Mutual Fund Equity Report Having trouble finding funds? Janus Henderson Global Technology I (JATIX) is a potential starting point. JATIX maintains a Zacks Mutual Fund Rank of 2 (Buy), based on nine predictive factors such as size, expense and past performance.
JATIX, based out of Boston, MA, finds itself in the Janus Fund family. Janus Henderson Global Technology It was first launched in July 2009 and JATIX has managed to accumulate around $703.67 million in assets as of the latest available data. The fund’s current manager, Denny Fish, has been managing the fund since January 2016.
Investors naturally look for strong performing funds. This fund in particular delivered a 5-year annualized total return of 11.93%, ranking in the middle third of its category peers. If you’re looking for shorter time frames, don’t dismiss the fund’s 3-year annualized total return of 7.56%, which puts it in the middle third of that time frame.
When looking at a fund’s performance, it’s also important to note the standard deviation of returns. The lower the standard deviation, the lower the volatility of the fund’s experiences. Compared to the category average of 18.1%, JATIX’s standard deviation over the past three years is 24.97%. The standard deviation of the fund over the last 5 years is 22.26% compared to the category average of 15.97%. This makes the fund more volatile than its peers over the past half-decade.
With a 5-year beta of 1.1, the fund may be more volatile than the market average. Because alpha represents a portfolio’s performance on a risk-adjusted basis relative to its benchmark, which in this case is the S&P 500, one should pay attention to this metric as well. With a positive alpha of 0.59, the managers in this portfolio are adept at selecting securities that outperform the benchmark.
Investigating mutual fund equity holdings is also a valuable exercise. This can show us how the manager applies the described method and also if there are any inherent biases in their approach. For this particular fund, the focus is primarily on stocks traded in the United States.
As of the last filing date, the mutual fund held 95.33% of its assets in stocks, and these companies have an average market capitalization of $447.31 billion. With a turnover rate of 56 percent, this fund trades less than the average comparable fund.
Costs are very important for mutual fund investing and especially when competition heats up in this market. And all things being equal, a low-cost product outperforms its peers, so keeping a close eye on these metrics is key for investors. In terms of fees, JATIX is a no-load fund. It has an expense ratio of 0.76% compared to the category average of 1.30%. When looking at the money in terms of cost, JATIX is actually cheaper than its peers.
While the minimum initial investment for the product is $1 million, investors should note that there is no minimum for each subsequent investment.
Overall, Janus Henderson Global Technology I (JATIX) has a high Zacks Mutual Fund Rank, and in comparison with its similar performance, in combination with the worst downside risk and low fees, this fund seems to be a good choice for investors at the moment.
Want more information about JATIX? Then head over to Zacks.com and check out our mutual fund comparison tool and other great features we have to help you with your mutual fund analysis for more information. Be sure to visit Zacks.com for our full suite of tools to help you analyze the rest of your portfolio, researching all your stocks and funds in one place.
Looking for the latest recommendations from Zacks Investment Research? Today, you can download 7 best stocks for the next 30 days. Click here to get this free report.
Get your free (JATIX): Financial Analysis Report
Click here to read this article on Zacks.com.
Zacks Investment Research