Please ensure Javascript is enabled for purposes of website accessibility US Small-Mid Cap Value Fund - Janus Henderson Investors
For professional investors in Colombia

US Small-Mid Cap Value Fund

As defensive value specialists, we seek to outperform over a full market cycle by aiming to mitigate losses in down markets while participating in up markets

ISIN
IE0001426232

NAV
USD 47.02
As of 22/04/2024

1-Day Change
USD 0.35 (0.75%)
As of 22/04/2024

Morningstar Rating

As of 31/03/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.
Performance target: To outperform the Russell 2500 Value Index by at least 2.5% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of small and medium sized companies in any industry, in the United States. Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, the United States.
The Fund may also invest in other assets including companies outside the United States, cash and money market instruments.
The Sub-Investment Adviser may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional capital or income for the Fund.
The Fund is actively managed with reference to the Russell 2500 Value Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance target. The Sub-Investment Adviser has discretion to choose individual investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • The fund aims to mitigate losses in down markets while participating in up markets
  • Disciplined valuation process that measures downside risk before upside potential
  • Designed to compound returns over a full market cycle with lower volatility than peers and the index
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Kevin Preloger

Portfolio Manager

Industry since 1997. Joined Firm in 2002.

Justin Tugman, CFA

Portfolio Manager

Industry since 2000. Joined Firm in 2004.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Cumulative & Annualised Performance (%)
As of 31/03/2024
I2 USD (Net) Russell 2500 Value TR
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
30/11/2000
I2 USD (Net) 6.02 11.13 25.39 8.09 10.32 8.40 7.11
Russell 2500 Value TR 4.93 6.07 21.33 5.82 8.99 8.28 7.45
 
  Annualised
3YR 5YR 10YR Since Inception
30/11/2000
I2 USD (Gross) - 11.52 9.75 8.53
Russell 2500 Value TR + 2.50% - 11.72 10.98 10.14
Calendar Year Returns (%)
As of 31/03/2024
I2 USD (Net) Russell 2500 Value TR
YTD 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
I2 USD (Net) 11.13 14.42 -9.49 20.92 3.66 27.03 -8.51 13.19 15.40 -3.62 8.59
Russell 2500 Value TR 6.07 15.98 -13.08 23.99 2.87 26.26 -8.58 13.19 18.40 -4.13 12.70
Calendar Year Returns (%)
Year I2 USD (Net) Index
2023 14.42 15.98
2022 -9.49 -13.08
2021 20.92 23.99
2020 3.66 2.87
2019 27.03 26.26
2018 -8.51 -8.58
2017 13.19 13.19
2016 15.40 18.40
2015 -3.62 -4.13
2014 8.59 12.70
2013 25.58 32.69
2012 8.91 17.55
2011 -4.00 -0.10
2010 12.25 16.23
2009 30.35 19.76
2008 -27.94 -36.25
2007 5.82 -1.01
2006 14.66 22.34
2005 9.52 6.85
2004 17.35 16.94
2003 42.07 31.14
2002 -22.67 -15.18
2001 -10.49 -4.33
2000 from 30/11/2000 2.00 5.37
FEE INFORMATION
Initial Charge 2.00%
Annual Charge 0.95%
Ongoing Charge
(As of 31/12/2022)
1.07%

Portfolio

Top Holdings (As of 31/03/2024)
% OF FUND
Lamar Advertising Co 2.88
Carlisle Cos Inc 2.87
Kirby Corp 2.85
Axis Capital Holdings Ltd 2.84
Hartford Financial Services Group Inc 2.79
Vontier Corp 2.78
Globus Medical Inc 2.74
Fortune Brands Innovations Inc 2.59
Casey's General Stores Inc 2.29
FB Financial Corp 2.24
TOTAL 26.87
Sector Allocation % OF FUND % OF FUND (As of 31/03/2024)
Regional Allocation % OF FUND % OF FUND (As of March 31, 2024)

Documents

  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • The Fund invests in real estate investment trusts (REITs) and other companies or funds engaged in property investment, which involve risks above those associated with investing directly in property. In particular, REITs may be subject to less strict regulation than the Fund itself and may experience greater volatility than their underlying assets.
  • The Fund may use derivatives to help achieve its investment objective. This can result in leverage (higher levels of debt), which can magnify an investment outcome. Gains or losses to the Fund may therefore be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund, or you invest in a share/unit class of a different currency to the Fund (unless hedged, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • When the Fund, or a share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency (hedge), the hedging strategy itself may positively or negatively impact the value of the Fund due to differences in short-term interest rates between the currencies.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • In respect of the equities portfolio within the Fund, this follows a value investment style that creates a bias towards certain types of companies. This may result in the Fund significantly underperforming or outperforming the wider market.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • Information on compliance with EU Sustainability related disclosures can be found here.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.