JNGOX Global Value Fund

Defensive-minded specialists aiming to identify undervalued, global opportunities

NAV
$12.90
As of 10/21/2020

1-Day Change
$0.02 (0.16%)
As of 10/21/2020

YTD Return
-10.10%
As of 10/21/2020

Overview

ABOUT THIS FUND

As defensive value specialists, we look to invest in high-quality companies with strong management teams, stable balance sheets, and durable competitive advantages that are trading at attractive valuations. We seek to achieve excess returns over full market cycles, with less risk than our benchmark and peers as measured by standard deviation, beta and down-market capture.

WHY INVEST IN THIS FUND

Attractive Reward/Risk

Our disciplined valuation process measures downside risk before upside potential and invests in securities with favorable reward/risk ratios.

High-Conviction Process

The portfolio typically holds between 60 to 90 stocks with business fundamentals considered more important than fluctuations in the wider economy.

Different Than the Benchmark

The benchmark is not used as a starting point for portfolio construction, which should lead to high active share.

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

Gregory Kolb, CFA

Chief Investment Officer | Portfolio Manager

Industry since 1998. Joined Firm in 2010.

George Maglares

Portfolio Manager | Research Analyst

Industry since 2004. Joined Firm in 2013.

Performance

RETURNS (%) (As of 09/30/2020)
Global Value Fund - Class D Shares MSCI World Index℠ MSCI World Value Net (USD)
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(06/29/2001)
Global Value Fund - Class D Shares 5.28 -12.40 -6.28 0.30 4.08 6.05 5.64
MSCI World Index℠ 7.93 1.70 10.41 7.74 10.48 9.37 6.15
MSCI World Value Net (USD) 3.87 -14.60 -8.35 -1.01 5.01 6.00 4.42
RETURNS (%) (As of 09/30/2020)
Global Value Fund - Class D Shares MSCI World Index℠ MSCI World Value Net (USD)
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(06/29/2001)
Global Value Fund - Class D Shares 5.28 -12.40 -6.28 0.30 4.08 6.05 5.64
MSCI World Index℠ 7.93 1.70 10.41 7.74 10.48 9.37 6.15
MSCI World Value Net (USD) 3.87 -14.60 -8.35 -1.01 5.01 6.00 4.42
CALENDAR YEAR RETURNS (%)
Global Value Fund - Class D Shares MSCI World Index℠
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Global Value Fund - Class D Shares 11.45 1.75 11.70 21.18 5.39 -2.05 3.21 18.88 -6.74 18.19
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 -1.36 -1.31
Alpha -5.73 -3.94
Tracking Error 5.45 4.85
Beta 0.82 0.80
R-squared (%) 90.37 89.71
UP/DOWN MARKET CAPTURE (%)
VS. MSCI World Index℠
3YR 5YR
Up Capture Ratio 62.23 64.32
Down Capture Ratio 89.95 86.67
STANDARD DEVIATION 3YR 5YR
Global Value Fund 14.62 12.16
MSCI World Index℠ 16.92 14.40
SHARPE RATIO 3YR 5YR
Global Value Fund -0.09 0.25
MSCI World Index℠ 0.36 0.65
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS D SHARES
Management Fees 0.47%
Other Expenses 0.34%
Total Gross Expenses 0.81%
Total Net Expenses 0.81%

Portfolio

Index represents the MSCI World Index℠.

Top Holdings (As of 09/30/2020)
% of Fund
Oracle Corp 4.48
Johnson & Johnson 4.15
Public Storage 3.88
Pfizer Inc 3.29
Unilever NV 3.23
Cognizant Technology Solutions Corp 2.99
Alphabet Inc 2.74
Novartis AG 2.51
Honda Motor Co Ltd 2.21
Bayerische Motoren Werke AG 2.19
Total 31.67
View full holdings
Portfolio Characteristics (As of 09/30/2020)
  FUND INDEX
Number of Holdings
Equity Issues
87 1606
Market Capitalization
Weighted Average
$106.35B $308.35B
Portfolio Turnover Rate
(1-year trailing)
23.46% -
Price/Earnings Ratio
(1-year forward)
18.75 28.27
Price/Book Ratio
(1-year forward)
2.70 4.80
Earnings Growth Rate
(1-year forward)
-13.85% -5.62%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 09/30/2020)
Health Care 16.79 13.75
Financials 12.92 11.86
Industrials 12.72 10.38
Consumer Staples 11.32 8.22
Information Technology 9.94 22.11
Consumer Discretionary 9.04 11.83
Utilities 7.03 3.25
Communication Services 6.91 8.85
Real Estate 6.05 2.80
Materials 3.20 4.47
Energy 1.39 2.48
Cash & Equivalents 2.69 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of September 30, 2020)
North America 46.61 69.38
Europe 31.19 19.09
Japan 11.98 7.86
Asia/Pacific Ex Japan 7.53 3.49
Cash & Equivalents 2.69 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of September 30, 2020)
Over $100B 26.65 43.49
$50B to $100B 9.83 18.26
$10B to $50B 39.38 31.61
$5B to $10B 2.91 5.33
$1B to $5B 13.79 1.11
$500M to $1B 1.93
$250M to $500M 1.88
$100M to $250M 0.85
Under $100M 0.09
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of September 30, 2020)
Non-U.S. Developed 46.85 33.60
U.S. 46.00 66.30
Non-U.S. Emerging 4.46 0.10
Cash & Equivalents 2.69 -

Documents

TOP