Please ensure Javascript is enabled for purposes of website accessibility Adaptive Risk Managed U.S. Equity Fund - Janus Henderson Investors
For Financial Professionals in the US

JRSCX Adaptive Risk Managed U.S. Equity Fund

A large-cap core equity portfolio of stocks that have the potential for less downside volatility and greater growth or upside volatility, as implied by forward-looking options market prices.

NAV
$10.90
As of 07/12/2024

1-Day Change
$0.07 (0.65%)
As of 07/12/2024

YTD Return at NAV
15.47%
As of 07/12/2024

Overview

ABOUT THIS FUND

U.S. large-cap equity portfolio that seeks to deliver more attractive returns with lower absolute volatility than the Index over a market cycle. Our systematic investment process utilizes forward-looking signals from options markets designed to identify individual stocks with less downside volatility that appear poised for greater growth or upside volatility.

WHY INVEST IN THIS FUND

  • Attractive: This diversified, U.S. large-cap portfolio targets more attractive returns with lower absolute volatility over a market cycle.
  • Objective: Our systematic investment process uses forward-looking signals from highly liquid options markets designed to identify individual stocks with less downside volatility that appear poised for greater growth or upside volatility.
  • Adaptive: Changes in the market-implied forecasts of good risk versus bad risk will trigger rebalancing while maintaining diversification in an effort to provide more consistent returns over time.

PORTFOLIO MANAGEMENT

Ashwin Alankar, Ph.D.

Head of Global Asset Allocation | Portfolio Manager

Industry since 2001. Joined Firm in 2014.

Performance

RETURNS (%) (As of 06/30/2024)
Adaptive Risk Managed U.S. Equity Fund - C Shares (NAV) Adaptive Risk Managed U.S. Equity Fund - C Shares (CDSC) Russell 1000® Index S&P 500® Minimum Volatility Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/2006)
Adaptive Risk Managed U.S. Equity Fund - C Shares (NAV) 3.82 12.29 16.55 5.96 8.90 8.46 7.47
Adaptive Risk Managed U.S. Equity Fund - C Shares (CDSC) 2.82 11.29 15.55 5.96 8.90 8.46 7.47
Russell 1000® Index 3.57 14.24 23.88 8.74 14.60 12.51 10.40
S&P 500® Minimum Volatility Index 2.46 12.10 16.54 7.55 10.52 11.08 9.68
RETURNS (%) (As of 06/30/2024)
Adaptive Risk Managed U.S. Equity Fund - C Shares (NAV) Adaptive Risk Managed U.S. Equity Fund - C Shares (CDSC) Russell 1000® Index S&P 500® Minimum Volatility Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/2006)
Adaptive Risk Managed U.S. Equity Fund - C Shares (NAV) 3.82 12.29 16.55 5.96 8.90 8.46 7.47
Adaptive Risk Managed U.S. Equity Fund - C Shares (CDSC) 2.82 11.29 15.55 5.96 8.90 8.46 7.47
Russell 1000® Index 3.57 14.24 23.88 8.74 14.60 12.51 10.40
S&P 500® Minimum Volatility Index 2.46 12.10 16.54 7.55 10.52 11.08 9.68
Calendar Year Returns (%)
Russell 1000® Index Adaptive Risk Managed U.S. Equity Fund - C Shares (NAV)
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Russell 1000® Index 26.53 -19.13 26.45 20.96 31.43 -4.78 21.69 12.05 0.92 13.24
Adaptive Risk Managed U.S. Equity Fund - C Shares (NAV) 14.24 -14.75 18.72 11.75 22.43 -4.35 19.32 6.97 2.54 8.26

MORNINGSTAR PERCENTILE

(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 79 82 95 94 96
Large Blend | Rank/Count 1158/1427 1118/1323 1181/1238 1005/1057 837/870
(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 79 82 95 94 96
Large Blend | Rank / Count 1158/1427 1118/1323 1181/1238 1005/1057 837/870

GROWTH OF A HYPOTHETICAL INVESTMENT

U.S. Managed Volatility Fund - C Shares (NAV) Russell 1000® Index Large Blend

RETURNS-BASED STATISTICS (As of 06/30/2024 Class I Shares)

RISK / REWARD
VS. Russell 1000 TR Index
3YR 5YR
Information Ratio -0.36 -0.71
Alpha -1.27 -3.03
Tracking Error 4.68 5.78
Beta 0.91 0.90
R-squared (%) 93.26 89.79
UP/DOWN MARKET CAPTURE (%)
VS. Russell 1000 TR Index
3YR 5YR
Up Capture Ratio 87.97 79.51
Down Capture Ratio 95.70 94.73
STANDARD DEVIATION 3YR 5YR
Adaptive Risk Managed U.S. Equity Fund 17.03 17.47
Russell 1000 TR Index 18.00 18.48
SHARPE RATIO 3YR 5YR
Adaptive Risk Managed U.S. Equity Fund 0.21 0.43
Russell 1000 TR Index 0.30 0.66
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS C SHARES
Management Fees 0.50%
12b-1 Fees 1.00%
Other Expenses 0.18%
Total Gross Expenses 1.68%
Waivers -0.06%
Total Net Expenses 1.62%

Portfolio

Index represents the Russell 1000® Index.

Top Holdings (As of 05/31/2024)
% of Fund
Microsoft Corp 6.74
Apple Inc 5.41
Alphabet Inc 4.34
NVIDIA Corp 3.71
Schwab US Large-Cap ETF 2.36
Berkshire Hathaway Inc 2.27
Amazon.com Inc 2.26
JPMorgan Chase & Co 1.69
Broadcom Inc 1.65
Meta Platforms Inc 1.51
TOTAL 31.94
View full holdings
Portfolio Characteristics (As of 05/31/2024)
  FUND INDEX
Number of Holdings
Equity Issues
142 1004
Market Capitalization
Weighted Average
$713.87B $784.96B
Portfolio Turnover Rate
(1-year trailing)
258.96% -
Price/Earnings Ratio
(1-year forward)
20.13 20.35
Price/Book Ratio
4.59 4.31
Earnings Growth Rate
(1-year forward)
13.99% 17.63%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 05/31/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of 05/31/2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 05/31/2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 05/31/2024

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