Morningstar Fund Report | 07/04/2025

Janus Henderson Global Equity Income Fund A Acc

Performance History	31/03/2025

Growth of 1,000 (GBP)	Advanced Graph

	Fund	13.3	2.3	5.0	5.5	0.8
	+/-Cat	-4.9	3.1	-2.3	-4.9	0.0
	+/-B’mrk	-7.0	-4.5	0.2	-7.9	0.1


Category: Global Equity Income
Category Benchmark: Morningstar Gbl High Div Yl...

Key Stats
NAV 07/04/2025		GBX 460.40
Day Change		-4.34%
Morningstar Category™		Global Equity Income
IA (formerly IMA) Sector		Global Equity Income
ISIN		GB00B3VZC642
Fund Size (Mil) 28/02/2025		GBP 668.03
Share Class Size (Mil) 04/04/2025		GBP 25.77
Max Initial Charge		5.25%
Ongoing Charge 11/02/2025		1.68%

Investment Objective: Janus Henderson Global Equity Income Fund A Acc

The Fund aims to provide an income in excess 80% of the income generated by the MSCI ACWI High Dividend Yield Index over any 3 year period with the potential for capital growth over the long term (5 years or more). The Fund invests at least 80% of its assets in shares (also known as equities) of companies, of any size, in any industry, in any country.

Returns

Trailing Returns (GBP)	07/04/2025
YTD	-7.10
3 Years Annualised	2.15
5 Years Annualised	6.82
10 Years Annualised	5.30

12 Month Yield

3.08

Management

Manager Name Start Date
Andrew Jones 08/05/2012
Ben Lofthouse 08/05/2012
Inception Date 28/08/2009

Category Benchmark

Fund Benchmark	Morningstar Benchmark
MSCI ACWI High Dividend Yield GR USD	Morningstar Gbl High Div Yld NR USD

Portfolio Profile for Janus Henderson Global Equity Income Fund A Acc	28/02/2025

Morningstar Style Box®

Equity Style

Asset Allocation

	% Long	% Short	% Net Assets
Stock	99.34	0.00	99.34
Bond	0.00	0.00	0.00
Property	0.00	0.00	0.00
Cash	1.61	0.95	0.66
Other	0.00	0.00	0.00

Top 5 Regions	%
United States	33.86
Eurozone	21.98
United Kingdom	18.80
Europe - ex Euro	8.95
Asia - Developed	8.78

Top 5 Sectors		%
	Technology	19.88
	Financial Services	19.34
	Industrials	14.34
	Consumer Defensive	13.16
	Healthcare	8.85

Top 5 Holdings	Sector	%
Microsoft Corp	Technology	4.21
Taiwan Semiconductor Manufacturi...	Technology	3.43
RELX PLC	Industrials	3.22
Coca-Cola Co	Consumer Defensive	3.03
Compagnie Financiere Richemont S...	Consumer Cyclical	2.70

Increase Decrease New since last portfolio
Janus Henderson Global Equity Income Fund A Acc

Growth Of 1000 (GBP)

31/03/2025

	Fund: Janus Henderson Global Equity Income Fund A Acc
	Category: Global Equity Income
	Category Index: Morningstar Gbl High Div Yld NR USD

Annual Returns (GBP)						31/03/2025
	2018	2019	2020	2021	2022	2023	2024	31/03
Price Return	-8.08	15.77	0.31	13.35	2.33	4.98	5.49	0.79
+/- Category	-2.17	-1.14	-1.58	-4.91	3.10	-2.29	-4.90	0.00
+/- Category Index	-	-	-	-7.00	-4.48	0.23	-7.88	0.05
% Rank in Category	76	65	59	89	34	69	79	49

Trailing Returns (GBP)			07/04/2025
	Total Returns	+/- Category	+/- Category Index
1 Day	-4.34	-1.77	-0.76
1 Week	-7.83	-3.04	-0.69
1 Month	-10.18	-3.65	-1.97
3 Months	-8.14	-4.46	-0.43
6 Months	-9.41	-7.30	-4.19
YTD	-7.10	-4.19	-0.48
1 Year	-5.94	-7.95	-5.80
3 Years Annualised	2.15	-2.76	-2.34
5 Years Annualised	6.82	-4.69	-5.60
10 Years Annualised	5.30	-2.44	-2.53

Category: Global Equity Income
Category Index: Morningstar Gbl High Div Yld NR USD

Quarterly Returns (GBP)				31/03/2025
	Quarter 1	Quarter 2	Quarter 3	Quarter 4
2025	0.79	-	-	-
2024	5.02	2.68	-0.95	-1.24
2023	1.36	0.55	-1.21	4.26
2022	-0.69	-3.25	-0.26	6.78
2021	3.84	3.22	0.56	5.17
2020	-16.82	12.44	-0.50	7.80

Morningstar Rating™(Relative to Category)

31/03/2025

	Morningstar Return	Morningstar Risk	Morningstar Rating™
3-Year	Average	Below Average
5-Year	Below Average	Below Average
10-Year	Below Average	Average
Overall	Below Average	Average

