Is Janus Henderson Global Technology A (JATAX) a Strong Mutual Fund Pick Right Now?
Having trouble finding a Mutual Fund Equity Report fund? Janus Henderson Global Technology A (JATAX) is a potential starting point. JATAX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
JATAX is a part of the Janus Fund family of funds, a company based out of Boston, MA. Janus Henderson Global Technology A made its debut in July of 2009, and since then, JATAX has accumulated about $190.04 million in assets, per the most up-to-date date available. The fund is currently managed by Denny Fish who has been in charge of the fund since January of 2016.
Investors naturally seek funds with strong performance. JATAX has a 5-year annualized total return of 10.84% and it sits in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 7.92%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, JATAX's standard deviation comes in at 25.99%, compared to the category average of 18.91%. The standard deviation of the fund over the past 5 years is 22.81% compared to the category average of 16.51%. This makes the fund more volatile than its peers over the past half-decade.
The fund has a 5-year beta of 1.11, so investors should note that it is hypothetically more volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. JATAX has generated a positive alpha over the past five years of 0.72, demonstrating that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Examining the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is mostly on equities that are traded in the United States.
As of the last filing date, the mutual fund has 86.6% of its assets in stocks, which have an average market capitalization of $347.92 billion. The fund has the heaviest exposure to the following market sectors:
Turnover is 47%, which means, on average, the fund makes fewer trades than its comparable peers.
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, JATAX is a load fund. It has an expense ratio of 0.99% compared to the category average of 1.29%. Looking at the fund from a cost perspective, JATAX is actually cheaper than its peers.
While the minimum initial investment for the product is $2,500, investors should also note that there is no minimum for each subsequent investment.
Overall, Janus Henderson Global Technology A ( JATAX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, worse downside risk, and lower fees, this fund looks like a good potential choice for investors right now.
This could just be the start of your research on JATAXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (JATAX): Fund Analysis Report
To read this article on Zacks.com click here.