Morningstar Fund Report  | 23/04/2025Print

Janus Henderson Horizon Global Technology Leaders Fund I2 USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Janus Henderson Horizon Global Technology Leaders Fund I2 USD
Fund20.0-26.543.436.3-14.4
+/-Cat5.01.711.915.0-3.5
+/-B’mrk-12.3-2.4-2.13.8-0.8
 
Category: Sector Equity Technology
Category Benchmark: Morningstar Gbl Tech TME NR...
Key Stats
NAV
22/04/2025		 USD 219.07
Day Change -1.46%
Morningstar Category™ Sector Equity Technology
ISIN LU0196035553
Fund Size (Mil)
31/03/2025		 USD 4835.73
Share Class Size (Mil)
22/04/2025		 USD 354.42
Max Initial Charge -
Ongoing Charge
06/03/2025		  1.00%
Morningstar Research
Analyst Report30/10/2024
Harsh Jain, Analyst
Morningstar, Inc

Janus Henderson Horizon Global Technology is a reasonable option for technology exposure, but given the structure of the approach, all share classes retain a Morningstar Analyst Rating of Neutral. Since the departure of long-standing lead...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent23
Process23
Performance
Price
Investment Objective: Janus Henderson Horizon Global Technology Leaders Fund I2 USD
The Fund aims to provide capital growth over the long term.
Returns
Trailing Returns (GBP)22/04/2025
YTD-21.11
3 Years Annualised10.71
5 Years Annualised13.34
10 Years Annualised16.18
12 Month Yield 0.00
Management
Manager Name
Start Date
Graeme Clark
01/08/2017
Richard Clode
01/08/2017
Click here to see others
Inception Date
01/07/2004

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI IT+COMM SVC NR USDMorningstar Gbl Tech TME NR USD
Portfolio Profile for  Janus Henderson Horizon Global Technology Leaders Fund I2 USD31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.470.0097.47
Bond0.000.000.00
Property0.000.000.00
Cash2.780.252.53
Other0.000.000.00
Top 5 Regions%
United States80.91
Asia - Emerging6.02
Asia - Developed4.55
Eurozone3.54
Latin America2.00
Top 5 Sectors%
Technology63.68
Communication Services20.66
Consumer Cyclical7.98
Financial Services4.43
Industrials2.26
Top 5 HoldingsSector%
NVIDIA CorpTechnologyTechnology8.99
Microsoft CorpTechnologyTechnology6.81
Meta Platforms Inc Class ACommunication ServicesCommunication Services5.69
Amazon.com IncConsumer CyclicalConsumer Cyclical4.45
Apple IncTechnologyTechnology4.35
Increase Decrease New since last portfolio
Janus Henderson Horizon Global Technology Leaders Fund I2 USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  Janus Henderson Horizon Global Technology Leaders Fund I2 USD
Category:  Sector Equity Technology
Category Index:  Morningstar Gbl Tech TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-0.2935.3537.8119.97-26.4643.3836.29-14.37
+/- Category3.075.24-5.895.011.7211.9415.00-3.46
+/- Category Index----12.28-2.43-2.073.85-0.79
% Rank in Category4227583944271366
Trailing Returns (GBP)22/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.46   -0.29-3.40
1 Week-5.21   -1.07-0.07
1 Month-13.03   0.970.17
3 Months-26.06   -2.54-0.61
6 Months-15.95   -0.552.49
YTD-21.11   -1.500.62
1 Year-5.77   -0.90-2.62
3 Years Annualised10.71   7.09-0.12
5 Years Annualised13.34   3.00-3.05
10 Years Annualised16.18   2.98-1.39
 
Category: Sector Equity Technology
Category Index: Morningstar Gbl Tech TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-14.37---
202418.7910.18-7.9813.16
202317.818.141.9110.44
2022-8.85-17.181.53-4.05
20212.779.720.495.87
2020-6.8025.177.589.81
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAverage4 star
5-YearAbove AverageBelow Average4 star
10-YearAbove AverageBelow Average4 star
OverallAbove AverageBelow Average4 star
 
Category :  Sector Equity TechnologyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev20.06 %
3-Yr Mean Return12.70 %
 
