Please ensure Javascript is enabled for purposes of website accessibility Global Select Fund - Janus Henderson Investors
For financial professionals in Uruguay

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.

ISIN
LU0200076999

NAV
USD 21.87
As of 2024/04/11

1-Day Change
USD -0.01 (-0.06%)
As of 2024/04/11

Morningstar Rating

As of 2024/03/31

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.
Performance target: To outperform the MSCI All Countries World Index by 2.5% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least two-thirds of its assets in a portfolio of shares (equities) and equity-related securities of companies, of any size, in any industry, in any country. The Fund may also invest in other assets including cash and money market instruments. The Investment Manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently. The Fund is actively managed with reference to the MSCI All Countries World Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance target. The Investment Manager has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.

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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

A global select fund seeking to grow capital by investing with conviction in companies worldwide where the portfolio managers believe 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.

Flexible Global All-Cap Equities
The portfolio managers have the flexibility to invest in 40 to 65 companies across the globe, market cap, and style spectrum where free cash flow growth is believed to be underestimated by the market. The portfolio managers search for growing companies and attractive valuations.

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

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

Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Julian McManus

Portfolio Manager

Industry since 1994. Joined Firm in 2004.

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 2024/03/31
A2 USD (Net) MSCI AC World NR
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
2005/03/24
A2 USD (Net) 5.52 14.68 25.90 5.45 10.28 9.69 8.09
MSCI AC World NR 3.14 8.20 23.22 6.95 10.91 8.75 7.91
 
  Annualised
3YR 5YR 10YR Since Inception
2005/03/24
A2 USD (Gross) - 12.09 11.53 9.86
MSCI AC World NR + 2.50% - 13.68 11.47 10.61
Calendar Year Returns (%)
As of 2024/03/31
A2 USD (Net) MSCI AC World NR
YTD 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
A2 USD (Net) 14.68 13.35 -23.54 19.33 23.47 24.77 -7.61 29.97 3.34 4.82 5.61
MSCI AC World NR 8.20 22.20 -18.36 18.54 16.25 26.60 -9.41 23.97 7.86 -1.95 4.71
Calendar Year Returns (%)
Year A2 USD (Net) Index
2023 13.35 22.20
2022 -23.54 -18.36
2021 19.33 18.54
2020 23.47 16.25
2019 24.77 26.60
2018 -7.61 -9.41
2017 29.97 23.97
2016 3.34 7.86
2015 4.82 -1.95
2014 5.61 4.71
2013 37.76 26.87
2012 17.27 16.54
2011 -16.42 -5.02
2010 10.12 12.34
2009 25.33 30.79
2008 -46.07 -40.33
2007 19.13 9.57
2006 23.78 20.65
2005 from 24/03/2005 17.97 11.70
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 2022/09/30)
1.62%

Portfolio

Top Holdings (As of 2024/02/29)
% of Fund
Microsoft 6.22
Taiwan Semiconductor Manufacturing 5.05
BAE Systems 4.01
Vistra 3.83
Marathon Petroleum 3.64
Chipotle Mexican Grill 2.98
Ferguson 2.90
Samsonite International 2.81
Dai-ichi Life 2.78
Amazon.com 2.75

Documents

  • 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/Units 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.
  • Emerging markets expose the Fund 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.
  • The Fund may use derivatives 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.
  • If the Fund holds assets in currencies other than the base currency of the Fund, or you invest in a share/unit class of a different currency to the Fund (unless hedged, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • When the Fund, or a share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency (hedge), the hedging strategy itself may positively or negatively impact the value of the Fund due to differences in short-term interest rates between the currencies.
  • Securities within the Fund 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.
  • The Fund could lose money if a counterparty with which the Fund trades becomes 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.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • 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.