Fund Evaluator:

Janus Henderson Global Allocation Gr D Overview

Janus Henderson Global Allocation Gr D (JNSGX) is an actively managed Allocation Global Moderately Aggressive Allocation fund. Janus Henderson launched the fund in 2005.

The investment seeks total return through a primary emphasis on growth of capital with a secondary emphasis on income. The fund seeks to achieve its investment objective by investing in other mutual funds and exchange-traded funds ETFs that represent a variety of asset classes and investment styles and provide exposure to issuers that are economically tied to countries throughout the world. Under normal market conditions, the fund will primarily invest its assets in Janus Henderson underlying funds.

About Janus Henderson Global Allocation Gr D (JNSGX)

There are 3 members of the management team with an average tenure of 0.88 years: Nicholas Harper (2024), Allan Maymin (2026), Philip Maymin (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100%, Bloomberg Global Aggregate TR USD index with a weighting of 20% and MSCI ACWI NR USD index with a weighting of 80%. Janus Henderson Global Allocation Gr D has 15 securities in its portfolio. The top 10 holdings constitute 86.6% 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 Allocation Gr D is part of the Allocation global asset class and is within the Allocation fund group. Janus Henderson Global Allocation Gr D has 46.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 43.7%. There is 36.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 16.2% (6.3% domestic bond, 9.9% foreign bond and 0.0% convertible bond). Janus Henderson Global Allocation Gr D has 3.6% of the portfolio in cash.

Assets Under Management

The fund has $230 million in total assets, which is below the $1 billion average for the Global Moderately Aggressive Allocation 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.

JNSGX 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 Allocation Gr D expense ratio is above average compared to funds in the Global Moderately Aggressive Allocation category. Janus Henderson Global Allocation Gr D has an expense ratio of 0.77%, 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 Allocation Gr D has a portfolio turnover rate of 31%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 32% for the Global Moderately Aggressive Allocation category.

Recently, in the month of July 2026, Janus Henderson Global Allocation Gr D returned -1.8%, which earned it a grade of F, as the Global Moderately Aggressive Allocation category had an average return of 0.2%. 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 Allocation Gr D has a trailing yield of 1.24%, which is below the 1.98% 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 Allocation Gr D Grades

Year to date, the fund has returned 8.6%, 1.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 17.0% over the past year (grade of D), 13.6% over the past three years (grade of C) and 6.2% per year over the past five years (grade of D) and 8.2% per year over the past 10 years (grade of D).

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 Allocation Gr D, including its riskiness, submit your email to unlock the rest of the article.