Janus Henderson European Focus Fund
Fund
HFESX
Price as of:
$42.93
- $0.16
- 0.37%
Primary Theme
fund company
Name
As of 11/21/2024Price
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
2.2%
1 yr return
8.2%
3 Yr Avg Return
0.8%
5 Yr Avg Return
10.3%
Net Assets
$475 M
Holdings in Top 10
36.4%
52 WEEK LOW AND HIGH
$43.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 184.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/21/2024Price
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
HFESX - Profile
Distributions
- YTD Total Return 2.2%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 10.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.58%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameJanus Henderson European Focus Fund
-
Fund Family NameJanus Henderson Funds
-
Inception DateAug 31, 2001
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Schramm-Fuchs
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 European companies. The Fund generally invests in a portfolio of 35-60 equity securities. Equity securities include common stocks and related securities. European companies 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 Europe, (ii) 50% or more of its assets are located in Europe, or (iii) 50% or more of its revenues are derived from Europe.Portfolio management seeks investments that will increase in value by emphasizing stock selection. Stock selection is based on an opportunistic approach which seeks to utilize stock specific criteria described below and global market and industry dynamics that are expected to drive stock prices of European companies. Portfolio management will invest in both “growth” stocks that portfolio management believes are reasonably priced and “value” stocks that are, in portfolio management’s opinion, undervalued. Companies are evaluated using a broad range of criteria, including: (i) a company’s financial strength; (ii) competitive position in its industry; and (iii) projected future earnings and cash flows.The Fund may generally invest in companies located in Western European countries such as the United Kingdom, Belgium, Germany, Norway, the Netherlands, Denmark, Switzerland, Finland, Sweden, Portugal, France, Austria, Ireland, Italy and Spain. The Fund may, under unusual circumstances, invest in a single country or a limited number of countries.In evaluating investment opportunities in various market conditions, portfolio management conducts fundamental research that considers factors such as a company’s historic and projected return on capital, the quality of a company’s management,and a company’s historical valuations, as well as valuation relative to the wider market.The Fund will generally consider selling a stock when, in portfolio management’s opinion, there is a deterioration in the company’s fundamentals, the company fails to meet performance expectations, its earnings are disappointing, or its revenue growth has slowed. The Fund will also consider selling a stock if portfolio management believes that negative country, sector, or regional factors may affect the company’s outlook, or, in portfolio management’s opinion, a superior investment opportunity arises or to meet cash requirements.The Fund may engage in active and frequent trading to achieve its investment objective. The Fund does not limit its investments to companies of any particular size and may invest a significant portion of its assets in smaller and less seasoned issuers. However, in an attempt to reduce portfolio risks, portfolio management generally will invest across countries, industry groups and/or security types.The Fund may seek to earn additional income through lending its securities to certain qualified broker-dealers and institutions on a short-term or long-term basis, in an amount equal to up to one-third of its total assets as determined at the time of the loan origination.
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HFESX - Performance
Return Ranking - Trailing
| Period | HFESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.2% | -3.2% | 20.3% | 65.52% |
| 1 Yr | 8.2% | 3.3% | 26.2% | 74.71% |
| 3 Yr | 0.8%* | -12.0% | 7.4% | 52.33% |
| 5 Yr | 10.3%* | -0.5% | 10.6% | 5.95% |
| 10 Yr | N/A* | 1.8% | 8.7% | 30.14% |
* Annualized
Return Ranking - Calendar
| Period | HFESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.4% | 2.0% | 24.1% | 59.77% |
| 2022 | -18.3% | -45.1% | -3.8% | 37.21% |
| 2021 | 18.6% | -8.7% | 23.4% | 29.41% |
| 2020 | 26.3% | -19.4% | 44.5% | 7.14% |
| 2019 | 30.1% | 7.4% | 44.8% | 9.64% |
Total Return Ranking - Trailing
| Period | HFESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.2% | -3.2% | 20.3% | 65.52% |
