Janus Henderson Global Sustainable Equity Fund on Aptiv PLC

Aptiv sold off after weaker-than-expected revenue and a cut to full-year guidance, which raised concerns about profitability, but the fund says its investment case remains intact. The managers view Aptiv as unusually well placed to provide both hardware and software for electrification, smarter vehicle architectures and driver-assistance systems. The thesis is that its integrated automotive technology offering can benefit from long-term trends toward more efficient, connected and increasingly autonomous vehicles despite near-term execution weakness. ([SEC][9])