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Name

As of 11/22/2024

Price

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

Janus Henderson Global Equity Income Fund

HFQIX | Fund

$6.24

$5.72 B

7.13%

$0.44

0.82%

Vitals

YTD Return

8.8%

1 yr return

14.2%

3 Yr Avg Return

5.3%

5 Yr Avg Return

6.3%

Net Assets

$5.72 B

Holdings in Top 10

28.2%

52 WEEK LOW AND HIGH

$6.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 123.00%

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 11/22/2024

Price

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

Janus Henderson Global Equity Income Fund

HFQIX | Fund

$6.24

$5.72 B

7.13%

$0.44

0.82%

HFQIX - Profile

Distributions

  • YTD Total Return 8.8%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 7.70%
DIVIDENDS
  • Dividend Yield 7.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Janus Henderson Global Equity Income Fund
  • Fund Family Name
    Janus Henderson Funds
  • Inception Date
    Nov 30, 2006
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Job Curtis

Fund Description

The Fund pursues its investment objectives by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of income-producing equity securities, such as common and preferred dividend-paying stocks. The Fund invests in U.S. and non-U.S. issuers and will typically invest at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States. An issuer is deemed to be economically tied to a country or countries outside of the United States if one or more of the following tests are met: (i) the issuer is organized in, or its primary business office or principal trading market of its equity is located in, a country outside of the United States; (ii) a majority of the issuer’s revenues are derived from outside of the United States; or (iii) a majority of the issuer’s assets are located outside of the United States. The Fund has no specific policy on the number of different countries in which it will invest but intends to invest in at least three different countries.In selecting investments, portfolio management primarily seeks to identify companies with attractive long-term business prospects that generate cash and produce attractive levels of dividend income, and which are, in the opinion of portfolio management, undervalued or inexpensive relative to other similar investments. Security selection will be based upon an analysis of a broad range of metrics, including price to earnings ratios, balance sheet strength, valuation relative to asset values, return on equity, and a particular focus on cash flow generation and ability to service growing dividend streams in the medium term.For its investments in common stocks, the Fund seeks to invest in securities that portfolio management believes have the potential for growth of income and capital over time. Portfolio management may shift the Fund’s assets among various types of income-producing securities based on changing market conditions. The Fund does not limit its investments to companies of any particular size. However, in an attempt to reduce portfolio risks, portfolio management generally will invest across countries, industry groups and/or security types.Although the Fund does not have a specific policy regarding the growth/value orientation or market capitalization of the companies in which it invests, portfolio management believes that focusing on income-producing equity securities will tend to lead to investments in mid-to-large capitalization “value” stocks (stocks of well-established, undervalued companies that portfolio management believes offer the potential for income and long-term capital appreciation). Portfolio management may, however, invest in smaller and less seasoned issuers.In selecting investments, the Fund also considers environmental, social, and governance (“ESG”) factors and a company’s management of ESG risks that may have a significant impact on the company’s growth, valuation, profits, cash flow, and dividends. Such factors may include corporate governance, human capital and diversity, climate change, disclosure transparency, and business ethics. The Fund evaluates ESG factors and risks, using third-party data and internally-generated analysis, which may include assessments of a company’s alignment with international commitments, a review of ESG investment risk reports, and corporate engagement. At portfolio management’s discretion, the Fund will engage with a company’s senior management to seek to better understand improvements in ESG reporting and disclosure, environmental performance, and strategic positioning in relation to key sustainability trends. The Fund may invest in companies whose ESG practices are evolving, with the expectation that these engagement efforts will result in improvements over time, and will consider selling a security if a company is not responsive to such engagement efforts. The Fund does not consider ESG factors and risks in managing the Fund’s exposure to cash and cash equivalents and certain derivatives, such as forward currency contracts used for hedging purposes.The Fund may seek to enhance the level of dividend income it receives by engaging in regional rotation trading. In a regional rotation trade, the Fund would sell a stock that has declared its dividend and no longer trades with an entitlement to the dividend, and purchase a stock in another region that is about to declare a dividend. By entering into a series of such trades, the Fund seeks to augment the amount of dividend income it receives over the course of a year.The Fund has no limits on the geographic asset distribution of its investments, but the Fund does not expect to invest more than 25% of its assets in securities of companies based in emerging markets. The Fund may invest in companies domiciled in any country that portfolio management believes to be appropriate to the Fund’s objectives. The Fund may, under unusual circumstances, invest in a single country or a limited number of countries.The Fund will generally consider selling a security when, in portfolio management’s opinion, there is a risk of significant deterioration in the company’s fundamentals, or there is a change in business strategy or issuer-specific business outlook that affects the original investment case. The Fund will also consider selling a security if, in portfolio management’s opinion, a superior investment opportunity arises or if it has become overvalued. Also, the Fund will consider selling a security as part of the Fund’s regional rotation trading strategy.The Fund may invest its assets in derivatives.Derivative instruments 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, as substitutes for securities in which the Fund invests or to hedge portfolio risk. In particular, the Fund may invest in derivatives such as forward currency contracts to offset risks associated with currency exposure.The Fund may engage in active and frequent trading to achieve its investment objectives, and the Fund’s regional rotation strategy may increase the rate of portfolio turnover.
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HFQIX - Performance

