JVGIX: Janus Henderson Adaptive Global Allc I

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JVGIX Janus Henderson Adaptive Global Allc I


Profile

JVGIX - Profile

Vitals

  • YTD Return -12.2%
  • 3 Yr Annualized Return -3.3%
  • 5 Yr Annualized Return N/A
  • Net Assets $50.1 M
  • Holdings in Top 10 60.6%

52 WEEK LOW AND HIGH

$9.23
$8.65
$10.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.35%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 268.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -12.2%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.12%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Janus Henderson Adaptive Global Allocation Fund
  • Fund Family Name
    Janus Henderson
  • Inception Date
    Jun 23, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ashwin Alankar

Fund Description

The fund seeks to achieve its investment objective by allocating its assets across a portfolio of global equity, global fixed-income, and, at times, commodities investments. It may invest in emerging markets, but will normally limit such investments to 30% of its net assets, measured at the time of purchase. Due to the nature of the securities in which the fund invests, it may have relatively high portfolio turnover compared to other funds. The fund is non-diversified.


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Categories

Fund Company Quick Screens

JVGIX - Fund Company Quick Screens


Performance

JVGIX - Performance

Return Ranking - Trailing

Period JVGIX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.2% -53.1% 17.3% 4.43%
1 Yr -8.8% -60.6% 23.3% 7.86%
3 Yr -3.3%* -34.9% 16.8% 40.32%
5 Yr N/A* -23.6% 14.0% N/A
10 Yr N/A* -9.9% 13.6% N/A

* Annualized

Return Ranking - Calendar

Period JVGIX Return Category Return Low Category Return High Rank in Category (%)
2019 11.3% -22.7% 66.4% 87.20%
2018 -11.1% -64.5% 6.7% 20.97%
2017 8.8% -38.9% 80.9% 89.44%
2016 4.3% -23.9% 25.7% 52.38%
2015 N/A -45.6% 13.2% N/A

Total Return Ranking - Trailing

Period JVGIX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.2% -53.1% 17.3% 4.43%
1 Yr -8.8% -60.6% 23.1% 7.86%
3 Yr 0.8%* -29.3% 16.8% 12.29%
5 Yr N/A* -23.4% 14.0% N/A
10 Yr N/A* -9.8% 14.7% N/A

* Annualized

Total Return Ranking - Calendar

Period JVGIX Return Category Return Low Category Return High Rank in Category (%)
2019 11.3% -22.2% 66.4% 87.20%
2018 -6.3% -64.5% 6.7% 3.81%
2017 17.2% -20.0% 80.9% 71.42%
2016 5.5% -23.9% 32.0% 66.03%
2015 N/A -45.6% 13.2% N/A

NAV & Total Return History


Holdings

JVGIX - Holdings

Concentration Analysis

JVGIX Category Low Category High JVGIX % Rank
Net Assets 50.1 M 21.4 K 45.5 B 66.54%
Number of Holdings 761 1 8457 0.90%
Net Assets in Top 10 39.5 M 21.3 K 29.7 B 63.73%
Weighting of Top 10 60.56% 9.0% 109.6% 72.73%

Top 10 Holdings

  1. Vanguard FTSE All-Wld ex-US ETF 13.92%
  2. Vanguard FTSE Europe ETF 7.18%
  3. Vanguard S&P 500 ETF 6.67%
  4. Vanguard FTSE Pacific ETF 6.40%
  5. Vanguard FTSE Emerging Markets ETF 6.26%
  6. Invesco QQQ Trust 5.19%
  7. The Walt Disney Co 4.21%
  8. Vanguard Intl Hi Div Yld Idx ETF 4.00%
  9. Vanguard Total International Bond ETF 3.59%
  10. Vanguard Mid-Cap ETF 3.13%

Asset Allocation

Weighting Return Low Return High JVGIX % Rank
Stocks
86.83% 0.00% 259.02% 72.69%
Bonds
9.78% -235.37% 98.52% 24.02%
Cash
3.30% -100.34% 17.48% 38.59%
Convertible Bonds
0.05% 0.00% 6.82% 43.45%
Other
0.03% -40.50% 73.59% 54.41%
Preferred Stocks
0.00% 0.00% 11.33% 97.68%

