Janus Henderson Emerging Markets Fund
Fund
HEMIX
Price as of:
$8.67
- $0.06
- 0.69%
Primary Theme
fund company
Name
As of 12/05/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.6%
1 yr return
2.5%
3 Yr Avg Return
-7.6%
5 Yr Avg Return
1.0%
Net Assets
$53 M
Holdings in Top 10
42.4%
52 WEEK LOW AND HIGH
$8.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 76.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/05/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
HEMIX - Profile
Distributions
- YTD Total Return 4.6%
- 3 Yr Annualized Total Return -7.6%
- 5 Yr Annualized Total Return 1.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.63%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameJanus Henderson Emerging Markets Fund
-
Fund Family NameJanus Henderson Funds
-
Inception DateDec 31, 2010
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Graña
Fund Description
The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies in emerging market countries. Equity securities include common stocks and related securities, such as preferred stock and convertible securities. The Fund also invests in securities that have contractual restrictions that prohibit or limit their public resale (these are known as “restricted securities”). Emerging market countries are all countries represented by the MSCI Emerging Markets Indexsm and/or those countries considered to be developing by the World Bank, the International Finance Corporation or the United Nations. These countries typically are located in the Asia-Pacific region, Eastern Europe, Central and South America, and Africa.Companies in emerging market countries are broadly defined to include any company that meets one or more of the following tests: (i) its country of organization, its primary business office, and/or the principal trading market of its stock are located in an emerging market country; (ii) 50% or more of its assets are located in emerging market countries, (iii) 50% or more of its revenues are derived from emerging market countries; or (iv) a company with similar emerging markets exposure.In addition to the Fund’s main investments, the Fund may invest no more than 20% of its net assets in the securities of issuers in developed market countries.The Fund may invest in derivatives, which are instruments that have a value derived from, or directly linked to, an underlying asset, such as equity securities, fixed-income securities, commodities, currencies, interest rates, or market indices. In particular, the Fund may invest in derivatives such as futures, options, forward currency contracts, warrants, and swaps (including total return swaps) for various investment purposes, such as to gain exposure to a particular portion of the market or to manage or hedge portfolio risk.The portfolio managers employ both a “top-down” and “bottom-up” approach to select investments for the Fund. The top-down approach involves a macro analysis of factors that include an issuer’s economic growth profile, the stages of a country’s development, and trends in a country’s governance and regulatory framework. The bottom-up analysis focuses on fundamental research and considers, among other factors, a company’s valuation, growth potential, competitive positioning, projected future earnings, cash flows, governance, and dividends. The Fund has the ability to invest more heavily in either growth or value securities depending on market conditions and the portfolio managers’ convictions.The Fund will generally consider selling a stock when, in the portfolio managers’ opinion, there is a deterioration in the factors considered in selecting investments for the Fund, including changes in a country’s stage of development, governance, or regulatory framework. The Fund will also consider selling a stock when, in the portfolio managers’ opinion, a company’s fundamentals or a company’s revenue growth has slowed, or there has been changes in a company’s risk/reward potential.At times, the Fund may invest to a significant degree in issuers located in a single country or region, which particularly includes China, or may also invest in Chinese companies listed on U.S. exchanges structured as variable interest entities. In addition, the Fund may invest in securities issued by small- and mid-sized companies and in less seasoned issuers.
Read More
HEMIX - Performance
Return Ranking - Trailing
| Period | HEMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.6% | -6.5% | 35.1% | 62.22% |
| 1 Yr | 2.5% | -7.5% | 35.5% | 72.66% |
| 3 Yr | -7.6%* | -22.8% | 10.2% | 64.46% |
| 5 Yr | 1.0%* | -5.5% | 11.1% | 83.12% |
| 10 Yr | N/A* | -2.5% | 6.1% | 77.06% |
* Annualized
Return Ranking - Calendar
| Period | HEMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -26.5% | -50.1% | -2.4% | 70.09% |
| 2021 | -4.6% | -33.1% | 22.5% | 44.64% |
| 2020 | 21.3% | -22.1% | 80.1% | 36.32% |
| 2019 | 11.9% | -0.7% | 42.0% | 88.30% |
| 2018 | -19.5% | -31.2% | -5.8% | 60.91% |
Total Return Ranking - Trailing
| Period | HEMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.6% | -6.5% | 35.1% | 62.22% |
| 1 Yr | 2.5% | -7.5% | 35.5% | 72.66% |