Return Ranking - Trailing

Period HFQIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -6.8% 19.0% 19.74%
1 Yr 14.2% -1.9% 29.1% 25.00%
3 Yr 5.3%* -3.9% 76.9% 33.77%
5 Yr 6.3%* 0.2% 44.9% 39.64%
10 Yr N/A* -0.4% 22.3% 16.80%

* Annualized

Return Ranking - Calendar

Period HFQIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% 1.0% 26.9% 98.38%
2022 -13.6% -27.8% 166.1% 56.82%
2021 5.1% -66.6% 64.4% 75.58%
2020 -6.5% -17.0% 17.3% 82.76%
2019 12.7% 4.4% 31.6% 69.15%

Total Return Ranking - Trailing

Period HFQIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -6.8% 19.0% 19.74%
1 Yr 14.2% -1.9% 29.1% 25.00%
3 Yr 5.3%* -3.9% 76.9% 33.77%
5 Yr 6.3%* 0.2% 44.9% 39.64%
10 Yr N/A* -0.4% 22.3% 16.00%

* Annualized

Total Return Ranking - Calendar

Period HFQIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.5% 5.4% 31.0% 93.53%
2022 -6.2% -19.9% 344.3% 20.45%
2021 13.1% -0.2% 75.3% 35.64%
2020 1.7% -11.8% 18.9% 57.24%
2019 21.4% 11.2% 32.1% 18.44%

NAV & Total Return History

HFQIX - Holdings

Concentration Analysis

HFQIX Category Low Category High HFQIX % Rank
Net Assets 5.72 B 3.42 M 46.7 B 9.68%
Number of Holdings 83 2 2513 58.71%
Net Assets in Top 10 1.57 B 628 K 13.8 B 8.71%
Weighting of Top 10 28.21% 6.2% 100.0% 38.19%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 5.15%
  2. Unilever PLC ORD GBP0.031111 3.52%
  3. British American Tobacco PLC ORD GBP0.25 3.12%
  4. HSBC Holdings PLC ORD USD0.50 2.75%
  5. The Williams Companies, Inc. COM USD1.00 2.53%
  6. Hon Hai Precision Industry Co Ltd. TWD10 2.48%
  7. MediaTek Inc. TWD10 2.37%
  8. Samsung Electronics Co Ltd. N/VTG PFD KRW100 2.12%
  9. BP PLC ORD USD0.25 2.09%
  10. Daimler Truck Holding AG NPV 2.08%

Asset Allocation

Weighting Return Low Return High HFQIX % Rank
Stocks 		98.80% 7.74% 104.54% 20.32%
Preferred Stocks 		2.12% 0.00% 4.41% 4.84%
Other 		0.33% -0.05% 43.33% 21.61%
Convertible Bonds 		0.00% 0.00% 0.15% 5.48%
Cash 		0.00% 0.00% 13.78% 95.48%
Bonds 		0.00% 0.00% 81.81% 11.61%

