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

Global Financials Fund

Seeks to invest in companies that benefit from secular trends in the financial services industry.

ISIN
GB0031919235

NAV
GBP 821.10p
As of 15/04/2024

1-Day Change
GBP -11.40p (-1.37%)
 As of 15/04/2024

Morningstar Rating

As of 31/03/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term. Performance target: To outperform the FTSE World Financial Index by 2% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, which operate in the financial services industry, in any country. The portfolio may be concentrated in terms of its number of holdings and/or the size of its largest holdings. The Fund may also invest in other assets including bonds (including convertible bonds), preference shares, 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 FTSE World Financial 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. As an additional means of assessing the performance of the Fund, the IA Financials and Financial Innovation sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

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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

  • Aims to achieve long-term total return primarily through investments in financial services firms around the globe.
  • Seeking to invest with conviction in companies with durable competitive advantages that are identified by a global team of investment talent.
  • Seeks to invest across asset classes wherever the most compelling opportunities exist, regardless of style, market cap, or geography.
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

John Jordan

John Jordan

Portfolio Manager | Research Analyst

Industry since 1997. Joined Firm in 2008.

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.
Discrete Performance (%)
As of 31/03/2024
I Acc (Net) FTSE World Financials TR IA Financials and Financial Innovation
 
Quarter End
As of 31/03/2024 		Mar-2023 - Mar-2024 Mar-2022 - Mar-2023 Mar-2021 - Mar-2022 Mar-2020 - Mar-2021 Mar-2019 - Mar-2020
I Acc (Net) 31.25 -5.72 9.32 31.36 -2.86
FTSE World Financials TR 28.48 -4.26 18.34 38.59 -15.69
IA Financials and Financial Innovation 24.37 -13.19 3.40 44.85 -8.98

Index Description

The FTSE World Financials Index is a measure of the combined performance of large and medium sized financial companies from developed and advanced emerging stock markets. It forms the basis pf the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

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.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
© Morningstar 2024. All rights reserved. NAV-NAV, net income reinvested where applicable.
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.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
Cumulative & Annualised Performance (%)
As of 31/03/2024
I Acc (Net) FTSE World Financials TR IA Financials and Financial Innovation
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
28/12/2001
I Acc (Net) 5.45 11.98 31.25 10.59 11.53 10.08 10.71
FTSE World Financials TR 5.21 10.88 28.48 13.33 11.20 10.88 6.53
IA Financials and Financial Innovation 3.66 9.28 24.37 3.74 8.03 9.14 9.25
 
  Annualised
3YR 5YR 10YR Since Inception
28/12/2001
I Acc (Gross) - 12.54 11.17 11.86
FTSE World Financials TR + 2.00% - 13.43 13.09 8.66

Index Description

The FTSE World Financials Index is a measure of the combined performance of large and medium sized financial companies from developed and advanced emerging stock markets. It forms the basis pf the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

The I Acc share class was launched on 16/05/2003. Performance prior to that date is past performance based on the A Acc share class of the same fund which has a different current ongoing charge included of 1.74.
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.
© Morningstar 2024. All rights reserved. NAV-NAV, net income reinvested where applicable.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
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.
Calendar Year Returns (%)
As of 31/03/2024
I Acc (Net) FTSE World Financials TR IA Financials and Financial Innovation
2023 2022 2021 2020 2019
I Acc (Net) 12.78 -4.53 17.83 4.35 25.94
FTSE World Financials TR 10.86 3.13 24.51 -4.41 20.93
IA Financials and Financial Innovation 12.73 -17.66 14.40 11.21 26.84

Index Description

The FTSE World Financials Index is a measure of the combined performance of large and medium sized financial companies from developed and advanced emerging stock markets. It forms the basis pf the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
Year I Acc (Net) Index
2023 12.78 10.86
2022 -4.53 3.13
2021 17.83 24.51
2020 4.35 -4.41
2019 25.94 20.93
2018 -6.78 -7.67
2017 15.58 13.10
2016 19.99 31.37
2015 1.28 1.71
2014 6.09 10.50
2013 30.06 23.37
2012 20.25 23.73
2011 -23.06 -17.13
2010 12.37 9.16
2009 29.77 20.38
2008 -40.78 -35.32
2007 9.38 -7.10
2006 24.32 9.26
2005 48.99 26.04
2004 25.47 11.09
2003 35.19 25.37
2002 -5.29 -23.74
2001 from 28/12/2001 9.73 -0.59
The I Acc share class was launched on 16/05/2003. Performance prior to that date is past performance based on the A Acc share class of the same fund which has a different current ongoing charge included of 1.74.
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.
© Morningstar 2024. All rights reserved. NAV-NAV, net income reinvested where applicable.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
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.

Portfolio

Top Holdings (As of 29/02/2024)
% OF FUND
JPMorgan Chase 9.49
Progressive 7.45
Mastercard 5.66
UniCredit 5.50
Visa 4.40
NatWest Group 4.35
BNP Paribas 4.31
Apollo Global Management 3.96
Bank of America 3.82
Charles Schwab 3.51
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.

Documents

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  • ​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.
  • The Fund is focused towards particular industries or investment themes and may be heavily impacted by factors such as changes in government regulation, increased price competition, technological advancements and other adverse events.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • 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.
  • 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.
  • Some or all of the ongoing charges may be taken from capital, which may erode capital or reduce potential for capital growth.
  • 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.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.