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

JRSTX 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
$11.22
As of 05/02/2025

1-Day Change
$0.12 (1.08%)
 As of 05/02/2025

YTD Return
-3.03%
As of 05/02/2025

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
Ashwin Alankar, Ph.D.

Head of Global Asset Allocation | Portfolio Manager

Industry since 2001. Joined Firm in 2014.

Performance

RETURNS (%) (As of 03/31/2025)
Adaptive Risk Managed U.S. Equity Fund - T Shares Russell 1000® Index S&P 500 Minimum Volatility TR Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/2006)
Adaptive Risk Managed U.S. Equity Fund - T Shares -4.41 -4.41 8.94 6.58 14.70 9.10 8.16
Russell 1000® Index -4.49 -4.49 7.82 8.65 18.47 12.17 10.20
S&P 500 Minimum Volatility TR Index 2.59 2.59 11.53 7.51 15.06 10.95 9.77
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.
RETURNS (%) (As of 03/31/2025)
Adaptive Risk Managed U.S. Equity Fund - T Shares Russell 1000® Index S&P 500 Minimum Volatility TR Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/2006)
Adaptive Risk Managed U.S. Equity Fund - T Shares -4.41 -4.41 8.94 6.58 14.70 9.10 8.16
Russell 1000® Index -4.49 -4.49 7.82 8.65 18.47 12.17 10.20
S&P 500 Minimum Volatility TR Index 2.59 2.59 11.53 7.51 15.06 10.95 9.77
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.
Calendar Year Returns (%)
Adaptive Risk Managed U.S. Equity Fund - T Shares Russell 1000® Index
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Adaptive Risk Managed U.S. Equity Fund - T Shares 23.58 15.13 -14.21 19.53 12.69 23.48 -3.70 20.27 8.00 3.13
Russell 1000® Index 24.51 26.53 -19.13 26.45 20.96 31.43 -4.78 21.69 12.05 0.92
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.

Morningstar Percentile

 (As of 03/31/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 13 77 89 92 90
Large Blend | Rank/Count 168/1380 1001/1295 1081/1214 956/1039 753/842
 (As of 04/30/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 11 68 88 87 90
Large Blend | Rank / Count 117/1371 914/1292 1067/1210 912/1039 753/842

Growth of a Hypothetical Investment

Adaptive Risk Managed U.S. Equity Fund - T Shares Russell 1000® Index S&P 500 Minimum Volatility TR Index Large Blend
Source: Morningstar, Inc.

This graph compares the performance of a hypothetical $1 investment in the fund, the fund’s Morningstar category average and its benchmark(s). Fund performance is on a Net Asset Value (NAV) basis with net income reinvested where applicable.

Returns-Based Statistics (As of 03/31/2025 Class I Shares)

RISK / REWARD
VS. Russell 1000 TR Index		 3YR 5YR
Information Ratio -0.45 -0.61
Alpha -1.42 -1.35
Tracking Error 3.87 5.03
Beta 0.89 0.87
R-squared (%) 95.51 91.03
UP/DOWN MARKET CAPTURE (%)
Russell 1000 TR Index		 3YR 5YR
Up Capture Ratio 84.52 83.64
Down Capture Ratio 92.83 93.70
STANDARD DEVIATION 3YR 5YR
Adaptive Risk Managed U.S. Equity Fund 16.08 15.78
Russell 1000 TR Index 17.60 17.27
SHARPE RATIO 3YR 5YR
Adaptive Risk Managed U.S. Equity Fund 0.14 0.75
Russell 1000 TR Index 0.23 0.89
Annual Fees & Expenses (As of the most recent prospectus)
CLASS T SHARES
Management Fees 0.50%
Other Expenses 0.31%
Total Gross Expenses 0.81%
Waivers 0.00%
Total Net Expenses 0.81%
Net expense ratios reflect the expense waiver, if any, contractually agreed to for at least a one-year period commencing on October 28, 2024. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Portfolio

Index represents the Russell 1000® Index.

Top Holdings (As of 03/31/2025)
% of Fund
Apple Inc 7.79
Microsoft Corp 4.81
NVIDIA Corp 4.55
Alphabet Inc 3.75
Amazon.com Inc 3.08
Berkshire Hathaway Inc 2.88
JPMorgan Chase & Co 2.77
Schwab US Large-Cap ETF 2.49
Costco Wholesale Corp 2.18
Meta Platforms Inc 2.17
TOTAL 36.47
View full holdings
Portfolio Characteristics (As of 03/31/2025)
  FUND INDEX
Number of Holdings
Equity Issues		 105 1007
Market Capitalization
Weighted Average		 $792.06B $790.44B
Portfolio Turnover Rate
(1-year trailing)		 121.30% -
Price/Earnings Ratio
(1-year forward)		 21.32 19.97
Price/Book Ratio
 4.34 4.32
Earnings Growth Rate
(1-year forward)		 9.87% 14.42%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 03/31/2025
Equity country, regional, sector and industry weights primarily based on MSCI and GICS classifications.
Regional Allocation % of Fund % of Index % of Fund % of Index As of 03/31/2025
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 03/31/2025
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 03/31/2025

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Diversification in three dimensions
Apr 25, 2025
Timely & Topical

Diversification in three dimensions

Modern investors tend to underappreciate the power of diversification across assets, time, and direction, which ancient societies, perhaps ironically, understood.

Read More

Trump, tariffs, and the dollar’s role as reserve currency
Apr 4, 2025
Timely & Topical

Trump, tariffs, and the dollar’s role as reserve currency

The material costs of frittering away the U.S. dollar’s reserve currency status must be considered in any trade rebalancing.

Read More

Favorable winds: 2025 presents opportunities for asset allocators
Dec 19, 2024
Features & Outlooks

Favorable winds: 2025 presents opportunities for asset allocators

Ashwin Alankar explains how forward-looking signals hint at investors being able to source attractive risk premiums across capital markets in 2025 as recession risk in many regions appears muted.

Read More

Choose region

Country

Language

What type of investor are you?