HFQDX Global Equity Income Fund

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

NAV
$6.58
As of 02/26/2020

1-Day Change
-$0.01 (-0.15%)
As of 02/26/2020

YTD Return
-6.67%
As of 02/26/2020

Morningstar Rating

As of 01/31/2020

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 12/31/2019)
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 8.85 21.07 21.07 6.77 4.89 6.12 4.23
MSCI World Index℠ 8.56 27.67 27.67 12.57 8.74 9.47 5.91
MSCI World High Dividend Yield Index 7.10 23.15 23.15 10.38 7.31 8.22 4.73
RETURNS (%) (As of 01/31/2020)
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 3.39 -2.27 11.05 5.51 4.17 6.24 4.02
MSCI World Index℠ 5.22 -0.61 17.73 11.45 9.00 9.87 5.82
MSCI World High Dividend Yield Index 1.69 -2.76 13.33 8.87 6.97 8.46 4.47
CALENDAR YEAR RETURNS (%)
Global Equity Income Fund - Class D Shares MSCI World Index℠
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Global Equity Income Fund - Class D Shares 22.19 6.49 -1.55 14.89 20.74 -1.86 -0.47 4.79 19.27 -15.71
MSCI World Index℠ 29.99 11.76 -5.54 15.83 26.68 4.94 -0.87 7.51 22.40 -8.71
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 01/31/2020 Class I Shares)

RISK / REWARD
VS. MSCI World Index℠
3YR 5YR
Information Ratio -1.11 -0.97
Alpha -3.68 -2.91
Tracking Error 5.19 4.74
Beta 0.86 0.84
R-squared (%) 79.37 83.40
UP/DOWN MARKET CAPTURE (%)
VS. MSCI World Index℠
3YR 5YR
Up Capture Ratio 70.43 73.85
Down Capture Ratio 95.82 95.49
STANDARD DEVIATION 3YR 5YR
Global Equity Income Fund 10.85 10.67
MSCI World Index℠ 11.30 11.64
SHARPE RATIO 3YR 5YR
Global Equity Income Fund 0.37 0.31
MSCI World Index℠ 0.86 0.68
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 01/31/2020)
% of Fund
Roche Holding AG 3.63
GlaxoSmithKline PLC 3.20
Novartis AG 3.08
Siemens AG 2.93
BHP Group PLC 2.83
Samsung Electronics Co Ltd 2.82
Enel SpA 2.19
Taiwan Semiconductor Manufacturing Co Ltd (ADR) 2.17
Johnson & Johnson 2.16
TELUS Corp 2.05
Total 27.06
View full holdings
Portfolio Characteristics (As of 01/31/2020)
  FUND INDEX
Number of Holdings
Equity Issues
73 1644
Market Capitalization
Weighted Average
$95.90B $213.42B
Portfolio Turnover Rate
(1-year trailing)
150.33% -
Price/Earnings Ratio
(1-year forward)
15.13 21.27
Price/Book Ratio
(1-year forward)
2.42 5.24
Earnings Growth Rate
(1-year forward)
3.38% 7.77%

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 01/31/2020)
Health Care 15.54 12.88
Financials 10.59 15.38
Materials 10.17 4.18
Industrials 9.80 10.99
Communication Services 8.95 8.47
Energy 8.29 4.50
Information Technology 8.07 18.05
Consumer Discretionary 7.46 10.28
Utilities 7.04 3.64
Consumer Staples 5.67 8.34
Real Estate 5.35 3.29
Cash & Equivalents 3.07 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of January 31, 2020)
Europe 55.76 20.82
North America 23.69 66.99
Asia/Pacific Ex Japan 11.09 3.89
Japan 6.39 8.10
Cash & Equivalents 3.07 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of January 31, 2020)
Over $100B 31.20 41.97
$50B to $100B 12.10 16.51
$10B to $50B 41.52 34.66
$5B to $10B 7.93 5.68
$1B to $5B 1.21 0.97
$500M to $1B 0.11
N/A 2.86 0.21

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