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Is Janus Henderson Enterprise D (JANEX) a Strong Mutual Fund Pick Right Now?

Zacks Equity Research
·4-min read

If investors are looking at the Mutual Fund Equity Report fund category, Janus Henderson Enterprise D (JANEX) could be a potential option. JANEX has a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.

History of Fund/Manager

JANEX is a part of the Janus Fund family of funds, a company based out of Boston, MA. Janus Henderson Enterprise D made its debut in September of 1992, and since then, JANEX has accumulated about $2.04 billion in assets, per the most up-to-date date available. The fund's current manager, Brian Demain, has been in charge of the fund since July of 2009.

Performance

Investors naturally seek funds with strong performance. JANEX has a 5-year annualized total return of 10.86% and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 6.47%, which places it in the middle third during this time-frame.

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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. Compared to the category average of 15.96%, the standard deviation of JANEX over the past three years is 20.72%. Looking at the past 5 years, the fund's standard deviation is 18.51% compared to the category average of 14.25%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

The fund has a 5-year beta of 1.02, so investors should note that it is hypothetically as volatile as the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. Over the past 5 years, the fund has a negative alpha of -0.31. This means that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.

Holdings

Investigating 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 principally on equities that are traded in the United States.

Currently, this mutual fund is holding 86.74% stock in stocks, with an average market capitalization of $23.59 billion. The fund has the heaviest exposure to the following market sectors:

  1. Technology

  2. Finance

  3. Other

  4. Industrial Cyclical

Turnover is 6%, which means this fund makes fewer trades than comparable funds.

Expenses

As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, JANEX is a no load fund. It has an expense ratio of 0.79% compared to the category average of 1.15%. So, JANEX is actually cheaper than its peers from a cost perspective.

Investors should also note that the minimum initial investment for the product is $2,500 and that each subsequent investment needs to be at $50.

Bottom Line

Overall, Janus Henderson Enterprise D ( JANEX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, Janus Henderson Enterprise D ( JANEX ) looks like a good potential choice for investors right now.

Your research on the Mutual Fund Equity Report segment doesn't have to stop here. You can check out all the great mutual fund tools we have to offer by going to www.zacks.com/funds/mutual-funds to see the additional features we offer as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.


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