JRSAX: Janus Henderson US Managed Volatility A

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JRSAX Janus Henderson US Managed Volatility A


Profile

JRSAX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $1.08 B
  • Holdings in Top 10 19.0%

52 WEEK LOW AND HIGH

$11.74
$7.83
$12.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 87.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 8.1%
  • 5 Yr Annualized Total Return 8.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Janus Henderson U.S. Managed Volatility Fund
  • Fund Family Name
    Janus Henderson
  • Inception Date
    Dec 30, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joseph Runnels

Fund Description

The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. common stocks from the universe of the Russell 1000® Index, utilizing INTECH's mathematical investment process, applying a managed volatility approach. The Russell 1000® Index is an unmanaged index that measures the performance of the large-cap segment of the U.S. equity universe. The fund pursues its investment objective by applying a mathematical investment process to construct an investment portfolio from the universe of stocks within the named benchmark index.


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Categories

Fund Company Quick Screens

JRSAX - Fund Company Quick Screens


Performance

JRSAX - Performance

Return Ranking - Trailing

Period JRSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -36.9% 1892.0% 17.20%
1 Yr 0.3% -73.2% 2003.4% 44.75%
3 Yr 3.6%* -33.7% 189.0% 32.96%
5 Yr 4.9%* -21.2% 94.7% 25.03%
10 Yr 3.6%* -6.3% 39.1% 78.68%

* Annualized

Return Ranking - Calendar

Period JRSAX Return Category Return Low Category Return High Rank in Category (%)
2019 19.5% -72.6% 39.5% 69.02%
2018 -11.1% -67.0% 10.0% 30.48%
2017 13.8% -32.8% 33.2% 50.24%
2016 6.5% -18.6% 19.7% 55.31%
2015 -10.5% -35.5% 7.8% 80.36%

Total Return Ranking - Trailing

Period JRSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -36.9% 1892.0% 17.20%
1 Yr 0.3% -73.2% 2003.4% 44.66%
3 Yr 8.1%* -33.7% 189.0% 24.77%
5 Yr 8.0%* -15.7% 94.7% 26.53%
10 Yr 12.0%* -4.2% 39.1% 17.55%

* Annualized

Total Return Ranking - Calendar

Period JRSAX Return Category Return Low Category Return High Rank in Category (%)
2019 19.5% -72.6% 39.5% 69.02%
2018 -3.9% -67.0% 10.0% 8.01%
2017 20.2% -22.1% 33.2% 43.33%
2016 7.9% -16.4% 26.8% 72.29%
2015 3.0% -26.4% 106.5% 7.66%

NAV & Total Return History


Holdings

JRSAX - Holdings

Concentration Analysis

JRSAX Category Low Category High JRSAX % Rank
Net Assets 1.08 B 1.14 K 872 B 44.01%
Number of Holdings 331 1 3498 26.14%
Net Assets in Top 10 211 M -27.1 M 186 B 56.45%
Weighting of Top 10 18.96% 3.2% 100.0% 93.99%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High JRSAX % Rank
Stocks
99.10% 81.36% 167.47% 39.85%
Cash
0.90% -141.62% 13.02% 55.45%
Preferred Stocks
0.00% 0.00% 14.17% 9.91%
Other
0.00% -7.25% 89.69% 12.57%
Convertible Bonds
0.00% 0.00% 13.48% 7.24%
Bonds
0.00% 0.00% 78.72% 17.39%

Stock Sector Breakdown

Weighting Return Low Return High JRSAX % Rank
Utilities
18.14% 0.00% 18.14% 0.25%
Technology
16.53% 0.00% 41.55% 85.47%
Consumer Cyclical
12.48% 0.00% 45.17% 14.36%
Healthcare
12.22% 0.00% 31.87% 89.78%
Real Estate
12.00% 0.00% 54.83% 0.34%
Financial Services
10.77% 0.00% 47.71% 89.78%
Consumer Defense
6.21% 0.00% 35.63% 80.49%
Industrials
5.41% 0.00% 27.72% 92.57%
Communication Services
4.37% 0.00% 29.84% 90.03%
Basic Materials
1.45% -0.14% 11.81% 77.28%
Energy
0.42% -1.47% 14.48% 86.49%

Stock Geographic Breakdown

Weighting Return Low Return High JRSAX % Rank
US
98.76% 80.18% 157.79% 19.98%
Non US
0.34% -4.87% 18.41% 87.01%

Expenses

JRSAX - Expenses

Operational Fees

JRSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 49.73% 46.74%
Management Fee 0.50% 0.00% 2.00% 42.94%
12b-1 Fee 0.25% 0.00% 1.00% 23.58%
Administrative Fee N/A 0.00% 0.95% N/A

Sales Fees

JRSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.50% 5.75% 4.27%
Deferred Load N/A 0.95% 5.00% 13.42%

Trading Fees

JRSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JRSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 87.00% 0.00% 438.00% 81.49%

Distributions

JRSAX - Distributions

Dividend Yield Analysis

JRSAX Category Low Category High JRSAX % Rank
Dividend Yield 0.00% 0.00% 16.25% 8.82%

Dividend Distribution Analysis

JRSAX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

JRSAX Category Low Category High JRSAX % Rank
Net Income Ratio 1.07% -3.93% 3.34% 56.56%

Capital Gain Distribution Analysis

JRSAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

JRSAX - Fund Manager Analysis

Managers

Joseph Runnels


Start Date

Tenure

Tenure Rank

Dec 30, 2005

14.51

14.5%

Joseph Runnels, CFA, is vice president, quantitative trader of Intech. Mr. Runnels joined Intech in June of 1998 from QED Information Systems, a software development company providing portfolio management and investment accounting systems. Mr. Runnels spent six years prior to that in portfolio management for the Tennessee Consolidated Retirement System in their fixed income investment division. Mr. Runnels holds a B.S. in Business Administration from Murray State University and has earned the right to use the Chartered Financial Analyst designation. Mr. Runnels has 26 years of investment experience.

Adrian Banner


Start Date

Tenure

Tenure Rank

Nov 28, 2008

11.59

11.6%

Adrian Banner, Ph.D., is chief executive officer and chief investment officer of Intech. Dr. Banner was named chief executive officer in November 2012 and concurrently is the firm’s chief investment officer, a position he has held since January 2012. He joined Intech in August 2002 and since that time has been an integral part of the firm’s Princeton-based research team. In 2009, he was named the firm’s co-chief investment officer.

Vassilios Papathanakos


Start Date

Tenure

Tenure Rank

Jan 01, 2012

8.5

8.5%

Vassilios Papathanakos, Ph.D., was named Intech’s deputy chief investment officer in November 2012 and executive vice president, deputy chief investment officer in 2014. Prior to that, he was the firm’s director of research, based in Princeton, NJ. As deputy CIO, Dr. Papathanakos is jointly responsible, with Dr. Adrian Banner, Intech’s chief executive officer and chief investment officer, for the day-to-day implementation of Intech’s investment process and trading operations. Drs. Banner and Papathanakos have worked together during the past few years to implement Intech’s investment process,

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.98 6.23 0.5