Janus Overseas Fund (JNOSX)
Non-U.S. All Cap Equities


Who Should Consider This Fund?

Investors looking for a flexible international equity strategy. The Fund seeks high-conviction, long term investments in the most compelling companies regardless of geography, size or industry.

Asset ClassGlobal/International
Share Class D
target risk very aggressive

Funds are placed on the risk tolerance spectrum to demonstrate the wide spectrum of risk levels among asset classes in which they are expected to typically invest. The spectrum is for informational purposes only, is not intended to be forward looking and is subject to change. 

Fund Facts
Inception Date5/2/1994
NAV (As of 4/27/17)$29.03
Daily NAV Change$0.01
Daily NAV % Change0.03%
Total Net Assets (As of 3/31/17)$1.57B
Annual Expense Ratio
(As of fiscal year end 9/30/16)
GROSS 0.58%
NET 0.58%
Morningstar Fee Level
(As of 3/31/17)
Fee Level Group
(out of 302 funds)
Foreign Large Cap No Load

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/18.

Morningstar (As of 3/31/17)
CategoryUS Fund Foreign Large Blend
Overall Rating™
(Based on risk-adjusted returns)
586 Funds Rated
View all Ratings
Style Box
Performance (As of 3/31/17)
YTD (As of 4/27/17) 14.79%
1 Year 14.28%
3 Year -6.20%
5 Year -3.00%
10 Year -1.45%

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 click here.

Returns greater than one year are annualized.

Client Commitment

An international equity fund seeking to grow capital by investing with conviction in companies outside the U.S. where the Portfolio Manager believes the market underestimates free cash flow growth. The Fund considers both growth and value criteria as it seeks to deliver strong, risk-adjusted returns over the long term, regardless of market conditions.

Fund Overview

Data as of 3/31/17. Index represents the MSCI All Country World ex-U.S. Index℠.

TOP HOLDINGS (% of Fund)

BNP Paribas SA 4.84
AIA Group Ltd 4.51
Rio Tinto Ltd 4.28
Alibaba Group Holding Ltd (ADR) 4.03
Diageo PLC 3.91
Nippon Telegraph & Telephone Corp 3.90
ING Groep NV 3.59
Mitsubishi UFJ Financial Group Inc 3.54
GVC Holdings PLC 3.06
Sanofi 2.99


Financials 24.20 23.33
Consumer Discretionary 16.62 11.31
Information Technology 14.56 9.90
Industrials 10.53 11.86
Consumer Staples 8.40 9.85
Materials 6.59 8.01
Health Care 6.04 8.04
Energy 5.35 6.79
Telecommunication Services 3.90 4.51
Utilities 1.43 3.17
Real Estate 0.18 3.23
Cash & Equivalents 2.20 -

Why Invest in the Fund


The Portfolio Manager has the flexibility to invest in 30 to 60 companies outside the U.S. and across the market cap and style spectrum where free cash flow growth is believed to be underestimated by the market. The Portfolio Manager searches for both growing companies and attractive valuations.


The intersection of independent viewpoints and differentiated perspectives between the Portfolio Manager and Research Analysts should lead to potentially greater and more consistent excess returns over time.


Taking a prudent approach to portfolio construction and risk management, the Portfolio Manager aims to drive superior risk-adjusted returns over the full market cycle through stock selection in an effort to avoid persistent biases.


George Maris, CFA

George Maris, CFA

Fund Manager since 2016
Industry since 1998