For Financial Professionals in the US

HDCVX Responsible International Dividend Fund

International dividend income portfolio with defined ESG criteria

NAV
$13.73
As of 06/05/2023

1-Day Change
$0.00 (0.00%)
 As of 06/05/2023

YTD Return at NAV
9.07%
As of 06/05/2023

Morningstar Rating

As of 04/30/2023

Overview

ABOUT THIS FUND

This bottom-up, valuation-driven portfolio seeks to identify companies with long term profit potential and produce attractive levels of dividend income. The team employs a fundamental stock selection process with a focus on companies that pay sustainable dividend yield with the ability to grow over time. Investment decisions utilize a responsible approach by incorporating environmental, social and governance (ESG) factors into selection/avoidance criteria.

WHY INVEST IN THIS FUND

Income and Capital Growth:
We seek to provide an attractive, responsibly-sourced level of income from a portfolio of undervalued international equities.

Responsibly Minded:
Our approach combines defined avoidance criteria with a focus on ESG factors, seeking strong, risk-adjusted returns.

Research-led idea generation:
Stock selection ideas are rooted in the accumulated knowledge from the Janus Henderson Global Equity Income team who share a common approach of being dividend-seeking, valuation-focused investors across international regions and markets.

PORTFOLIO MANAGEMENT

Ben Lofthouse, CFA

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

Faizan Baig, CFA

Faizan Baig, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2015.

Performance

RETURNS (%) (As of 03/31/2023)
Class C Shares @NAV Class C Shares @CDSC MSCI World ex-USA (Net)
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(08/01/2012)
Class C Shares @NAV 8.36 8.36 2.98 11.32 4.21 5.25 5.97
Class C Shares @CDSC 7.36 7.36 1.99 11.32 4.21 5.25 5.97
MSCI World ex-USA (Net) 8.02 8.02 -2.74 13.49 3.80 4.91 6.20
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.
CDSC returns include a 1% contingent deferred sales charge (CDSC) on Shares redeemed within 12 months of purchase. Net Asset Value (NAV) returns exclude this charge, which would have reduced returns.
Performance for Class C Shares that includes periods prior to 6/5/17 reflects the performance of a share class of 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 05/31/2023)
Class C Shares @NAV Class C Shares @CDSC MSCI World ex-USA (Net)
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(08/01/2012)
Class C Shares @NAV 2.61 7.33 4.20 8.10 3.96 4.92 5.78
Class C Shares @CDSC 1.61 6.33 3.20 8.10 3.96 4.92 5.78
MSCI World ex-USA (Net) 0.54 6.24 1.54 8.84 3.38 4.51 5.94
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.
CDSC returns include a 1% contingent deferred sales charge (CDSC) on Shares redeemed within 12 months of purchase. Net Asset Value (NAV) returns exclude this charge, which would have reduced returns.
Performance for Class C Shares that includes periods prior to 6/5/17 reflects the performance of a share class of 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 (%)
Responsible International Dividend Fund - Class C Shares MSCI World ex-USA (Net)
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Responsible International Dividend Fund - Class C Shares -9.48 10.64 4.16 17.66 -10.02 16.61 3.48 0.62 0.10 19.67
MSCI World ex-USA (Net) -14.29 -12.62 7.59 22.49 -14.09 24.21 2.75 -3.04 -4.32 21.02
Fund returns shown are at Net Asset Value (NAV) and exclude sales charges, which would have reduced returns.
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/2022)
CLASS C SHARES
Management Fees 0.75%
12b-1 Fees 1.00%
Other Expenses 0.29%
Total Gross Expenses 2.04%
Waivers -0.12%
Total Net Expenses 1.92%
Net expense ratios reflect the expense waiver, if any, contractually agreed to for at least a one-year period commencing on October 28, 2022. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Portfolio

Index represents the MSCI World ex-US Index

Top Holdings (As of 04/30/2023)
% of Fund
Nestle SA 4.43
RELX PLC 4.09
Unilever PLC 3.92
Novo Nordisk A/S 3.40
Schneider Electric SE 3.36
AstraZeneca PLC 3.23
Deutsche Telekom AG 3.19
Cie Financiere Richemont SA 3.18
AXA SA 3.10
SAP SE 2.89
Total 34.79
View full holdings
Portfolio Characteristics (As of 04/30/2023)
  FUND INDEX
Number of Holdings
Equity Issues		 44 881
Number of Holdings
Debt Issues		 0 0
Market Capitalization
Weighted Average		 $141.95B $70.06B
Portfolio Turnover Rate
(1-year trailing)		 60.10% -
Price/Earnings Ratio
(1-year forward)		 12.89 13.09
Price/Book Ratio
 2.49 1.75
Earnings Growth Rate
(1-year forward)		 8.03% 12.26%
Weighted Average Maturity
(years)		 0.11 0.11
Effective Duration
(years)		 0.00 0.00
Regional Allocation % OF FUND % of Index % OF FUND % of Index (As of 04/30/2023)
Market Capitalization Range of Equity Holdings % OF FUND % of Index % OF FUND % of Index (As of 04/30/2023)

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