JORFX Global Select Fund

By investing in companies across the market-cap and style spectrum, we seek to deliver risk-adjusted returns that are consistently good, not sporadically great

NAV
$15.38
As of 09/29/2020

1-Day Change
-$0.04 (-0.26%)
As of 09/29/2020

YTD Return
-3.21%
As of 09/29/2020

Overview

ABOUT THIS FUND

A global equity fund seeking to grow capital by investing with conviction in companies worldwide where the portfolio manager believes 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 Global All-Cap Equities

The portfolio manager has the flexibility to invest in 40 to 70 companies across the globe, market cap and style spectrum where free-cash-flow growth is believed to be underestimated by the market. The portfolio manager searches for both growing companies and attractive valuations.

Differentiated Insights

The intersection of independent viewpoints and differentiated perspectives between the portfolio manager 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 manager aims 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)
Global Select Fund - Class I Shares MSCI All Country World Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(06/30/2000)
Global Select Fund - Class I Shares 21.28 -10.70 -0.56 5.05 4.81 7.25 3.34
MSCI All Country World Index℠ 19.22 -6.25 2.11 6.14 6.46 9.16 4.33
RETURNS (%) (As of 08/31/2020)
Global Select Fund - Class I Shares MSCI All Country World Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(06/30/2000)
Global Select Fund - Class I Shares 16.74 0.50 14.68 7.81 9.16 7.81 3.92
MSCI All Country World Index℠ 15.30 4.75 16.52 8.99 10.21 9.90 4.87
CALENDAR YEAR RETURNS (%)
Global Select Fund - Class I Shares MSCI All Country World Index℠
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Global Select Fund - Class I Shares 20.39 -17.88 4.40 27.17 7.13 -4.43 3.48 31.20 -9.67 27.42
MSCI All Country World Index℠ 12.67 -7.35 16.13 22.80 4.16 -2.36 7.86 23.97 -9.42 26.60

MORNINGSTAR PERCENTILE

(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 53 47 57 76 86
World Large Stock Category|Rank/Count 522/890 409/821 451/730 396/515 223/263
(As Of 08/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 46 48 46 75 81
World Large Stock Category|Rank/Count 439/852 396/788 347/712 377/502 206/257

RETURNS-BASED STATISTICS (As of 08/31/2020 Class I Shares)

RISK / REWARD
VS. MSCI All Country World Index℠
3YR 5YR
Information Ratio -0.25 -0.24
Alpha -2.02 -2.15
Tracking Error 4.70 4.38
Beta 1.15 1.15
R-squared (%) 95.96 95.12
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World Index℠
3YR 5YR
Up Capture Ratio 106.90 110.27
Down Capture Ratio 113.29 120.23
STANDARD DEVIATION 3YR 5YR
Global Select Fund 19.67 17.09
MSCI All Country World Index℠ 16.74 14.44
SHARPE RATIO 3YR 5YR
Global Select Fund 0.31 0.47
MSCI All Country World Index℠ 0.44 0.63
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS I SHARES
Management Fees 0.64%
12b-1 Fees -
Other Expenses 0.16%
Total Gross Expenses 0.80%
Waivers 0.00%
Total Net Expenses 0.80%

Portfolio

Index represents the MSCI All Country World Index℠.

Top Holdings (As of 08/31/2020)
% of Fund
Microsoft Corp 5.07
NRG Energy Inc 4.93
Tencent Holdings Ltd 3.87
Citigroup Inc 3.63
Coca-Cola Co 3.51
PulteGroup Inc 3.19
Amazon.com Inc 3.13
Adobe Inc 3.08
Alibaba Group Holding Ltd (ADR) 3.04
Goldman Sachs Group Inc 2.98
Total 36.43
View full holdings
Portfolio Characteristics (As of 08/31/2020)
  FUND INDEX
Number of Holdings
Equity Issues
57 2984
Market Capitalization
Weighted Average
$271.80B $326.76B
Portfolio Turnover Rate
(1-year trailing)
27.70% -
Price/Earnings Ratio
(1-year forward)
31.35 29.11
Price/Book Ratio
(1-year forward)
4.87 4.81
Earnings Growth Rate
(1-year forward)
-5.73% -5.13%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 08/31/2020)
Consumer Discretionary 19.40 12.80
Financials 17.39 12.85
Information Technology 17.25 21.73
Health Care 12.13 12.30
Industrials 8.79 9.44
Communication Services 7.36 9.49
Materials 5.45 4.69
Utilities 4.92 3.00
Consumer Staples 4.40 7.84
Energy 2.42 3.13
Cash & Equivalents 0.49 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of August 31, 2020)
North America 63.29 61.23
Asia/Pacific Ex Japan 18.84 12.90
Europe 12.94 17.26
Japan 4.44 6.63
Cash & Equivalents 0.49 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of August 31, 2020)
Over $100B 42.74 43.46
$50B to $100B 14.07 16.49
$10B to $50B 26.21 31.64
$5B to $10B 9.20 5.97
$1B to $5B 7.13 2.02
$250M to $500M 0.15
N/A 0.01 0.42
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of August 31, 2020)
U.S. 60.43 58.47
Non-U.S. Developed 24.20 29.35
Non-U.S. Emerging 14.88 12.18
Cash & Equivalents 0.49 -

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