Stock Sector Breakdown

Weighting Return Low Return High HFQIX % Rank
Financial Services 		18.41% 0.00% 42.76% 64.17%
Healthcare 		15.02% 0.00% 23.28% 18.57%
Consumer Defense 		12.93% 0.00% 31.84% 12.38%
Communication Services 		10.83% 0.29% 22.75% 14.66%
Basic Materials 		9.65% 0.00% 30.76% 36.81%
Industrials 		9.22% 1.03% 36.79% 84.36%
Technology 		7.33% 0.00% 24.16% 43.32%
Energy 		6.27% 0.00% 26.59% 57.33%
Consumer Cyclical 		5.46% 0.00% 27.46% 83.71%
Utilities 		4.55% 0.00% 27.46% 28.34%
Real Estate 		0.33% 0.00% 17.06% 72.64%

Stock Geographic Breakdown

Weighting Return Low Return High HFQIX % Rank
Non US 		84.42% 0.00% 99.55% 86.45%
US 		14.38% 0.00% 100.40% 11.94%

HFQIX - Expenses

Operational Fees

HFQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 5.99% 69.68%
Management Fee 0.65% 0.00% 1.25% 36.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.47% 67.71%

Sales Fees

HFQIX 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

HFQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

HFQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 123.00% 2.00% 158.16% 94.12%

HFQIX - Distributions

Dividend Yield Analysis

HFQIX Category Low Category High HFQIX % Rank
Dividend Yield 7.13% 0.00% 13.19% 4.85%

Dividend Distribution Analysis

HFQIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

HFQIX Category Low Category High HFQIX % Rank
Net Income Ratio 7.70% 0.18% 7.85% 0.66%

Capital Gain Distribution Analysis

HFQIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

HFQIX - Fund Manager Analysis

Managers

Job Curtis

Start Date

Tenure

Tenure Rank

Nov 30, 2006

15.51

15.5%

Job Curtis joined Henderson Global Investors in 1992 following Henderson’s acquisition of Touche Remnant. Henderson Global Investors merged with Janus Capital Group in May 2017. Job started at Touche Remnant in 1987 as a Unit Trust and Investment Trust Manager, he was then appointed Portfolio Manager of the City of London Investment Trust in 1991. Prior to joining Touche Remnant, he was an assistant fund manager at Cornhill Insurance (1985-1987), and a graduate trainee at Grieveson Grant stockbrokers (1983-1985). Job has a MA in Philosophy, Politics and Economics from Oxford University and is an Associate Member of the Society of Investment Professionals (ASIP).

Alex Crooke

Start Date

Tenure

Tenure Rank

Nov 30, 2006

15.51

15.5%

Alex Crooke is Co-Head of Equities – EMEA and Asia Pacific at Janus Henderson Investors, a position he has held since 2018. Alex is responsible for equities in the EMEA and APAC regions and is a Portfolio Manager for the Global Equity Income and Global Dividend & Income strategies. Previously, he was head of global equity income and specialist equities from 2013. Alex was recruited by Henderson to co-manage the UK assets of an investment trust in 1994 as an associate director. He later became the fund manager responsible for a number of UK and Global income orientated equity products. Alex began his investment career with Equitable Life Assurance Society in 1990 as a U.S. investment analyst. Alex holds a BSc (Hons) in physics and astrophysics from Manchester University and is an associate member of the Society of Investment Professionals.

Ben Lofthouse

Start Date

Tenure

Tenure Rank

Nov 30, 2014

7.5

7.5%

"Ben Lofthouse is Head of Global Equity Income at Janus Henderson Investors, a position he has held since 2018. Prior to this, Ben was a director and has been part of the Global Equity Income Team since joining Henderson in 2004. Additionally, he is a Portfolio Manager for the Global Equity Income and Global Dividend & Income strategies and has managed a range of equity income mandates since 2008. Prior to Henderson, Ben worked as an accountant at PricewaterhouseCoopers, where he started his career in 1998. Ben graduated with a BA degree (Hons) in business economics from Exeter University. He is an associate of the Institute of Chartered Accountants in England and Wales (CA) and holds the Chartered Financial Analyst designation. He has 21 years of financial industry experience."

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 29.68 7.75 0.54

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