HFQDX Global Equity Income Fund

A high-conviction strategy that targets high, dependable income from high-yielding, high-quality global equities

NAV
$6.13
As of 08/07/2020

1-Day Change
-$0.05 (-0.81%)
As of 08/07/2020

YTD Return
-8.72%
As of 08/07/2020

Morningstar Rating

As of 07/31/2020

Overview

ABOUT THIS FUND

A long-only portfolio that seeks a high level of current income and steady capital appreciation. The Fund seeks global, high-quality, income-producing equities with a focus on international companies.

WHY INVEST IN THIS FUND

Income, Regardless of Environment

With our global approach, we seek to take advantage of various market environments to find the best income-producing equities. We tend to focus on international equities where the income-generating potential may be greater.

Regional Rotation Strategy

We use a specialized rotation strategy intended to capitalize on the global seasonality of dividends.

Differentiated Income Option

The Fund may be an attractive alternative to preferred stock and fixed income. The Fund holds 100% equities with no leverage and a quarterly dividend distribution schedule.

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

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager  

Industry since 1998. Joined Firm in 2004.

Alex Crooke

Co-Head of Equities – EMEA and Asia Pacific | Portfolio Manager

Industry since 1990. Joined Firm in 1994.

Job Curtis

Director, Global Equity Income | Portfolio Manager

Industry since 1983. Joined Firm in 1987.

Performance

RETURNS (%) (As of 06/30/2020)
Global Equity Income Fund - Class D Shares MSCI World Index℠ MSCI World High Dividend Yield Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(11/30/2006)
Global Equity Income Fund - Class D Shares 12.17 -13.48 -5.26 -1.47 1.25 5.73 2.97
MSCI World Index℠ 19.36 -5.77 2.84 6.70 6.90 9.95 5.22
MSCI World High Dividend Yield Index 11.05 -13.18 -6.00 2.23 4.45 8.15 3.47
RETURNS (%) (As of 07/31/2020)
Global Equity Income Fund - Class D Shares MSCI World Index℠ MSCI World High Dividend Yield Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(11/30/2006)
Global Equity Income Fund - Class D Shares 9.64 -10.20 -0.32 -1.24 1.68 5.35 3.23
MSCI World Index℠ 12.75 -1.26 7.23 7.52 7.52 9.61 5.55
MSCI World High Dividend Yield Index 5.30 -11.02 -3.05 2.51 4.62 7.51 3.63
CALENDAR YEAR RETURNS (%)
Global Equity Income Fund - Class D Shares MSCI World Index℠
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Global Equity Income Fund - Class D Shares 6.49 -1.55 14.89 20.74 -1.86 -0.47 4.79 19.27 -15.71 21.07
MSCI World Index℠ 11.76 -5.54 15.83 26.68 4.94 -0.87 7.51 22.40 -8.71 27.67
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 06/30/2020 Class I Shares)

RISK / REWARD
VS. MSCI World Index℠
3YR 5YR
Information Ratio -1.43 -1.06
Alpha -6.66 -4.13
Tracking Error 5.59 5.17
Beta 0.85 0.84
R-squared (%) 88.28 87.32
UP/DOWN MARKET CAPTURE (%)
VS. MSCI World Index℠
3YR 5YR
Up Capture Ratio 64.18 70.29
Down Capture Ratio 98.53 95.14
STANDARD DEVIATION 3YR 5YR
Global Equity Income Fund 14.79 12.97
MSCI World Index℠ 16.26 14.44
SHARPE RATIO 3YR 5YR
Global Equity Income Fund -0.20 0.02
MSCI World Index℠ 0.31 0.40
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS D SHARES
Management Fees 0.67%
12b-1 Fees -
Other Expenses 0.32%
Total Gross Expenses 0.99%
Waivers 0.00%
Total Net Expenses 0.99%

Portfolio

Index represents the MSCI World Index℠.

Top Holdings (As of 06/30/2020)
% of Fund
British American Tobacco PLC 3.97
RWE AG 3.50
Vodafone Group PLC 3.38
Taiwan Semiconductor Manufacturing Co Ltd (ADR) 2.47
E.ON SE 2.39
AXA SA 2.31
Industrial & Commercial Bank of China Ltd 2.30
Schneider Electric SE 2.30
Snam SpA 2.28
Samsung Electronics Co Ltd 2.20
Total 27.10
View full holdings
Portfolio Characteristics (As of 06/30/2020)
  FUND INDEX
Number of Holdings
Equity Issues
74 1603
Market Capitalization
Weighted Average
$56.51B $262.11B
Portfolio Turnover Rate
(1-year trailing)
216.25% -
Price/Earnings Ratio
(1-year forward)
15.50 27.20
Price/Book Ratio
(1-year forward)
2.13 4.68
Earnings Growth Rate
(1-year forward)
-6.47% -11.02%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 06/30/2020)
Utilities 20.03 3.33
Financials 17.09 12.65
Consumer Staples 13.10 8.28
Communication Services 9.79 8.79
Materials 8.52 4.34
Industrials 7.88 10.07
Health Care 5.52 14.11
Energy 5.07 3.22
Information Technology 4.67 21.26
Real Estate 4.59 2.96
Consumer Discretionary 2.07 10.99
Cash & Equivalents 1.67 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of June 30, 2020)
Europe 72.65 19.67
Asia/Pacific Ex Japan 14.44 3.72
North America 11.24 68.45
Cash & Equivalents 1.67 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of June 30, 2020)
Over $100B 10.72 42.82
$50B to $100B 19.98 16.27
$10B to $50B 48.20 33.28
$5B to $10B 11.78 6.22
$1B to $5B 3.84 1.21
N/A 3.81 0.20

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