Please ensure Javascript is enabled for purposes of website accessibility Global Technology and Innovation Fund - Janus Henderson Investors
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For Financial Professionals in the US

JATIX Global Technology and Innovation Fund

Our deep and experienced tech team seeks growth through innovation in this complex and dynamic sector

NAV
$71.18
As of 11/22/2024

1-Day Change
$0.17 (0.24%)
 As of 11/22/2024

YTD Return
33.97%
As of 11/22/2024

Morningstar Rating

As of 10/31/2024

Morningstar Medalist Rating ™

Bronze Morningstar Analyst Rating
As of 08/23/2024

Overview

Quarterly Update

Watch the investment team recap this quarter.

(Note: Filmed in October 2024).

ABOUT THIS FUND

This global growth fund invests in companies that create and benefit from advances in technology. We invest in companies we believe to be resilient and also take smaller positions in companies that have optionality—meaning large potential upside under a specific scenario. The Fund seeks to provide strong long-term returns with volatility characteristics on par with its peers.

WHY INVEST IN THIS FUND

Finding Growth Through Innovation

Technology is dramatically impacting every sector of the global economy. The Fund seeks to invest in growth companies driving this innovation or benefiting from advances in technology. Common characteristics of an investment include a culture of innovation, long-term focus and attractive relative valuation.

Dedicated Sector Experts

Our dedicated team of technology analysts is embedded deeply within the sector, approaching research as an industry participant. In this complex and rapidly growing sector, it is critical to have experienced investors working to evaluate the impact of disruptive technologies and actively aim to identify both winners and losers.

Deep and Disciplined

The Fund takes a thoughtful approach to portfolio construction as the managers invest in companies believed to be resilient, as well as smaller positions in companies that have optionality – meaning large potential upside under a specific scenario. Through deep research and disciplined portfolio construction, the Fund seeks to deliver strong, risk-adjusted returns over time.

Portfolio Management

Denny Fish
Denny Fish

Portfolio Manager | Research Analyst

Industry since 2004. Joined Firm in 2016.

Jonathan Cofsky, CFA
Jonathan Cofsky, CFA

Portfolio Manager | Research Analyst

Industry since 2006. Joined Firm in 2014.

Performance

RETURNS (%) (As of 09/30/2024)
Global Technology and Innovation Fund - I Shares S&P 500® Index MSCI All Country World Information Technology IndexSM
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/31/1998)
Global Technology and Innovation Fund - I Shares 0.53 28.25 49.15 8.97 20.04 19.46 11.42
S&P 500® Index 5.89 22.08 36.35 11.91 15.97 13.38 8.17
MSCI All Country World Information Technology IndexSM 1.12 26.19 48.35 13.93 22.77 19.11 8.99
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
High absolute short-term performance is not typical and may not be achieved in the future. Such results should not be the sole basis for evaluating material facts in making an investment decision.
Performance for Class I Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

RETURNS (%) (As of 10/31/2024)
Global Technology and Innovation Fund - I Shares S&P 500® Index MSCI All Country World Information Technology IndexSM
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/31/1998)
Global Technology and Innovation Fund - I Shares 2.83 27.12 51.21 6.59 19.07 18.99 11.35
S&P 500® Index 3.66 20.97 38.02 9.08 15.26 13.00 8.10
MSCI All Country World Information Technology IndexSM 2.34 24.98 48.33 11.15 21.52 18.85 8.92
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
High absolute short-term performance is not typical and may not be achieved in the future. Such results should not be the sole basis for evaluating material facts in making an investment decision.
Performance for Class I Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Calendar Year Returns (%)
Global Technology and Innovation Fund - I Shares S&P 500® Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Global Technology and Innovation Fund - I Shares 55.36 -37.60 17.80 51.14 45.25 0.92 44.88 13.87 4.67 9.39
S&P 500® Index 26.29 -18.11 28.71 18.40 31.49 -4.38 21.83 11.96 1.38 13.69
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Performance for Class I Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Morningstar Percentile

 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 15 27 32 27 23
Technology | Rank/Count 56/265 88/235 80/203 57/173 24/88
 (As of 10/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 17 30 32 29 24
Technology | Rank / Count 59/268 93/237 82/204 59/173 26/90

Returns-Based Statistics (As of 10/31/2024 Class I Shares)

RISK / REWARD
VS. MSCI ACWI/Information Technology NR Index		 3YR 5YR
Information Ratio -0.71 -0.38
Alpha -4.18 -1.95
Tracking Error 5.78 5.27
Beta 1.03 1.00
R-squared (%) 94.57 94.65
UP/DOWN MARKET CAPTURE (%)
MSCI ACWI/Information Technology NR Index		 3YR 5YR
Up Capture Ratio 93.96 95.31
Down Capture Ratio 106.15 101.73
STANDARD DEVIATION 3YR 5YR
Global Technology and Innovation Fund 24.89 23.04
MSCI ACWI/Information Technology NR Index 23.47 22.37
SHARPE RATIO 3YR 5YR
Global Technology and Innovation Fund 0.11 0.71
MSCI ACWI/Information Technology NR Index 0.30 0.83
Annual Fees & Expenses (As of the most recent prospectus)
CLASS I SHARES
Management Fees 0.64%
Other Expenses 0.12%
Total Gross Expenses 0.76%
Waivers 0.00%
Total Net Expenses 0.76%
Net expense ratios reflect the expense waiver, if any, contractually agreed to for a one-year period commencing on January 26, 2024. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Portfolio

Index represents the MSCI All Country World Information Technology Index℠.

Top Holdings (As of 10/31/2024)
% of Fund
NVIDIA Corp 13.56
Microsoft Corp 9.56
Taiwan Semiconductor Manufacturing Co Ltd 6.40
Apple Inc 5.39
Alphabet Inc 3.97
Constellation Software Inc/Canada 3.17
Oracle Corp 2.84
Amazon.com Inc 2.78
ASML Holding NV 2.54
Meta Platforms Inc 2.27
TOTAL 52.48
View full holdings
Portfolio Characteristics (As of 10/31/2024)
  FUND INDEX
Number of Holdings
Equity Issues		 74 315
Market Capitalization
Weighted Average		 $1,236.31B $1,696.27B
Portfolio Turnover Rate
(1-year trailing)		 31.56% -
Price/Earnings Ratio
(1-year forward)		 28.97 25.85
Price/Book Ratio
 10.40 8.17
Earnings Growth Rate
(1-year forward)		 26.47% 24.56%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 10/31/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of 10/31/2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 10/31/2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 10/31/2024

Documents

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