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Is Janus Henderson Global Life Science A (JFNAX) a Strong Mutual Fund Pick Right Now?
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Having trouble finding a Sector - Health fund? Janus Henderson Global Life Science A (JFNAX - Free Report) is a possible starting point. JFNAX possesses a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance.
Objective
The world of Sector - Health funds is an area filled with options, such as JFNAX. Healthcare is one of the biggest sectors of the American economy, and Sector - Health mutual funds provide a great opportunity to invest in this industry. Here, funds can include everything from for-profit hospitals to pharmaceutical companies and medical device manufacturers.
History of Fund/Manager
JFNAX is a part of the Janus Fund family of funds, a company based out of Boston, MA. Janus Henderson Global Life Science A debuted in July of 2009. Since then, JFNAX has accumulated assets of about $187.53 million, according to the most recently available information. Andrew Acker is the fund's current manager and has held that role since July of 2009.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. JFNAX has a 5-year annualized total return of 19.47% and is in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 6.19%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of JFNAX over the past three years is 16.89% compared to the category average of 10.15%. The standard deviation of the fund over the past 5 years is 15.97% compared to the category average of 9.79%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors cannot discount the risks to this segment though, as it is always important to remember the downside for any potential investment.
Investors should note that the fund has a 5-year beta of 1.03, so it is likely going to be as volatile as the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. JFNAX's 5-year performance has produced a positive alpha of 3.5, which means managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, JFNAX is a load fund. It has an expense ratio of 1.02% compared to the category average of 1.07%. From a cost perspective, JFNAX is actually cheaper than its peers.
While the minimum initial investment for the product is $2,500, investors should also note that there is no minimum for each subsequent investment.
Bottom Line
Overall, Janus Henderson Global Life Science A has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and lower fees, this fund looks like a somewhat average choice for investors right now.
For additional information on this product, or to compare it to other mutual funds in the Sector - Health, make sure to go to www.zacks.com/funds/mutual-funds for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.
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Is Janus Henderson Global Life Science A (JFNAX) a Strong Mutual Fund Pick Right Now?
Having trouble finding a Sector - Health fund? Janus Henderson Global Life Science A (JFNAX - Free Report) is a possible starting point. JFNAX possesses a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance.
Objective
The world of Sector - Health funds is an area filled with options, such as JFNAX. Healthcare is one of the biggest sectors of the American economy, and Sector - Health mutual funds provide a great opportunity to invest in this industry. Here, funds can include everything from for-profit hospitals to pharmaceutical companies and medical device manufacturers.
History of Fund/Manager
JFNAX is a part of the Janus Fund family of funds, a company based out of Boston, MA. Janus Henderson Global Life Science A debuted in July of 2009. Since then, JFNAX has accumulated assets of about $187.53 million, according to the most recently available information. Andrew Acker is the fund's current manager and has held that role since July of 2009.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. JFNAX has a 5-year annualized total return of 19.47% and is in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 6.19%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of JFNAX over the past three years is 16.89% compared to the category average of 10.15%. The standard deviation of the fund over the past 5 years is 15.97% compared to the category average of 9.79%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors cannot discount the risks to this segment though, as it is always important to remember the downside for any potential investment.
Investors should note that the fund has a 5-year beta of 1.03, so it is likely going to be as volatile as the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. JFNAX's 5-year performance has produced a positive alpha of 3.5, which means managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, JFNAX is a load fund. It has an expense ratio of 1.02% compared to the category average of 1.07%. From a cost perspective, JFNAX is actually cheaper than its peers.
While the minimum initial investment for the product is $2,500, investors should also note that there is no minimum for each subsequent investment.
Bottom Line
Overall, Janus Henderson Global Life Science A has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and lower fees, this fund looks like a somewhat average choice for investors right now.
For additional information on this product, or to compare it to other mutual funds in the Sector - Health, make sure to go to www.zacks.com/funds/mutual-funds for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.