Janus Henderson Emerging Markets Fund
HEMAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Denver CO 80206 Denver CO United States of America 80206
- IPO Date
- Dec 31, 2010
- CIK
- 0000277751
- Website
- janushenderson.com
- Similar Companies
- Business
- Janus Henderson Emerging Markets Fund (HEMAX) is an open-end mutual fund managed by Janus Henderson Investors that seeks capital growth and income by investing primarily in equity securities of companies in emerging markets worldwide. The fund employs a style-agnostic, all-cap approach targeting compelling opportunities across countries and corporations at various stages of economic and political development; it focuses on the intersection of country analysis, governance improvements, and fundamental stock selection while diluting exposure to state-owned enterprises and broadening beyond benchmark indices such as the MSCI Emerging Markets Index. Key holdings include Taiwan Semiconductor Manufacturing Co Ltd, HDFC Bank Ltd, Tencent Holdings Ltd, Samsung Electronics Co Ltd, and Reliance Industries Ltd, with sector allocations led by technology (27.67%), consumer cyclical (22.15%), and financial services (19.12%); regional emphasis spans emerging Asia (44.59%), developed Asia (29.51%), and Latin America (10.42%). Janus Henderson Emerging Markets Fund (ticker: HEMAX), launched on December 31, 2010, and domiciled in the United States, is available to U.S. investors through Class A shares with a net expense ratio of 1.39%, a 5.75% front-end load, and a minimum initial investment of $2,500; it is managed by Daniel Graña (since September 16, 2019) and Matthew Culley (since March 1, 2022). The fund targets institutional and retail investors seeking diversified emerging markets exposure, with total net assets of approximately $21.67 million and share class size of $2.53 million as of recent data. Janus Henderson Investors, the fund's sponsor, originated from the 2017 merger of Janus Capital (founded 1969 in Denver, Colorado) and Henderson Global Investors (roots in 1934, London), and now operates as a global asset manager headquartered in London with key U.S. offices in Denver, Colorado, managing equities, fixed income, multi-asset strategies, ETFs, alternatives, and private credit across regions including the U.S., Europe, Asia-Pacific, and emerging markets. In recent developments, effective May 30, 2025, the fund ceased accepting investments from new shareholders, with the Board of Trustees approving its complete liquidation and termination on or about July 30, 2025, accompanied by anticipated distributions of income and capital gains. Janus Henderson Investors has pursued strategic growth through acquisitions, including Victory Park Capital (a global private credit manager, announced August 2024 and closing Q4 2024) to enhance securitized credit and private solutions, and earlier 2024 deals in ETFs and emerging markets capabilities via Tabula partnership to meet client demand for ETF wrappers and diversified strategies. These moves align with the firm's broader expansion in alternatives and active management amid market volatility, while quarterly commentaries note performance challenges such as underperformance versus the MSCI Emerging Markets Index in Q3 2024 (5.46% vs. 8.72%) and Q1 2025 (0.76% vs. 2.93%), attributed to stock selection in South Korea offset by gains in India.