JSVSX
Janus Henderson Small/MidCap Value-S
Introduction to Janus Henderson Small/MidCap Value-S
The Janus Henderson Small/MidCap Value-S (JSVSX) is a mutual fund designed to seek capital appreciation by investing in undervalued stocks. This fund primarily targets small to mid-sized companies that the portfolio managers believe are undervalued, offering significant growth potential. As part of the Janus Henderson family, JSVSX is categorized under MidCap Value, focusing on companies with promising capital appreciation potential. With an expense ratio of 1.11%, the fund aims to deliver superior returns by identifying and investing in stocks that are trading below their intrinsic value. This approach is particularly appealing to investors looking for growth opportunities in the midcap sector.
At A Glance
Executive Summary
JSVSX offers growth through undervalued midcap stocks with a strong 1-year return of 43.42%, outperforming its benchmark.
Focus on undervalued midcap stocks; Strong recent performance; Managed by Janus Henderson.
Higher expense ratio; Limited yield; High beta indicates volatility.
Impressive Recent Performance
JSVSX has demonstrated impressive performance, particularly over the past year, with a remarkable 1-year return of 43.42%. This performance significantly outpaces its benchmark, the S&P 500 Total Return Index, which posted a 1-year return of 37.62%. The fund’s ability to outperform the benchmark highlights its effective stock selection strategy and the potential for capital appreciation in undervalued midcap stocks. The fund’s strong performance is also reflected in its annualized returns, with a 10.06% return since inception and consistent returns over three, five, and ten-year periods. This track record makes JSVSX an attractive option for investors seeking robust growth in their portfolios.
Portfolio Composition and Sector Allocation
The portfolio of JSVSX is diversified across various sectors, with a significant allocation to financials (24.26%), industrials (18.44%), and technology (12.22%). This sector allocation reflects the fund’s strategy of investing in undervalued companies with strong growth potential. The fund’s top holdings include Axis Capital Holdings Ltd, Agree Realty Corp, and Eastern Bankshares Inc, each contributing to the fund’s overall performance. The focus on financials and industrials suggests a strategic positioning to capitalize on economic growth and sector-specific opportunities. Additionally, the fund’s allocation to small and medium market cap companies, with 57.29% in small caps and 29.67% in medium caps, underscores its commitment to identifying growth opportunities in the midcap space.
Risk and Volatility Metrics
JSVSX exhibits a higher level of risk and volatility, as indicated by its beta of 1.16, which suggests that the fund is more volatile than the market. The fund’s alpha of 5.76% indicates that it has outperformed the market on a risk-adjusted basis, a positive sign for investors seeking higher returns. The Sharpe ratio of 0.33 and Treynor ratio of 4.95 further illustrate the fund’s risk-adjusted performance. However, investors should be aware of the downside risk, with a maximum drawdown of -9.0% and a downside risk (UI) of 2.71. These metrics suggest that while the fund offers substantial upside potential, it also carries a degree of risk that investors must be comfortable with.
Competitive Comparison with Similar Funds
When compared to similar funds, JSVSX holds its ground with a strong 1-year return of 43.42%. For instance, Pioneer Select MidCap Growth-A (PGOFX) and Allspring Discovery MidCap Growth-A (SENAX) have slightly higher 1-year returns of 43.72% and 45.62%, respectively, but JSVSX’s performance remains competitive. The fund’s expense ratio of 1.11% is higher than some peers, such as Neuberger Berman MidCap Growth-Inv (NMANX) with an expense ratio of 0.86%. Despite this, JSVSX’s focus on undervalued stocks and its strong performance metrics make it a compelling choice for investors looking for growth in the midcap value space.
Investor Suitability and Profile
JSVSX is particularly suitable for investors who are seeking growth through exposure to undervalued midcap stocks. The fund’s strategy of investing in companies with strong capital appreciation potential makes it ideal for those with a higher risk tolerance and a long-term investment horizon. The fund’s focus on small and medium-sized companies offers diversification benefits and the potential for significant returns. However, the higher expense ratio and volatility metrics suggest that this fund may not be suitable for conservative investors or those seeking stable income. Investors should consider their risk appetite and investment goals when evaluating JSVSX as part of their portfolio.
Unique Features and Differentiators
One of the unique features of JSVSX is its focus on undervalued midcap stocks, which sets it apart from many other funds in the midcap category. This focus allows the fund to capitalize on market inefficiencies and identify stocks with significant growth potential. The fund’s strong alpha and consistent outperformance of its benchmark further highlight its effective investment strategy. Additionally, the fund’s sector allocation, with a significant emphasis on financials and industrials, positions it well to benefit from economic growth and sector-specific trends. These differentiators make JSVSX an attractive option for investors looking for a unique approach to midcap investing.
Conclusion: Why JSVSX Stands Out
In conclusion, the Janus Henderson Small/MidCap Value-S (JSVSX) stands out as a compelling option for investors seeking growth through undervalued midcap stocks. Its impressive recent performance, strategic sector allocation, and focus on small and medium-sized companies make it a strong contender in the midcap value category. While the fund carries a higher expense ratio and volatility, its potential for capital appreciation and effective stock selection strategy offer significant upside for risk-tolerant investors. JSVSX is best suited for those with a long-term investment horizon and a willingness to embrace the inherent risks associated with midcap investing.
Similar Securities
JAMVX: Janus Henderson VIT MidCap Value-Inst | MidCap Value Growth Fund
JAMVX offers a strategic focus on undervalued mid-cap stocks with a competitive expense ratio of 0.68%, aiming for capital growth.
JSVSX: Janus Henderson Small/MidCap Value-S | Growth Potential in Undervalued MidCaps
JSVSX offers growth through undervalued midcap stocks with a strong 1-year return of 43.42%, outperforming its benchmark.
VVOAX: Invesco Value Opportunities-A | MidCap Value Growth & Income
VVOAX offers a unique blend of growth and income with a focus on undervalued midcap stocks, boasting a 51.16% 1-year return and a 1.07% expense ratio.
FRBSX: Franklin Mutual US MidCap Value-A | Undervalued MidCap Growth & Income
FRBSX offers undervalued midcap exposure with a 0.90% expense ratio and 1.06% yield, ideal for value-focused investors seeking growth and income.
TRMCX: TRPrice MidCap Value Fund | Value-Oriented MidCap Growth
TRMCX offers a value-oriented approach with a 0.85% expense ratio, focusing on undervalued mid-sized companies for long-term growth.
Futher Reading
https://www.morningstar.com/funds/xnas/JSVSX/quote
https://finance.yahoo.com/quote/JSVSX/”>Yahoo: Janus Henderson Small/MidCap Value-S
https://ftcloud.fasttrack.net/web/chart/JSVSX
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