JAWGX
Janus Henderson VIT Global Research-Inst
Global Growth with Emerging Market Exposure
The Janus Henderson VIT Global Research-Inst (JAWGX) is a mutual fund designed to achieve long-term capital growth while preserving capital. It primarily invests in common stocks of companies across the globe, with a significant focus on emerging markets. This fund is categorized under World Large Growth, which indicates its strategy of investing in large-cap companies worldwide. The fund’s approach is bottom-up, meaning the portfolio manager selects investments based on individual company analysis rather than macroeconomic factors. This strategy allows for a diversified portfolio that can capitalize on growth opportunities in various regions, including the United States and emerging markets.
At A Glance
Executive Summary
JAWGX offers global growth with a 36.29% 1-year return, 0.61% expense ratio, and significant emerging market exposure.
Global diversification with emerging market exposure. Strong recent performance with 36.29% 1-year return. Low expense ratio of 0.61% for its category.
High exposure to volatile emerging markets. Limited bond allocation may not suit conservative investors. Potential currency risks due to global investments.
Impressive Recent Performance
JAWGX has demonstrated impressive performance, particularly over the past year, with a 36.29% return. This outpaces its benchmark, the MSCI ACWI xUS DivAdj Index, which returned 17.25% over the same period. The fund’s strong performance can be attributed to its strategic allocation in high-performing sectors such as technology and financials, which together make up over 42% of its portfolio. The fund’s top holdings, including NVIDIA, Microsoft, and Alphabet, have been significant contributors to its recent success. This performance highlights the fund’s ability to leverage growth opportunities in the global market effectively.
Strategic Sector Allocation
The sector allocation of JAWGX is a key factor in its performance. With a substantial 24.85% of its portfolio in technology, the fund is well-positioned to benefit from the rapid advancements and growth in this sector. Additionally, the fund has significant investments in financials (17.55%) and healthcare (12.64%), providing a balanced exposure to sectors that are essential for global economic growth. This strategic allocation not only supports the fund’s growth objectives but also offers a degree of diversification that can help mitigate risks associated with sector-specific downturns.
Risk Metrics and Volatility Management
JAWGX exhibits a strong risk-adjusted performance profile, with a Sharpe Ratio of 1.50 and a Treynor Ratio of 24.31, indicating efficient risk management. The fund’s beta of 0.78 suggests lower volatility compared to the market, which is beneficial for investors seeking growth with moderated risk. The fund’s downside risk is relatively low, with a maximum drawdown of -9.2%, and it has shown resilience with a quick recovery period. These metrics underscore the fund’s ability to manage volatility while pursuing growth, making it an attractive option for investors who are cautious about market fluctuations.
Competitive Expense Ratio
One of the standout features of JAWGX is its competitive expense ratio of 0.61%, which is relatively low for a fund in the World Large Growth category. This low expense ratio means that more of the fund’s returns are passed on to investors, enhancing the overall return on investment. When compared to similar funds, such as Neuberger Berman Focus-Inst (NFALX) with an expense ratio of 0.76%, JAWGX offers a cost-effective option for investors seeking global growth exposure. This cost efficiency, combined with strong performance, makes JAWGX a compelling choice for cost-conscious investors.
Top Holdings and Market Cap Distribution
The fund’s top holdings are dominated by large-cap and extra-large-cap companies, with a significant portion of the portfolio invested in industry leaders like NVIDIA, Microsoft, and Alphabet. This focus on large-cap stocks provides stability and growth potential, as these companies are often well-established with strong market positions. The market cap distribution shows a preference for extra-large companies (48.19%), followed by large (37.74%) and medium (12.86%) caps. This distribution aligns with the fund’s objective of capitalizing on global growth opportunities while maintaining a level of stability through investments in established companies.
Emerging Market Opportunities and Risks
JAWGX’s significant exposure to emerging markets presents both opportunities and risks. Emerging markets offer the potential for higher growth compared to developed markets, driven by factors such as increasing consumer demand and economic development. However, this exposure also introduces risks, including political instability, currency fluctuations, and market volatility. Investors in JAWGX should be aware of these risks and consider their own risk tolerance when investing in the fund. The fund’s diversified approach and strategic sector allocation help mitigate some of these risks, but potential investors should remain informed about the dynamic nature of emerging markets.
Conclusion: A Strong Choice for Growth-Oriented Investors
In conclusion, the Janus Henderson VIT Global Research-Inst (JAWGX) stands out as a strong choice for investors seeking global growth with a focus on emerging markets. Its impressive recent performance, strategic sector allocation, and competitive expense ratio make it an attractive option for growth-oriented investors. However, potential investors should consider the risks associated with emerging market exposure and ensure that the fund aligns with their investment goals and risk tolerance. Overall, JAWGX offers a compelling opportunity for those looking to diversify their portfolio with a global growth strategy.
Similar Securities
ANEFX: American Funds New Economy-A | Innovation-Driven Global Growth Fund
ANEFX offers innovation-driven growth with a 37.45% 1-year return, focusing on tech-heavy global equities. Competitive expense ratio of 0.77%.
PAGLX: TRPrice Global Growth Stock-Adv | Global Large-Cap Growth Fund
PAGLX offers global large-cap growth with a strong 1-year return of 29.06%, outperforming its benchmark. High tech allocation and low downside risk.
OPPAX: Invesco Global-A | Global Growth Investment
Invesco Global-A (OPPAX) excels with a 27.94% 1-year return, focusing on tech and communication sectors, offering a unique global growth strategy.
PGGAX: American Funds Global Growth-A | Global Growth Investment
PGGAX offers global growth with a 0.81% expense ratio, outperforming its benchmark with a 28.71% 1-year return.
JESSX: Janus Henderson Global Sustainable Equity-S | Sustainable Growth Investment
JESSX focuses on sustainable growth with a 26.96% 1-year return, investing in eco-friendly companies. High expense ratio but strong alpha of 9.69%.
Futher Reading
https://www.morningstar.com/funds/xnas/JAWGX/quote
https://finance.yahoo.com/quote/JAWGX/”>Yahoo: Janus Henderson VIT Global Research-Inst
https://ftcloud.fasttrack.net/web/chart/JAWGX
https://www.wsj.com/market-data/quotes/mutualfund/JAWGX
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