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Is Janus Henderson Enterprise T (JAENX) a Strong Mutual Fund Pick Right Now?
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If investors are looking at the Mutual Fund Equity Report fund category, Janus Henderson Enterprise T (JAENX - Free Report) could be a potential option. JAENX bears a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Janus Fund is based in Boston, MA, and is the manager of JAENX. Janus Henderson Enterprise T debuted in November of 1992. Since then, JAENX has accumulated assets of about $4.03 billion, according to the most recently available information. The fund is currently managed by Brian Demain who has been in charge of the fund since November of 2007.
Performance
Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 15.75%, and is in the middle third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 14.6%, which places it in the middle 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. Over the past three years, JAENX's standard deviation comes in at 19.86%, compared to the category average of 15.49%. The fund's standard deviation over the past 5 years is 17.6% compared to the category average of 13.73%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
The fund has a 5-year beta of 1.04, so investors should note that it is hypothetically more volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. With a positive alpha of 0.29, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Holdings
Exploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is principally on equities that are traded in the United States.
Right now, 97.44% of this mutual fund's holdings are stocks, with an average market capitalization of $26.34 billion. The fund has the heaviest exposure to the following market sectors:
Technology
Finance
Other
With turnover at about 12%, this fund makes fewer trades than the average comparable fund.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, JAENX is a no load fund. It has an expense ratio of 0.90% compared to the category average of 1.15%. Looking at the fund from a cost perspective, JAENX 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 Enterprise T ( JAENX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Janus Henderson Enterprise T ( JAENX ) looks like a good potential choice for investors right now.
This could just be the start of your research on JAENXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.
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Is Janus Henderson Enterprise T (JAENX) a Strong Mutual Fund Pick Right Now?
If investors are looking at the Mutual Fund Equity Report fund category, Janus Henderson Enterprise T (JAENX - Free Report) could be a potential option. JAENX bears a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Janus Fund is based in Boston, MA, and is the manager of JAENX. Janus Henderson Enterprise T debuted in November of 1992. Since then, JAENX has accumulated assets of about $4.03 billion, according to the most recently available information. The fund is currently managed by Brian Demain who has been in charge of the fund since November of 2007.
Performance
Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 15.75%, and is in the middle third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 14.6%, which places it in the middle 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. Over the past three years, JAENX's standard deviation comes in at 19.86%, compared to the category average of 15.49%. The fund's standard deviation over the past 5 years is 17.6% compared to the category average of 13.73%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
The fund has a 5-year beta of 1.04, so investors should note that it is hypothetically more volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. With a positive alpha of 0.29, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Holdings
Exploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is principally on equities that are traded in the United States.
Right now, 97.44% of this mutual fund's holdings are stocks, with an average market capitalization of $26.34 billion. The fund has the heaviest exposure to the following market sectors:
- Technology
- Finance
- Other
With turnover at about 12%, this fund makes fewer trades than the average comparable fund.Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, JAENX is a no load fund. It has an expense ratio of 0.90% compared to the category average of 1.15%. Looking at the fund from a cost perspective, JAENX 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 Enterprise T ( JAENX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Janus Henderson Enterprise T ( JAENX ) looks like a good potential choice for investors right now.
This could just be the start of your research on JAENXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.