Please ensure Javascript is enabled for purposes of website accessibility Contrarian Fund - Janus Henderson Investors
For Financial Professionals in the US

JCONX Contrarian Fund

Invests with conviction where we believe the market misunderstands business models, assets or growth potential

NAV
$28.65
As of 07/22/2024

1-Day Change
$0.15 (0.53%)
As of 07/22/2024

YTD Return
10.49%
As of 07/22/2024

Morningstar Medalist Rating ™

Silver Morningstar Analyst Rating
As of 06/04/2024

Overview

ABOUT THIS FUND

This Fund seeks to generate capital appreciation by investing in companies with durable business models whose stocks are trading at a significant discount to what we believe is their fair value and whose value is expected to grow over time. We seek to accomplish this by selecting stocks from a broad opportunity set to construct an all-cap portfolio that is intended to be uncorrelated to the broad economy or market.

WHY INVEST IN THIS FUND

Independent Thinking
Leveraging our deep fundamental research, we apply independent thinking to a broad opportunity set to identify companies trading at a significant discount to intrinsic value and capable of compounding growth over a long duration

Differentiated Portfolio Construction
We seek durable companies where the business model is misunderstood, assets are undervalued or growth trajectory is underappreciated by the market to construct a concentrated all-cap portfolio with differentiated sources of returns

Diversifying Equity Asset
With a broad opportunity set, differentiated sources of return and diversification across market cap and style, the portfolio may serve as a diversifying equity asset not tied to the index or broad economy

PORTFOLIO MANAGEMENT

Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.

Performance

RETURNS (%) (As of 06/30/2024)
Contrarian Fund - I Shares S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/29/2000)
Contrarian Fund - I Shares -1.92 6.48 12.11 1.27 12.10 8.64 8.27
S&P 500® Index 4.28 15.29 24.56 10.01 15.04 12.86 7.87
RETURNS (%) (As of 06/30/2024)
Contrarian Fund - I Shares S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/29/2000)
Contrarian Fund - I Shares -1.92 6.48 12.11 1.27 12.10 8.64 8.27
S&P 500® Index 4.28 15.29 24.56 10.01 15.04 12.86 7.87
Calendar Year Returns (%)
Contrarian Fund - I Shares S&P 500® Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Contrarian Fund - I Shares 21.55 -21.53 20.99 27.92 43.25 -3.97 5.41 8.25 -13.00 17.49
S&P 500® Index 26.29 -18.11 28.71 18.40 31.49 -4.38 21.83 11.96 1.38 13.69

MORNINGSTAR PERCENTILE

(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 61 78 10 41 53
Mid-Cap Blend | Rank/Count 249/430 305/404 24/376 100/303 78/163
(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 61 78 10 41 53
Mid-Cap Blend | Rank / Count 249/430 305/404 24/376 100/303 78/163

GROWTH OF A HYPOTHETICAL INVESTMENT

Contrarian Fund - I Shares S&P 500® Index Mid-Cap Blend

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

RISK / REWARD
VS. S&P 500 TR Index
3YR 5YR
Information Ratio -0.82 -0.27
Alpha -8.27 -3.25
Tracking Error 9.69 9.64
Beta 1.09 1.11
R-squared (%) 80.28 81.85
UP/DOWN MARKET CAPTURE (%)
VS. S&P 500 TR Index
3YR 5YR
Up Capture Ratio 87.71 101.95
Down Capture Ratio 116.17 111.36
STANDARD DEVIATION 3YR 5YR
Contrarian Fund 21.69 22.09
S&P 500 TR Index 17.86 18.08
SHARPE RATIO 3YR 5YR
Contrarian Fund -0.09 0.44
S&P 500 TR Index 0.37 0.70
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS I SHARES
Management Fees 0.60%
Other Expenses 0.13%
Total Gross Expenses 0.73%
Waivers 0.00%
Total Net Expenses 0.73%

Portfolio

Index represents the S&P 500® Index.

Top Holdings (As of 06/30/2024)
% of Fund
Caesars Entertainment Inc 5.38
Oracle Corp 4.61
Vertiv Holdings Co 4.49
Teleflex Inc 4.06
Amazon.com Inc 3.87
Marvell Technology Inc 3.80
Sempra 3.72
PNC Financial Services Group Inc 3.61
Advanced Micro Devices Inc 3.41
American Electric Power Co Inc 3.29
TOTAL 40.24
View full holdings
Portfolio Characteristics (As of 06/30/2024)
  FUND INDEX
Number of Holdings
Equity Issues
43 503
Market Capitalization
Weighted Average
$127.54B $966.45B
Portfolio Turnover Rate
(1-year trailing)
38.08% -
Price/Earnings Ratio
(1-year forward)
17.84 21.09
Price/Book Ratio
3.01 4.69
Earnings Growth Rate
(1-year forward)
16.30% 18.18%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 06/30/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of 06/30/2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 06/30/2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 06/30/2024

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