2Q14 Perkins International Value Fund DEFENSIVE INTERNATIONAL VALUE Fund Overview

Transcription

2Q14 Perkins International Value Fund DEFENSIVE INTERNATIONAL VALUE Fund Overview
2Q14
Perkins International Value Fund
DEFENSIVE INTERNATIONAL VALUE
Class D Shares as of 6/30/14
D: JIFDX
Fund Overview
Diversified International Value
Defensive Approach
Results with Less Volatility
Seeks high-quality stocks of companies
with strong balance sheets and stable
earnings trading at attractive valuations.
Flexibility to invest in all non-U.S. markets
and across the market-cap spectrum.
Disciplined valuation process measures
downside risk before upside potential and
only invests in companies with favorable
reward/risk ratios. This approach is
consistent across the firm since its founding
more than 30 years ago.
Focused on mitigating losses in down
market conditions while participating in up
markets. This potentially allows us to
compound strong returns over time with
less volatility.
Fund Performance
Performance (%)
Average Annual Total Returns
Since Inception
5 yr
10 yr
(4/1/13)
2Q2014
YTD
1 yr
3 yr
Class D Shares
5.23
6.81
20.70
—
—
—
17.88
MSCI EAFE® Index
4.09
4.78
23.57
—
—
—
17.99
5.03
5.56
21.75
—
—
—
14.56
SM
MSCI All Country World ex-U.S. Index
Estimated Annual Expense Ratio: Gross 4.75% / Net 1.24%†
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and
principal value will vary; there may be a gain or loss when shares are sold. For the most recent month-end performance call 800.525.3713 or visit
janus.com/allfunds.
†
Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/15.
Returns include reinvestment of dividends and capital gains.
2Q14
Class D Shares as of 6/30/14
Perkins International Value Fund
JANUS.COM
Portfolio
Managers
Fund Details
Morningstar Style Box™
Countries
MARKET CAPITALIZATION
X
SMALL
MID
LARGE
INVESTMENT STYLE
VALUE
Category
Foreign Large Value
BLEND GROWTH
Top Holdings
(% of Fund)
America Movil S.A.B. de C.V.
GlaxoSmithKline PLC
Tesco PLC
Danone S.A.
BP PLC
Royal Dutch Shell PLC
Novartis A.G.
G4S PLC
Rogers Communications, Inc.
Imperial Tobacco Group PLC
Total
Holdings are subject to change without notice.
3.00
2.81
2.73
2.73
2.71
2.68
2.55
2.38
2.32
2.29
26.20
Developed vs. Emerging Market
Exposure
(% of Fund)
Non-U.S. Developed
Non-U.S. Emerging
U.S.
Cash & Equivalents
77.22
6.27
0.29
16.22
(% of Fund)
United Kingdom
Japan
Switzerland
France
Canada
Mexico
Germany
Norway
Sweden
Ireland
Total
Country and/or regional weights based on MSCI classifications.
24.16
11.53
9.15
8.22
7.85
4.64
3.57
3.39
2.16
1.76
76.43
Gregory Kolb, CFA
Tadd Chessen, CFA
Chris Kirtley, CFA
Subadvisor
Perkins
Fund Assets
$12.8 M
Distribution Frequency
Annually
Number of Holdings
73
Turnover (1-yr trailing)
35%
Weighted Average
Market Cap
$59.6 B
Sector Allocation
(% of Fund)
Consumer Staples
19.48
Industrials
17.58
Energy
9.83
Health Care
9.76
Telecommunication Services
9.28
Consumer Discretionary
5.67
Financials
4.16
Materials
4.15
Information Technology
2.39
Utilities
1.48
Cash & Equivalents
16.22
Holding a meaningful portion of assets in cash or cash equivalents may negatively
affect performance.
Learn more at janus.com/internationalvalue
Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary
prospectus containing this and other information, please call Janus at 800.525.3713 or download the file from janus.com/reports. Read it carefully
before you invest or send money.
Until three years from inception, Janus Capital may recover expenses previously waived or reimbursed if the expense ratio falls below certain limits.
A Fund’s performance may be affected by risks that include those associated with nondiversification, non-investment grade debt securities, high-yield/high-risk securities, undervalued or overlooked companies, investments
in specific industries or countries and potential conflicts of interest. Additional risks to a Fund may also include, but are not limited to, those associated with investing in foreign securities, emerging markets, initial public
offerings, real estate investment trusts (REITs), derivatives, short sales, commodity-linked investments and companies with relatively small market capitalizations. Each Fund has different risks. Please see a Janus prospectus
for more information about risks, Fund holdings and other details.
Foreign securities are subject to additional risks including currency fluctuations, political and economic uncertainty, increased volatility and differing financial and information reporting standards, all of which are magnified in
emerging markets.
MSCI EAFE® (Europe, Australasia, Far East) Index is a free float-adjusted market capitalization weighted index designed to measure developed market equity performance. The MSCI EAFE® Index is composed of companies representative of the
market structure of developed market countries. The index includes reinvestment of dividends, net of foreign withholding taxes. MSCI All Country World ex-U.S. IndexSM is an unmanaged, free float-adjusted, market capitalization weighted index
composed of stocks of companies located in countries throughout the world, excluding the United States. It is designed to measure equity market performance in global developed and emerging markets outside the United States. The index includes
reinvestment of dividends, net of foreign withholding taxes. A Fund’s portfolio may differ significantly from the securities held in an index. An index is unmanaged and not available for direct investment; therefore its performance does not reflect the
expenses associated with the active management of an actual portfolio.
Perkins Investment Management LLC is an indirect subsidiary of Janus Capital Group Inc. and serves as the sub-adviser on certain products.
© 2014 Morningstar, Inc. All Rights Reserved.
Fund distributed by Janus Distributors LLC
C-0614-68528 10-15-14
297-08-27794 07-14