JAGIX
Janus Henderson Growth & Income-T
Balancing Growth and Income
The Janus Henderson Growth & Income-T Fund (JAGIX) is designed to provide investors with a balanced approach to capital appreciation and income generation. This fund strategically allocates at least 25% of its assets to securities with income potential, while primarily focusing on equity securities that offer growth opportunities. This dual objective makes JAGIX an attractive option for investors seeking both growth and income, particularly in the large-cap sector. The fund’s emphasis on equities with growth potential aligns with its goal of long-term capital appreciation, while the income component provides a steady stream of returns, making it suitable for investors looking for a balanced investment strategy.
At A Glance
Executive Summary
JAGIX offers a balanced approach with a 0.87% expense ratio, focusing on large-cap growth and income, outperforming peers in stability.
Balanced growth and income strategy Strong large-cap equity focus Competitive performance in volatile markets
Higher expense ratio than some peers Lower yield compared to similar funds Recent underperformance against benchmark
Performance in a Competitive Landscape
JAGIX has demonstrated competitive performance, particularly in the context of its large-cap category. Over the past year, the fund has achieved a return of 25.44%, which, while impressive, falls short of the S&P 500 Total Return Index’s 37.62% for the same period. Despite this, JAGIX’s performance remains robust when compared to similar funds such as LKCM Aquinas Catholic Equity (AQEIX) and Osterweis (OSTFX), which have returns of 29.62% and 27.15%, respectively. The fund’s focus on large-cap equities has allowed it to maintain a strong position in the market, although its performance relative to the benchmark suggests room for improvement. Investors should consider this performance in the context of their own risk tolerance and investment goals.
Sector Allocation and Market Positioning
JAGIX’s portfolio is heavily weighted towards the technology sector, which comprises 35.71% of its holdings. This significant allocation reflects the fund’s strategy to capitalize on the growth potential within the tech industry. Other notable sectors include financials at 16.93% and healthcare at 15.67%, providing a diversified exposure to industries with strong growth prospects. The fund’s market cap allocation is predominantly in large-cap (51.37%) and extra-large-cap (43.65%) stocks, underscoring its focus on established companies with a track record of performance. This strategic positioning allows JAGIX to leverage the stability and growth potential of large-cap equities, making it a compelling choice for investors seeking exposure to leading market sectors.
Risk Metrics and Volatility Considerations
JAGIX exhibits a relatively low beta of 0.89, indicating that it is less volatile than the broader market. This lower volatility can be appealing to investors who are risk-averse or seeking stability in their portfolios. However, the fund’s negative alpha of -12.22% and Sharpe ratio of -1.07 suggest that it has underperformed on a risk-adjusted basis compared to its benchmark. The fund’s R-squared value of 93.24% indicates a high correlation with the benchmark, meaning that its performance is closely tied to market movements. Despite these challenges, JAGIX’s downside risk (UI) of 2.01% and max drawdown of -8.0% highlight its resilience in adverse market conditions, offering a degree of protection against significant losses.
Expense Ratio and Cost Efficiency
With an expense ratio of 0.87%, JAGIX is positioned competitively within its category, though it is higher than some of its peers like Glenmede Strategic Equity (GTCEX) with an expense ratio of 0.86%. While not the lowest in the market, this expense ratio reflects the fund’s active management strategy aimed at achieving its dual objectives of growth and income. Investors should weigh the cost of investing in JAGIX against its potential returns and the value of its strategic asset allocation. The fund’s management team employs a disciplined approach to security selection, which can justify the expense ratio for those seeking a balanced investment with professional oversight.
Top Holdings and Investment Strategy
JAGIX’s top holdings include major technology and financial companies such as Microsoft Corp (9.50%), Apple Inc (6.36%), and JPMorgan Chase & Co (3.36%). These holdings reflect the fund’s strategy of investing in high-quality, large-cap companies with strong growth prospects. The inclusion of companies like UnitedHealth Group Inc and American Express Co further diversifies the portfolio, providing exposure to the healthcare and financial sectors. This strategic selection of top-tier companies is designed to enhance the fund’s growth potential while maintaining a focus on income generation. Investors can expect a portfolio that balances stability with the opportunity for capital appreciation, aligning with the fund’s growth and income objectives.
Comparative Analysis with Similar Funds
When compared to similar funds, JAGIX offers a unique blend of growth and income that sets it apart. While its one-year return of 25.44% is lower than some peers like LKCM Aquinas Catholic Equity (AQEIX) at 29.62%, JAGIX provides a more balanced approach with its focus on large-cap equities. The fund’s yield of 0.84% is competitive, though slightly lower than some alternatives. Investors should consider JAGIX’s strategic asset allocation and sector focus when evaluating its performance against peers. The fund’s emphasis on technology and financial sectors provides a distinct advantage in capturing growth opportunities, making it a viable option for those seeking a diversified large-cap investment.
Conclusion: Suitability for Investors
JAGIX stands out as a balanced investment option for those seeking both growth and income. Its strategic focus on large-cap equities, particularly in the technology and financial sectors, offers investors exposure to industries with significant growth potential. While the fund’s recent performance has lagged behind its benchmark, its competitive expense ratio and diversified portfolio make it an attractive choice for moderate-risk investors. JAGIX is particularly suitable for those looking to balance capital appreciation with income generation, providing a stable yet growth-oriented investment vehicle. Investors should consider their own financial goals and risk tolerance when deciding if JAGIX aligns with their investment strategy.
Similar Securities
MAFGX: BlackRock Capital Appreciation-Inst | High Growth Potential in Large-Cap Stocks
MAFGX offers high growth with a 42.60% 1-year return, focusing on tech-heavy large-cap stocks. Competitive expense ratio of 0.74%.
FRDPX: Franklin Rising Dividends-A | Equity-Income with Rising Dividends
FRDPX focuses on large-cap stocks with rising dividends, offering a 0.84% expense ratio and 0.80% yield, ideal for growth-oriented investors.
VAFCX: Invesco American Franchise-C | High Growth Potential with Top Tech Holdings
VAFCX stands out with a 44.24% 1-year return, driven by top tech holdings and a 1.74% expense ratio, ideal for growth-focused investors.
TILCX: TRPrice LargeCap Value-I | Undervalued Large-Cap Growth
TILCX offers undervalued large-cap exposure with a 0.57% expense ratio, focusing on growth and income.
PAULX: TRPrice US LargeCap Core-Adv | Growth-Focused Large-Cap Fund
PAULX offers growth-focused exposure to large-cap U.S. stocks with a 0.97% expense ratio, ideal for growth investors seeking high returns.
Futher Reading
https://finance.yahoo.com/quote/JAGIX/”>Yahoo: Janus Henderson Growth & Income-T
https://ftcloud.fasttrack.net/web/chart/JAGIX
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