Fund Evaluator:
Janus Henderson Overseas D (JNOSX)
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Best Performing in Foreign Large Blend Over the Last Year
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Fund Details
Janus Henderson Overseas D Overview
Janus Henderson Overseas D (JNOSX) is an actively managed International Equity Foreign Large Blend fund. Janus Henderson launched the fund in 1994.
The investment seeks long-term growth of capital. 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 securities of issuers or companies from countries outside of the United States. The fund normally invests in a portfolio of 30-50 securities of issuers from several different countries, excluding the United States, and it may, under unusual circumstances, invest all or substantially all of its assets in a single country. It may invest up to 20% of its net assets, measured at the time of purchase, in U.S. issuers.
About Janus Henderson Overseas D (JNOSX)
There are 2 members of the management team with an average tenure of 5.47 years: Julian McManus (2018), Christopher O'Malley (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Janus Henderson Overseas D has 45 securities in its portfolio. The top 10 holdings constitute 39.0% 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 Overseas D is part of the Equity global asset class and is within the International Equity fund group. Janus Henderson Overseas D has 85.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 13.2%. There is 85.5% 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 Overseas D has 1.3% of the portfolio in cash.
Assets Under Management
The fund has $913 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.
JNOSX 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 Overseas D expense ratio is high compared to funds in the Foreign Large Blend category. Janus Henderson Overseas D has an expense ratio of 0.83%, which is 12% 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 Overseas D has a portfolio turnover rate of 42%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Foreign Large Blend category.
Recently, in the month of June 2026, Janus Henderson Overseas D returned 1.0%, which earned it a grade of B, as the Foreign Large Blend category had an average return of 0.5%. 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 Overseas D has a trailing yield of 1.12%, which is below the 2.19% category average. The fund normally distributes its income annually 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 Overseas D Grades
Year to date, the fund has returned 15.0%, 4.1 percentage points better than the category, which translates into a grade of A. The fund has returned 27.8% over the past year (grade of A), 17.3% over the past three years (grade of C) and 9.8% per year over the past five years (grade of B) and 12.3% per year over the past 10 years (grade of A).
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JNOSX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JNOSX Return (NAV) | 1.0% | 14.8% | 27.8% | 17.3% | 9.8% | 12.3% |
| JNOSX Grade | B | A | A | C | B | A |
| +/- Category | 0.5% | 4.2% | 6.5% | 0.6% | 1.6% | 2.8% |
| Foreign Large Blend Avg | 0.5% | 10.6% | 21.3% | 16.7% | 8.2% | 9.5% |
| JNOSX Tax Cost Ratio | na | na | 0.5% | 0.4% | 0.5% | 0.5% |
JNOSX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JNOSX Return (NAV) | 15.0% | 28.8% | 5.9% | 10.9% | -8.7% | 13.1% | 16.7% | 27.1% | -15.3% | 31.3% | -6.9% |
| JNOSX Grade | A | D | B | F | A | A | A | A | C | A | F |
| +/- Category | 4.1% | -1.8% | 1.0% | -5.3% | 7.7% | 3.0% | 4.9% | 4.2% | -0.1% | 4.9% | -7.8% |
| Foreign Large Blend Avg | 10.9% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 12.2% |
| Total Risk Index: | 1.01 - Average |
| Category Risk Index: | 0.95 - Low |
| Category Risk Grade: | A (16% Rank) |
| Beta: | 0.80 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 1.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4596 Mil |
| Fund Total Assets: | $ 913 Mil |
| Share Class Type: | D |
| Portfolio Turnover: | 42% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 8.5 years | |||
| Average Tenure: 5.5 years | |||
| Managers (Year): McManus Julian (2018), O'Malley Christopher (2024) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 45 |
| % in Top 10 Holdings: | 39.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 85.5% |
Portfolio Allocation |
|
| Domestic Stock: | 13.2% |
| Foreign Stock: | 85.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.3% |
Purchase Information
| Fund Family: | Janus Henderson |
| Phone Number: | 800-525-3713 |
| Website: | www.janushenderson.com |
| Status: | Closed |
| Inception Date: | May 2, 1994 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| 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 (%): | 0.83% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Janus Henderson Overseas D |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