Stock Sector Breakdown

Weighting Return Low Return High JVGIX % Rank
Financial Services
16.84% 0.00% 48.61% 38.04%
Technology
15.24% 0.00% 51.17% 61.90%
Communication Services
13.28% 0.00% 35.16% 3.45%
Consumer Cyclical
12.24% 0.00% 33.38% 9.27%
Industrials
9.25% 0.00% 45.85% 92.93%
Healthcare
8.87% 0.00% 54.60% 84.74%
Consumer Defense
7.17% 0.00% 29.68% 52.01%
Energy
5.80% 0.00% 85.32% 19.84%
Basic Materials
5.01% 0.00% 36.84% 16.11%
Utilities
3.29% 0.00% 73.52% 44.49%
Real Estate
3.01% 0.00% 50.28% 73.71%

Stock Geographic Breakdown

Weighting Return Low Return High JVGIX % Rank
Non US
48.39% 0.00% 199.70% 16.05%
US
38.44% -0.03% 77.34% 89.38%

Bond Sector Breakdown

Weighting Return Low Return High JVGIX % Rank
Government
42.86% 0.00% 98.52% 13.09%
Corporate
29.15% -16.37% 100.00% 20.00%
Cash & Equivalents
25.19% -0.83% 100.00% 62.66%
Securitized
2.79% 0.00% 45.77% 54.28%
Derivative
0.00% -0.66% 92.99% 95.18%
Municipal
0.00% 0.00% 27.51% 97.00%

Bond Geographic Breakdown

Weighting Return Low Return High JVGIX % Rank
US
5.87% -27.01% 98.52% 42.43%
Non US
3.91% -4.62% 20.45% 6.33%

Expenses

JVGIX - Expenses

Operational Fees

JVGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.01% 45.88% 32.57%
Management Fee 0.75% 0.00% 1.50% 81.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

JVGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

JVGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 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.

JVGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 268.00% 0.00% 2053.00% 98.11%

Distributions

JVGIX - Distributions

Dividend Yield Analysis

JVGIX Category Low Category High JVGIX % Rank
Dividend Yield 0.00% 0.00% 37.77% 95.99%

Dividend Distribution Analysis

JVGIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

JVGIX Category Low Category High JVGIX % Rank
Net Income Ratio 2.12% -7.55% 13.14% 22.22%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

JVGIX - Fund Manager Analysis

Managers

Ashwin Alankar


Start Date

Tenure

Tenure Rank

Jun 23, 2015

4.69

4.7%

Ashwin Alankar is Head of Global Asset Allocation at Janus Henderson Investors. In this role, he is responsible for defining short- and long-term approaches to asset allocation. He also co-manages the Adaptive Allocation and Diversified Alternatives strategies. Prior to joining Janus in 2014, Dr. Alankar served from 2010 to 2014 as co-chief investment officer of quantitative investment strategies at AllianceBernstein. From 2003 to 2010, he was a partner and capital allocation committee member for Platinum Grove Asset Management. Dr. Alankar’s experience also includes serving as a consultant in the financial litigation division of the Law and Economics Consulting Group from 2001 to 2002. Dr. Alankar earned a bachelor of science degree in chemical engineering and mathematics and a master of science degree in chemical engineering, all from the Massachusetts Institute of Technology. He also holds a Ph.D. in finance from the University of California – Berkeley, Haas School of Business. Dr. Alankar has 18 years of financial industry experience.

Edward Parcell


Start Date

Tenure

Tenure Rank

Jan 28, 2020

0.09

0.1%

Edward Parcell is a Strategist and Portfolio Manager at Janus Henderson Investors. In this role, he conducts quantitative research for the firm's asset allocation platform, a position he has held since 2015. Prior to joining Janus in 2014, Mr. Parcell served as a quantitative developer at AVM LP, a Florida-based fixed income and credit broker/dealer and fund, where he worked with the rates trading desk as a member of the technology team. Before that, he was a quantitative analyst with UBS. His experience also includes launching a quantitative software and services company and working as a quantitative analyst with Brevan Howard, a director with the methodology group at Derivative Fitch and a quantitative analyst with Reoch Credit Partners. He also was an assistant actuarial consultant with Hewitt Associates. Mr. Parcell holds a bachelor of science degree from Trinity College, Cambridge, where he studied mathematics. He also received his diploma in actuarial techniques from the Institute of Actuaries. Mr. Parcell has published numerous industry papers.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.52 4.79 0.16