JANRX Global Select Fund

By investing in companies across the market-cap and style spectrum, we seek to deliver risk-adjusted returns that are consistently good, not sporadically great

NAV
$15.56
As of 08/13/2020

1-Day Change
-$0.03 (-0.19%)
As of 08/13/2020

YTD Return
-1.77%
As of 08/13/2020

Overview

NAVIGATE UNCERTAINTY

George Maris, Co-Head of Equities – Americas, offers perspective on the market’s historic moves over the past month and how he is navigating the volatility.

George P. Maris, CFA | Janus Henderson Investors

ABOUT THIS FUND

A global equity fund seeking to grow capital by investing with conviction in companies worldwide where the portfolio manager believes 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

Flexible Global All-Cap Equities

The portfolio manager has the flexibility to invest in 40 to 70 companies across the globe, market cap and style spectrum where free-cash-flow growth is believed to be underestimated by the market. The portfolio manager searches for both growing companies and attractive valuations.

Differentiated Insights

The intersection of independent viewpoints and differentiated perspectives between the portfolio manager and research analysts should lead to potentially greater and more consistent excess returns over time.

Exacting Portfolio Construction

Taking a prudent approach to portfolio construction and risk management, the portfolio manager aims to drive superior risk-adjusted returns over the full market cycle through stock selection in an effort to avoid persistent biases.

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.

Garth C. Yettick, CFA

Portfolio Manager

Industry since 1994. Joined Firm in 1997.

Performance

RETURNS (%) (As of 06/30/2020)
Global Select Fund - Class D Shares MSCI All Country World Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(06/30/2000)
Global Select Fund - Class D Shares 21.27 -10.73 -0.65 4.96 4.72 7.16 3.28
MSCI All Country World Index℠ 19.22 -6.25 2.11 6.14 6.46 9.16 4.33
RETURNS (%) (As of 07/31/2020)
Global Select Fund - Class D Shares MSCI All Country World Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(06/30/2000)
Global Select Fund - Class D Shares 13.93 -6.00 4.83 5.65 5.99 6.86 3.53
MSCI All Country World Index℠ 13.38 -1.29 7.20 6.99 7.37 8.87 4.58
CALENDAR YEAR RETURNS (%)
Global Select Fund - Class D Shares MSCI All Country World Index℠
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Global Select Fund - Class D Shares 20.12 -17.72 4.23 27.00 6.95 -4.56 3.37 31.08 -9.80 27.41
MSCI All Country World Index℠ 12.67 -7.35 16.13 22.80 4.16 -2.36 7.86 23.97 -9.42 26.60
GROWTH OF A HYPOTHETICAL INVESTMENT

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

RISK / REWARD
VS. MSCI All Country World Index℠
3YR 5YR
Information Ratio -0.23 -0.37
Alpha -1.60 -2.20
Tracking Error 4.69 4.43
Beta 1.16 1.15
R-squared (%) 95.77 94.95
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World Index℠
3YR 5YR
Up Capture Ratio 107.82 108.57
Down Capture Ratio 113.29 118.91
STANDARD DEVIATION 3YR 5YR
Global Select Fund 19.21 17.14
MSCI All Country World Index℠ 16.26 14.51
SHARPE RATIO 3YR 5YR
Global Select Fund 0.17 0.21
MSCI All Country World Index℠ 0.27 0.37
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS D SHARES
Management Fees 0.64%
12b-1 Fees -
Other Expenses 0.21%
Total Gross Expenses 0.85%
Waivers 0.00%
Total Net Expenses 0.85%

Portfolio

Index represents the MSCI All Country World Index℠.

Top Holdings (As of 06/30/2020)
% of Fund
NRG Energy Inc 5.17
Microsoft Corp 5.06
Tencent Holdings Ltd 4.02
Alibaba Group Holding Ltd (ADR) 3.79
Citigroup Inc 3.74
Coca-Cola Co 3.51
Goldman Sachs Group Inc 3.18
Adobe Inc 3.05
PulteGroup Inc 2.82
Amazon.com Inc 2.77
Total 37.11
View full holdings
Portfolio Characteristics (As of 06/30/2020)
  FUND INDEX
Number of Holdings
Equity Issues
57 2988
Market Capitalization
Weighted Average
$228.73B $246.72B
Portfolio Turnover Rate
(1-year trailing)
25.30% -
Price/Earnings Ratio
(1-year forward)
26.49 27.00
Price/Book Ratio
(1-year forward)
4.10 4.57
Earnings Growth Rate
(1-year forward)
-11.95% -9.37%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 06/30/2020)
Financials 18.73 13.43
Information Technology 17.43 20.74
Consumer Discretionary 16.39 11.77
Health Care 11.79 12.92
Industrials 8.81 9.42
Communication Services 7.69 9.36
Materials 5.35 4.64
Utilities 5.16 3.20
Consumer Staples 4.54 8.06
Energy 2.46 3.55
Cash & Equivalents 1.65 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of June 30, 2020)
North America 60.01 60.13
Asia/Pacific Ex Japan 19.64 12.90
Europe 13.85 17.87
Japan 4.85 6.99
Cash & Equivalents 1.65 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of June 30, 2020)
Over $100B 42.01 41.31
$50B to $100B 15.05 15.31
$10B to $50B 19.27 33.28
$5B to $10B 14.72 7.19
$1B to $5B 7.12 2.46
$250M to $500M 0.16
N/A 0.02 0.44
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of June 30, 2020)
U.S. 56.83 57.38
Non-U.S. Developed 26.11 30.37
Non-U.S. Emerging 15.41 12.25
Cash & Equivalents 1.65 -

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