3-Yr Sharpe Ratio0.40
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Tech TME NR USD  Morningstar Gbl Tech TME NR USD
3-Yr Beta0.890.89
3-Yr Alpha-0.05-0.05
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 374565-
Market Capitalisation% of Equity
Giant64.50
Large22.80
Medium8.86
Small3.23
Micro0.60
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings24.671.14
Price/Book6.271.38
Price/Sales5.251.53
Price/Cash Flow16.021.16
Dividend-Yield Factor0.630.61
 
Long-Term Projected Earnings Growth13.891.09
Historical Earnings Growth20.411.90
Sales Growth10.991.56
Cash-Flow Growth29.452.21
Book-Value Growth12.231.55
 
Category: Sector Equity Technology
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.470.0097.47
Bond0.000.000.00
Property0.000.000.00
Cash2.780.252.53
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States80.911.21
Canada1.261.11
Latin America2.002.89
United Kingdom1.722.10
Eurozone3.540.59
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed4.550.38
Asia - Emerging6.020.78
 
Category: Sector Equity Technology
Sector Weightings31/03/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical7.981.08
Financial ServicesFinancial Services4.431.52
HealthcareHealthcare0.990.43
Communication ServicesCommunication Services20.661.74
IndustrialsIndustrials2.260.60
TechnologyTechnology63.680.90
 
Category: Sector Equity Technology
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings56
Total Number of Bond Holdings0
Assets in Top 10 Holdings46.59
NameSectorCountry% of Assets
NVIDIA Corp311United States8.99
Microsoft Corp311United States6.81
Meta Platforms Inc Class A308United States5.69
Amazon.com Inc102United States4.45
Apple Inc311United States4.35
Alphabet Inc Class A308United States3.96
Broadcom Inc311United States3.39
Tencent Holdings Ltd308China3.22
Netflix Inc308United States2.89
Taiwan Semiconductor Manufacturing Co... 311Taiwan2.83
 
Increase Decrease New since last portfolio
Category: Sector Equity Technology
 
Management
Name of CompanyJanus Henderson Investors
Phone8002270486
Websitewww.janushenderson.com
Address201 Bishopsgate
 London   EC2M 3AE
 United Kingdom
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date01/07/2004
Fund Advisor(s)
Janus Henderson Investors UK Limited
Fund ManagerGraeme Clark
Manager Start Date01/08/2017
Career Start Year1994
Education
University of Edinburgh, B.A./B.S.
 
Biography
Graeme Clark is a Portfolio Manager on the Global Technology Leaders Team at Janus Henderson Investors, a position he has held since joining the firm in 2013. Graeme began his career at Ernst & Young in 1994 as a senior auditor. He later held the position of senior analyst covering European software and IT services on the sell-side for ING, Piper Jaffray, and Jefferies. Graeme received a degree in accountancy and business from the University of Edinburgh, graduating with honours. He holds a CFA UK Level 4 Certificate in Investment Management and is a member of the Institute of Chartered Accountants in Scotland. He has 30 years of financial industry experience.
Fund ManagerRichard Clode
Manager Start Date01/08/2017
Career Start Year2003
Education
2003, University of Oxford, B.A.
 
Biography
Richard Clode is a Portfolio Manager on the Global Technology Leaders Team at Janus Henderson Investors, a position he has held since joining Henderson in 2014. Prior to Henderson, Richard held positions with Gartmore, Moore Capital, and Pioneer Investments as a technology analyst in emerging markets. He began his career in 2003 in the technology sector at Herald Investment Management, where he was a portfolio manager. Richard received a first class honours degree in modern history from the University of Oxford. He holds the Chartered Financial Analyst designation and has 21 years of financial industry experience.
Fund ManagerAlison Porter
Manager Start Date01/08/2017
Career Start Year1995
Education
1994, University of Strathclyde, B.A.
1998, University of Stirling, M.S.
 
Biography
Alison Porter is a Portfolio Manager on the Global Technology Leaders Team at Janus Henderson Investors, a position she has held since joining Henderson in 2014.Prior to Henderson, she was at Ignis Asset Management (formerly Resolution and Britannic Asset Management) as an investment analyst, portfolio manager, and head of US equities. Alison has a BA degree (Hons) in economics and industrial relations from the University of Strathclyde and a master’s degree in investment analysis from the University of Stirling. She has 29 years of financial industry experience.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.00%
Purchase Details
Minimum Investments
Initial600000  GBP
Additional60000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes