JAMVX
Janus Henderson VIT MidCap Value-Inst
Strategic Focus on MidCap Value
The Janus Henderson VIT MidCap Value-Inst (JAMVX) fund is strategically designed to capture growth through investments in undervalued mid-cap stocks. With a focus on companies that exhibit strong capital appreciation potential, the fund invests at least 80% of its assets in equity securities within the Russell Midcap Value Index’s capitalization range. This approach allows the fund to target firms with low price-to-asset ratios, robust balance sheets, and competitive advantages in their respective industries. The fund’s investment strategy is particularly appealing to investors seeking to capitalize on the growth potential of mid-sized companies that are often overlooked by larger market players.
At A Glance
Executive Summary
JAMVX offers a strategic focus on undervalued mid-cap stocks with a competitive expense ratio of 0.68%, aiming for capital growth.
Focus on undervalued mid-cap stocks. Competitive expense ratio. Strong 1-year return of 34.51%.
Negative alpha and Sharpe ratio. Higher downside risk. Limited yield at 0.98%.
Performance Amidst Market Dynamics
JAMVX has demonstrated a strong performance over the past year, with a notable 1-year return of 34.51%, outperforming many of its peers. This impressive return is indicative of the fund’s ability to navigate market volatility and capitalize on opportunities within the mid-cap value space. However, when compared to its benchmark, the S&P 500 Total Return Index, which posted a 1-year return of 37.62%, JAMVX slightly underperformed. Despite this, the fund’s focus on value stocks has allowed it to maintain a competitive edge, particularly in market conditions that favor value investing. Investors should consider the fund’s historical performance as a testament to its resilience and potential for future growth.
Sector Allocation and Diversification
JAMVX’s portfolio is well-diversified across various sectors, with significant allocations in Industrials (20.00%), Financials (16.53%), and Real Estate (9.75%). This diversification strategy helps mitigate sector-specific risks and provides a balanced exposure to different areas of the economy. The fund’s allocation to sectors like Technology (8.68%) and Health Care (8.11%) further enhances its growth potential by tapping into industries with strong long-term prospects. By maintaining a diversified portfolio, JAMVX aims to achieve steady growth while minimizing volatility, making it an attractive option for investors seeking a balanced approach to mid-cap value investing.
Risk Metrics and Considerations
While JAMVX offers promising growth opportunities, investors should be aware of its risk metrics. The fund has a beta of 0.89, indicating lower volatility compared to the market, but it also has a negative alpha of -3.16%, suggesting it has underperformed relative to its benchmark on a risk-adjusted basis. The Sharpe Ratio of -0.23 further highlights the fund’s challenges in delivering returns commensurate with its risk level. Additionally, the fund’s downside risk, measured by a downside risk (UI) of 2.37, suggests potential vulnerability in adverse market conditions. These risk factors should be carefully considered by investors, particularly those with a lower risk tolerance.
Competitive Expense Ratio
One of the standout features of JAMVX is its competitive expense ratio of 0.68%, which is relatively low compared to similar funds in the mid-cap value category. This cost efficiency is crucial for investors looking to maximize their net returns, as lower expenses can significantly enhance long-term performance. By maintaining a lower expense ratio, JAMVX provides an attractive option for cost-conscious investors who are seeking value-oriented growth opportunities without incurring high management fees. This aspect of the fund underscores its commitment to delivering value to its investors through prudent cost management.
Comparative Analysis with Peers
When compared to similar funds such as MFS MidCap Growth-I (OTCIX) and Franklin Small/MidCap Growth-A (FRSGX), JAMVX holds its ground with a strong 1-year return of 34.51%. While its peers have also shown commendable performance, with returns of 30.39% and 33.96% respectively, JAMVX’s focus on value stocks provides a unique edge. Additionally, its expense ratio of 0.68% is competitive, especially when compared to the higher expense ratios of its peers. This comparative analysis highlights JAMVX’s ability to deliver robust returns while maintaining cost efficiency, making it a compelling choice for investors seeking mid-cap value exposure.
Investor Suitability and Profile
JAMVX is particularly well-suited for investors who are looking for growth opportunities within the mid-cap value segment. Its focus on undervalued stocks with strong fundamentals makes it an ideal choice for those who believe in the potential of mid-sized companies to outperform over the long term. The fund’s diversified sector allocation and competitive expense ratio further enhance its appeal to value-oriented investors. However, given its risk metrics, it may not be suitable for those with a low risk tolerance or those seeking high income, as its yield is relatively modest at 0.98%. Investors should consider their individual risk profiles and investment goals when evaluating JAMVX as a potential addition to their portfolios.
Conclusion: A Strategic Choice for Value Investors
In conclusion, the Janus Henderson VIT MidCap Value-Inst (JAMVX) fund stands out as a strategic choice for investors seeking growth through value investing in the mid-cap space. Its focus on undervalued stocks, competitive expense ratio, and strong recent performance make it an attractive option for those looking to capitalize on the potential of mid-sized companies. While the fund’s risk metrics suggest some caution, its diversified portfolio and cost efficiency provide a solid foundation for long-term growth. JAMVX is best suited for investors with a moderate risk tolerance who are seeking to enhance their portfolios with a value-oriented growth strategy.
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.
JNMCX: Janus Henderson MidCap Value-D | MidCap Value Growth Fund
JNMCX offers midcap value growth with a 0.78% expense ratio and 1.04% yield, focusing on mid-sized companies for capital appreciation.
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.
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.
MDRFX: BlackRock MidCap Value-InvA | MidCap Value Investment
MDRFX offers mid-cap value exposure with a focus on undervalued equities, a 1% expense ratio, and a 1.69% yield, suitable for growth-oriented investors.
Futher Reading
https://www.morningstar.com/funds/xnas/JAMVX/quote
https://finance.yahoo.com/quote/JAMVX/”>Yahoo: Janus Henderson VIT MidCap Value-Inst
https://ftcloud.fasttrack.net/web/chart/JAMVX
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