Having trouble finding a Mutual Fund Equity Report fund? Janus Henderson Global Technology I (
JATIX Quick Quote JATIX - Free Report) is a potential starting point. JATIX carries 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
JATIX finds itself in the Janus Fund family, based out of Boston, MA. The Janus Henderson Global Technology I made its debut in July of 2009 and JATIX has managed to accumulate roughly $703.67 million in assets, as of the most recently available information. The fund's current manager, Denny Fish, has been in charge of the fund since January of 2016.
Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 11.93%, 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 7.56%, 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. Compared to the category average of 18.1%, the standard deviation of JATIX over the past three years is 24.97%. The standard deviation of the fund over the past 5 years is 22.26% compared to the category average of 15.97%. This makes the fund more volatile than its peers over the past half-decade.
With a 5-year beta of 1.1, the fund is likely to be more volatile than the market average. 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. With a positive alpha of 0.59, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Examining 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 primarily on equities that are traded in the United States.
As of the last filing date, the mutual fund has 95.33% of its assets in stocks, and these companies have an average market capitalization of $447.31 billion. With turnover at about 56%, this fund makes fewer trades than the average comparable fund.
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, JATIX is a no load fund. It has an expense ratio of 0.76% compared to the category average of 1.30%. Looking at the fund from a cost perspective, JATIX 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.
Overall, Janus Henderson Global Technology I ( JATIX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, worse downside risk, and lower fees, this fund looks like a good potential choice for investors right now.
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