Click here to see our Methodology

Volatility Measurements

31/03/2025


3-Yr Std Dev	7.29 %
3-Yr Mean Return	5.05 %


3-Yr Sharpe Ratio	0.13

Modern Portfolio Statistics	31/03/2025	31/03/2025
	Standard Index	Best Fit Index
	Morningstar Gbl High Div Yld NR USD	Morningstar EU Agg Tgt Alloc NR EUR
3-Yr Beta	0.81	0.78
3-Yr Alpha	-2.17	-1.59

Investment Style Details

28/02/2025

Morningstar Style Box®

Equity Style

Size		Rel to Cat
Average Mkt Cap (Mil)	GBP 105216	-


Market Capitalisation	% of Equity
Giant	50.35
Large	42.40
Medium	7.25
Small	0.00
Micro	0.00

Valuations and Growth Rates	Equity Portfolio	Relative to Category
Price/Prospective Earnings	15.49	0.98
Price/Book	2.37	0.92
Price/Sales	2.14	1.15
Price/Cash Flow	10.61	0.95
Dividend-Yield Factor	3.21	0.96

Long-Term Projected Earnings Growth	7.78	0.87
Historical Earnings Growth	5.99	1.52
Sales Growth	2.60	0.81
Cash-Flow Growth	1.90	1.75
Book-Value Growth	5.86	1.31

Asset Allocation

28/02/2025

	% Long	% Short	% Net Assets
Stock	99.34	0.00	99.34
Bond	0.00	0.00	0.00
Property	0.00	0.00	0.00
Cash	1.61	0.95	0.66
Other	0.00	0.00	0.00

World Regions

28/02/2025

	% of Equity	Relative to Category
United States	33.86	0.68
Canada	1.55	0.55
Latin America	0.00	0.00
United Kingdom	18.80	2.03
Eurozone	21.98	1.23
Europe - ex Euro	8.95	1.18
Europe - Emerging	0.00	0.00
Africa	0.00	0.00
Middle East	0.00	0.00
Japan	6.07	1.45
Australasia	0.00	0.00
Asia - Developed	8.78	1.69
Asia - Emerging	0.00	0.00

Sector Weightings

28/02/2025

	% of Equity	Relative to Category
Basic Materials	4.63	1.25
Consumer Cyclical	5.24	0.67
Financial Services	19.34	0.95
Consumer Defensive	13.16	1.17
Healthcare	8.85	0.70
Utilities	3.37	0.85
Communication Services	7.17	1.25
Energy	4.01	0.99
Industrials	14.34	1.15
Technology	19.88	1.21

Top 10 Holdings

28/02/2025

	Portfolio NEW
Total Number of Equity Holdings	55
Total Number of Bond Holdings	0
Assets in Top 10 Holdings	29.22

Name	Sector	Country	% of Assets
Microsoft Corp		United States	4.21
Taiwan Semiconductor Manufacturing Co...		Taiwan	3.43
RELX PLC		United Kingdom	3.22
Coca-Cola Co		United States	3.03
Compagnie Financiere Richemont SA Cla...		Switzerland	2.70
Sony Group Corp		Japan	2.68
Swiss Re AG		Switzerland	2.57
The Home Depot Inc		United States	2.51
Procter & Gamble Co		United States	2.47
Bank of America Corp		United States	2.40

Increase Decrease New since last portfolio
Category: Global Equity Income

Management

Name of Company	Janus Henderson Investors
Phone	8002270486
Website	www.janushenderson.com
Address	201 Bishopsgate
	London EC2M 3AE
	United Kingdom

Domicile	United Kingdom
Legal Structure	Open Ended Investment Company
UCITS	Yes
Inception Date	28/08/2009

Fund Advisor(s)
Janus Henderson Investors UK Limited

Fund Manager	Andrew Jones
Manager Start Date	08/05/2012
Career Start Year	1995

Education

Cambridge University, B.A.



Biography
Andrew Jones is a Portfolio Manager on the Global Equity Income Team at Janus Henderson Investors. Prior to joining Henderson in 2005 as a portfolio manager on the UK Equities Team, Andrew worked as a fund manager at Invesco Perpetual, where he started his career in 1995. Andrew graduated with a BA degree (Hons) in economics from Queens’ College, Cambridge University. He holds the Securities Institute Diploma and has 29 years of financial industry experience.

Fund Manager	Ben Lofthouse
Manager Start Date	08/05/2012
Career Start Year	1998

Education

Exeter University, B.A.



Biography
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 and has managed several 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 26 years of financial industry experience.

Fees and Expenses

Sales Charges (Maximum)
Max Initial Charge	5.25%
Max Exit Charge*	3.00%

Annual Charges
Max Annual Management Charge	1.50%
Ongoing Charge	1.68%

Purchase Details

Minimum Investments
Initial	1000 GBP
Additional	100 GBP
Savings	100 GBP

Tax Free Savings Schemes
ISAs	Yes