| 1 Yr | 8.2% | 3.3% | 26.2% | 74.71% |
| 3 Yr | 0.8%* | -12.0% | 7.4% | 52.33% |
| 5 Yr | 10.3%* | -0.5% | 10.6% | 5.95% |
| 10 Yr | N/A* | 1.8% | 8.7% | 30.14% |
* Annualized
Total Return Ranking - Calendar
| Period | HFESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.2% | 3.7% | 27.2% | 63.22% |
| 2022 | -16.0% | -45.1% | -0.6% | 40.70% |
| 2021 | 19.0% | -1.2% | 24.7% | 29.41% |
| 2020 | 26.7% | -19.4% | 55.6% | 10.71% |
| 2019 | 31.8% | 13.5% | 46.3% | 8.43% |
NAV & Total Return History
HFESX - Holdings
Concentration Analysis
| HFESX | Category Low | Category High | HFESX % Rank | |
|---|---|---|---|---|
| Net Assets | 475 M | 5.07 M | 24.7 B | 46.59% |
| Number of Holdings | 45 | 18 | 1834 | 78.16% |
| Net Assets in Top 10 | 175 M | 1.46 M | 5.23 B | 33.33% |
| Weighting of Top 10 | 36.35% | 7.7% | 102.0% | 28.74% |
Top 10 Holdings
- Novo Nordisk A/S SER'B'DKK0.1 6.00%
- ASML Holding N.V. EUR0.09 5.15%
- TotalEnergies SE EUR2.5 4.34%
- LVMH Moet Hennessy Vuitton SE EUR0.30 3.70%
- Novartis AG CHF0.49 (REGD) 3.53%
- AstraZeneca PLC ORD USD0.25 3.34%
- Deutsche Telekom AG NPV(REGD) 2.83%
- UniCredit S.p.A. NPV 2.52%
- Nestle SA CHF0.10 (REGD) 2.50%
- Relx PLC ORD GBP0.1444 2.46%
Asset Allocation
| Weighting | Return Low | Return High | HFESX % Rank | |
|---|---|---|---|---|
| Stocks | 99.56% | 0.00% | 108.46% | 10.34% |
| Cash | 0.44% | 0.05% | 26.39% | 86.21% |
| Convertible Bonds | 0.29% | 0.00% | 0.81% | 4.60% |
| Preferred Stocks | 0.00% | 0.00% | 5.14% | 50.57% |
| Other | 0.00% | -12.19% | 11.18% | 48.28% |
| Bonds | 0.00% | 0.00% | 80.40% | 21.84% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HFESX % Rank | |
|---|---|---|---|---|
| Industrials | 15.90% | 2.47% | 34.57% | 43.53% |
| Healthcare | 15.21% | 0.00% | 28.53% | 35.29% |
| Basic Materials | 12.95% | 0.00% | 19.84% | 7.06% |
| Consumer Defense | 12.78% | 0.00% | 23.04% | 30.59% |
| Financial Services | 11.58% | 0.00% | 36.14% | 68.24% |
| Consumer Cyclical | 10.93% | 0.00% | 37.84% | 38.82% |
| Utilities | 6.34% | 0.00% | 15.55% | 8.24% |
| Communication Services | 5.09% | 0.00% | 10.93% | 57.65% |
| Energy | 4.69% | 0.00% | 73.53% | 60.00% |
| Technology | 4.52% | 0.00% | 27.53% | 77.65% |
| Real Estate | 0.00% | 0.00% | 12.81% | 78.82% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HFESX % Rank | |
|---|---|---|---|---|
| Non US | 97.21% | 0.00% | 106.03% | 35.63% |
| US | 2.35% | 0.00% | 101.92% | 36.78% |
HFESX - Expenses
Operational Fees
| HFESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.95% | 0.07% | 3.85% | 2.30% |
| Management Fee | 1.00% | 0.06% | 1.19% | 89.77% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 42.11% |
| Administrative Fee | 0.25% | 0.01% | 0.25% | 94.44% |
Sales Fees
| HFESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| HFESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
| HFESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 184.00% | 1.68% | 184.00% | 92.42% |
HFESX - Distributions
Dividend Yield Analysis
| HFESX | Category Low | Category High | HFESX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.25% | 0.00% | 6.89% | 52.27% |
Dividend Distribution Analysis
| HFESX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Annual |
Net Income Ratio Analysis
| HFESX | Category Low | Category High | HFESX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.58% | -1.72% | 4.06% | 74.71% |
Capital Gain Distribution Analysis
| HFESX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 07, 2023 | $0.976 | OrdinaryDividend |
| Dec 20, 2022 | $1.024 | OrdinaryDividend |
| Dec 20, 2021 | $0.139 | OrdinaryDividend |
| Dec 17, 2020 | $0.111 | OrdinaryDividend |
| Dec 17, 2019 | $0.370 | OrdinaryDividend |
| Dec 18, 2018 | $2.021 | OrdinaryDividend |
| Dec 19, 2017 | $0.748 | OrdinaryDividend |
HFESX - Fund Manager Analysis
Managers
Robert Schramm-Fuchs
Start Date
Tenure
Tenure Rank
Mar 19, 2019
3.2
3.2%
"Robert Schramm-Fuchs is a Portfolio Manager at Janus Henderson Investors responsible for managing the European Focus strategy since 2019. Robert joined Henderson in 2014 as a European equity analyst. Prior to Henderson, he was with Macquarie's global alternative energy and utilities research team from 2010. Before this, he was head of the renewables research team at Commerzbank based in Frankfurt. He also worked with BHF Bank and Independent Research covering the solar sector for nine years. Robert received a diploma in international management from Friedrich-Schiller University of Jena. He has 14 years of financial industry experience."
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 24.59 | 7.25 | 0.64 |