JANRX
Janus Henderson Global Select Fund
JANUS INVESTMENT FUND
Expense ratio1
0.82%
Net assets2
$3.04B
Holdings2
52
Category
US Equity
2025 return3
19.50%

Investment objective & strategy

As of Jan. 28, 2026 · prospectus

Objective. Janus Henderson Global Select Fund seeks long-term growth of capital.

Strategy. The Fund pursues its investment objective by normally investing in a portfolio of 40-65 domestic and foreign common stocks and normally investing at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States. A security is deemed to be economically tied to a country or countries outside of the United States if one or more of the following tests are met: (i) the company is organized in, or its primary business office or principal trading market of its equity is located in, a country outside of the United States; (ii) a majority of the companys revenues are derived from outside of the United States; … The Fund pursues its investment objective by normally investing in a portfolio of 40-65 domestic and foreign common stocks and normally investing at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States. A security is deemed to be economically tied to a country or countries outside of the United States if one or more of the following tests are met: (i) the company is organized in, or its primary business office or principal trading market of its equity is located in, a country outside of the United States; (ii) a majority of the companys revenues are derived from outside of the United States; or (iii) a majority of the companys assets are located outside of the United States. The Fund may invest in companies of any size throughout the world, from larger, well-established companies to smaller, emerging growth companies. The Fund may invest in emerging markets but will normally limit such investments to 30% of its net assets, measured at the time of purchase. As of September 30, 2025, the Fund held stocks of 50 companies. Of these holdings, 25 comprised approximately 71.07% of the Funds holdings. Portfolio management applies a bottom-up approach in choosing investments that focuses on fundamental research and considers, among other factors, a companys growth potential. In other words, portfolio management looks at companies one at a time to determine if a company is an attractive investment opportunity and if it is consistent with the Funds investment policies. Factors that portfolio management may consider in its fundamental analysis include a companys growth potential. Portfolio management will generally consider selling a security when, among other things, the security no longer reflects portfolio managements investment thesis, the security approaches or exceeds its targeted value, there has been a change in a securitys risk/reward potential, or a better idea is identified. The Fund may also take long or short positions in derivatives, which are instruments that have a value derived from, or directly linked to, an underlying asset, such as equity securities, commodities, currencies, interest rates, or market indices. The types of derivatives in which the Fund may invest include options, futures, swaps, warrants, and forward foreign currency contracts. The Fund may use derivatives to hedge, to earn income or enhance returns, as a substitute for securities in which the Fund invests, to increase or decrease the Funds exposure to a particular market, to adjust the Funds currency exposure relative to its benchmark index, to gain access to foreign markets where direct investment may be restricted or unavailable, or to manage the Funds risk profile. As part of its investment process, portfolio management considers environmental, social, and governance (ESG) risks and opportunities (ESG Factors) that it believes are financially material, alongside other fundamental investment factors. Examples of potential financially material ESG Factors include: corporate governance, company culture, exposure to climate change, and human capital management. To assess ESG Factors, portfolio management uses issuer reports, third-party data, and internally-generated analyses and may engage directly with issuers. ESG Factors are one of many considerations in the investment decision-making process, may not be determinative in deciding to include or exclude an investment from the portfolio, and may not be considered for every investment decision. The Fund may seek to earn additional income through lending its securities to certain qualified broker-dealers and institutions, in an amount equal to up to one-third of its total assets as determined at the time of the loan origination.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
TSMC TSMWF $202.81M 6.67%
NVIDIA CORP $194.22M 6.39%
ALPHABET INC CL A $138.97M 4.57%
AMAZON.COM INC $131.39M 4.32%
BAE Systems PLC ORD GBP0.025 BA/ LN $125.48M 4.13%
CONOCOPHILLIPS $117.08M 3.85%
MICROSOFT CORP $105.58M 3.47%
FERGUSON ENTERPRISES INC $96.40M 3.17%
ASML HOLDING NV $94.98M 3.12%
Erste Group Bank AG NPV EBKOF $84.73M 2.79%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
7
Exited
14
Increased
14
Decreased
15
Unchanged
16

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Janus Henderson Overseas Fund · JAOSX, JDIAX, JIGCX, JIGFX, JDIRX, JIGRX, JNOSX, JDINX 40% 0.69%
Janus Henderson Overseas Portfolio · JAIGX 40% 0.88%
Janus Henderson Global Research Portfolio · JAWGX 39% 0.72%
View all similar funds →

Footnotes

  1. Expense ratio as of January 28, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.

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