -14.20 21.51

MORNINGSTAR PERCENTILE

(As Of 03/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 29 24 70 99 10
Foreign Large Blend Category|Rank/Count 229/755 146/697 393/608 504/512 14/143
(As Of 05/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 10 22 91 99 10
Foreign Large Blend Category|Rank/Count 101/767 138/703 551/608 498/507 14/143

RETURNS-BASED STATISTICS (As of 05/31/2020 Class I Shares)

RISK / REWARD
VS. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Information Ratio 0.18 -0.39
Alpha 0.95 -1.97
Tracking Error 4.02 5.58
Beta 1.10 1.16
R-squared (%) 95.64 92.02
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Up Capture Ratio 113.49 115.27
Down Capture Ratio 107.54 122.46
STANDARD DEVIATION 3YR 5YR
Overseas Fund 17.70 17.88
MSCI All Country World ex-U.S. Index℠ 15.73 14.78
SHARPE RATIO 3YR 5YR
Overseas Fund -0.07 -0.14
MSCI All Country World ex-U.S. Index℠ -0.13 -0.02
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS I SHARES
Management Fees 0.58%
12b-1 Fees -
Other Expenses 0.16%
Total Gross Expenses 0.74%
Waivers 0.00%
Total Net Expenses 0.74%

Portfolio

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

Top Holdings (As of 05/31/2020)
% of Fund
Tencent Holdings Ltd 5.55
ASML Holding NV 5.28
Alibaba Group Holding Ltd (ADR) 4.87
Takeda Pharmaceutical Co Ltd 4.29
AIA Group Ltd 4.18
Diageo PLC 4.03
Ferguson PLC 3.91
Heineken NV 3.71
AstraZeneca PLC 3.59
GVC Holdings PLC 3.36
Total 42.77
View full holdings
Portfolio Characteristics (As of 05/31/2020)
  FUND INDEX
Number of Holdings
Equity Issues
40 2406
Market Capitalization
Weighted Average
$125.10B $76.13B
Portfolio Turnover Rate
(1-year trailing)
17.99% -
Price/Earnings Ratio
(1-year forward)
24.26 21.83
Price/Book Ratio
(1-year forward)
3.43 2.88
Earnings Growth Rate
(1-year forward)
-15.19% -9.20%

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 05/31/2020)
Financials 19.39 18.15
Information Technology 14.22 10.52
Consumer Discretionary 13.70 12.26
Health Care 10.96 10.81
Industrials 10.72 11.67
Consumer Staples 9.01 10.20
Communication Services 7.35 7.35
Materials 6.63 7.46
Energy 4.14 5.10
Cash & Equivalents 3.88 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 05/31/2020)
Europe 43.57 41.90
Asia/Pacific Ex Japan 30.29 29.08
Japan 12.31 17.44
North America 9.95 6.68
Cash & Equivalents 3.88 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 05/31/2020)
Over $100B 30.35 18.61
$50B to $100B 23.51 16.86
$10B to $50B 26.34 44.04
$5B to $10B 10.50 12.79
$1B to $5B 5.06 6.59
$100M to $250M 0.36
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 05/31/2020)
Non-U.S. Developed 69.40 72.23
Non-U.S. Emerging 22.81 27.64
U.S. 3.91 0.13
Cash & Equivalents 3.88 -

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