HFOIX — Janus Henderson International Opportunities Fund
Data updated: 2023-05-30
HFOIX — Janus Henderson International Opportunities Fund. Capital Appreciation / Growth Allocation. Holdings, fees, performance and SEC filings.
HFOIX Fund Overview
HFOIX — Janus Henderson International Opportunities Fund is a US mutual fund managed by Janus Investment Fund, categorised as Capital Appreciation / Growth Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Janus Investment Fund
- Category: Capital Appreciation / Growth Allocation
- Assets under management: $644.92M
- 1-year return: -1.3%
- Ticker: HFOIX
- SEC CIK: 0000277751
- SEC series ID: S000057601
- Share class ID: C000183886
HFOIX Investment Objective and Strategy
Janus Henderson International Opportunities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Janus Investment Fund.
Investment objective
Janus Henderson International Opportunities Fund seeks long-term capital appreciation primarily through investment in equities of non-U.S. companies.
Principal investment strategy
The Fund pursues its investment objective by investing, under normal circumstances, at least 40% of its net assets (plus any borrowings for investment purposes) in equity securities of non-U.S. companies and in at least three different countries. Equity securities include common stocks and related securities, such as preferred stock, convertible securities, and depositary receipts. Non-U.S. companies include companies in emerging market countries and are broadly defined to include any company that meets one of the following tests: (i) its country of organization, its primary business office and/or the principal trading market of its stock are located outside of the U.S., (ii) 50% or more of its assets are located in a country other than the U.S., or (iii) 50% or more of its revenues are derived from outside of the U.S.
Fund investment performance will be derived primarily from stock selection. A strategic asset allocation process will be a secondary contributor to the investment process. Security selection may be based upon an analysis of a companys valuations relative to earnings forecasts or other valuation criteria, earnings growth prospects of a company, the quality of a companys management and the unique competitive advantages of a company. Asset allocation will be reviewed regularly based upon strategic views related to the growth prospects, valuations and pricing associated with international equity regions. Assets of the Fund are allocated to teams of portfolio managers who have experience with respect to a particular geographic region or discipline. The Fund generally sells a stock when, in the portfolio managers opinions, there is a deterioration in the companys fundamentals, the company fails to meet performance expectations, the stock achieves its target price, its earnings are disappointing or its revenue growth has slowed.
The Fund may also sell a stock if the portfolio managers believe that negative country or regional factors may affect the companys outlook, in the portfolio managers opinion, a superior investment opportunity arises or to meet cash requirements. The portfolio managers anticipate that the Fund will continue to hold securities of companies that grow or expand so long as the portfolio managers believe the securities continue to offer prospects of long-term growth. Some of the Funds investments may produce income, although income from dividends and interest will be incidental and not an important consideration in choosing investments. The Fund may, under unusual circumstances, invest in a single country or a limited number of countries. In addition, the Fund may invest in securities issued by smaller companies and in less seasoned issuers, including through initial public offerings and private placements.
The Fund may invest its assets in derivatives, which are instruments that have a value derived from, or directly linked to, an underlying asset, such as equity securities, commodities, or currencies, as substitutes for securities in which the Fund invests. In particular, the Fund may invest in derivatives such as forward currency contracts to offset risks associated with currency exposure. The Fund may engage in active and frequent trading to achieve its investment objective. The Fund does not limit its investments to companies of any particular size and may invest a significant portion of its assets in smaller and less seasoned issuers. However, in an attempt to reduce portfolio risks, the portfolio managers generally will invest across countries, industry groups and/or sectors. The Fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its total assets as determined at the time of the loan origination.
HFOIX Holdings
Top 10 holdings of Janus Henderson International Opportunities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Bayer AG | 0.03% |
| Novo Nordisk A/S | 0.03% |
| Relx PLC | 0.03% |
| Assa Abloy AB | 0.03% |
| Koninklijke Philips NV | 0.03% |
| Credit Agricole SA | 0.03% |
| Toyota Motor Corp | 0.02% |
| Bp PLC | 0.02% |
| Vivendi SA | 0.02% |
| Sap SE | 0.02% |
HFOIX Portfolio Allocation
Asset-class allocation of Janus Henderson International Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 1.0% |
HFOIX Performance
Total returns for HFOIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.3% |
| 3 years (annualised) | 9.6% |
HFOIX Risk Information
Risk metrics for HFOIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.7%
HFOIX Costs and Fees
HFOIX costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 1.19%
- Portfolio turnover: 88%
- Brokerage commissions: 13.33 bps of average net assets (SEC N-CEN)
HFOIX Cashflows
Over the 12 months to 2023-03, Janus Henderson International Opportunities Fund had net inflows of $471.54M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $29.55M |
| 2023-02 | $23.28M |
| 2023-01 | $33.01M |
| 2022-12 | $27.51M |
| 2022-11 | $50.89M |
| 2022-10 | $104.85M |
HFOIX Debt Constituents
No individual debt constituents are reported in Janus Henderson International Opportunities Fund's latest SEC N-PORT filing.
HFOIX Prospectus and SEC Filings
Official Janus Henderson International Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-28
- Prospectus (485BPOS) — filed 2021-01-28
- Prospectus supplement (497) — filed 2023-01-31
- Portfolio holdings (N-PORT) — filed 2023-05-30
- Portfolio holdings (N-PORT) — filed 2023-03-01
- Portfolio holdings (N-PORT) — filed 2022-11-29
- Annual census (N-CEN) — filed 2022-12-09
- Annual census (N-CEN) — filed 2021-12-14
Related Funds
Other Capital Appreciation / Growth Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.