Address And Details

PO Box 55932 , Boston, MA 02205-5932
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

Janus Henderson U.S. Managed Volatility Fund seeks long-term growth of capital. 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 Investment Management LLC s ( Intech ) 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 seeks to produce returns in excess of the Russell 1000 Index (the Fund s benchmark index) over a full market cycle, but with lower absolute volatility than the benchmark index. The Fund seeks to generate such excess returns with absolute volatility that can range from approximately 0% to 40% lower than the Russell 1000 Index. In this context, absolute volatility refers to the variation in the returns of the Fund and the benchmark index as measured by the standard deviation of monthly returns. This range is expected to be closer to 0% in less volatile markets and will increase as market conditions become more volatile. The Fund transitioned to a managed volatility strategy in December 2014. Since January 2015, when seeking to generate returns, the Fund has reduced volatility on average by approximately 7.58 % relative to its named benchmark index (based on the standard deviation of monthly returns). As noted, the volatility reduction is expected to vary over time based on market conditions and other factors. 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. The goal of this process is to combine stocks that individually have higher relative volatility, lower absolute volatility, and lower correlations with each other in an effort to reduce the Fund s absolute volatility, while still generating returns that exceed the named benchmark index over a full market cycle. Although the Fund is generally expected to underperform its named benchmark index in sharply rising markets, this strategy seeks to participate in normal rising markets and lessen losses in down markets. In applying this strategy, Intech establishes target proportions of its holdings from stocks within the named benchmark index using an optimization process designed to determine the most effective weightings of each stock in the Fund. Once Intech determines such proportions and the Fund s investments are selected, the Fund is periodically rebalanced to the set target proportions and re-optimized. The rebalancing techniques used by Intech may result in a higher relative portfolio turnover rate compared to a buy and hold fund strategy. The Fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its total assets as determined at the time of the loan origination.

Net Asset Value

as of 5:46 PM ET 09/17/2021

Performance

  • 1 Week
  • -1.26%
  • 1 Month
  • -0.96%
  • 3 Months
  • +6.62%
  • 1 Yr Return
  • +10.41%
  • 5 Yr Return
  • +39.75%

Equity Sector Breakdown

Technology 25.15%
Finance 14.19%
Health 13.24%
RetailTrade 12.60%
IndustrialCyclical 9.60%
NonDurables 7.36%
Services 5.57%
Utilities 5.14%
ConsumerDurables 0.83%
Energy 0.71%

Asset Allocation

Asset Type % Of Allocation
Stocks 99.90%
ForeignStocks 2.58%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 497.99 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -3.13 -1.35 0.32
Beta 0.87 0.86 0.86
R Squared 0.85 0.83 0.82
Std Deviation 17.54 14.14 12.79
Sharpe Ratio 0.72 0.98 n/a

Purchase Information

as of 5:45 PM ET 09/16/2021
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +23.09%
  • +26.75%
+23.09% +26.75%
3 Year
  • +12.13%
  • +11.50%
+12.13% +11.50%
10 Year
  • +14.36%
  • +12.57%
+14.36% +12.57%
Life Of Fund
  • +9.20%
  • +8.80%
+9.20% +8.80%

Top 10 Holdings

Symbol Company Name % Of Assets
WMT WALMART INC 3.67%
RMD RESMED INC 3.63%
ABBV ABBVIE INC 3.26%
PGR PROGRESSIVE CORP 2.77%
WST WEST PHARMACEUTICAL SERVICES 2.71%
MSFT MICROSOFT CORP 2.70%
TWTR TWITTER INC 2.70%
AAPL APPLE INC 2.52%
DPZ DOMINO S PIZZA INC 2.37%
FAST FASTENAL CO 2.36%

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