If investors are looking at the Mutual Fund Equity Report fund category, Janus Henderson Enterprise I (
JMGRX Quick Quote JMGRX - Free Report) could be a potential option. JMGRX possesses a Zacks Mutual Fund Rank of 1 (Strong 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 JMGRX. Since Janus Henderson Enterprise I made its debut in November of 2005, JMGRX has garnered more than $6.22 billion in assets. The fund's current manager, Brian Demain, has been in charge of the fund since November of 2007.
Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 9.3%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 10.22%, which places it in the top third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
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 15.35%, the standard deviation of JMGRX over the past three years is 18.06%. Looking at the past 5 years, the fund's standard deviation is 20.13% compared to the category average of 16.13%. This makes the fund more volatile than its peers over the past half-decade.
Investors should note that the fund has a 5-year beta of 1.02, 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. JMGRX has generated a negative alpha over the past five years of -1.44, demonstrating that managers in this portfolio find it difficult to pick 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 largely on equities that are traded in the United States.
The mutual fund currently has 86.33% of its holdings in stocks and it has 22.21% of assets in foreign securities. The fund has the heaviest exposure to the following market sectors:
Technology Other Industrial Cyclical
Turnover is 12%, which means this fund makes fewer trades than comparable funds.
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 0.77% compared to the category average of 1.15%. So, JMGRX is actually cheaper than its peers from a cost perspective.
This fund requires a minimum initial investment of $1 million, while there is no minimum for each subsequent investment.
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Overall, Janus Henderson Enterprise I ( JMGRX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.
For additional information on the Mutual Fund Equity Report area of the mutual fund world, make sure to check out
www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into JMGRX too for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.