| Morningstar Fund Report | 03/04/2025 |  |
Janus Henderson European Focus Fund I Acc |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 15.5 | -4.7 | 20.4 | 3.2 | 6.7 |
| +/-Cat | 0.1 | 4.0 | 6.8 | 2.2 | 1.4 |
| +/-B’mrk | -1.7 | 2.8 | 5.4 | 1.2 | -1.0 |
| Category: Europe ex-UK Equity | ||||||
| Category Benchmark: Morningstar DM Eur xUK TME ... | ||||||
| Key Stats | ||
| NAV 02/04/2025 | GBX 401.70 | |
| Day Change | -0.84% | |
| Morningstar Category™ | Europe ex-UK Equity | |
| IA (formerly IMA) Sector | Europe Excluding UK | |
| ISIN | GB00B54J0L85 | |
| Fund Size (Mil) 28/02/2025 | GBP 253.62 | |
| Share Class Size (Mil) 02/04/2025 | GBP 208.00 | |
| Max Initial Charge | - | |
| Ongoing Charge 11/02/2025 | 0.89% | |
| Morningstar Research |
| Analyst Report | 26/03/2025 Michael Born, Analyst Morningstar, Inc |
We continue to have conviction in Janus Henderson European Focus’ manager and his consistent application of his approach over multiple market cycles. The I share class retains its Morningstar Analyst Rating of Silver. Other share classes are... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 24 |
| Parent | 23 |
| Process | 24 |
| Performance | |
| Price | |
| Investment Objective: Janus Henderson European Focus Fund I Acc |
| The Fund aims to provide a return, from a combination of capital growth and income over the long term (5 years or more). The Fund invests at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, in any industry, in Europe (excluding UK). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. The portfolio may be concentrated in terms of its number of holdings and/or the size of its largest holdings. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
Marc Schartz 01/02/2024 | ||
Robert Schramm-Fuchs 01/02/2024 | ||
Inception Date 01/08/2012 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| FTSE World Eur Ex UK TR GBP | Morningstar DM Eur xUK TME NR EUR |
| Portfolio Profile for Janus Henderson European Focus Fund I Acc | 28/02/2025 |
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| Top 5 Holdings | Sector | % |
 UniCredit SpA |  Financial Services | 4.80 |
 Novartis AG Registered Shares |  Healthcare | 4.70 |
| Allianz SE | Financial Services | 4.42 |
| Deutsche Telekom AG |  Communication Services | 4.29 |
| RELX PLC |  Industrials | 3.49 |
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Increase Decrease  New since last portfolio | ||
| Janus Henderson European Focus Fund I Acc | ||
| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -9.79 | 24.02 | 11.18 | 15.52 | -4.70 | 20.36 | 3.19 | 6.69 |
| +/- Category | 1.97 | 4.76 | 1.81 | 0.11 | 4.04 | 6.83 | 2.18 | 1.40 |
| +/- Category Index | - | - | 3.28 | -1.70 | 2.77 | 5.37 | 1.18 | -1.04 |
| % Rank in Category | 27 | 17 | 26 | 58 | 22 | 3 | 22 | 41 |
| Trailing Returns (GBP) | 02/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -0.84 | -1.94 | -0.39 |
| 1 Week | -3.55 | -0.19 | -1.37 |
| 1 Month | -1.50 | 0.68 | 0.63 |
| 3 Months | 7.23 | 1.05 | -0.15 |
| 6 Months | 4.50 | 2.76 | 0.24 |
| YTD | 7.06 | 0.88 | -1.42 |
| 1 Year | 0.32 | -0.82 | -3.84 |
| 3 Years Annualised | 10.57 | 3.86 | 2.38 |
| 5 Years Annualised | 15.30 | 2.75 | 2.11 |
| 10 Years Annualised | 8.76 | 1.39 | 1.31 |
| Category: Europe ex-UK Equity | |||
| Category Index: Morningstar DM Eur xUK TME NR EUR | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | 6.69 | - | - | - |
| 2024 | 9.76 | -0.98 | -2.10 | -3.02 |
| 2023 | 6.62 | 0.84 | 1.42 | 10.38 |
| 2022 | -5.84 | -8.51 | -2.49 | 13.44 |
| 2021 | 4.19 | 7.17 | 0.55 | 2.89 |
| 2020 | -18.11 | 20.83 | 4.14 | 7.90 |
| Morningstar Rating™(Relative to Category) | 28/02/2025 | ||||||||||||||||||||
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| Category : Europe ex-UK Equity | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar DM Eur xUK TME NR EUR | MSCI Europe ex UK Small Cap NR EUR | |
| 3-Yr Beta | 0.96 | 0.79 |
| 3-Yr Alpha | 2.43 | 9.36 |
| Investment Style Details | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||
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| Category: Europe ex-UK Equity | |||||||||||||||||||||||||||||||||||||||||
| Asset Allocation | 28/02/2025 |
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| World Regions | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||
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| Category: Europe ex-UK Equity | |||||||||||||||||||||||||||||||||||||||||||
| Sector Weightings | 28/02/2025 | |||||||||||||||||||||||||||
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| Category: Europe ex-UK Equity | ||||||||||||||||||||||||||||
Basic Materials
Technology| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 43 |
| Total Number of Bond Holdings | 0 |
| Assets in Top 10 Holdings | 37.45 |
| Name | Sector | Country | % of Assets | ||
| UniCredit SpA | | Italy | 4.80 | ||
| Novartis AG Registered Shares | | Switzerland | 4.70 | ||
| Allianz SE | | Germany | 4.42 | ||
| Deutsche Telekom AG | | Germany | 4.29 | ||
| RELX PLC | | United Kingdom | 3.49 | ||
| Erste Group Bank AG. | | Austria | 3.46 | ||
| Nestle SA |  | Switzerland | 3.24 | ||
| Lvmh Moet Hennessy Louis Vuitton SE |  | France | 3.20 | ||
| Compagnie de Saint-Gobain SA | | France | 2.99 | ||
| AXA SA | | France | 2.86 | ||
| Increase Decrease New since last portfolio | |||||
| Category: Europe ex-UK Equity | |||||
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| Biography | |
| Marc Schartz is a Portfolio Manager on the European Equities Team at Janus Henderson Investors, a position he has held since 2017. Marc joined Henderson in 2016 as an analyst. Prior to Henderson, he was with GO Investment Partners, where he was involved in the active management of a concentrated portfolio in the European small- and mid-cap space. Before that, he was on the investment team of Fortis Private Bank Luxembourg. Marc received an MSc in banking and international finance from City, University of London, Bayes Business School . He holds the Chartered Financial Analyst designation and has 20 years of financial industry experience. |
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| Fund Manager | Robert Schramm-Fuchs |
| Manager Start Date | 01/02/2024 |
| Career Start Year | 2005 |
| Education |
| Friedrich-Schiller University of Jena, Diploma |
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| Biography | |
| Robert Schramm-Fuchs is a Portfolio Manager on the European Equities Team at Janus Henderson Investors. He leads the investment team focused on European large cap equities. Robert joined Henderson in 2014 as a European equity analyst. Prior to Henderson, he was with Macquarie's global alternative energy and utilities research team from 2010. Before this, he was head of the renewables research team at Commerzbank based in Frankfurt. He also worked with BHF Bank and Independent Research covering the solar sector for nine years. Robert received a diploma in international management from Friedrich-Schiller University of Jena. He has 19 years of financial industry experience. |
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