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For Individual Investors in the US

Emerging Markets Fund Holdings

Full Portfolio Holdings

(As of March 31, 2025)

% OF INVESTMENTS
Taiwan Semiconductor Manufacturing Co Ltd 9.50
Tencent Holdings Ltd 4.52
Samsung Electronics Co Ltd 4.18
BYD Co Ltd 3.76
Full Truck Alliance Co Ltd (ADR) 3.74
HDFC Bank Ltd 3.58
Contemporary Amperex Technology Co Ltd 3.19
AIA Group Ltd 2.93
Tencent Holdings Ltd (ADR) 2.91
Bharti Airtel Ltd 2.90
Reliance Industries Ltd 2.84
Allegro.eu SA 2.33
Vale SA (ADR) 2.27
Trip.com Group Ltd 2.24
NAVER Corp 2.05
Shriram Finance Ltd 2.05
HDFC Life Insurance Co Ltd 1.84
Accton Technology Corp 1.81
Yum China Holdings Inc 1.80
Eicher Motors Ltd 1.77
SK Hynix Inc 1.76
H World Group Ltd 1.73
Talabat Holding PLC 1.65
MercadoLibre Inc 1.57
Hana Financial Group Inc 1.43
Alchip Technologies Ltd 1.31
Erste Group Bank AG 1.27
Sea Ltd (ADR) 1.27
Powszechna Kasa Oszczednosci Bank Polski SA 1.25
Vipshop Holdings Ltd (ADR) 1.24
Sichuan Kelun-Biotech Biopharmaceutical Co Ltd 1.22
Wal-Mart de Mexico SAB de CV 1.17
EPL Ltd 1.15
Delta Electronics Inc 1.09
E Ink Holdings Inc 1.07
Vietnam Technological & Commercial Joint Stock Bank 1.05
ASMPT Ltd 1.05
Globant SA 1.03
Grupo Financiero Banorte SAB de CV 1.01
VTEX 0.91
Dino Polska SA 0.90
Park Systems Corp 0.85
Freeport-McMoRan Inc 0.82
Chroma ATE Inc 0.79
Becle SAB de CV 0.74
Anglo American PLC 0.72
Zai Lab Ltd 0.72
Kia Corp 0.71
Aspirasi Hidup Indonesia Tbk PT 0.68
Yapi ve Kredi Bankasi AS 0.62
Macrotech Developers Ltd 0.59
Legend Biotech Corp (ADR) 0.54
TechWing Inc 0.51
Devyani International Ltd 0.51
Structure Therapeutics Inc (ADR) 0.42
API Holdings Ltd 0.14
Cash & Equivalents 2.30
Janus Henderson publishes this listing of securities held as of the most recently available disclosure period, which varies depending on the portfolio. Any portion of holdings may be excluded from publication when deemed in the best interest of the portfolio. Securities are reported at market value.
The portfolio data and its presentation here is based on the investment book of record and may differ from the accounting book of record and complete schedules of investments in regulatory filings due to differing accounting and reporting standards.