For Individual Investors in the US

JNGOX Global Value Fund

Defensive-minded specialists aiming to identify undervalued, global opportunities

NAV
$13.61
As of 01/21/2021

1-Day Change
-$0.08 (-0.58%)
As of 01/21/2021

YTD Return
2.02%
As of 01/21/2021

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 12/31/2020)
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 15.68 1.33 1.33 3.75 6.50 6.90 6.36
MSCI World Index℠ 13.96 15.90 15.90 10.54 12.19 9.87 6.15
MSCI World Value Net (USD) 15.73 -1.16 -1.16 2.39 7.15 6.76 4.42
RETURNS (%) (As of 12/31/2020)
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 15.68 1.33 1.33 3.75 6.50 6.90 6.36
MSCI World Index℠ 13.96 15.90 15.90 10.54 12.19 9.87 6.59
MSCI World Value Net (USD) 15.73 -1.16 -1.16 2.39 7.15 6.76 4.99
CALENDAR YEAR RETURNS (%)
Global Value Fund - Class D Shares MSCI World Index℠
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Global Value Fund - Class D Shares 1.75 11.70 21.18 5.39 -2.05 3.21 18.88 -6.74 18.19 1.33
MSCI World Index℠ -5.54 15.83 26.68 4.94 -0.87 7.51 22.40 -8.71 27.67 15.90
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 12/31/2020 Class I Shares)

RISK / REWARD
VS. MSCI World Index℠
3YR 5YR
Information Ratio -1.21 -1.16
Alpha -4.81 -3.24
Tracking Error 5.62 4.87
Beta 0.85 0.83
R-squared (%) 91.28 90.29
UP/DOWN MARKET CAPTURE (%)
VS. MSCI World Index℠
3YR 5YR
Up Capture Ratio 67.64 68.56
Down Capture Ratio 88.89 85.37
STANDARD DEVIATION 3YR 5YR
Global Value Fund 16.41 13.20
MSCI World Index℠ 18.53 15.14
SHARPE RATIO 3YR 5YR
Global Value Fund 0.13 0.41
MSCI World Index℠ 0.48 0.73
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 12/31/2020)
% of Fund
Oracle Corp 4.24
Public Storage 3.45
Unilever PLC 2.79
Johnson & Johnson 2.68
Novartis AG 2.36
Wells Fargo & Co 2.33
Bayerische Motoren Werke AG 2.28
Synchrony Financial 2.24
Honda Motor Co Ltd 2.23
BAE Systems PLC 1.92
Total 26.52
View Full Holdings
Portfolio Characteristics (As of 12/31/2020)
  FUND INDEX
Number of Holdings
Equity Issues
91 1585
Market Capitalization
Weighted Average
$98.26B $329.67B
Portfolio Turnover Rate
(1-year trailing)
30.76% -
Price/Earnings Ratio
(1-year forward)
19.38 30.79
Price/Book Ratio
(1-year forward)
2.74 6.07
Earnings Growth Rate
(1-year forward)
-14.02% 0.85%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 12/31/2020)
Financials 14.94 12.77
Industrials 13.50 10.50
Health Care 12.21 12.95
Consumer Staples 10.44 7.62
Consumer Discretionary 9.90 12.18
Information Technology 8.92 22.06
Utilities 7.67 3.14
Communication Services 7.08 8.90
Real Estate 5.87 2.65
Materials 5.65 4.52
Energy 1.46 2.71
Cash & Equivalents 2.36 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of December 31, 2020)
North America 46.50 68.98
Europe 32.96 19.34
Japan 10.18 7.80
Asia/Pacific Ex Japan 8.00 3.69
Cash & Equivalents 2.36 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of December 31, 2020)
Over $100B 29.77 45.61
$50B to $100B 11.26 17.64
$10B to $50B 34.46 31.99
$5B to $10B 4.72 4.11
$1B to $5B 12.79 0.45
$500M to $1B 1.67
$250M to $500M 2.17
$100M to $250M 0.71
Under $100M 0.08
N/A 0.01 0.20
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of December 31, 2020)
Non-U.S. Developed 46.64 34.02
U.S. 45.89 65.88
Non-U.S. Emerging 5.11 0.10
Cash & Equivalents 2.36 -

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