Please ensure Javascript is enabled for purposes of website accessibility Global Equity Income Fund - Janus Henderson Investors
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For Individual Investors in the US

HFQDX Global Equity Income Fund

A high-conviction strategy that targets high, dependable income from high-yielding, high-quality global equities

Buy/Trade

NAV
$6.16
As of 11/20/2024

1-Day Change
-$0.02 (-0.32%)
 As of 11/20/2024

YTD Return
8.07%
As of 11/20/2024

Morningstar Rating

As of 10/31/2024

Overview

ABOUT THIS FUND

A long-only portfolio that seeks a high level of current income and steady capital appreciation. The Fund seeks global, high-quality, income-producing equities with a focus on international companies.

WHY INVEST IN THIS FUND

Income, Regardless of Environment

With our global approach, we seek to take advantage of various market environments to find the best income-producing equities. We tend to focus on international equities where the income-generating potential may be greater.

Regional Rotation Strategy

We use a specialized rotation strategy intended to capitalize on the global seasonality of dividends.

Differentiated Income Option

The Fund may be an attractive alternative to preferred stock and fixed income. The Fund holds 100% equities with no leverage and a quarterly dividend distribution schedule.

Portfolio Management

Ben Lofthouse, CFA
Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

Alex Crooke, ASIP
Alex Crooke, ASIP

Portfolio Manager

Industry since 1990. Joined Firm in 1994.

Job Curtis
Job Curtis

Portfolio Manager

Industry since 1983. Joined Firm in 1987.

Performance

RETURNS (%) (As of 09/30/2024)
Global Equity Income Fund - Class D Shares MSCI World IndexSM 85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(11/30/2006)
Global Equity Income Fund - Class D Shares 6.05 11.93 21.48 7.65 7.66 5.27 4.75
MSCI World IndexSM 6.36 18.86 32.43 9.08 13.04 10.07 7.45
85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index 9.58 14.54 24.84 9.68 8.10 5.41 4.83
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 D Shares that includes periods prior to 6/5/17 reflects the performance of a share class of 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 Equity Income Fund - Class D Shares MSCI World IndexSM 85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(11/30/2006)
Global Equity Income Fund - Class D Shares 0.59 8.77 20.16 5.35 6.44 4.89 4.56
MSCI World IndexSM 2.45 16.50 33.68 6.38 12.02 9.78 7.29
85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index 1.72 9.61 24.06 7.39 6.41 5.02 4.55
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 D Shares that includes periods prior to 6/5/17 reflects the performance of a share class of 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 Equity Income Fund - Class D Shares MSCI World IndexSM
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Global Equity Income Fund - Class D Shares 10.43 -6.30 12.95 1.59 21.07 -15.71 19.27 4.79 -0.47 -1.86
MSCI World IndexSM 23.79 -18.14 21.82 15.90 27.67 -8.71 22.40 7.51 -0.87 4.94
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 D Shares that includes periods prior to 6/5/17 reflects the performance of a share class of 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. 85% MSCI ACWI xUS HDY/15% MSCI USA HDY		 3YR 5YR
Information Ratio -0.42 0.03
Alpha -1.64 0.38
Tracking Error 4.43 4.12
Beta 0.93 0.92
R-squared (%) 91.36 94.03
UP/DOWN MARKET CAPTURE (%)
85% MSCI ACWI xUS HDY/15% MSCI USA HDY		 3YR 5YR
Up Capture Ratio 90.74 95.90
Down Capture Ratio 99.91 96.10
STANDARD DEVIATION 3YR 5YR
Global Equity Income Fund 14.88 16.09
85% MSCI ACWI xUS HDY/15% MSCI USA HDY 15.24 16.98
SHARPE RATIO 3YR 5YR
Global Equity Income Fund 0.10 0.25
85% MSCI ACWI xUS HDY/15% MSCI USA HDY 0.23 0.23
Annual Fees & Expenses (As of the most recent prospectus)
CLASS D SHARES
Management Fees 0.65%
Other Expenses 0.26%
Total Gross Expenses 0.91%
Waivers 0.00%
Total Net Expenses 0.91%
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

Top Holdings (As of 10/31/2024)
% of Fund
Unilever PLC 3.04
HSBC Holdings PLC 2.90
Williams Cos Inc 2.73
Verizon Communications Inc 2.67
Pernod Ricard SA 2.62
CME Group Inc 2.61
Rio Tinto PLC 2.60
British American Tobacco PLC 2.57
BP PLC 2.43
National Grid PLC 2.38
TOTAL 26.55
View full holdings
Portfolio Characteristics (As of 10/31/2024)
 
Number of Holdings
Equity Issues		 71
Market Capitalization
Weighted Average		 $129.48B
Portfolio Turnover Rate
(1-year trailing)		 148.81%
Price/Earnings Ratio
(1-year forward)		 10.93
Price/Book Ratio
 1.74
Earnings Growth Rate
(1-year forward)		 9.36%
Sector Allocation % of Fund % of Fund As of 10/31/2024
Regional Allocation % of Fund % of Fund As of October 31, 2024
Market Capitalization Range of Equity Holdings % of Fund % of Fund As of 10/31/2024

Documents

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