Fund Evaluator:

Janus Henderson International Div D Overview

Janus Henderson International Div D (HDDVX) is an actively managed International Equity Foreign Large Blend fund. Janus Henderson launched the fund in 2017.

The investment seeks income with the potential for capital growth over the long-term. The fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of dividend-producing equity securities. The fund generally invests in a core group of 40-60 equity securities, including common stocks, preferred stocks, depository receipts, and other equity-related securities. It primarily invests in equity securities of companies that are economically tied to countries outside of the United States, including investments in emerging markets.

About Janus Henderson International Div D (HDDVX)

There are 2 members of the management team with an average tenure of 8.72 years: Ben Lofthouse (2014), Faizan Baig (2020). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI World ex USA NR USD index with a weighting of 100%. Janus Henderson International Div D has 50 securities in its portfolio. The top 10 holdings constitute 29.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Janus Henderson International Div D is part of the Equity global asset class and is within the International Equity fund group. Janus Henderson International Div D has 98.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 98.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Janus Henderson International Div D has 1.7% of the portfolio in cash.

Assets Under Management

The fund has $55 million in total assets, which is below the $2 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

HDDVX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Janus Henderson International Div D expense ratio is high compared to funds in the Foreign Large Blend category. Janus Henderson International Div D has an expense ratio of 0.90%, which is 4% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Janus Henderson International Div D has a portfolio turnover rate of 50%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.

Recently, in the month of July 2026, Janus Henderson International Div D returned 1.5%, which earned it a grade of B, as the Foreign Large Blend category had an average return of 0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Janus Henderson International Div D has a trailing yield of 1.84%, which is below the 2.17% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Janus Henderson International Div D Grades

Year to date, the fund has returned 18.9%, 7.3 percentage points better than the category, which translates into a grade of A. The fund has returned 29.4% over the past year (grade of A), 20.7% over the past three years (grade of A) and 12.9% per year over the past five years (grade of A) and 10.4% per year over the past 10 years (grade of A).

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