Please ensure Javascript is enabled for purposes of website accessibility Global Research-Engineered Equity Active Core UCITS ETF - Janus Henderson Investors - US Offshore
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To US Financial Professionals servicing non-US persons

JGBL Global Research-Engineered Equity Active Core UCITS ETF

Core equity exposure targeting consistent outperformance.

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ISIN
IE000Y3FZEN4

NAV
USD 11.61
As of 08/11/2026

JGBL
Global Research-Engineered Equity Active Core UCITS ETF

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Overview

Investment objective

The Fund aims to outperform the Index Benchmark, MSCI World (the Index), over the long term by investing in an actively managed portfolio of equity securities and/or depositary receipts issued by global companies.

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Under normal circumstances, the Fund will invest at least 80% of its assets in equity securities or depositary receipts issued by global developed market companies. It may also invest up to 15% of its assets in equity securities and/or depositary receipts of emerging market companies. The Fund may invest in companies of any size in any industry. The Fund may also hold cash. It may use derivatives for the purposes of hedging/risk reduction and will use FX forwards to hedge currency risk in hedged Share Classes.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

About this fund

The Fund aims to outperform the Index Benchmark over the long term by investing in an actively managed portfolio of equity securities and/or depositary receipts issued by global companies.

Past performance does not predict future returns. 
 

Why invest in this fund

Expert insights

Based on deep fundamental research by expert analysts, working within world-class sector teams.

A proven process

Leveraging two decades of experience constructing portfolios to deliver alpha from analyst insights.

Low active risk

Engineered to maximise stock selection, minimise systemic risk and limit tracking error.

Portfolio characteristics

(As of 30/06/2026)

Number of holdings: 188
Active share: 51.65
Weighted average market cap: 1,005,804
Price-to-book ratio: 4.65
Price-to-earnings ratio: 18.71

Listings Information

Exchange Ticker Currency SEDOL WKN Bloomberg Ticker RIC
London Stock Exchange JGBL LN USD BTY5WB8 A41F18 JGBL LN EQUITY JGBL.L
Borsa Italiana JGBL IM EUR BVBG6D8 A41F18 JGBL IM EQUITY JGBL.MI
BX Swiss JGBL SE USD BVBQS98 A41F18 JGBL SE EQUITY JGBL.S
London Stock Exchange JGBT LN GBP BTY4XR8 A41F18 JGBT LN EQUITY JGBT.L
Xetra JGBL GY EUR BTNNVB6 A41F18 JGBL GY EQUITY JGBL.DE

Portfolio Management

Joshua Cummings, CFA

Portfolio Manager | Research Analyst

Industry since 1996. Joined Firm in 2016.

John Jordan

Portfolio Manager | Research Analyst

Industry since 1997. Joined Firm in 2008.

Jeremy Tjaden, CFA

Portfolio Manager | Analyst | Quantitative Solutions

Industry since 2014. Joined Firm in 2018.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Cumulative & Annualised Performance (%)
As of 07/31/2026
USD Acc (Net) MSCI World NR Global Large-Cap Blend Equity - OE
 
  Cumulative Annualised
  1MO YTD 1YR 3YR 5YR 10YR Since Inception
10/21/2025
USD Acc (Net) 0.92 8.94 - - - - 11.99
MSCI World NR 0.51 10.26 - - - - 12.74
Global Large-Cap Blend Equity - OE 0.35 8.36 - - - - 10.57
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
© Morningstar 2026. All rights reserved. NAV-NAV, gross income reinvested where applicable.

Recommended holding period 5 Years

Example Investment: USD 10,000

Scenarios If you exit after 1 year If you exit after 5 years
MinimumThere is no minimum guaranteed return. You could lose some or all of your investment
StressWhat you might get back after costs4,080 USD3,660 USD
Average return each year-59.18%-18.21%
UnfavourableWhat you might get back after costs8,040 USD12,170 USD
Average return each year-19.63%4.01%
ModerateWhat you might get back after costs11,560 USD17,680 USD
Average return each year15.60%12.07%
FavourableWhat you might get back after costs15,400 USD21,120 USD
Average return each year54.03%16.13%

Growth of a Hypothetical Investment

USD Acc (Net) MSCI World NR
Annual Fees & Expenses (As of the most recent prospectus)
Initial Charge 0.00%
Annual Charge 0.30%
Ongoing Charge
(As of ) 		-
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

A single All-in-Fee expressed as a total expense ratio ("Total Expense Ratio/TER" or "Annual Management Charge/AMC") is payable out of the assets of the relevant Fund for all ongoing fees and expenses. Further information can be found in section "Fees, Charges and Expenses" section of the Prospectus and/or Fund Supplement to the Prospectus.

Portfolio

Top Holdings (As of 06/30/2026)
% of Fund
NVIDIA 5.58
Alphabet 4.56
Apple 3.49
Microsoft 3.39
Amazon.com 2.79
Broadcom 2.29
Micron Technology 1.78
JPMorgan Chase 1.69
Johnson & Johnson 1.37
Meta Platforms 1.31
TOTAL 28.24
View full holdings
References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.

Please note: due to rounding the figures in the holdings breakdowns may not add up to 100%.

Portfolio Characteristics (As of 07/31/2026)
 
Holdings Count
 188
Active Share
 51.55
Weighted Average Market Cap Base Mm
 1102979.23
Price Book Ratio Latest Reported
 4.54
Price To Earnings Trailing Fiscal Year
 24.01
Market Capitalization Range of Equity Holdings % of Fund % of Fund As of 07/31/2026

Please note: due to rounding the figures in the holdings breakdowns may not add up to 100%.

Sector Allocation % of Fund % of Fund As of 07/31/2026

Please note: due to rounding the figures in the holdings breakdowns may not add up to 100%.

Documents

Related Insights

Differentiated insights are central to our investment approach.

Research in focus: Quarterly sector update
Jul 23, 2026
Timely & Topical

Research in focus: Quarterly sector update

Amid a fluid market environment, the Research Team continues to focus on opportunities driven by long-term secular themes.

Read More

Still spending: U.S. consumer strength in a higher-cost environment
Jun 17, 2026
Timely & Topical

Still spending: U.S. consumer strength in a higher-cost environment

The U.S. consumer has been portrayed as stressed, but we remain constructive on spending despite higher energy prices.

Read More

Research in focus: Quarterly sector update
Apr 23, 2026
Features & Outlooks

Research in focus: Quarterly sector update

Despite the volatile macro environment, the Research Team continues to see compelling opportunities across sectors shaped by powerful secular themes.

Read More

  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times.
  • Emerging markets expose investors to higher volatility and greater risk of loss than developed markets; they are susceptible to adverse political and economic events, and may be less well regulated with less robust custody and settlement procedures.
  • High exposure to a particular country or geographical region carries a higher level of risk than a more broadly diversified portfolio.
  • Derivatives may be used with the aim of reducing risk or managing the portfolio more efficiently. However, this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • Securities could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • Losses could be incurred if a counterparty became unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • Information on compliance with EU Sustainability related disclosures can be found here.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.
  • The Legal Entity Identifier for this product is 635400WDAHL57YDKN415.

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