JANWX Global Research Fund

Our research team scours the globe seeking to construct a portfolio of our best ideas in equities, regardless of market cap, geography or subsector

NAV
$86.15
As of 10/28/2020

1-Day Change
-$3.08 (-3.45%)
As of 10/28/2020

YTD Return
2.18%
As of 10/28/2020

Morningstar Rating

As of 09/30/2020

Overview

ABOUT THIS FUND

By investing in the best ideas from each global research sector team, this global large-cap growth fund seeks long-term growth of capital with volatility similar to its peers. Our analysts scour the globe to identify industry leading companies with brand power, enduring business models and strong competitive positioning.

WHY INVEST IN THIS FUND

Managed by Sector Experts
Our teams of dedicated sector specialists conduct independent, differentiated research to construct unique sector portfolios that are combined to form a diversified fund. This design allows investors to benefit directly from the insights and expertise of Janus Henderson's equity research team.

Pure Stock Picking Approach
Each of our experienced global sector teams builds a high-conviction portfolio of their best ideas, regardless of market cap, geography or sub-sector. All ideas and position sizes are debated and fully vetted before entry into the portfolio.

Minimize the Macro
This Fund’s disciplined investment process is designed to minimize macro risks by aligning sector allocations with the benchmark. This allows fundamental, bottom-up stock selection within each sector to be 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

Janus Henderson Central Research Team

The Janus Henderson Central Research Team is overseen by the Portfolio Oversight Team, headed by Director of Research, Matt Peron.

Performance

RETURNS (%) (As of 09/30/2020)
Global Research Fund - Class D Shares MSCI World Index℠ MSCI All Country World Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/25/2005)
Global Research Fund - Class D Shares 9.13 5.20 15.06 9.86 11.20 9.66 9.15
MSCI World Index℠ 7.93 1.70 10.41 7.74 10.48 9.37 6.71
MSCI All Country World Index℠ 8.13 1.37 10.44 7.12 10.30 8.55 6.60
RETURNS (%) (As of 09/30/2020)
Global Research Fund - Class D Shares MSCI World Index℠ MSCI All Country World Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/25/2005)
Global Research Fund - Class D Shares 9.13 5.20 15.06 9.86 11.20 9.66 9.15
MSCI World Index℠ 7.93 1.70 10.41 7.74 10.48 9.37 6.71
MSCI All Country World Index℠ 8.13 1.37 10.44 7.12 10.30 8.55 6.60
CALENDAR YEAR RETURNS (%)
Global Research Fund - Class D Shares MSCI World Index℠
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Global Research Fund - Class D Shares 20.70 -7.48 16.78 24.36 7.34 -2.24 1.96 26.87 -6.89 28.90
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 09/30/2020 Class I Shares)

RISK / REWARD
VS. MSCI World Index℠
3YR 5YR
Information Ratio 0.82 0.28
Alpha 1.86 0.37
Tracking Error 2.71 2.95
Beta 1.04 1.05
R-squared (%) 97.84 96.53
UP/DOWN MARKET CAPTURE (%)
VS. MSCI World Index℠
3YR 5YR
Up Capture Ratio 106.60 106.48
Down Capture Ratio 97.52 104.10
STANDARD DEVIATION 3YR 5YR
Global Research Fund 17.80 15.36
MSCI World Index℠ 16.92 14.40
SHARPE RATIO 3YR 5YR
Global Research Fund 0.47 0.66
MSCI World Index℠ 0.36 0.65
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS D SHARES
Management Fees 0.64%
Other Expenses 0.19%
Total Gross Expenses 0.83%
Waivers 0.00%
Total Net Expenses 0.83%

Portfolio

Index represents the MSCI World Index℠.

Top Holdings (As of 09/30/2020)
% of Fund
Amazon.com Inc 4.06
Microsoft Corp 3.28
Apple Inc 3.24
Adobe Inc 2.41
Alphabet Inc 2.32
ASML Holding NV 2.02
Unilever NV 1.95
Constellation Brands Inc 1.89
Facebook Inc 1.88
Mastercard Inc 1.74
Total 24.79
View full holdings
Portfolio Characteristics (As of 09/30/2020)
  FUND INDEX
Number of Holdings
Equity Issues
99 1606
Market Capitalization
Weighted Average
$322.37B $308.35B
Portfolio Turnover Rate
(1-year trailing)
34.01% -
Price/Earnings Ratio
(1-year forward)
34.81 28.27
Price/Book Ratio
(1-year forward)
8.06 4.80
Earnings Growth Rate
(1-year forward)
1.67% -5.62%
Research Sector Allocations % OF FUND % of Index % OF FUND % of Index (As of )
Technology 18.34 18.42
Consumer 18.00 17.68
Financials 17.25 17.09
Industrials & Materials 16.83 16.70
Health Care 13.68 13.85
Communications 10.33 10.53
Energy & Utilities 5.58 5.73
Cash & Equivalents -0.01 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of September 30, 2020)
North America 69.07 69.38
Europe 21.99 19.09
Asia/Pacific Ex Japan 6.79 3.49
Japan 2.16 7.86
Cash & Equivalents -0.01 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of September 30, 2020)
Over $100B 48.32 43.49
$50B to $100B 20.31 18.26
$10B to $50B 25.31 31.61
$5B to $10B 5.09 5.33
$1B to $5B 0.98 1.11
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of September 30, 2020)
U.S. 66.23 66.30
Non-U.S. Developed 29.41 33.60
Non-U.S. Emerging 4.37 0.10
Cash & Equivalents -0.01 -

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