Janus Henderson Pan European High Conviction Equity UCITS ETF EUR Acc

The Sub-Fund aims to provide capital growth over the long term by investing in a concentrated, actively managed portfolio of equity securities issued by European companies. Under normal circumstances, the Sub-Fund will invest at least 90% of its assets in equity securities or depositary receipts issued by European companies. The Sub-Fund may invest in companies of any size in any industry. The Sub-Fund will typically have 20 - 30 holdings and is not expected to have fewer than 20 holdings. The Sub-Fund may also hold cash. Derivatives may be used for the purposes of hedging/risk reduction. The SubFund will use forward FX contracts to hedge currency risk where it offers Hedged Share Classes. The Sub-Fund is actively managed. The Index Benchmark, MSCI Europe, which broadly represents the companies in which the Sub-Fund may invest, is used for performance comparison purposes only. The Investment Manager has discretion to choose investments for the Sub-Fund from the Index Benchmark with weightings different to the Index Benchmark or not in the Index Benchmark. The Investment Manager will seek to promote environmental, social and/or governance (ESG) principles in managing the Fund, which may include the exclusion of issuers that the Investment Manager considers could contribute to significant ESG harm, as further described in the supplement. Please refer to the annex to this Supplement for the precontractual disclosures. – The Share Class of the Sub-Fund will accumulate income in its value. – This Sub-Fund may not be appropriate for short-term investment. – The Share Class is denominated in EUR. The Sub-Fund is denominated in EUR. Key Investor Information Risk and reward profile Lower risk Higher risk Typically lower rewards Typically higher rewards This indicator is based on historical data and may not be a reliable indication of the future risk and reward profile of the Share Class. The risk category shown is not guaranteed and may shift over time. The lowest category (Category 1) does not mean ‘risk free’. The Share Class is rated 6 due to the nature of its investments and the frequency of price movement which include the following risks which may impact the value of the Share Class or expose it to losses. – No capital protection: The value of your investment may go down as well as up and you may not get back the amount you invested. – Liquidity risk: Lower liquidity means there are insufficient buyers or sellers to allow the Sub-Fund to sell or buy investments readily. Neither the Index provider nor the issuer make any representation or forecast on liquidity. Market risk: The Net Asset Value of the Sub-Fund will change with changes in the market value of the securities it holds. The price of Shares and the income from them may go down as well as up. Investors may not get back their original investment. Investment Management Risk: This is the risk that the Investment Manager’s strategy, the implementation of which is subject to a number of constraints, may not produce the intended results. In addition, the Investment Manager has absolute discretion, subject to the provisions of the Prospectus, Supplement and applicable legislation, to exercise shareholders’ rights with respect to securities comprising the Sub-Fund. There can be no guarantee that the exercise of such discretion will result in the investment objective of the Sub-Fund being achieved. Investors should also note that in certain cases, none of the Investment Manager, the ICAV or the Shareholders has any voting rights with respect to securities held by the Sub-Fund. Concentration Risk: This Sub-Fund has a high exposure to a particular country or geographical region it therefore carries a higher level of risk than a Sub-Fund which is more broadly diversified. This SubFund may have a particularly concentrated portfolio relative to its investment universe or other comparable products. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Sub-Fund. For more information on the risks to the Sub-Fund, please see the supplement for the Sub-Fund and the prospectus of Janus Henderson ICAV, available on the product pages of tabulaim.com. – In normal conditions, Authorised Participants may deal in shares directly with the Sub-Fund. Other investors can deal in shares daily through an intermediary on stock exchanges on which the shares are traded. For more information on the Share Class of the Sub-Fund, please see the supplement for the Sub-Fund and the prospectus of the ICAV, available on the product pages of tabulaim.com.