Please ensure Javascript is enabled for purposes of website accessibility Overseas Fund - Janus Henderson Investors
For Financial Professionals in the US

JDIRX Overseas Fund

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

NAV
$44.90
As of 04/18/2024

1-Day Change
$0.03 (0.07%)
 As of 04/18/2024

YTD Return
4.27%
As of 04/18/2024

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

High-Conviction, Concentrated Best Ideas: The portfolio managers have the flexibility to invest in 30 to 50 international companies, across the market cap and style spectrum where free-cash-flow growth is believed to be dislocated from market expectations. The portfolio managers invest with no persistent style bias.

Independent & Uncorrelated Insights: Harnessing the intersection of independent viewpoints and differentiated perspectives between the portfolio managers and research analysts seeks to deliver consistent excess returns over time.

Disciplined Portfolio Construction: Taking a prudent approach to portfolio construction and risk management, the portfolio managers aim to translate their conviction into portfolio impact and ensure stock selection is the primary driver of returns.

RATINGS AND AWARDS

2024 Lipper Awards Winner United States

PORTFOLIO MANAGEMENT

Julian McManus

Julian McManus

Portfolio Manager

Industry since 1994. Joined Firm in 2004.

Christopher O'Malley, CFA

Christopher O'Malley, CFA

Co-Portfolio Manager | Research Analyst

Industry since 1998. Joined Firm in 2017.

Performance

RETURNS (%) (As of 03/31/2024)
Overseas Fund - R Shares MSCI All Country World ex USA IndexSM
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/02/1994)
Overseas Fund - R Shares 8.27 8.27 12.47 5.10 10.04 3.69 7.44
MSCI All Country World ex USA IndexSM 4.69 4.69 13.26 1.93 5.96 4.25
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Performance for Class R Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

RETURNS (%) (As of 03/31/2024)
Overseas Fund - R Shares MSCI All Country World ex USA IndexSM
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/02/1994)
Overseas Fund - R Shares 8.27 8.27 12.47 5.10 10.04 3.69 7.44
MSCI All Country World ex USA IndexSM 4.69 4.69 13.26 1.93 5.96 4.25
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Performance for Class R Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Calendar Year Returns (%)
Overseas Fund - R Shares MSCI All Country World ex USA IndexSM
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Overseas Fund - R Shares 10.26 -9.30 12.45 15.99 26.39 -15.84 30.54 -7.40 -8.98 -14.17
MSCI All Country World ex USA IndexSM 15.62 -16.00 7.82 10.65 21.51 -14.20 27.19 4.50 -5.66 -3.87

MORNINGSTAR PERCENTILE

(As Of 03/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 69 15 4 81 16
Foreign Large Blend | Rank/Count 460/751 95/709 29/674 433/528 18/109
(As Of 03/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 69 15 4 81 16
Foreign Large Blend | Rank / Count 460/751 95/709 29/674 433/528 18/109

RETURNS-BASED STATISTICS (As of 03/31/2024 Class I Shares)

RISK / REWARD
VS. MSCI ACWI Ex USA NR Index		 3YR 5YR
Information Ratio 0.81 0.92
Alpha 3.86 4.39
Tracking Error 4.66 4.90
Beta 1.02 1.08
R-squared (%) 92.43 93.94
UP/DOWN MARKET CAPTURE (%)
VS. MSCI ACWI Ex USA NR Index		 3YR 5YR
Up Capture Ratio 115.77 122.91
Down Capture Ratio 97.33 101.29
STANDARD DEVIATION 3YR 5YR
Overseas Fund 17.45 19.49
MSCI ACWI Ex USA NR Index 16.42 17.58
SHARPE RATIO 3YR 5YR
Overseas Fund 0.17 0.44
MSCI ACWI Ex USA NR Index -0.05 0.22
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS R SHARES
Management Fees 0.74%
12b-1 Fees 0.50%
Other Expenses 0.32%
Total Gross Expenses 1.56%
Waivers 0.00%
Total Net Expenses 1.56%
Net expense ratios reflect the expense waiver, if any, contractually agreed to for the one year period commencing January 26, 2024. C and R share classes are also subject to a non-standard expense waiver, contractually agreed to for a one-year period commencing on June 16, 2023. These contractual waivers may be terminated or modified only at the discretion of the Board of Trustees.

Portfolio

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

Top Holdings (As of 03/31/2024)
% of Fund
Taiwan Semiconductor Manufacturing Co Ltd 5.95
BAE Systems PLC 5.14
Teck Resources Ltd 4.45
BNP Paribas SA 4.40
ASML Holding NV 3.77
Samsonite International SA 3.68
Dai-ichi Life Holdings Inc 3.58
Deutsche Telekom AG 3.45
Canadian Natural Resources Ltd 3.27
Liberty Media Corp-Liberty Formula One 3.23
TOTAL 40.92
View full holdings
Portfolio Characteristics (As of 03/31/2024)
  FUND INDEX
Number of Holdings
Equity Issues		 53 2231
Market Capitalization
Weighted Average		 $109.72B $84.27B
Portfolio Turnover Rate
(1-year trailing)		 41.17% -
Price/Earnings Ratio
(1-year forward)		 14.65 13.58
Price/Book Ratio
 2.07 1.92
Earnings Growth Rate
(1-year forward)		 13.49% 14.70%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 03/31/2024)
Equity country, regional, sector and industry weights primarily based on MSCI and GICS classifications.
Regional Allocation % OF FUND % of Index % OF FUND % of Index (As of 03/31/2024)
Market Capitalization Range of Equity Holdings % OF FUND % of Index % OF FUND % of Index (As of 03/31/2024)
Developed vs Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 03/31/2024)

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