# Portfolio overlap — AINIX vs HFEAX

Comparing **Ariel International Fund** (2026-03-31) and **Janus Henderson European Focus Fund** (2026-03-31).

- Shared positions: 3
- Ariel International Fund covered by Janus Henderson European Focus Fund: 0.07844922060333146063019202490
- Janus Henderson European Focus Fund covered by Ariel International Fund: 0.07844922060333146063019202490

## Ariel International Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Daikin Industries Ltd. NPV | 0.049118 |  |
| BAWAG GRP. AG | 0.042504 |  |
| LOTTOMATICA GRP. SPA | 0.042147 |  |
| MURATA MFG. CO LTD | 0.040783 |  |
| Sumco Corp. NPV | 0.039074 |  |
| BANK OF IRELAND GRP. PLC | 0.038601 |  |
| ALGONQUIN POWER | 0.035992 |  |
| Orange SA EUR4 | 0.035078 | ✓ |
| Informa PLC ORD GBP0.001 | 0.033406 |  |
| Daifuku Company Ltd. | 0.032917 |  |
| CFD_EQS GOLDUS33 5705946 | 0.032164 | ✓ |
| Horiba Ltd. NPV | 0.031783 |  |
| Bandai Namco Holdings Inc. NPV | 0.031740 |  |
| TDK Corporation | 0.030882 |  |
| BRIDGESTONE CORP | 0.029940 |  |
| MARKS & SPENCER GRP. PLC | 0.029521 |  |
| CFD_EQS GOLDUS33 3091357 | 0.028961 |  |
| Engie SA EUR1 | 0.028582 |  |
| CFD_EQS GOLDUS33 3134865 | 0.027929 |  |
| Wacker Chemie AG NPV(BR) | 0.025754 |  |
| Publicis Groupe SA EUR0.40 | 0.024141 |  |
| Roche Holding AG CHF0.001 | 0.022386 | ✓ |
| KBC GRP. NV | 0.021887 |  |
| BAYER AG-REG | 0.018850 |  |
| Fortum Oyj EUR3.40 | 0.016994 |  |
| BANCA MONTE DEI PASCHI SIENA /EUR/ 0.00000000 | 0.016371 |  |
| Koninklijke Ahold Delhaize NV EUR0.01 | 0.015962 |  |
| MICHELIN(CIE GLE DES ETAB | 0.013463 |  |
| Salzgitter AG ORD NPV | 0.013399 |  |
| China Mengniu Dairy Co Ltd. HKD0.1 | 0.012915 |  |
| INFINEON TECHS. AG | 0.012438 |  |
| Syensqo SA NPV | 0.012296 |  |
| MediaTek Inc. TWD10 | 0.011940 |  |
| GSK plc ORD GBP0.3125 | 0.011576 |  |
| KB FINL. GRP. INC | 0.011406 |  |
| EUROBANK SA /EUR/ 0.00000000 | 0.009792 |  |
| Proximus S.A NPV | 0.009762 |  |
| Lojas Renner SA COM NPV | 0.008998 |  |
| HONGFA TECHNOLOGY CO LTD A     /CNH/ 0.00000000 | 0.008763 |  |
| Kuaishou Technology USD0.0000053 B CLASS | 0.008400 |  |
| MINTH GROUP LTD | 0.008394 |  |
| Italgas SpA NPV | 0.007893 |  |
| PT Bank Negara Indonesia Persero Tbk, Class B | 0.007476 |  |
| Wizz Air Holdings PLC ORD GBP0.0001 | 0.005048 |  |
| CURRENCY CONTRACT - AUD | 0.001950 |  |
| CURRENCY CONTRACT - JPY | 0.000232 |  |
| CURRENCY CONTRACT - USD | 0.000177 |  |
| CURRENCY CONTRACT - GBP | 0.000085 |  |
| CURRENCY CONTRACT - CHF | 0.000067 |  |
| CURRENCY CONTRACT - EUR | 0.000058 |  |

## Janus Henderson European Focus Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Janus Henderson Cash Liquidity Fund LLC | 0.098381 |  |
| ASML HOLDING NV | 0.056504 |  |
| NOVARTIS AG-REG | 0.043201 |  |
| CFD_EQS GOLDUS33 5705946 | 0.037238 | ✓ |
| Erste Group Bank AG NPV | 0.037237 |  |
| Total S.A. | 0.036210 |  |
| Iberdrola, S.A. EUR0.75 | 0.032942 |  |
| SIEMENS AG-REG /EUR/ 0.00000000 | 0.031289 |  |
| Roche Holding AG CHF0.001 | 0.030387 | ✓ |
| Shell PLC ORD EUR0.07 | 0.030247 |  |
| BBVA | 0.026980 |  |
| Orange SA EUR4 | 0.023899 | ✓ |
| SANDVIK AB /SEK/ 0.00000000 | 0.023300 |  |
| CFD_EQS GOLDUS33 B01FLQ6 | 0.022098 |  |
| Rolls-Royce Holdings PLC ORD GBP0.20 | 0.022041 |  |
| Argenx SE EUR0.10 | 0.020813 |  |
| Knorr-Bremse AG NPV | 0.020711 |  |
| CRH PLC | 0.020342 |  |
| Rheinmetall AG NPV | 0.020205 |  |
| WARTSILA OYJ ABP | 0.019665 |  |
| Siemens Energy AG NPV | 0.019421 |  |
| NOKIA OYJ /EUR/ 0.00000000 | 0.018457 |  |
| LEONARDO SPA NPV | 0.018422 |  |
| INVESTOR AB-B | 0.017461 |  |
| UniCredit S.p.A. NPV | 0.016521 |  |
| ASR Nederland N.V. EUR0.16 | 0.016502 |  |
| ABN AMRO Bank N.V. DR EACH REP SHS | 0.015948 |  |
| Thales SA EUR3 | 0.015220 |  |
| ASM INTL. NV | 0.015118 |  |
| BASF SE | 0.015065 |  |
| CFD_EQS GOLDUS33 B0DJ8Q5 | 0.014988 |  |
| Epiroc AB SER'A'NPV | 0.014967 |  |
| TECHNIP ENERGIES NV /EUR/ 0.00000000 | 0.014723 |  |
| UPM-KYMMENE OYJ /EUR/ 0.00000000 | 0.014663 |  |
| NatWest Group PLC ORD GBP1.0769 | 0.014194 |  |
| FINECOBANK SPA /EUR/ 0.00000000 | 0.014141 |  |
| CFD_EQS GOLDUS33 0045614 | 0.013943 |  |
| ANGLO AMER PLC | 0.013636 |  |
| NXP SEMICONDUCTO | 0.012538 |  |
| INDUSTRIA DE DISENO TEXTIL | 0.012291 |  |
| INTERCONTINENTAL | 0.011378 |  |
| SUNBELT RENTALS | 0.009006 |  |
| Huber + Suhner A.G. | 0.008514 |  |
| TUI AG /EUR/ 0.00000000 | 0.004703 |  |
| Vestas Wind Systems AS DKK0.20 | 0.004120 |  |
| Janus Henderson Cash Collateral Fund LLC | 0.000294 |  |
| US ULTRA BOND CBT Sep25 | 0.000073 |  |
| United Kingdom Pound Cash Balance | 0.000003 |  |


## Sources

- N-PORT (fund A) — accession `0002066578-26-001501` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/798365/000206657826001501/0002066578-26-001501-index.htm>
- N-PORT (fund B) — accession `0000277751-26-000140` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/277751/000027775126000140/0000277751-26-000140-index.htm>

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