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For Individual Investors in the US

JMSCX Global Allocation Fund - Conservative

This fund of funds offers broad global diversification by utilizing the full spectrum of Janus Henderson Investment expertise and solutions

Buy/Trade

NAV
$11.90
As of 11/20/2024

1-Day Change
-$0.02 (-0.17%)
 As of 11/20/2024

YTD Return
6.73%
As of 11/20/2024

Overview

ABOUT THIS FUND

This fund of funds offers broad global diversification for investors by utilizing the full spectrum of Janus Henderson's investment expertise and solutions, with the goal of providing higher risk-adjusted returns than the broader markets.

WHY INVEST IN THIS FUND

Actively Managed Diversification
This fund actively allocates across a range of actively managed equity, fixed income and alternative asset classes while providing opportunity for higher returns and lower volatility through the benefits of diversification.

Powered by Janus Henderson’s Investment Expertise
The Portfolio Managers select from the full range of our investment groups’ expertise to build this portfolio, allowing for more complete diversification across investment styles, geographies and asset classes.

Defined Risk
Targeting an allocation of 30% to 50% equities, 50% to 65% fixed income and 0% to 20% alternatives, this fund may be suitable for conservative investors desiring a well-diversified portfolio that seeks to exceed the long-term returns of fixed income markets.

Portfolio Management

Ashwin Alankar, Ph.D.
Ashwin Alankar, Ph.D.

Head of Global Asset Allocation | Portfolio Manager

Industry since 2001. Joined Firm in 2014.

Nick Harper, CFA
Nick Harper, CFA

Portfolio Manager  

Industry since 2010. Joined Firm in 2014.

Performance

RETURNS (%) (As of 09/30/2024)
Global Allocation Fund - Conservative - D Shares Bloomberg Global Aggregate Bond Index Global Conservative Allocation Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/30/2005)
Global Allocation Fund - Conservative - D Shares 5.66 8.88 18.46 0.09 3.86 3.61 5.18
Bloomberg Global Aggregate Bond Index 6.98 3.60 11.99 -3.06 -0.83 0.57 2.52
Global Conservative Allocation Index 6.84 9.45 19.62 1.41 4.42 4.22 4.80
Performance for Class D Shares that includes periods prior to 2/16/10 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 Allocation Fund - Conservative - D Shares Bloomberg Global Aggregate Bond Index Global Conservative Allocation Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/30/2005)
Global Allocation Fund - Conservative - D Shares 0.85 6.46 18.44 -1.06 3.21 3.32 5.03
Bloomberg Global Aggregate Bond Index 0.62 0.12 9.54 -4.07 -1.64 0.23 2.32
Global Conservative Allocation Index 1.40 6.27 18.41 -0.21 3.50 3.88 4.61
Performance for Class D Shares that includes periods prior to 2/16/10 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 Allocation Fund - Conservative - D Shares Bloomberg Global Aggregate Bond Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Global Allocation Fund - Conservative - D Shares 9.53 -16.91 4.04 14.14 12.08 -5.06 12.87 2.40 -2.23 4.14
Bloomberg Global Aggregate Bond Index 5.72 -16.25 -4.71 9.20 6.84 -1.20 7.39 2.09 -3.15 0.59
Performance for Class D Shares that includes periods prior to 2/16/10 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-Based Statistics (As of 10/31/2024 Class D Shares)

RISK / REWARD
VS. Global Conservative Allocation Index (40%ACWI/60%BBGAgg)		 3YR 5YR
Information Ratio -0.57 -0.17
Alpha -0.88 -0.24
Tracking Error 1.45 1.52
Beta 0.99 0.99
R-squared (%) 98.40 97.97
UP/DOWN MARKET CAPTURE (%)
Global Conservative Allocation Index (40%ACWI/60%BBGAgg)		 3YR 5YR
Up Capture Ratio 96.84 95.12
Down Capture Ratio 101.93 97.06
STANDARD DEVIATION 3YR 5YR
Global Allocation Fund - Conservative 11.50 10.67
Global Conservative Allocation Index (40%ACWI/60%BBGAgg) 11.54 10.72
SHARPE RATIO 3YR 5YR
Global Allocation Fund - Conservative -0.41 0.08
Global Conservative Allocation Index (40%ACWI/60%BBGAgg) -0.34 0.10
Annual Fees & Expenses (As of the most recent prospectus)
CLASS D SHARES
Management Fees 0.05%
Other Expenses 0.74%
Total Gross Expenses 0.79%
Waivers -0.06%
Total Net Expenses 0.73%
Net expense ratios reflect the expense waiver, if any, contractually agreed to for at least a one-year period commencing on June 20, 2024. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Portfolio

Index represents the Bloomberg Barclays Global Aggregate Bond Index.

Top Holdings (As of 10/31/2024)
% of Fund
Janus Henderson Developed World Bond Fund 20.43
Janus Henderson Flexible Bond Fund 14.84
Janus Henderson Overseas Fund 13.05
iShares Core International Aggregate Bond ETF 9.58
iShares J.P. Morgan USD Emerging Markets Bond ETF 8.21
Vanguard FTSE Emerging Markets ETF 7.76
Janus Henderson Growth And Income Fund 5.18
Janus Henderson Enterprise Fund 4.89
Janus Henderson Research Fund 4.16
Janus Henderson Adaptive Risk Managed U.S. Equity Fund 2.80
View full holdings

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