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Is Janus Henderson Enterprise I (JMGRX) a Strong Mutual Fund Pick Right Now?

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Have you been searching for a Mutual Fund Equity Report fund? You might want to begin with Janus Henderson Enterprise I (JMGRX - Free Report) . JMGRX bears a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance.

History of Fund/Manager

JMGRX is a part of the Janus Fund family of funds, a company based out of Boston, MA. Since Janus Henderson Enterprise I made its debut in November of 2005, JMGRX has garnered more than $7.94 billion in assets. The fund is currently managed by Brian Demain who has been in charge of the fund since November of 2007.

Performance

Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund in particular has delivered a 5-year annualized total return of 17.87%, and it sits in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 18.51%, which places it in the bottom 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 JMGRX over the past three years is 20.78% compared to the category average of 15.73%. Looking at the past 5 years, the fund's standard deviation is 17.17% compared to the category average of 13.27%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. JMGRX has a 5-year beta of 1.04, which means it is likely to be more volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. With a negative alpha of -0.3, managers in this portfolio find it difficult to pick 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, JMGRX is a no load fund. It has an expense ratio of 0.75% compared to the category average of 1.17%. From a cost perspective, JMGRX is actually cheaper than its peers.

While the minimum initial investment for the product is $1 million, investors should also note that there is no minimum for each subsequent investment.

Bottom Line

Overall, Janus Henderson Enterprise I ( JMGRX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, this fund looks like a somewhat average choice for investors right now.

Want even more information about JMGRX? Then go over to Zacks.com and check out our mutual fund comparison tool, and all of the other great features that we have to help you with your mutual fund analysis 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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