Janus Henderson International Opportunities Fund - T Shares (HFOTX) is a mutual fund managed by Janus Henderson Investors that seeks long-term capital appreciation primarily through investment in equity securities of non-U.S. companies. The fund normally invests approximately 70% of its net assets (plus any borrowings for investment purposes) in equities including common stocks, preferred stock, and depositary receipts of companies located in at least three different countries outside the United States; it maintains a high-conviction, concentrated portfolio of 30 to 50 stocks across market capitalizations and styles where free-cash-flow growth is believed to be underestimated by the market, blending growth and value criteria without persistent style bias. Core offerings encompass international equity strategies focused on risk-adjusted returns driven by independent research insights, disciplined portfolio construction, and stock selection as the primary return generator. In 2023, the fund underwent a reorganization and merger into the Janus Henderson Overseas Fund, aligning its investment objectives, strategies, and risks while closing to new shareholders effective February 13, 2023, prior to the merger's completion as approved by the Board of Trustees and detailed in proxy materials distributed to shareholders. Janus Henderson Investors, the fund's manager, originated from the 2017 merger of Janus Capital (founded 1969) and Henderson Global Investors (roots in 1934), with U.S. headquarters in Denver, Colorado, and global operations serving institutional and individual investors across multiple regions.