JSPGX
Janus Henderson Global Alloc Growth-T
A Balanced Approach to Global Growth and Income
The Janus Henderson Global Alloc Growth-T (JSPGX) is designed to provide investors with a balanced approach to achieving growth and income. With a strategic allocation of approximately 80% in stocks and 20% in bonds and money market securities, the fund aims to maximize returns while maintaining a secondary focus on income generation. This dual objective makes JSPGX an attractive option for investors seeking a diversified portfolio that can potentially offer both capital appreciation and income. The fund’s global reach allows it to tap into various markets, providing exposure to a wide range of economic sectors and geographic regions.
At A Glance
Executive Summary
JSPGX offers a balanced global portfolio with a 0.34% expense ratio, focusing on growth and income through diverse asset allocation.
Global diversification with 80% equity exposure Competitive expense ratio of 0.34% Strong 1-year return of 22.69%
Negative alpha and Sharpe ratio High downside risk Underperformance compared to benchmark
Performance Analysis: A Year of Strong Returns
JSPGX has demonstrated impressive performance over the past year, with a 1-year return of 22.69%. This performance is noteworthy, especially when compared to its benchmark, the S&P 500 Total Return Index, which posted a 1-year return of 37.62%. While JSPGX’s return is lower than the benchmark, it still represents a strong performance within its category, particularly given its focus on both growth and income. The fund’s ability to deliver such returns is indicative of its effective asset allocation strategy and the potential for continued growth in the future.
Portfolio Composition: A Diverse Mix of Assets
The portfolio of JSPGX is composed of a diverse mix of assets, with significant allocations in both equities and fixed income securities. The fund’s top holdings include Janus Henderson Overseas N, Vanguard FTSE Emerging Markets ETF, and Janus Henderson Growth And Income N, among others. This diverse asset allocation is designed to provide a balance between risk and reward, allowing the fund to capitalize on growth opportunities while also providing a degree of income stability. The fund’s sector allocation is heavily weighted towards technology, financials, and healthcare, which are sectors known for their growth potential.
Risk Metrics: Understanding the Volatility
Investors should be aware of the risk metrics associated with JSPGX. The fund has a beta of 0.71, indicating lower volatility compared to the market. However, it also has a negative alpha of -14.97%, suggesting that it has underperformed relative to its benchmark. The Sharpe ratio of -1.49 further highlights the fund’s risk-adjusted return challenges. Despite these metrics, the fund’s standard deviation of 2.89% suggests moderate volatility, and its downside risk (UI) of 1.56 indicates a relatively low potential for loss. These metrics are crucial for investors to consider when evaluating the fund’s risk profile.
Comparative Analysis: How JSPGX Stacks Up Against Peers
When compared to similar funds, JSPGX holds its ground with a competitive expense ratio of 0.34% and a yield of 1.22%. Its 1-year return of 22.69% is comparable to peers like Goldman Sachs Growth Strategy-Inst (GGSIX) and VALIC Company I Global Strategy (VGLSX), which have returns of 25.57% and 22.73%, respectively. However, JSPGX’s beta of 0.71 is lower than some of its peers, indicating less volatility. This comparative analysis suggests that while JSPGX may not lead in returns, it offers a balanced risk-reward profile that could appeal to investors seeking stability alongside growth.
Sector and Market Cap Allocation: Targeting Growth Opportunities
JSPGX’s sector allocation is strategically positioned to target growth opportunities, with a significant focus on technology (25.25%), financials (18.12%), and healthcare (11.78%). These sectors are known for their potential to drive growth, and the fund’s allocation reflects a commitment to capturing these opportunities. Additionally, the fund’s market cap allocation is skewed towards large-cap (26.23%) and extra-large-cap (32.53%) companies, which are typically more stable and have a proven track record of performance. This strategic allocation is designed to balance growth potential with stability, making JSPGX a compelling choice for growth-oriented investors.
Expense Ratio: A Competitive Edge
One of the standout features of JSPGX is its competitive expense ratio of 0.34%. This is relatively low compared to many other funds in the same category, providing investors with cost-effective access to a diversified global portfolio. A lower expense ratio means that more of the fund’s returns are passed on to investors, enhancing the overall value proposition of the fund. This cost efficiency, combined with the fund’s strategic asset allocation, makes JSPGX an attractive option for investors looking to maximize their returns while keeping costs in check.
Conclusion: Is JSPGX the Right Fit for Your Portfolio?
In conclusion, the Janus Henderson Global Alloc Growth-T (JSPGX) offers a unique blend of growth and income through its diversified global portfolio. With a strong 1-year return, competitive expense ratio, and strategic asset allocation, the fund is well-suited for investors seeking a balanced approach to growth and income. However, potential investors should consider the fund’s risk metrics and performance relative to its benchmark. JSPGX is ideal for those looking for global exposure with a focus on both capital appreciation and income generation, making it a suitable addition to a diversified investment portfolio.
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Futher Reading
https://www.morningstar.com/funds/xnas/JSPGX/quote
https://finance.yahoo.com/quote/JSPGX/”>Yahoo: Janus Henderson Global Alloc Growth-T
https://ftcloud.fasttrack.net/web/chart/JSPGX
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