Fund Evaluator:

Janus Henderson Global Equity Income D Overview

Janus Henderson Global Equity Income D (HFQDX) is an actively managed International Equity Foreign Large Value fund. Janus Henderson launched the fund in 2017.

The investment seeks a high level of current income and, as a secondary objective, steady growth of capital. The fund pursues its investment objectives by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of income-producing equity securities, such as common and preferred dividend-paying stocks. The adviser invests in U.S. and non-U.S. issuers and will typically invest 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.

About Janus Henderson Global Equity Income D (HFQDX)

There are 4 members of the management team with an average tenure of 12.94 years: Ben Lofthouse (2014), Charlotte Greville (2025), Alex Crooke (2006), Job Curtis (2006). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: MSCI World NR USD index with a weighting of 100%, MSCI ACWI ex USA HDY NR USD index with a weighting of 85% and MSCI World High Dividend Yield NR USD index with a weighting of 15%. Janus Henderson Global Equity Income D has 70 securities in its portfolio. The top 10 holdings constitute 29.9% 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 Global Equity Income D is part of the Equity global asset class and is within the International Equity fund group. Janus Henderson Global Equity Income D has 93.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 6.1%. There is 93.9% 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 Global Equity Income D has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $75 million in total assets, which is below the $951 million average for the Foreign Large Value 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.

HFQDX 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 Global Equity Income D expense ratio is high compared to funds in the Foreign Large Value category. Janus Henderson Global Equity Income D has an expense ratio of 0.85%, which is 19% lower than its category average, making the fund expense ratio grade a B. 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 Global Equity Income D has a portfolio turnover rate of 175%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.

Recently, in the month of June 2026, Janus Henderson Global Equity Income D returned 2.0%, which earned it a grade of A, as the Foreign Large Value category had an average return of -0.6%. 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 Global Equity Income D has a trailing yield of 6.29%, which is above the 2.87% category average. The fund normally distributes its income quarterly.

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 Global Equity Income D Grades

Year to date, the fund has returned 13.7%, 3.0 percentage points better than the category, which translates into a grade of B. The fund has returned 25.1% over the past year (grade of C), 18.4% over the past three years (grade of D) and 11.4% per year over the past five years (grade of C) and 9.0% per year over the past 10 years (grade of D).

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