For Institutional Investors in the US

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
$44.49
As of 06/23/2021

1-Day Change
$0.07 (0.16%)
As of 06/23/2021

YTD Return
12.66%
As of 06/23/2021

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.

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.

Performance

RETURNS (%) (As of 03/31/2021)
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 5.06 5.06 63.13 9.13 12.34 0.71 8.28
MSCI All Country World ex-U.S. Index℠ 3.49 3.49 49.41 6.51 9.76 4.93 -
RETURNS (%) (As of 05/31/2021)
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 8.36 13.57 56.15 12.37 14.29 1.93 8.54
MSCI All Country World ex-U.S. Index℠ 7.51 9.87 42.78 8.93 10.88 5.36 -
CALENDAR YEAR RETURNS (%)
Overseas Fund - Class I Shares MSCI All Country World ex-U.S. Index℠
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Overseas Fund - Class I Shares -32.70 12.53 12.28 -13.57 -8.44 -6.86 31.36 -15.30 27.22 16.71
MSCI All Country World ex-U.S. Index℠ -13.71 16.83 15.29 -3.87 -5.66 4.50 27.19 -14.20 21.51 10.65

MORNINGSTAR PERCENTILE

(As Of 03/31/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 7 3 100 11
Foreign Large Blend Category|Rank/Count 40/757 67/690 19/641 499/505 14/130
(As Of 05/31/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 4 5 2 99 10
Foreign Large Blend Category|Rank/Count 23/765 48/704 9/658 509/518 12/127

RETURNS-BASED STATISTICS (As of 05/31/2021 Class I Shares)

RISK / REWARD
VS. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Information Ratio 0.73 0.75
Alpha 2.38 2.03
Tracking Error 4.70 4.58
Beta 1.13 1.12
R-squared (%) 95.86 93.83
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Up Capture Ratio 122.21 119.07
Down Capture Ratio 110.00 106.83
STANDARD DEVIATION 3YR 5YR
Overseas Fund 20.32 16.96
MSCI All Country World ex-U.S. Index℠ 17.66 14.62
SHARPE RATIO 3YR 5YR
Overseas Fund 0.54 0.78
MSCI All Country World ex-U.S. Index℠ 0.43 0.67
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/20)
CLASS I SHARES
Management Fees 0.69%
Other Expenses 0.15%
Total Gross Expenses 0.84%
Waivers 0.00%
Total Net Expenses 0.84%

Portfolio

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

Top Holdings (As of 05/31/2021)
% of Fund
Ferguson PLC 4.62
Taiwan Semiconductor Manufacturing Co Ltd 4.13
ASML Holding NV 4.11
Tencent Holdings Ltd 4.07
Heineken NV 3.93
BNP Paribas SA 3.82
AstraZeneca PLC 3.78
Teck Resources Ltd 3.47
NN Group NV 3.24
AIA Group Ltd 3.24
Total 38.41
View Full Holdings
Portfolio Characteristics (As of 05/31/2021)
  FUND INDEX
Number of Holdings
Equity Issues
43 2360
Market Capitalization
Weighted Average
$150.32B $104.26B
Portfolio Turnover Rate
(1-year trailing)
28.18% -
Price/Earnings Ratio
(1-year forward)
21.63 22.02
Price/Book Ratio
(1-year forward)
4.84 3.86
Earnings Growth Rate
(1-year forward)
32.80% 27.24%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 05/31/2021)
Financials 21.12 19.28
Information Technology 13.25 12.52
Consumer Discretionary 12.06 13.51
Industrials 10.07 11.85
Health Care 9.60 8.96
Communication Services 9.46 6.75
Materials 9.36 8.51
Consumer Staples 6.93 8.50
Energy 4.95 4.42
Cash & Equivalents 3.20 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of May 31, 2021)
Europe 43.66 41.29
Asia/Pacific Ex Japan 29.54 31.83
North America 15.88 7.19
Japan 7.72 14.33
Cash & Equivalents 3.20 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of May 31, 2021)
Over $100B 40.99 27.11
$50B to $100B 17.26 21.48
$10B to $50B 33.28 39.14
$5B to $10B 0.68 8.87
$1B to $5B 3.65 2.20
$500M to $1B 0.86
N/A 0.08 1.18
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of May 31, 2021)
Non-U.S. Developed 67.57 68.91
Non-U.S. Emerging 21.48 30.90
U.S. 7.75 0.19
Cash & Equivalents 3.20 -

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