Fund Evaluator:
Janus Henderson Global Real Estate T (JERTX)
Follow This Fund
Best Performing in Global Real Estate Over the Last Year
| 20.0% | PGIM Global Real Estate Z (PURZX) |
| 19.1% | PGIM Select Real Estate Z (SREZX) |
| 19.0% | American Century Global Real Estate Y (ARYYX) |
| 18.6% | American Century Global Real Estate Inv (ARYVX) |
| 18.3% | iShares Developed Real Estate Idx Inv A (BARDX) |
Fund Details
Janus Henderson Global Real Estate T Overview
Janus Henderson Global Real Estate T (JERTX) is an actively managed Sector Equity Global Real Estate fund. Janus Henderson launched the fund in 2009.
The investment seeks total return through a combination of capital appreciation and current income. The fund pursues its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of real estate-related companies. These securities may include common stocks, preferred stocks, and other equity securities, including, but not limited to, REITs and similar REIT-like entities, such as foreign entities that have REIT characteristics and real estate operating companies.
About Janus Henderson Global Real Estate T (JERTX)
There are 3 members of the management team with an average tenure of 8.56 years: Guy Barnard (2017), Tim Gibson (2017), Greg Kuhl (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and FTSE EPRA Nareit Global NR USD index with a weighting of 100%. Janus Henderson Global Real Estate T has 57 securities in its portfolio. The top 10 holdings constitute 42.7% 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 Real Estate T is part of the Equity global asset class and is within the Sector Equity fund group. Janus Henderson Global Real Estate T has 35.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 61.6%. There is 35.1% 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 Real Estate T has 2.4% of the portfolio in cash.
Assets Under Management
The fund has $49 million in total assets, which is below the $209 million average for the Global Real Estate 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.
JERTX 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 Real Estate T expense ratio is high compared to funds in the Global Real Estate category. Janus Henderson Global Real Estate T has an expense ratio of 0.89%, which is 23% 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 Real Estate T has a portfolio turnover rate of 61%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 71% for the Global Real Estate category.
Recently, in the month of July 2026, Janus Henderson Global Real Estate T returned 2.7%, which earned it a grade of B, as the Global Real Estate category had an average return of 2.5%. 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 Real Estate T has a trailing yield of 2.91%, which is above the 2.74% category average. The fund normally distributes its income monthly 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 Global Real Estate T Grades
Year to date, the fund has returned 13.1%, 2.1 percentage points better than the category, which translates into a grade of B. The fund has returned 18.0% over the past year (grade of B), 8.4% over the past three years (grade of C) and 0.5% per year over the past five years (grade of D) and 5.6% per year over the past 10 years (grade of A).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Janus Henderson Global Real Estate T, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
JERTX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JERTX Return (NAV) | 2.7% | 2.0% | 18.0% | 8.4% | 0.5% | 5.6% |
| JERTX Grade | B | D | B | C | D | A |
| +/- Category | 0.2% | -0.2% | 2.6% | -0.1% | -0.5% | 1.4% |
| Global Real Estate Avg | 2.5% | 2.1% | 15.4% | 8.5% | 0.9% | 4.1% |
| JERTX Tax Cost Ratio | na | na | 1.3% | 1.1% | 1.2% | 1.3% |
JERTX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JERTX Return (NAV) | 13.1% | 9.4% | -0.1% | 7.4% | -25.3% | 22.2% | 1.2% | 30.7% | -3.4% | 17.6% | 3.4% |
| JERTX Grade | B | B | D | F | B | D | B | A | A | A | C |
| +/- Category | 2.1% | 0.0% | -0.7% | -2.9% | 0.6% | -2.4% | 2.9% | 5.3% | 2.4% | 3.7% | 0.3% |
| Global Real Estate Avg | 11.0% | 9.4% | 0.6% | 10.4% | -25.9% | 24.6% | -1.7% | 25.5% | -5.8% | 13.9% | 3.1% |
| Risk Measures | |
| Standard Deviation: | 15.8% |
| Total Risk Index: | 1.29 - Above Average |
| Category Risk Index: | 0.98 - Below Average |
| Category Risk Grade: | B (30% Rank) |
| Beta: | 0.96 |
| R-Squared: | 59% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.9% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $342 Mil |
| Fund Total Assets: | $ 49 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 61% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 9.2 years | |||
| Average Tenure: 8.6 years | |||
| Managers (Year): Barnard Guy (2017), Gibson Tim (2017), Kuhl Greg (2019) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 57 |
| % in Top 10 Holdings: | 42.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 35.1% |
Portfolio Allocation |
|
| Domestic Stock: | 61.6% |
| Foreign Stock: | 35.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.0% |
| Cash: | 2.4% |
Purchase Information
| Fund Family: | Janus Henderson |
| Phone Number: | 877-335-2687 |
| Website: | www.janushenderson.com |
| Status: | Open |
| Inception Date: | July 6, 2009 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.89% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | Janus Henderson Global Real Estate I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