| 3 Yr | -7.6%* | -22.8% | 10.2% | 64.46% |
| 5 Yr | 1.0%* | -5.5% | 11.1% | 83.12% |
| 10 Yr | N/A* | -2.5% | 6.1% | 74.34% |
* Annualized
Total Return Ranking - Calendar
| Period | HEMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -26.5% | -42.2% | 1.9% | 78.48% |
| 2021 | -1.6% | -32.5% | 33.1% | 50.36% |
| 2020 | 22.7% | -20.0% | 81.6% | 34.53% |
| 2019 | 13.9% | 2.3% | 42.0% | 90.95% |
| 2018 | -16.5% | -29.8% | -5.3% | 52.01% |
NAV & Total Return History
HEMIX - Holdings
Concentration Analysis
| HEMIX | Category Low | Category High | HEMIX % Rank | |
|---|---|---|---|---|
| Net Assets | 53 M | 653 K | 96.1 B | 78.83% |
| Number of Holdings | 56 | 10 | 6845 | 83.12% |
| Net Assets in Top 10 | 22.5 M | 282 K | 20.4 B | 75.58% |
| Weighting of Top 10 | 42.42% | 0.3% | 100.7% | 17.56% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 8.94%
- Samsung Electronics Co Ltd 8.82%
- Janus Henderson Cash Liquidity Fund 4.63%
- HDFC Bank Ltd 3.35%
- TENCENT HOLDINGS LTD 3.30%
- Wal-Mart de Mexico SAB de CV 2.97%
- AIA GROUP LTD 2.85%
- ICICI Bank Ltd 2.75%
- Bharti Airtel Ltd 2.45%
- BDO Unibank Inc 2.36%
Asset Allocation
| Weighting | Return Low | Return High | HEMIX % Rank | |
|---|---|---|---|---|
| Stocks | 96.42% | 0.00% | 104.09% | 56.23% |
| Preferred Stocks | 0.08% | 0.00% | 10.71% | 51.56% |
| Other | 0.00% | -0.51% | 45.30% | 35.84% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 11.11% |
| Cash | 0.00% | -2.03% | 99.09% | 96.75% |
| Bonds | 0.00% | 0.00% | 94.92% | 22.08% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HEMIX % Rank | |
|---|---|---|---|---|
| Technology | 32.07% | 0.00% | 47.50% | 8.02% |
| Financial Services | 21.36% | 0.00% | 48.86% | 56.90% |
| Consumer Cyclical | 9.77% | 0.00% | 48.94% | 80.16% |
| Basic Materials | 8.87% | 0.00% | 30.03% | 39.16% |
| Communication Services | 8.26% | 0.00% | 39.29% | 57.29% |
| Consumer Defense | 5.98% | 0.00% | 28.13% | 55.19% |
| Industrials | 4.82% | 0.00% | 43.53% | 67.81% |
| Healthcare | 4.49% | 0.00% | 16.53% | 37.19% |
| Utilities | 2.94% | 0.00% | 39.12% | 22.08% |
| Real Estate | 1.45% | 0.00% | 17.15% | 56.50% |
| Energy | 0.00% | 0.00% | 24.80% | 85.94% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HEMIX % Rank | |
|---|---|---|---|---|
| Non US | 88.07% | 0.00% | 100.18% | 34.81% |
| US | 8.35% | 0.00% | 98.40% | 57.14% |
HEMIX - Expenses
Operational Fees
| HEMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.45% | 0.03% | 24.48% | 42.89% |
| Management Fee | 1.00% | 0.00% | 2.00% | 74.38% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | 65.67% |
Sales Fees
| HEMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.40% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| HEMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.40% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| HEMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 76.00% | 0.00% | 190.00% | 74.68% |
HEMIX - Distributions
Dividend Yield Analysis
| HEMIX | Category Low | Category High | HEMIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 13.22% | 58.18% |
Dividend Distribution Analysis
| HEMIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| HEMIX | Category Low | Category High | HEMIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.63% | -1.98% | 17.62% | 24.09% |
Capital Gain Distribution Analysis
| HEMIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2021 | $0.347 | OrdinaryDividend |
| Dec 17, 2020 | $0.134 | OrdinaryDividend |
| Dec 17, 2019 | $0.166 | OrdinaryDividend |
| Dec 18, 2018 | $0.133 | OrdinaryDividend |
HEMIX - Fund Manager Analysis
Managers
Daniel Graña
Start Date
Tenure
Tenure Rank
Sep 16, 2019
2.71
2.7%
Daniel J. Grana is Portfolio Manager, Emerging Market Equity at Janus Henderson Investors, a position he has held since joining the firm in 2019. Daniel is responsible for the Emerging Market Equity strategy and co-manages the emerging markets sleeve of the International Opportunities strategy. Previously, he managed emerging market equities at Putnam Investments from 2003 and was an analyst on the emerging markets team from 1999 to 2002. Before Putnam, he spent four years in the Latin America investment banking group at Merrill Lynch.
Matthew Culley
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
Matthew Culley is a Portfolio Manager at Janus Henderson Investors responsible for co-managing the All-Cap Emerging Market Equity and Asia Pacific ex Japan Growth Equity strategies since 2022. Additionally, he serves as a Research Analyst focused on the Communications, Technology and Consumer sectors. Before joining the firm as an assistant portfolio manager in 2019, Matthew was a co-portfolio manager on a global equity fund and an analyst covering global equities, including global and emerging market consumer and technology, at Putnam Investments. He started with Putnam in 2008 as an investment associate on the equities team. Matthew earned a bachelor of science degree in finance and economics from Boston College. He has 14 years of financial industry experience.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.51 | 13.42 |