There are plenty of choices in the Mutual Fund Equity Report category, but where should you start your research? Well, one fund that might be worth investigating is Janus Henderson Global Technology I (
JATIX Quick Quote JATIX - Free Report) . JATIX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance. History of Fund/Manager
Janus Fund is based in Boston, MA, and is the manager of JATIX. Janus Henderson Global Technology I debuted in July of 2009. Since then, JATIX has accumulated assets of about $775.27 million, according to the most recently available information. The fund is currently managed by Denny Fish who has been in charge of the fund since January of 2016.
Of course, investors look for strong performance in funds. JATIX has a 5-year annualized total return of 13.84% 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 10.53%, 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 18.7%, the standard deviation of JATIX over the past three years is 24.75%. The fund's standard deviation over the past 5 years is 23.31% compared to the category average of 16.52%. This makes the fund more volatile than its peers over the past half-decade.
Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. JATIX has a 5-year beta of 1.12, which means it 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. Over the past 5 years, the fund has a positive alpha of 2.32. This means that 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.
This fund is currently holding about 77.56% stock in stocks and it has 16.21% of assets in foreign securities. The fund has the heaviest exposure to the following market sectors:
With turnover at about 44%, this fund makes fewer trades than its comparable peers.
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, JATIX is a no load fund. It has an expense ratio of 0.78% compared to the category average of 1.29%. Looking at the fund from a cost perspective, JATIX is actually cheaper than its peers.
This fund requires a minimum initial investment of $1 million, while 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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www.zacks.com/funds/mutual-funds to see the additional features we offer 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.